MUMBAI, Dec 13 (Reuters) - India's Tata Power Co <TTPW.BO>,
Reliance Energy <RLEN.BO> and GMR Infrastructure <GMRI.BO> have
submitted separate bids for Singapore's Tuas Power, whose sale
could fetch as much as $2 billion, two newspapers said on
Thursday.
Singapore state investor Temasek Holdings [TEM.UL] had set a
Wednesday deadline for the bids for Tuas Power, the first of
three power firms it hopes to sell by June 2009.
The Business Standard newspaper said Tata Power and Reliance
Energy had bid on their own, while GMR had teamed up with
Australia's Macquarie Bank <MBL.AX> and Kuwait's sovereign wealth
fund.
The Economic Times, quoting unnamed sources, said 15
companies and funds had submitted non-binding bids.
A spokesman for Reliance Energy said he would not comment,
while a Tata Power spokeswoman could not be immediately reached.
Last week, a source told Reuters that Temasek would shortlist
up to six bidders who would be allowed to carry out due diligence
before making a final offer.
The Singapore government hopes to announce the winning bidder
by the first quarter of next year.
(Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)
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Keywords: TUAS INDIA/