PSU PRESS RELEASE
Defaulter firms may be barred from bidding for power generation and transmission projects
NEW DELHI: Companies that have defaulted in setting up any government infrastructure project are likely to be barred from bidding for power sector generation and transmission projects, a senior government official said.
The proposal has been incorporated in the bid documents for ultra mega power projects (UMPPs) that are likely to be taken up for discussion by the Union Cabinet soon. It is also likely to be replicated in the new bidding format for power transmission projects, the official said. The clause that bars companies from securing more than three UMPPs has been retained.
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