Bidders in 360 megawatt project get extension
The Office of Utilities Regulations (OUR) has extended the deadline for the five entities vying to take on the government’s 360 megawatt project to submit final proposals.
The OUR says the bidders had made several requests for more time and it has now decided to grant an adjustments to the close-off date.
The deadline has moved from Monday, June 17 to Monday, July 29.
As a result of the change, the OUR says it will also have to push back its timeline to have the project completed.
The OUR says it now expects to complete evaluation of the proposals by August 28 and finalise negotiation by November 21.
It further says construction of the plant is expected to begin on January 20, 2014 and to be commissioned in January 2016.
The 360 megawatt project is part of efforts by the government to expand the supply of energy for the national grid.
The aim is to cut the country’s oil import bill as well as to bring down the cost of electricity.
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