Govt extends bid submission deadline further

Dhaka,  Sun,  04 December 2016
Published : 29 Nov 2016, 21:13:14
Matarbari power plant

Govt extends bid submission deadline further

The government has once again extended the tender submission deadline for 1200 MW Matarbari coal-fired power plant, reports UNB.

As per latest decision, now the deadline for final bid submission is January 31 which was scheduled for November 24, said sources at the Power Division.

At the request of the aspirant bidders and subsequent discussion with project financing agency JICA and also Japanese Embassy, the government has decided to extend the deadline for the bid submission until January 31, said the sources.

Contacted, Managing Director of state-owned Coal Power Generation Company Bangladesh Limited (CPGCBL) Abul Quasem admitted the time extension.

He also said that all the bidders concerned were informed about the time extension through a letter dated November 21.

With this latest move, the time for the final bid submission of the Matarbari project has been extended four times.

Following the terrorist attack on the Holey Artisan Bakery at Gulshan on 1 July that killed 22 people, including seven Japanese nationals, the government had to extend the bid submission time thrice fixing 24 November as the 'last' deadline.

But again two aspirant bidders and also JICA made a request in the middle of the current month for further extension of time until security situation improves to a 'satisfactory level' since the terror attack. The government initially turned down the request but finally entertained it.

Two Japanese firms -- Marubeni Corporation and Sumitomo Corporation -- had been vying for the government 'fast-track project'. In the expression of interest (EOI) process, both bidders were qualified and asked to submit final bid through request for proposal (RFP) process.

The Bangladesh government undertook the costly power project at Matarbari in Maheshkhali island off the coast of Cox's Bazar with the Japan International Cooperation Agency's $3.7 billion loan support.

It is to be implemented in line with the Japan's South Asian strategic plan titled "Bay of Bengal Industrial Growth Belt (BIG-B)" revealed by Japanese prime minister Shinzo Abe during a trip to Dhaka in 2014.

JICA is providing the loan at an annual interest rate of 0.1 per cent over 30 years with an initial ten-year grace period.

The government is keen to prioritise implementation of the Matarbari project, targeting a start date in January 2017, before going into operation in 2023. But the project implementation has already gone four months behind the schedule following time extension after the terrorist attack.
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