Competition Commission of India (CCI) rejected the complaint of Transparent Energy that Tecpro Systems was offering predatory bids for contracts to set up Waste Heat Recovery Power Plants (WHRPP).
Transparent Energy lodged a complaint with CCI that Tecpro Systems continuously won orders from cement companies, the latest being in June 2012, by quoting abnormally low prices, which could not be justified as per the standard norms for working out cost in project related systems like WHRPP.
Tecpro entered into an agreement with China-based Nanjing Triumph Kaineng Environment and Energy Company for supply of Boilers, Turbine and Generators ( BTG).
After this agreement, Tecpro entered in the Indian market of setting up Waste Heat Recovery Power Plants in 2011 and owing to its collaboration with the Chinese firm it quoted very low prices in all bids.
Transparent Energy further said that Tecpro was dominant player, holding about 50 per cent market in terms of number of projects after its collaboration with the Chinese firm.
In its order on June 6, CCI said: "The arguments raised by the applicant (Transparent Energy) that the prices quoted by the Opposite Party (Tecpro Systems) were unfair or predatory has no force".
It further said: "it cannot consider the quotations given by another bidder predatory simply because the bidder continuously got contracts for five projects".