Siddhirganj power plant bid submission time extended
Wednesday, 25 March 2009
FE Report
The power ministry has extended the bid submission deadline for installation of the 300-megawatt (MW) Siddhirganj peaking power plant by over a month, officials said Tuesday.
The new deadline for submission of bids has been fixed on April 30 for setting up the gas-based power plant project on turnkey basis at Siddhirganj, some 20 kilometres south east of the capital.
The previous deadline expired on March 23 (Monday).
The state-owned Electricity Generation Company of Bangladesh (EGCB), the implementing authority of this project, has extended the bid submission deadline to ensure better participation, said a company official.
This is, however, the second power plant project that got extension of bid-submission deadline during the first three months of the newly elected Awami League-led government.
Augmenting electricity generation across the country to ease the nagging electricity crisis is one of the top agendas of the government as it mentioned in the electoral manifesto.
In February last the power ministry extended the deadline for submission of pre-qualification documents for installing the 450 megawatts (MW) gas-fired Bibiyana power plant by one and a half months.
The deadline for submission of pre-qualification documents for Bibiyana power project is April 23 next.
The International Development Association (IDA) of the World Bank (WB) is set to provide US$350 million as credit for implementation of the 300MW (2X150) peaking power plant at Siddhirganj.
The government has received the credit from the IDA to apply part of the fund to pay for supply and installation of the power plant project, a senior EGCB official said.
The multilateral donor agency approved the IDA credit of $350 million for installing the Siddhirganj peaking power plant on October 30, 2008.
The WB will also finance the laying of a 60 km natural gas pipeline from Bakhrabad to Siddhirganj that will improve the reliability of gas supply to the Siddhirganj power plant, and an 11 km electricity transmission line to ensure that power generated from the plant can be distributed to consumers.
Maturity period for this credit is 40 years with a 10-year grace period.
The bid submission deadline for 450MW Bibiyana power plant was earlier extended mainly for non-availability of guarantee from the WB, a senior power ministry official said.
The multilateral donor agency is yet to confirm its commitment although the tender process is in progress, he said.
During the first time bidding of the Bibiyana power plant project last year, the WB was committed to provide $300 million, he added.
The ministry scrapped last year's tender as the lone responsive bidder -- the Malaysian Powertek consortium -- offered higher electricity tariff compared to the existing rates charged by big power plants.
The power ministry has extended the bid submission deadline for installation of the 300-megawatt (MW) Siddhirganj peaking power plant by over a month, officials said Tuesday.
The new deadline for submission of bids has been fixed on April 30 for setting up the gas-based power plant project on turnkey basis at Siddhirganj, some 20 kilometres south east of the capital.
The previous deadline expired on March 23 (Monday).
The state-owned Electricity Generation Company of Bangladesh (EGCB), the implementing authority of this project, has extended the bid submission deadline to ensure better participation, said a company official.
This is, however, the second power plant project that got extension of bid-submission deadline during the first three months of the newly elected Awami League-led government.
Augmenting electricity generation across the country to ease the nagging electricity crisis is one of the top agendas of the government as it mentioned in the electoral manifesto.
In February last the power ministry extended the deadline for submission of pre-qualification documents for installing the 450 megawatts (MW) gas-fired Bibiyana power plant by one and a half months.
The deadline for submission of pre-qualification documents for Bibiyana power project is April 23 next.
The International Development Association (IDA) of the World Bank (WB) is set to provide US$350 million as credit for implementation of the 300MW (2X150) peaking power plant at Siddhirganj.
The government has received the credit from the IDA to apply part of the fund to pay for supply and installation of the power plant project, a senior EGCB official said.
The multilateral donor agency approved the IDA credit of $350 million for installing the Siddhirganj peaking power plant on October 30, 2008.
The WB will also finance the laying of a 60 km natural gas pipeline from Bakhrabad to Siddhirganj that will improve the reliability of gas supply to the Siddhirganj power plant, and an 11 km electricity transmission line to ensure that power generated from the plant can be distributed to consumers.
Maturity period for this credit is 40 years with a 10-year grace period.
The bid submission deadline for 450MW Bibiyana power plant was earlier extended mainly for non-availability of guarantee from the WB, a senior power ministry official said.
The multilateral donor agency is yet to confirm its commitment although the tender process is in progress, he said.
During the first time bidding of the Bibiyana power plant project last year, the WB was committed to provide $300 million, he added.
The ministry scrapped last year's tender as the lone responsive bidder -- the Malaysian Powertek consortium -- offered higher electricity tariff compared to the existing rates charged by big power plants.