ZT News Network
SRINAGAR, JUNE 20: J&K’s State Administrative Council (SAC) has accorded sanction to the annulment of the bid process of 93 MW New Ganderbal HEP and initiation of the procurement process of the project afresh by JKSPDC.
The 93 MW New Ganderbal Hydro Electric Project was conceived as a run-of-the river scheme on Sindh nallah, a tributary of river Jhelum. All the requisite clearances for the project have been obtained and compliances for clearance of the project by Indus Commission (Gol), made. The Central Electricity Authority (CEA) has accorded Techno Economic Clearance (TEC) to the project at an estimated cost of Rs.965.87 Crore at including IDC and FC of Rs. 175.146 Cr. The appraisal was valid for a period of three years. The CEA has been approached for revalidation of the appraisal.
Earlier, a two stage bidding process was adopted for the selection of the EPC contractor for construction of the project in which HCC emerged as the successful bidder with a negotiated cost of Rs. 819.18 Crore. However, for a variety of reasons M/S HCC failed to implement the project.
As the LOI to M/s HCC was issued in pursuant to a Cabinet Decision, the proposal was placed before the SAC, which accorded approval to annulment of Bid Process and initiation of procurement process of the 93 MW New Ganderbal Hydro Electric Project afresh by JKSPDC in Engineering, Procurement and Construction (EPC) mode. The decision was taken in view of the resolution passed by the Board of Directors of JKSPDC in a recent meeting.