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Breaking News in the Project Management World
Thursday, March 11, 2010
Four consortiums interested in building Power Plant "Kosova e Re"
Reported by Kushtrim Mehmetaj in Prishtina, Republic of Kosova
Ministry of Energy and Mining has announced four shortlisted consortiums interested to build the power plant "Kosova e Re". There was an increased interest from a wide range of companies requesting the Expressions of Interest to construct "Kosova e Re" power plant and mine project, it was said at the meeting in Ministry on March 5th 2010.
The Kosova e Re Project received Expressions of Interest from 6 consortia, comprising companies from 10 countries (USA, UK, India, Turkey, Greece etc). The Pre-Qualification Document allows the Transaction Advisors to select from applicants the qualified bidders to continue with next stages of the Project. The quality of the submissions was high, demonstrating a serious level of interest in the Kosova e Re project.
The Project Steering Committee (PSC) has decided that 4 out of the 6 applicants have submitted Expressions of Interest that met Pre-Qualification Criteria, and has therefore short-listed as potential bidders for the Project.
The four shortlisted consortiums are, as per alphabetical order:
The Transaction Advisors will soon communicate with each of the shortlisted consortiums to move on with a preliminary discussion on the Project and to provide the applicants with further details on the anticipated process and timeline for the next stages of the Project.
"In April 2010, we will begin the negotiations with these four consortiums. Sometime in July 2010 we will have all opportunities to choose the winner after having completed all negotiations making it public sometime on September 2010. By January 2011 construction of the Power Plant "Kosova e Re" will begin" said the Minister Justina Shiroka - Pula.
Constructing the power plant will cost from € 700 millions to € 1 Billion. It is planned to erect for the beginning 500 MGW and additional 500 at a later stage. The new power plant "Kosova e Re" will change the power supply configuration in Balkan making Kosova a future sustainable source of power at a wider regional context not only Balkan Peninsula.
For more information, visit www.ks-gov.net/mem/
This article is mainly sourced from www.ks-gov.net/mem/ and these kosovar dailies: Koha Ditore and Kosova Sot, dated 6 March 2010.
Ministry of Energy and Mining has announced four shortlisted consortiums interested to build the power plant "Kosova e Re". There was an increased interest from a wide range of companies requesting the Expressions of Interest to construct "Kosova e Re" power plant and mine project, it was said at the meeting in Ministry on March 5th 2010.
The Kosova e Re Project received Expressions of Interest from 6 consortia, comprising companies from 10 countries (USA, UK, India, Turkey, Greece etc). The Pre-Qualification Document allows the Transaction Advisors to select from applicants the qualified bidders to continue with next stages of the Project. The quality of the submissions was high, demonstrating a serious level of interest in the Kosova e Re project.
The Project Steering Committee (PSC) has decided that 4 out of the 6 applicants have submitted Expressions of Interest that met Pre-Qualification Criteria, and has therefore short-listed as potential bidders for the Project.
The four shortlisted consortiums are, as per alphabetical order:
- The Adani Power / PT Adani Global consortium from India and Indonesia
- The AES Electric Ltd / Demir Export A.S. consortium from the USA and Turkey
- The Park Holding submission from Turkey
- The PPC / ContourGlobal LLP consortium from Greece and the UK/USA
The Transaction Advisors will soon communicate with each of the shortlisted consortiums to move on with a preliminary discussion on the Project and to provide the applicants with further details on the anticipated process and timeline for the next stages of the Project.
"In April 2010, we will begin the negotiations with these four consortiums. Sometime in July 2010 we will have all opportunities to choose the winner after having completed all negotiations making it public sometime on September 2010. By January 2011 construction of the Power Plant "Kosova e Re" will begin" said the Minister Justina Shiroka - Pula.
Constructing the power plant will cost from € 700 millions to € 1 Billion. It is planned to erect for the beginning 500 MGW and additional 500 at a later stage. The new power plant "Kosova e Re" will change the power supply configuration in Balkan making Kosova a future sustainable source of power at a wider regional context not only Balkan Peninsula.
For more information, visit www.ks-gov.net/mem/
This article is mainly sourced from www.ks-gov.net/mem/ and these kosovar dailies: Koha Ditore and Kosova Sot, dated 6 March 2010.