Two International Consortia Bid for Iranian Power Project
October 17, 2000 - 0:0
LONDON The construction of a new independent power plant in Iran has attracted two international consortia to join the bidding contest, according to the London-based Middle East Economic Digest (MEED).
The project involves the construction of the 900 MW gas-fired combined cycle power plant called Parehsar' near the city of Rasht, 200 miles north of Tehran.
Japan's Nissho Iwai corporation and Saudi Ogar together with a European power developer are members of one consortium, which has submitted its bid, MEED added.
The other bidding consortium includes the Turkish subsidiary of Brussels-based unit international and the local firm, Iran Power Plant Projects Management Company (MAPNA).
The deadline for the bids received by Iran Power Development Company (IPDC) was September 23.
When complete, the $600m power plant could be the first independently built and run power plant in Iran, although the weekly suggested "at least four" independent power projects are "planned" for tendering by "the end of 2001." IPDC has been negotiating with the Jeddah-based Islamic Development Bank (IDB) since 1990 over guarantee conditions for the first $62.5m tranche of an IDB loan for a 900-1,000 MW independent power plant in Kerman.
"The Iranian side is offering guarantees against expropriation and is guaranteeing hard currency repatriation," it noted adding one of the bidders believes negotiations will take some time, as such a project is a new concept in Iran thereby "requiring prolonged discussion." (IRNA)
The project involves the construction of the 900 MW gas-fired combined cycle power plant called Parehsar' near the city of Rasht, 200 miles north of Tehran.
Japan's Nissho Iwai corporation and Saudi Ogar together with a European power developer are members of one consortium, which has submitted its bid, MEED added.
The other bidding consortium includes the Turkish subsidiary of Brussels-based unit international and the local firm, Iran Power Plant Projects Management Company (MAPNA).
The deadline for the bids received by Iran Power Development Company (IPDC) was September 23.
When complete, the $600m power plant could be the first independently built and run power plant in Iran, although the weekly suggested "at least four" independent power projects are "planned" for tendering by "the end of 2001." IPDC has been negotiating with the Jeddah-based Islamic Development Bank (IDB) since 1990 over guarantee conditions for the first $62.5m tranche of an IDB loan for a 900-1,000 MW independent power plant in Kerman.
"The Iranian side is offering guarantees against expropriation and is guaranteeing hard currency repatriation," it noted adding one of the bidders believes negotiations will take some time, as such a project is a new concept in Iran thereby "requiring prolonged discussion." (IRNA)