Four cos qualify primarily for setting up Bibiyana power plant
Monday, 14 September 2009
FE Report
Four companies including three local and their joint venture partners qualified primarily for installing the 450 megawatts (MW) Bibiyana power plant in the northeastern Sylhet region, officials said Sunday.
Summit Industrial and Mercantile Corporation (Pvt) Ltd and its partner GE Energy LLC Bangladesh, Shasha Denims and its joint venture partner MPC Consortium of Meiya Power Company Ltd (Hong Kong) have come up as the pre-qualified sponsor for setting up the power plant.
Local Otobi Ltd along with Asian Entech Power Corporation Ltd and their joint venture partners China National Machinery and Equipment Import and Export Corporation (CMEC) also pre-qualified as local company for the project.
The Malaysian YTL Power International Berhard is the lone foreign company emerging as the pre-qualified sponsor for the Bibiyana 450mw project.
Three foreign companies failed to become pre-qualified for setting up the Bibiyana power plant.
"We have submitted recommendation to the power ministry regarding pre-qualification of the Bibiyana project for final approval," Acting Power Cell Director General Abdul Mannan told the FE Sunday.
Seven companies - three local and their joint venture partners and four foreign companies - had submitted pre-qualification documents in April last showing interest to install the 450 mw gas-fired Bibiyana power plant.
The Bibiyana power plant will be implemented on a build, own and operate (BOO) basis in pursuant to a 22-year implementation agreement.
The government will provide necessary land and required gas to the selected sponsors for generating electricity.
It will also purchase electricity from the selected sponsor at its offered rate.
Estimated cost for installing the Bibiyana plant would be over $300 million.
This is, however, the second tender for setting up the Bibiyana 450 MW independent power plant (IPP) in the country's northeastern region.
The power ministry last year had floated international tender to install the IPP but later scrapped it as the lone responsive bidder Malaysian Powertek consortium offered higher tariff rate for sale of electricity from the plant.
Four companies including three local and their joint venture partners qualified primarily for installing the 450 megawatts (MW) Bibiyana power plant in the northeastern Sylhet region, officials said Sunday.
Summit Industrial and Mercantile Corporation (Pvt) Ltd and its partner GE Energy LLC Bangladesh, Shasha Denims and its joint venture partner MPC Consortium of Meiya Power Company Ltd (Hong Kong) have come up as the pre-qualified sponsor for setting up the power plant.
Local Otobi Ltd along with Asian Entech Power Corporation Ltd and their joint venture partners China National Machinery and Equipment Import and Export Corporation (CMEC) also pre-qualified as local company for the project.
The Malaysian YTL Power International Berhard is the lone foreign company emerging as the pre-qualified sponsor for the Bibiyana 450mw project.
Three foreign companies failed to become pre-qualified for setting up the Bibiyana power plant.
"We have submitted recommendation to the power ministry regarding pre-qualification of the Bibiyana project for final approval," Acting Power Cell Director General Abdul Mannan told the FE Sunday.
Seven companies - three local and their joint venture partners and four foreign companies - had submitted pre-qualification documents in April last showing interest to install the 450 mw gas-fired Bibiyana power plant.
The Bibiyana power plant will be implemented on a build, own and operate (BOO) basis in pursuant to a 22-year implementation agreement.
The government will provide necessary land and required gas to the selected sponsors for generating electricity.
It will also purchase electricity from the selected sponsor at its offered rate.
Estimated cost for installing the Bibiyana plant would be over $300 million.
This is, however, the second tender for setting up the Bibiyana 450 MW independent power plant (IPP) in the country's northeastern region.
The power ministry last year had floated international tender to install the IPP but later scrapped it as the lone responsive bidder Malaysian Powertek consortium offered higher tariff rate for sale of electricity from the plant.