NEW DELHI: State-run Power Finance Corp today said it has formed special purpose vehicle, Deoghar Mega Power Ltd, for developing a 4,000 MW ultra mega power project in Jharkhand.
Deoghar would be the second ultra mega power project (UMPP) in the state after Tilaiya, which is being executed by Reliance Power, the company informed the BSE.
Power Finance Corporation, the nodal agency for UMPPs in the country, has awarded four such projects so far.
Three UMPPs — Sasan (Madhya Pradesh), Krishnapatnam (Andhra Pradesh) and Tilaya (Jharkhand) were bagged by Reliance Power and one at Mundra in Gujarat is being developed by Tata Power.
The first round of bidding for the Bedabahal UMPP in Odisha, which was held in July last year, witnessed interest from 20 bidders. The second or the final round would take place after the government completes the amendments in the standard bidding documents (SBDs) for the UMPPs.
The Requests for Qualification (RFQ) or the initial bids for the Sarguja UMPP in Chhattisgarh are likely to be invited in June this year.
The preliminary bids for this UMPP have been delayed many times in the past on account of environmental clearance.
The government plans to add close to 1,00,000 MW in the next five years, of which a lion’s share would be contributed by these UMPPs.