Assocham seeks review of bidders' qualificationfor transmission units
The Associated Chambers of Commerce and Industry of India (Assocham) has urged the government to tighten the qualification criteria for companies bidding on transmission projects. The industry body argues that the current framework, which allows firms with broad infrastructure experience to participate, may lead to delays. Assocham recommends that eligibility be based on specific project parameters like value, voltage class, and complexity.
This move could significantly impact the competitive landscape for transmission infrastructure. If implemented, it would raise the entry barrier, potentially favoring established players with deep technical expertise. For investors, this signals a potential shift towards higher quality execution in the power sector. The focus will now be on the government's response and whether these recommendations are incorporated into the upcoming tender guidelines.
Excerpt from Economic Times
Assocham has suggested that the ministry improve technical qualification requirements for companies involved in transmission projects. This proposal aims to ensure that only experienced developers participate in the bidding process. The current framework allows companies to qualify based on broad infrastructure…Read the original at Economic Times
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