Finally, two Japanese bidders submit tender for Matarbari

Two short-listed Japanese bidders, yesterday, submitted tender documents for the implementation of 1,200MW coal-based power plant at Matarbari in Cox’s Bazar. The two Japanese bidders—Marubeni and Sumitomo—had been shortlisted, following their submission of expression of interest (EoI).
During a press meet at the secretariat, state minister for power, energy, and mineral resources, Nasrul Hamid, said that the bidding by the two Japanese companies has eased doubts regarding the completion of this mega-project. “After the terrorist attack in Gulshan on July 1, the project work was stalled for six months. Now, with the submission by Marubeni and Sumitomo, the project work has been set in motion again.”
When asked whether the six-month delay would impact the project completion schedule, Nasrul said that they will try to expedite the process by squeezing all the work in a tight and compact schedule.
Tawfique-E-Elahi Chowdhury, the energy advisor to the Prime Minister, said that there is no longer a fear of terrorist attacks in Bangladesh. “Within six months, we have been successfully able to create confidence among our Japanese friends to come here and submit their bids. I consider this a success.”
Earlier, the bidders had requested the company to adjourn the tender submission process for the construction of Matarbari power plant, for an indefinite period, citing security reasons following the terrorist attack at the Holey Artisan restaurant at Gulshan.
Following the request, CPGCBL pushed the tender submission deadline back by six month, from the original deadline of July 24.
Now, with the bidding process open from Tuesday, the project work has started again.
The Matarbari plant will have an installed capacity of 1,200 MW, with two units producing 600 MW each. It will use imported coal to meet the rapidly rising power demand. The government is building the Matarbari coal-fired power plant to ease the electricity shortage in the country. The project also includes a deep-sea port near the plant for handling coal imports for the plant.
For the implementation of the project, CPGCBL will borrow US$ 3.7 billion from the Japan International Cooperation Agency (JICA), at an annual interest rate of 0.1 per cent over 30 years, with a 10-year moratorium period. The remaining money will come from government funds.

 

Finally, two Japanese bidders submit tender for Matarbari

Two short-listed Japanese bidders, yesterday, submitted tender documents for the implementation of 1,200MW coal-based power plant at Matarbari in Coxs Bazar. The two Japanese biddersMarubeni and Sumitomohad been shortlisted, following their submission of expression of interest (EoI). During a press meet at the secretariat, state minister for power, energy, and mineral resources, Nasrul Hamid, said that the bidding by the two Japanese companies has eased doubts regarding the completion of this mega-project. After the terrorist attack in Gulshan on July 1, the project work was stalled for six months. Now, with the submission by Marubeni and Sumitomo, the project work has been set in motion again. When asked whether the six-month delay would impact the project completion schedule, Nasrul said that they will try to expedite the process by squeezing all the work in a tight and compact schedule. Tawfique-E-Elahi Chowdhury, the energy advisor to the Prime Minister, said that there is no longer a fear of terrorist attacks in Bangladesh. Within six months, we have been successfully able to create confidence among our Japanese friends to come here and submit their bids. I consider this a success. Earlier, the bidders had requested the company to adjourn the tender submission process for the construction of Matarbari power plant, for an indefinite period, citing security reasons following the terrorist attack at the Holey Artisan restaurant at Gulshan. Following the request, CPGCBL pushed the tender submission deadline back by six month, from the original deadline of July 24. Now, with the bidding process open from Tuesday, the project work has started again. The Matarbari plant will have an installed capacity of 1,200 MW, with two units producing 600 MW each. It will use imported coal to meet the rapidly rising power demand. The government is building the Matarbari coal-fired power plant to ease the electricity shortage in the country. The project also includes a deep-sea port near the plant for handling coal imports for the plant. For the implementation of the project, CPGCBL will borrow US$ 3.7 billion from the Japan International Cooperation Agency (JICA), at an annual interest rate of 0.1 per cent over 30 years, with a 10-year moratorium period. The remaining money will come from government funds.