Four companies are preparing to submit technical and commercial bids to India's state-owned transmission company, Power Grid Corp. of India (PGC), in August to build a $100 million transmission project, according to a PGC official in New Delhi. The companies are BSES India, Tata Power, Kalpadaru India in association with Malaysian utility Denaga National Berhab, and Emirates Trading Agency in association with Korean utility KEPCO. The winning bidder will provide financing for the project, which is expected to take around three years to construct. The PGC hopes to activate another seven transmission projects once the Dina-Nagda-Dehgam project is underway, the official adds.
May 31, 2002