Ghorashal power project bidding prices opened

Staff Correspondent
The Power Development Board (PDB) yesterday opened price offers of six bidders in the 450-megawatt Ghorashal combined cycle power project. The PDB, however, restricted entry of more than one official per bidder at the price opening event, which is an open event to ensure transparency. The lowest price offer of the bidders will be disclosed after primary evaluation, said PDB officials. The six bidders are Japanese Marubeni and Korean Hyundai joint venture; Altom (Swiss) and Alstom (India) joint venture; Chinese companies Sinohydro and Sepco; Joint venture of CNTIC and CMC; and Shanghai Electric Company. Under the tender terms, the bidders will arrange loan for the PDB and engineer, procure and construct (EPC) the plant. The PDB will provide sovereign guarantee for the loan.