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News Brief | April 2016

APTLs premium bid to win project in Rajasthan

In a first-of-its-kind move, Adani Power Transmission Ltd. (APTL) quoted a premium amont to grab the Suratgarh-Bikaner Intrastrate Transmission Line project in Rajasthan. APTL bid 20 per cent lower than Rajasthan Rajya Vidyut Prasaran NigamĀ“s (RRVPN), prescribed unitary charge, and would pay the difference as premium to the RRVPN. This is the first ever case of premium bidding in power transmission projects, Generally, companies quote a higher amount than the unitary charge, the difference of which is paid by the state government as viability gap funding.
Contact: Adani Power
Tel: +91 79 2555 7555
Website: http://www.adanipower.com/php
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