A number of national and multinational power companies are vying to join Cochin Refineries Ltd. (CRL) in its proposed 500-MW, gasified-resid cogeneration power project.
As many as 21 bids have been received by the state oil refiner for the project, to be based on gasifying vacuum resid, which CRL has in surplus, to generate electric power. A choice of technology is pending completion of a feasibility study.
Among the bidders are Marubeni Corp., Mitsubishi Corp., Enron Corp., and Indian state-owned firms National Thermal Power Corp. and Bombay Suburban Electric Supply.
K.L.Kumar, CRL chairman and managing director, said the refinery is negotiating with the Kerala State El...