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Ethiopia Electric Power (EEP) invites bidders for 550MW Didesa hydroelectric power project.
Ethiopia Electric Power (EEP) Corp is inviting private project developers for the financing and construction of the 550MW Didesa hydroelectric power project. Selection of the project company will be based on the least bid price and tariff charges in USD/MWh.
Successful bidders will enter into a long term Power Purchase Agreement (PPA) with EEP for the projects. The Agreement is for the capacity and electrical output of the entire projects. The plant will be based on BOT – Build, Operate and Transfer contract modality. Its estimated installed capacity is 550MW, while its annual gross energy generation capacity is 5,580GWhr.
The project developers works shall be to gather additional site investigation information as required. It will also include designing, constructing, supplying, installing, testing and commissioning. As well as owning and operating the power project.
Bidders with technical experience and financial capacity must have a bid security equal to US$3m. Also accompanied by a complete set of bidding documents and receipt of non-refundable fee of US$181 by 12th June.
The documents recipient will be Mr Tesfaye Tamirat, Director of EEP Procurement, Logistics and Warehouses. Submission of the documents will certainly be at Ethiopian Electric Power.
Hydro-power is the main source of power in Ethiopia, producing about 88% of the country’s electricity. The Nation have an estimated power generation capacity of 45,000MW. But currently it generates 4,238MW from 13 hydro, six diesel, one geothermal and three wind farms.
The government plans to build 14 hydro-power projects, with capacity of producing 11,100MW of power at a cost of US$20.1bn. The Great Ethiopian Renaissance Dam (GERD), which is currently under construction will solely provide over 6,000MW of power.