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3 cos for 450MW Sirajganj power plant pre-qualified PDF Print E-mail
Tuesday, 08 January 2008

Staff Correspondent
The government on Sunday approved the selection of three international companies out of the five that had applied for pre-qualification to take part in the bidding for setting up the 330MW-450MW Sirajganj independent power plant.

The selected companies are the Korea Electric Power Corporation of South Korea, the AES Corporation of the United States and a consortium of the Powertek Berhad of Malaysia and the Siemens Project Ventures GmbH of Germany.

The tender evaluation committee, headed by Power Cell’s director-general Abdul Jalil, recommended the selection of these companies but disqualified a joint venture of the Summit Industrial Mercantile Corporation Ltd of Bangladesh and the GE Energy of the United States and the YTL Power International Berhad of Malaysia as they reportedly did not fulfil the pre-qualification criteria.

The Power Division on Sunday approved the tender evaluation committee’s recommendations. The selected companies will be asked to submit technical and financial tenders soon for the power plant from where the Power Development Board will purchase electricity for 22 years after it is installed.

The tender evaluation committee in its report said that the lead sponsor of the Summit-GE consortium did not have a balance of $100 million while YTL did not fulfil many of the selection criteria.

The omission of the Summit-GE from the list, however, surprised many power officials as the consortium, along with Powertek-Siemens, was conditionally selected for participating in the bidding for the 450MW Bibiyana independent power plant that had similar pre-qualification criteria.

The same tender evaluation committee, headed by Jalil in November, asked the Summit-GE and Powertek-Siemens consortiums to submit their financial statements as per the International Accounting Standard by mid-January.

The tender committee directly pre-qualified Korea Electric Power Corporation of South Korea and the AES Corporation of the United States along with Chevron Corporation for the Bibiyana plant tender.

When he was asked why the Summit-GE consortium was omitted from the Sirajganj tender, a member of the tender committee said that it was the consultant, Asian Development Bank, which recommended that the consortium should not be selected.

‘The consultant for the Bibiyana plant was the International Finance Corporation of the World Bank group. It recommended conditional selection of the Summit-GE. But the ADB did not recommend it for Sirajganj as the consortium does not have a balance of $100 million,’ he said. ‘We could not ignore the recommendations of the consultant,’ he added.

Regarding the fate of the Summit-GE consortium with regard to the Bibiyana tender, he said that after the consortium submits its financial statement it will be clear whether it can meet all the criteria.

When contacted, Jalil declined to comment on the issue.

The Summit Group was about to get the contract to set up the Sirajganj plant jointly with PDB during the BNP-Jamaat government’s tenure but the Prime Minister’s Office rejected the proposal at the last moment.

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