Only serious players bid for power transmission projects
NEW DELHI: India’s power transmission sector is witnessing a change with only serious players bidding for projects. The situation has changed as land acquisition issues, rising costs and delayed approvals have added to the woes of firms that bid recklessly in the past.
The number of bidders has fallen to 12 from 35 a year ago and companies are making realistic bids now, industry officials said. Currently transmission projects worth Rs 22,000 crore are either up for bidding or have just been awarded.
Companies like Sterlite Industries L&T infra, Power Grid Corp of India, Tata Projects, Kalptaru Power Transmission, UK-based Balfour Beatty Infraand Spain’s Isolux Corsan are among the companies bidding for transmission projects. Deloitte Touche Tohmatsu India senior director Shubhranshu Patnaik said the power transmission sector has stabilised with only serious bidders remaining in fray for the projects.