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Seven cos bid for Bibiyana power plant construction

Friday, 24 April 2009


M Azizur Rahman
Seven pre-qualification documents have been submitted on the closing day Thursday for the installation of the 450 megawatts (MW) gas-fired Bibiyana power plant, officials said.
This is the first ever document submission for setting up of a power plant under the new Awami League-led government in the country.
The government took office in January 2009 with pledges to augment electricity generation to 5,000 MW from the current 3,500 MW by 2011, and to 7,000 MW by 2013.
Three local companies and their joint venture partners along with four foreign companies have submitted the documents for setting up the 450 MW independent power plant (IPP) at Bibiyana in the country's northeastern region.
The local companies and their joint ventures that submitted the pre-qualification documents include 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).
Local Otobi Ltd and Asian Entech Power Corporation Ltd have submitted documents jointly with China National Machinery and Equipment Import and Export Corporation (CMEC), Shenzen Shenwan Power Gas Turbine Engineering Technique Company Ltd (NSRD).
Two UK-based companies -Independent Power Corporation PLC, England and Globeleq Advisers Ltd, England -- have submitted documents independently for construction of the plant.
Two Malaysian companies - YTL Power International Berhard, Malaysia and Ranhill Berhard, Malaysia - also submitted documents separately.
This submission of pre-qualification document is, however, the second attempt to setting up the Bibyana 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 bidder Malaysian Powertek consortium offered higher tariff rate for sale of electricity from the plant.
The plant to be installed near the Chevron operated country's largest Bibiyana gas field will consume around 80 million cubic feet of gas per day (mmcfd) to generate 450MW of electricity.
The plant will be implemented on a build, own and operate (BOO) basis and 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.