India: Govt Allows Power Cos To Bid For UMPP

The government has allowed a single company to bid for a fourth ultra mega power project (UMPP) provided it has completed one out of three UMPPs it has on hand. The Power Secretary said the Empowered Group of Ministers (EGoM), which had earlier ruled a single company can’t develop more than three UMPPs, will now discuss the bid documents for the fourth UMPPs. Reliance Power is currently working on three UMPPs.