Ambani duo in grab for power

MAHESH KULKARNI Bangalore, 31 August

or the first time after settling their family dispute and withdrawing the noncompete clause in May, brothers Mukesh and Anil Ambani are again competing face-toface, in a bid for the `7,500crore, 1,320-Mw thermal power project at Gulbarga in north Karnataka. This is the first time that Mukesh's Reliance Industries Ltd (RIL) has sought to set up a non-captive, mega power plant in the country. This is the second time that Power Company of Karnataka Ltd (PCKL), a Karnataka government undertaking, has shortlisted bidders for the Gulbarga Thermal Power Project, to be constructed on a build-own-operate basis. PCKL had first floated bids in 2007 for a 2x660 Mw

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(1,320 Mw) coal-based power plant at Farhatabad near Gulbarga in north Karnataka. Eleven companies were qualified out of 14 bidders. RIL was not among them. However, after Karnataka Electricity Regulatory Commission (KERC) raised certain objections, PCKL invited fresh bids in July and another 12 companies qualified, including RIL. Request-for-proposal documents have been issued to all of them, a top official in PCKL told Business Standard. Other companies that have qualified to submit financial proposals include Tata Power, GMR Energy, Jindal Power, Shree Cement, IRB Infrastructure Developers, Sterlite Energy, Aditya Birla Essel Mining & Industries, GVK Industries, AES (India), Adani Power, Dalmia Power and Videocon. Turn to Page 14

MUKESH AMBANI
Chairman, RIL

ANIL AMBANI
Chairman, R-ADAG

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