24-09-201924-09-2019 12:21:27 IST
2019-09-24T06:51:27.489Z24-09-2019 2019-09-24T06:51:22.971Z - - 08-04-2020
Andhra Pradesh government is most likely to award the Polavaram project's hydel power plant and main concrete works to Megha Engineers and Infrastructures Limited (MEIL). Incidentally, MEIL was the only firm that participated in the re-tendering process.
The Andhra Pradesh government claimed that it has saved Rs 780 crores of public money by re-tendering. The government said that the proposal that MEIL came up with was 12.6% lower than the previous contractor, Navayuga Engineering.
This is the second big project that MEIL has been involved in as the infrastructure and engineering firm was also involved in the Kaleshwaram project in Telangana.
The state government had called for re-tender of projects worth Rs 4,987 crore in the Polavaram project, with MEIL bidding for Rs 4,359 crore, resulting in savings worth Rs 628 crore. With additional savings of Rs 152 crore in Part B of the hydel project, the government claims that the savings will add up to Rs 780 crore.
However, there is a small hiccup for the MEIL in initiating the works on Polavaram project. While the government is likely to give the project to the firm, the chief engineer of the project informed the water resource department that to conduct reverse tendering process, at least two bidders were required. As MEIL was the sole participant of the reverse tendering, there wasn't any provision which could initiate it.
Earlier last week, the state government in a similar announcement said that it saved Rs 58 crores from the first reverse tendering on one part of Polavaram project which was bagged by Max Infra (I) Ltd.
Last week, the state government had announced that nearly Rs 58 crore had been saved from the first reverse tendering of one package of the Polavaram project, with the firm Max Infra (I) Ltd bagging the contract.
After coming to power in May, the YSRCP government, alleging the erstwhile TDP government of corruption had cancelled all the contracts related to Polavaram project and called for a re- tendering.
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