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Sunday, July 7, 2019

Tanahun Hydro Project: Four companies submit bids for dam construction

Kathmandu, July 8

Four companies have shown interest to construct a dam for the Tanahun Hydropower Project.

Four companies, including a consortium of Nepali entity, have submitted quotations for the construction of different structures for the 150-MW project.

China Gezhouba Group Company, Xino Hydro Corporation Limited, China National Electric Engineering Corporation Limited and Xong Da Corporation Vietnam Kalika Construction Nepal JV have submitted proposals for the project.

Pradeep Kumar Thike, managing director of Tanahun Hydropower Limited, informed that the financial proposal of effective companies would only be opened following the assessment of technical proposals.

The technical and financial proposals were solicited from interested companies in line with the Procurement Directives of the Asian Development Bank.

The evaluation of the technical proposals will be carried out by August end and will be sent to ADB for consent and the financial proposals will be opened after the ADB consent.

As per the schedule, contract signing will be done by October 31 and the contractors will be mobilised in the project site by mid-December.

Tanahun Hydro on April 25 had resolicited bids from international companies following termination of contract with Italian Company CMC for the construction of structures in the project.

Total cost of the project is $ 505 million.

Loan agreement between donor agencies and Nepal government as well as auxiliary loan agreements between Nepal government and Nepal Electricity Authority (NEA) and NEA and the Company have already been signed.

The project is aimed to complete its construction works by June end of 2024.

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