The Chenab Valley Power Corporation has cancelled the offer of a consortium to construct 1000-MW PakalDul hydropower project citing “substantially high prices” quoted by the bidder. The consortium had emerged lowest bidder for the project last year. An official said authorities at Chenab Valley Power Projects Private Limited (CVPPPL) on Tuesday cancelled the tender of the consortium of Mumbai-based Patel Engineering, Limak of Turkey and GoI owned BHEL citing substantially higher prices quoted by it in comparison to estimated cost worked out by the company. “… it was found that…
Read MoreAfter year tender of lowest bidder cancelled for PakalDul Power Project
