HCC may emerge as lowest bidder for two Rajasthan atomic power projects
May 5, 2010
Hindustan Construction Company (HCC) is expected to emerge as the lowest bidder in two of the contracts issued for nuclear power projects under the Rajasthan Atomic Power Project (RAPP) quota.
“We are the lowest bidder in five to six projects of the value of Rs4,500 crore. One of the latest projects in which we are likely to be the lowest bidder is the nuclear power project given under the RAPP quota for Units 7 and 8,” said Praveen Sood, group CFO, HCC. The letter of intent for this project is likely to be given within this month.
The contract, if awarded, would comprise developing a Pressurised Heavy Water Reactor (PHWR) for Unit 7 and Unit 8 under the RAPP quota, each unit having an expected capacity of 700MW each. The investment in such projects is being quoted at around Rs8 crore per MW. Both these units are expected to start commercial operations by 2016.
In addition, the HCC Group, which also has a wide presence in the road sector, plans financial closures for one of the three road projects currently in its kitty. “We plan to achieve financial closure for one of the three road projects that we have, this month,” said Mr Sood. He refused to divulge any further details of the financial closure.
HCC had been awarded three National Highways Authority of India (NHAI) projects to develop three contiguous sections of approximately 256 km length between Bahrampore to Dalkhola on NH-34 in West Bengal on a build-operate-transfer basis. Financial closure for one of these three projects is expected to take place this month. — Amritha Pillay