Five cos qualify to submit final bid for Bibiyana plant
Wednesday, 5 December 2007
Five firms have come out as pre-qualified bidders to stake a claim to the proposed 450-mw Bibiyana Power Plant project on completion of the evaluation of their pre-qualification (PQ) bids, reports UNB.
The five pre-qualified bidders are Korea Electric Power Corporation of South Korea, AES Corporation of the US, Chevron Corporation of the US, the consortium of Powertek Berhad of Malaysia and Siemens Project Ventures GmbH of Germany, and the consortium of Summit Industrial Mercantile Corporation Limited of Bangladesh and GE Energy LLC of the US.
Power Cell, the reform implementation wing of the Power Ministry, Tuesday announced the PQ-assessment results, after scrutinising the initial offers of a total of six PQ bidders.
Now, the five pre-qualified bidders will be asked to submit the financial and technical offers to the government for final bidding under the Request for Proposal (RfP) format, which is expected to take place in the first quarter of the next year.
Among the six aspirants, the Malaysia-based YTL Power International failed to qualify in the pre-qualification round of bidding, as its statement was found "non-compliant with the pre-qualification criteria", the Power Cell said in a release.
However, the first three of the five pre-qualified bidders - Korea Electric, AES Corporation and Chevron Corporation - were fully pre-qualified, while the consortium of Powertek-Siemens and the consortium of Summit-GE have been conditionally selected for the next round.
The Power Cell said, the consortium of Powertek-Siemens and the consortium of Summit-GE have conditionally qualified, pending their submission within 45 days of the revised financial statements compliant with the International Accounting Standard (IAS).
"The submission of IAS financial statement was a requirement of the qualification package to allow the government to verify the financial strength of the applicants," the Power Cell also said.
A seven-member tender-evaluation committee, headed by Power Cell Director General Abdul Jalil, conducted the PQ evaluation.
As per the bidding proposal, the finally winning private sponsor will have to implement the Bibiyana Power project on Build-Own-Operate (BOO) basis as independent power producer (IPP) in accordance with the Private Sector Power Generation Policy 2004.
The state-owned Power Development Board (PDB) will purchase electricity from the plant for about 22 years.
The five pre-qualified bidders are Korea Electric Power Corporation of South Korea, AES Corporation of the US, Chevron Corporation of the US, the consortium of Powertek Berhad of Malaysia and Siemens Project Ventures GmbH of Germany, and the consortium of Summit Industrial Mercantile Corporation Limited of Bangladesh and GE Energy LLC of the US.
Power Cell, the reform implementation wing of the Power Ministry, Tuesday announced the PQ-assessment results, after scrutinising the initial offers of a total of six PQ bidders.
Now, the five pre-qualified bidders will be asked to submit the financial and technical offers to the government for final bidding under the Request for Proposal (RfP) format, which is expected to take place in the first quarter of the next year.
Among the six aspirants, the Malaysia-based YTL Power International failed to qualify in the pre-qualification round of bidding, as its statement was found "non-compliant with the pre-qualification criteria", the Power Cell said in a release.
However, the first three of the five pre-qualified bidders - Korea Electric, AES Corporation and Chevron Corporation - were fully pre-qualified, while the consortium of Powertek-Siemens and the consortium of Summit-GE have been conditionally selected for the next round.
The Power Cell said, the consortium of Powertek-Siemens and the consortium of Summit-GE have conditionally qualified, pending their submission within 45 days of the revised financial statements compliant with the International Accounting Standard (IAS).
"The submission of IAS financial statement was a requirement of the qualification package to allow the government to verify the financial strength of the applicants," the Power Cell also said.
A seven-member tender-evaluation committee, headed by Power Cell Director General Abdul Jalil, conducted the PQ evaluation.
As per the bidding proposal, the finally winning private sponsor will have to implement the Bibiyana Power project on Build-Own-Operate (BOO) basis as independent power producer (IPP) in accordance with the Private Sector Power Generation Policy 2004.
The state-owned Power Development Board (PDB) will purchase electricity from the plant for about 22 years.