AP Government to issue new bids for Polavaram Irrigation Project
POWER & RENEWABLE ENERGY

AP Government to issue new bids for Polavaram Irrigation Project

The Andhra Pradesh government under the leadership of Chief Minister Y S Jagan Mohan Reddy, is set to call for fresh tenders for the completion of construction of the Polavaram irrigation project on the Godavari river.

The work on the project had come to a standstill after the original contractor Navayuga Engineering Company Limited (NECL), who was appointed under the previous Telugu Desam government, was issued a pre-closure termination notice. The company was responsible for finishing a part of the project. The move was based on the recommendation made by an eight-member expert committee appointed by the present administration. 

Reportedly, the government will also float tenders for the 960 MW Polavaram  hydro power project as part of the main dam. The total cost of the tenders is estimated to be Rs 5,070 crore.

Currently, the Andhra Pradesh Power Generation Corporation Limited and water resources authority are combing through the details to invite tenders for both, irrigation and hydro-electric power projects. 

However, the Polavaram Project Authority (PPA) of the Union water resources ministry held a meeting where it was also noted that seeking out fresh tenders could result in additional delay in the project and might also lead to an increase in over-all cost. The possibility of loss due to delayed benefits of the projects was also an important factor that would determine the final decision to be taken, as reported. 

The Andhra Pradesh government under the leadership of Chief Minister Y S Jagan Mohan Reddy, is set to call for fresh tenders for the completion of construction of the Polavaram irrigation project on the Godavari river.The work on the project had come to a standstill after the original contractor Navayuga Engineering Company Limited (NECL), who was appointed under the previous Telugu Desam government, was issued a pre-closure termination notice. The company was responsible for finishing a part of the project. The move was based on the recommendation made by an eight-member expert committee appointed by the present administration. Reportedly, the government will also float tenders for the 960 MW Polavaram  hydro power project as part of the main dam. The total cost of the tenders is estimated to be Rs 5,070 crore.Currently, the Andhra Pradesh Power Generation Corporation Limited and water resources authority are combing through the details to invite tenders for both, irrigation and hydro-electric power projects. However, the Polavaram Project Authority (PPA) of the Union water resources ministry held a meeting where it was also noted that seeking out fresh tenders could result in additional delay in the project and might also lead to an increase in over-all cost. The possibility of loss due to delayed benefits of the projects was also an important factor that would determine the final decision to be taken, as reported. 

Next Story
Infrastructure Urban

PCMC Raises Rs 2 bn Via Maharashtra’s First Green Municipal Bond

Describing it as a landmark achievement, the Pimpri Chinchwad Municipal Corporation (PCMC) announced on Tuesday that it successfully raised Rs 2 billion through Maharashtra’s first Green Municipal Bond, drawing an overwhelming response from investors.The bond issue, launched on the BSE’s Electronic Bidding Platform via private placement, attracted bids totalling Rs 5.13 billion —more than five times the initial offer. The base issue of Rs 1 billion was fully subscribed within just one minute of opening, reflecting strong investor confidence, the civic administration said.Offered at a com..

Next Story
Infrastructure Transport

Modi Launches Rs 460B Projects, Flags Off First Direct Train to Kashmir

Prime Minister Narendra Modi will lay the foundation stone, inaugurate, and dedicate multiple development projects worth over Rs 460 billion in the holy town of Katra, the base camp of the Shri Mata Vaishno Devi Ji shrine, on Friday. This comes as he flags off the first-ever direct train to Kashmir, ending years of wait for seamless rail connectivity to the Valley.Modi will launch two Vande Bharat Express trains running between Shri Mata Vaishno Devi Katra and Srinagar on 6 June from Katra Railway Station. According to an official statement released ahead of the Prime Minister’s first visit ..

Next Story
Infrastructure Urban

NCLAT Rejects Stay On Asset Freeze Order Against Gensol Group

The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the National Company Law Tribunal’s (NCLT) order to freeze the assets of Gensol, its promoters, and associated entities.The appellate tribunal directed two Gensol Group companies—BluSmart Premium Feet and Matrix Gas and Renewable—to approach the Ahmedabad bench of the NCLT with their plea. The matter is scheduled for hearing on June 12.The asset freeze order was initially passed by a vacation bench of the NCLT on 28 May, following a petition filed by the Ministry of Corporate Affairs (MCA). The order covered..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?