The government is examining a proposal to bid out UMPPs to meet the rising power demand in the country, Power Minister R K Singh said Tuesday.
“If I bid them (Ultra Mega Power Projects ) out today it would take 4-5 year to fructify, by that time demand would have again accelerated. So I think, the time has come to start bidding out UMPPs,” he said addressing 98th Annual session of Assocham here.
UMPPs are 4,000 MW super thermal power projects (both pit head and imported coal based).
The UMPP programme was launched in November 2005 with an objective to develop large capacity power projects in India by providing to developers services like land, coal, fund tie-up and clearances under one roof. Read more