Bihar State Power (Holding) Company Ltd (BSPHCL) is working out details to lower the benchmark price of Rs 4.13 per unit to float fresh tenders for selection of distribution franchise for Patna Electric Supply Undertaking (Pesu) area.
The power company did not receive a single bid from private power firms even in its fourth attempt in 2013 to appoint distribution franchisee for Patna. The benchmark price of Rs 4.13 per unit, the rate at which the private power firm (distribution franchisee) would have to buy power from the holding company, was the ostensible reason behind the lack of response.
Sources said the process to revise the benchmark price of Rs 4.13.
“The tariff reserve price (benchmark price) was higher because it was prepared on the basis of 2011-12 data that included the bills for fuel surcharge. But the power company would now come out with the new reserve price prepared on the basis of 2012-13 data,” said BSPHCL chairman-cum-managing director Sandeep Poundrik.
“The power company would shortly invite fresh tenders for selection of distribution franchisee for Pesu area,” added Poundrik. ‘
The benchmark price is for the first year and would increase every subsequent year. The bidders wanted the benchmark price to be lowered.