The central government of India plans to resume the auction of Ultra Mega Power Projects (UMPPs) in the next two months and is finalising the proposed UMPPs to be offered. Under the new norms, the proposed UMPPs will have two special purpose vehicles (SPVs), one for the land and coal blocks (leased out to the bidders for 30 years) and the other to own requisite regulatory clearances (transferred to the successful bidders). The Ministry of Coal has deallocated three coal blocks attached with the proposed Bedhabahal UMPP in Odisha, namely Meenakshi, Meenakshi-B and Dipside, that had been awarded to Odisha Integrated Power and that will be transferred to another special purpose vehicle called Odisha Infra Power, attached to the Odisha UMPP.
The Ministry plans to propose five UMPPs, including the Odisha UMPP and the Cheyyur UMPP in Tamil Nadu. So far, the government has identified land in Banka (Bihar), Deogarh (Jharkhand) and Etah (Uttah Pradesh), along with two additional sites in Odisha to develop UMMPs.
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