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EGCB floats tenders on solar, wind power plants

FE Report | November 14, 2018 00:00:00

The Electricity Generation Company of Bangladesh Limited (EGCB) floated two separate tenders last week, inviting separate joint venture (JV) partners to implement a 100 megawatt (MW) solar power plant and a 10 MW wind-based power plant at Sonagazi in Feni district.

The state-run company requested interested parties to submit Expression of Interests (EOIs) within the bid submission deadline on December 19 this year.

Through these tenders, the ECCB intends to identify and select prospective JV partners to enter into separate memoranda of understanding (MoUs) and subsequently into JV agreements to implement the projects.

The EGCB and selected JV partners would establish special purpose vehicles, which will be tasked with, among other things, arranging finance, selecting an EPC (engineering, procurement and construction) contractor, developing land and infrastructure, managing O&M (operation and management) services, and regulating the sales of power from the plants.

These projects are parts of the EGCB's plan to diversify its mix of power generation assets, which currently consist of three thermal power plants totaling 840 MW.

The company recently acquired 999.65 acres of land for the solar and wind power projects.

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