MEIL bags Polavaram Project
Megha Engineering and Infrastructures (MEIL) has bagged the Polavaram Project for Rs. 4,358 crores in a reverse tendering process initiated by Andhra Pradesh government. As all the judicial and administrative decks are cleared, the company has entered an agreement with the state government and has commence work.
The contract awarded for the project by the earlier government were cancelled and the government went for reverse tendering for Polavaram headworks and hydropower station. In this process, MEIL came forward to take up the works with a 12.6 per cent less amount, ie, Rs. 4,358 crores. With this, the state government saved Rs. 628 crores to the exchequer. The state government invited the bid for Rs. 4,987 crores. MEIL is the sole bidder for the project for Rs. 4,358 crores in reverse tendering process.
The Polavaram Project is proposed to supply irrigation water for 7.2 lakh acres, 960 hydropower generation and lifting 80TMC of water to the Prakasam Barrage on Krishna river. It is also aimed to supply 23.44 TMC of drinking water to Visakhapatnam. The project will solve the drinking water problem in 540 villages adjacent to the Polavaram Project.
Soon after signing the agreement with AP state government, MEIL began the works at the site after a traditional ground-breaking ceremony. MEIL has already begun the survey, mobilised resources, especially engineering staff and machines. Since the flood is almost receded, the works are going on at a brisk pace. MEIL is gearing up to complete the Polavaram Project on a fast track mode. The company is committed to fulfilling the dreams and benefits of Andhra Pradesh state people with the extensive expertise and vast experience in completing the most complex projects in the country in the stipulated time.
@EPC World Media