The government on Wednesday awarded the Tilaiya ultra mega power project (UMPP) to the Anil Dhirubhai Ambani Group-promoted Reliance Power. The company offered to supply power at Rs 1.77 per unit – the lowest price quoted by the four companies in the fray.
The next best bid came from government owned NTPC, which offered to supply power from the pithead coal project at Rs 2.39 per unit. Among others, Jindal Steel and Power offered to supply power at Rs 2.69 per unit and Sterlite Industries bid the highest at Rs 2.97 per unit. The fifth company shortlisted to bid, Lanco Infratech, partnership with Genting Power International, withdrew at the last minute.
The Tilaiya project marks the third UMPP won by the ADAG company, after Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh.