State-run Power Grid Corporation Ltd (PGCIL) has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs 6,300 crore in a tariff based auction. “PGCIL has emerged as the lowest bidder for Vemagiri II power transmission project of around Rs 6,300 crore. The financial bids were opened today,” source said.
The source added that Kalpataru Power Transmission has emerged as the lowest bidder for Alipurduar power transmission project for which financial bids were also opened. For Vemagiri II project, PGCIL has bid very aggressively and quoted Rs 359 crore annual tariff per annum followed by Sterlite Grid (Rs 429.05 crore), Essel (Rs 459 crore) and Adani (Rs 585 crore). Similarly for Alipurduar project, Kalpataru Power Transmission quoted the lowest tariff of Rs 129.4 crore per annum followed by Essel (Rs 129.6 crore), PGCIL (138 crore), Sterlite Grid (Rs 161 crore) and Adani (Rs 198 crore).