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L&T unit lowest bidder for power plant: Sources
L&T Power Development, a unit of Larsen and Toubro, is the lowest bidder for project to build and run a 1,320 MW thermal power plant in Punjab, two sources involved in the process told Reuters on Monday.
L&T Power Development, a unit of Larsen and Toubro , is the lowest bidder for project to build and run a 1,320 MW thermal power plant in Punjab, two sources involved in the process told Reuters on Monday.
L&T Power Development was the lowest bidder at Rs 2.89 a unit, said a senior official with Punjab State Electricity Board (PSEB) who declined to be named.
"Three bids came in very close, at less than three rupees a unit," he added.
A senior official of one of the firms that bid for the project but missed out confirmed that L&T Power Development was the lowest bidder.
An L&T group spokesman said the firm had bid for the project but declined to comment on the outcome.
The coal-based project will be developed on "Build-Own-Operate" basis in Rajpura, and the PSEB had sought bids through tariff-based competitive process.
