Projects Today reported that CESC, Reliance Infrastructure and Mumbai based Glodyne Technoserve are in fray to be franchise power distributor in Patna, Bihar.

Financial bids are expected to be opened on June 30th 2009.

Bihar had invited bids for franchise power distributors in Patna, Gaya, Muzaffarpur and Bhagalpur circles. As per the bid regulation, the contenders for Patna were required to bid for at least 1 additional circle out of the residual 3. While R-Infra bid for all 4 circles, CESC bid for Patna and Muzaffarpur and Glodyne bid for Patna and Gaya.

Apart from R-Infra and Glodyne, Enzen Global is the third contender for Gaya. Muzaffarpur received 2 bids and Reliance Infra is the sole bidder for Bhagalpur.

Meanwhile, the contracts are expected to be awarded within the next 6 months. Bihar State Electricity Board has appointed IL&FS for bid evaluation.

(Sourced from Projects Today)