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1.

Yellow Door Energy commissions 1.2MWp solar project for Jordan’s Jabri Restaurant

Yellow Door Energy has commissioned a 1.2 megawatt-peak (MWp) solar park for Jabri Restaurant in Al-Salt, Jordan The solar park covers an area of 22,000sqm and will generate 2,145 megawatt-hours of c ......

  • Jordan
  • Administration & Marketing
  • 25 Jul 2020
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Description Yellow Door Energy has commissioned a 1.2 megawatt-peak (MWp) solar park for Jabri Restaurant in Al-Salt, Jordan The solar park covers an area of 22,000sqm and will generate 2,145 megawatt-hours of clean energy in the first year of operation. The sustainable energy provider said that this will reduce carbon emissions by 1,500t and meet over 70% of Jabri Restaurant’s annual energy consumption needs. “Our family business was founded in 1935 in Amman, Jordan. Long-term sustainability, commitment to high quality and a passion for food has kept Jabri Restaurant successful for the past eight decades,” said Yousef Jabri, the second generation owner of Jabri Restaurants. “The solar park developed by Yellow Door Energy reduces our energy costs by 45% and moves us forward on our sustainability journey. We look forward to having the solar park generating clean renewable energy for our restaurants for generations to come.” His Majesty King Abdullah II of Jordan told the World Economic Forum on the Middle East and North Africa in April 2019 that one-fifth of the country’s energy will be generated through renewables by 2020. The solar park itself operates under a build-own-operate-transfer (BOOT) wheeling agreement and Yellow Door Energy is responsible for investing in, designing, building, commissioning, operating and maintaining the solar park. Jeremy Crane, CEO and Co-Founder of Yellow Door Energy, said his company was “proud to support” Jabri Restaurant in its cost reduction and sustainability goals. “Our solar park demonstrates Jabri Restaurants’ innovation stewardship and sustainability leadership, and we hope it will inspire other leading businesses to switch to clean energy,” he added.
Industry Administration & Marketing
Source https://meconstructionnews.com/42203/yellow-door-energy-commissions-1-2mwp-solar-project-for-jordans-jabri-restaurant
2.

Madagascar: Government of Madagascar gets Euro 4 million from African Development Fund for Sahofika hydropower project

The African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s 30 million euro equity investment in the Sahofika hydropower project ......

  • Madagascar
  • Administration & Marketing
  • 30 Jun 2020
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Description The African Development Fund has approved a 4.02 million euro loan with a grant component to finance the Government of Madagascar’s 30 million euro equity investment in the Sahofika hydropower project, which will generate affordable, clean energy benefitting some 8 million people. The Sahofika project is located on the Onive River, 100 km southeast of the capital Antananarivo. It entails the construction of a 205 MW hydroelectric power plant on a Build-Own-Operate-Transfer basis and includes the construction and rehabilitation of 110 km of access roads and construction of a 75 km, 220 kV transmission line. Once commissioned, the Sahofika project is expected to contribute to the avoidance of 900,000 tons of CO2 equivalent annually. The government has committed to plough back the returns from the project to reduce electricity tariffs for the people of Madagascar. Additional funding for the project is expected to come from the European Union and the Arab Bank for Economic Development in Africa “The support to the Sahofika project exemplifies the Bank’s commitment to delivering quality, affordable energy access across the continent for sustainable and inclusive growth, while helping member countries to responsibly harness their vast, yet underdeveloped renewable energy resources. As the largest hydro power project under development in the country, the Sahofika project will unlock Madagascar’s hydropower potential, and diversify its energy mix in favour of renewable at 90%”, said Dr. Kevin Kariuki, the Bank’s Vice-President for Power, Energy, Climate Change & Green Growth. In December 2019, acting as Mandated Lead Arranger, the Bank approved a Partial Risk Guarantee of $100 million towards the Sahofika project to mitigate liquidity risk. The Bank is also supporting the Power Transmission Network Reinforcement and Interconnection Project, aimed at reinforcing and expanding Madagascar’s transmission network in order to evacuate the additional power generated by this large hydro project. “The Sahofika project is a cornerstone of the Bank’s strong support to the power sector in Madagascar. The commissioning of Sahofika would enable national utility (JIRAMA) to save around 100 million euros annually in fuel costs, while phasing out the need for state subsidies,” said Mohamed Cherif, the Bank’s Country Manager for Madagascar. The Sahofika project is aligned with the Bank’s New Deal on Energy for Africa, and the Bank’s Climate Change Action Plan, whose collective goals include expanding green energy infrastructure for sustainable and inclusive growth. It is also in line with the Government of Madagascar’s energy policy. The African Development Fund (ADF) is the concessional financing window of the Bank Group that provides low-income Regional Member Countries (RMCs) with concessional loans and grants in support of projects that spur poverty reduction.
Industry Administration & Marketing
Source https://www.afdb.org/en/news-and-events/press-releases/madagascar-government-madagascar-gets-euro-4-million-african-development-fund-sahofika-hydropower-project-35737
3.

Vedanta Seeking Developers for 100 MW Solar Projects in Odisha

Vedanta Limited has issued an RfP for the selection of developers for setting up a 100 MW solar project under the BOOT Model at multiple land parcels of Vedanta in Odisha. Vedanta Limited has issued a ......

  • India
  • Administration & Marketing
  • 12 Mar 2020
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Description Vedanta Limited has issued an RfP for the selection of developers for setting up a 100 MW solar project under the BOOT Model at multiple land parcels of Vedanta in Odisha. Vedanta Limited has issued a Request for Proposal (RfP) for the selection of developers for setting up of 100 MW ground-mounted solar project through tariff-based competitive bids (with reverse auction). The project is to be developed under the Build-Own-Operate-Transfer (BOOT) Model with an option to convert to captive mode at multiple land parcels of Vedanta Limited in District Jharsuguda of Odisha. The last date for submission of responses to the tender is March 18, 2020, and the techno-commercial bids will be opened on March 24, 2020. A pre-bid meeting has been scheduled for March 5, 2020, to address the concerns raised by the prospective bidders. The date and time of opening of the price bids will be communicated to the technically qualified bidders separately. As per the RfP, Vedanta Limited, Jharsuguda (VLJ) is an obligated entity that has to procure renewable power in order to meet its Renewable Purchase Obligation (RPO). In order to meet such obligations, VLJ desires to install 100 MWp of solar power project on its freehold land parcels located within and around its Aluminum plant in Jharsuguda, Odisha. The project is to be developed through experienced developers under the BOOT model for the supply of power for a period of 25 years from the date of commissioning of the project. The successful bidder has to create a Project Company for developing the project. As per terms of this RFP, the successful bidder is under obligation to allow VLJ to acquire 26 percent equity in such company at book value within one-year of COD of the entire contracted capacity in order to maintain the status of the project as captive plant under the law. To be eligible for participating in the bidding process, The bidder shall have a positive net worth in the last three financial years. Further, the net worth should be equal to or greater than Rs 100 crore for 100 MW capacity offered by the bidder in its bid or equivalent USD. The annual financial turn over should be at least Rs 50 crore of any year during the last 5 years for the bid capacity of 100 MW. However, if the bidder has opted to bid for a lesser quantum equivalent to the full solar potential of one land parcel, the financial turnover criteria shall be not less than Rs 15 crore. The Bidder must have developed a solar PV ground-mounted project of cumulative capacity of 20 MW capacity in the BOOT model / Tariff based model and should have been carrying out its Operations and Maintenance in the last 5 years.
Industry Administration & Marketing
Source https://www.saurenergy.com/solar-energy-news/vedanta-seeking-developers-for-100-mw-solar-projects-in-odisha
4.

Mali: PASH Global buys stake in 50MW Kita solar farm

Issue 408 30 January 2020 UK-based clean power developer PASH Global, majority-owned by Dutch commodity trader Trafigura, announced on 15 January the acquisition of a 49.9% stake in the 50MW Kita sol ......

  • Mali
  • Administration & Marketing
  • 17 Feb 2020
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Description Issue 408 30 January 2020 UK-based clean power developer PASH Global, majority-owned by Dutch commodity trader Trafigura, announced on 15 January the acquisition of a 49.9% stake in the 50MW Kita solar PV park in western Mali. The project, in the town of Kita, 180km west of Bamako, is being developed by French green power producer Akuo Energy under a 30-year build-own-operate-transfer concession with a 28-year power purchase agreement (PPA) with Energie du Mali (EdM), according to the London-based impact investor.
Industry Administration & Marketing
Source https://www.africa-energy.com/article/mali-pash-global-buys-stake-50mw-kita-solar-farm
5.

Benin: New thermal plant planned for Maria Gléta

Issue 408 30 January 2020 A cabinet meeting on 22 January approved a proposal to recruit technical and legal advisers to oversee a tender process for a build-own-operate-transfer contract for a secon ......

  • Benin
  • Administration & Marketing
  • 17 Feb 2020
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Description Issue 408 30 January 2020 A cabinet meeting on 22 January approved a proposal to recruit technical and legal advisers to oversee a tender process for a build-own-operate-transfer contract for a second 120MW power plant at the Maria Gléta site near Cotonou. “This decision aims to reinforce the energy supply of our country in order to guarantee, in the long term, self-sufficiency and a supply of reliable, competitive and high-quality electricity to the population as well as to industry,” a cabinet statement said.
Industry Administration & Marketing
Source https://www.africa-energy.com/article/benin-new-thermal-plant-planned-maria-gl%C3%A9ta
6.

UAEs Metito-led consortium breaks ground on ISTP project in the KSA

A consortium led by UAE-based Metito Group, which comprises Saudi Arabia’s Mowah and Egypt’s EPC contractor Orascom Construction, has broken ground on the first independent sewage treatment plant (IST ......

  • United Arab Emirates
  • Administration & Marketing
  • 13 Feb 2020
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Description A consortium led by UAE-based Metito Group, which comprises Saudi Arabia’s Mowah and Egypt’s EPC contractor Orascom Construction, has broken ground on the first independent sewage treatment plant (ISTP) project in the kingdom’s Dammam West site. The project marks the first ISTP to be awarded by the Saudi Water Partnership Company to investors under a build-own-operate-transfer (BOOT) model. It is expected to play a key role in the KSA ministry’s plans to tender similar projects to the investors in different regions across the kingdom. The notice to proceed (NTP) has been issued – allowing contractors to mobilise and start construction on site – following the execution of relevant project and finance documents by the banking group and the consortium developing the project. Commenting on the start of construction, Mowah chairman and chief executive officer, Sami Alrayes, said: “Contractors are commencing mobilisation and conducting site preparation, surveying, clearing, levelling, and fencing, confirming the commitment of Dammam West Company for Water in speeding the start of construction works in one of the first projects under this programme,” The plant has a designed capacity of 350,000 cubic metres per day, as well as an initial capacity of 200,000 cubic metres per day, and will serve the western region of Dammam. This project is in line with the kingdom’s Vision 2030 and wider initiatives approved by the Cabinet of Ministers to encourage the participation of private sector in economic development initiatives. Commenting on the occasion, the managing director of Metito, Rami Ghandour, said: “Together with the support from the Saudi Water Partnership Company and the National Water Company, we will develop a project in world-class quality using the most efficient solutions and advanced technology that will guarantee sustainable optimised operations and service excellence.” Ghandour added: “We will develop a working model for other similar projects in the kingdom and further afield.”
Industry Administration & Marketing
Source https://www.constructionweekonline.com/projects-and-tenders/262838-uaes-metito-led-consortium-breaks-ground-on-istp-project-in-the-ksa
7.

NHPCs Rs. 165-crore bid for Jal Powers 120 MW Rangit project gets lenders nod.

State-run hydro power giant NHPC has emerged as the successful bidder for insolvency-bound Jal Power Corporations 120MW Rangit project in Sikkim with a bid of Rs 165 crore. "NHPC Ltd. has been declar ......

  • India
  • Administration & Marketing
  • 04 Feb 2020
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Description State-run hydro power giant NHPC has emerged as the successful bidder for insolvency-bound Jal Power Corporations 120MW Rangit project in Sikkim with a bid of Rs 165 crore. "NHPC Ltd. has been declared as the Successful Resolution Applicant by the Committee of Creditors (CoC) of Jal Power Corporation Limited (120 MW Rangit Stage IV HE Project) subject to approval of Resolution Plan by the Honble National Company Law Tribunal, Hyderabad Bench," an NHPC statement said. Meanwhile, a source said that NHPC quoted around Rs. 165 crore for the project under insolvency proceedings. The source also said that NHPC is hopeful of completing the project in three-and-a-half years after the approval of Cabinet Committee of Economic Affairs (CCEA). As per the Insolvency and Bankruptcy Code (IBC), now the resolution professional of the debt-ridden Jal Power Corporation would place the NHPCs bid for approval of the National Company Law Tribunal (NCLT). The company would also have to get approvals of the Public Investment Board and CCEA thereafter. The Sikkim government had awarded Rangit project to Jal Power Corporation on November 1, 2004. An agreement for setting up of Rangit Stage-IV was inked with the state on December 9, 2005, on a build-own-operate-transfer (BOOT) basis. The project envisages installation of three units of 40 megawatts each. Earlier last year, the NHPC had acquired Lanco Teesta VI Hydro Power Project in Sikkim at a bid-out price of about Rs. 907 crore under insolvency proceedings. The total investment approval for the project is Rs. 5,748.04 crore, which includes Rs. 907 crore bid amount. The Teesta VI is the first project which was acquired through the NCLT route by a public sector undertaking.
Industry Administration & Marketing
Source https://newsonprojects.com/news/nhpcs-rs-165-crore-bid-for-jal-powers-120-mw-rangit-project-gets-lenders-nod
8.

NHPCs Rs 165-crore bid for Rangit project gets lenders nod

New Delhi: State-run hydro power giant NHPC has emerged as the successful bidder for insolvency-bound Jal Power Corporations 120MW Rangit project in Sikkim with a bid of Rs 165 crore. "NHPC Ltd has b ......

  • India
  • Administration & Marketing
  • 03 Feb 2020
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Description New Delhi: State-run hydro power giant NHPC has emerged as the successful bidder for insolvency-bound Jal Power Corporations 120MW Rangit project in Sikkim with a bid of Rs 165 crore. "NHPC Ltd has been declared as the Successful Resolution Applicant by the Committee of Creditors (CoC) of Jal Power Corporation Limited (120 MW Rangit Stage IV HE Project) subject to approval of Resolution Plan by the Honble National Company Law Tribunal, Hyderabad Bench," an NHPC statement said. Meanwhile, a source said that NHPC quoted around Rs 165 crore for the project under insolvency proceedings. The source also said that NHPC is hopeful of completing the project in three-and-a-half years after the approval of Cabinet Committee of Economic Affairs (CCEA). As per the Insolvency and Bankruptcy Code (IBC), now the resolution professional of the debt-ridden Jal Power Corporation would place the NHPCs bid for approval of the National Company Law Tribunal (NCLT). The company would also have to get approvals of the Public Investment Board and CCEA thereafter. The Sikkim government had awarded Rangit project to Jal Power Corporation on November 1, 2004. An agreement for setting up of Rangit Stage-IV was inked with the state on December 9, 2005, on a build-own-operate-transfer (BOOT) basis. The project envisages installation of three units of 40 megawatts each. Earlier last year, the NHPC had acquired Lanco Teesta VI Hydro Power Project in Sikkim at a bid-out price of about Rs 907 crore under insolvency proceedings. The total investment approval for the project is Rs 5,748.04 crore, which includes Rs 907 crore bid amount. The Teesta VI is the first project which was acquired through the NCLT route by a public sector undertaking.
Industry Administration & Marketing
Source https://energy.economictimes.indiatimes.com/news/power/nhpcs-rs-165-crore-bid-for-rangit-project-gets-lenders-nod/73600706
9.

Greenko set to buy into $1.5 bn Teesta Project in Sikkim.

Greenko is making its boldest bet yet in hydel power, buying a chunk of Teesta Stage III in Sikkim, the largest private hydroelectric project in Asia, in a multi-phased transaction, people in the know ......

  • India
  • Administration & Marketing
  • 13 Jan 2020
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Description Greenko is making its boldest bet yet in hydel power, buying a chunk of Teesta Stage III in Sikkim, the largest private hydroelectric project in Asia, in a multi-phased transaction, people in the know said. The transaction will further bulk up the operating renewable portfolio of Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, to 6.2 gigawatts and give a much-needed exit to the project’s original financiers - a group of marquee PE investors who have been stuck for almost a decade after putting in $425 million to bankroll this high-profile venture in 2010. To start with, Greenko will buy a 40% stake in Teesta Urja Ltd. (TUL) for $200-250 million (Rs. 1,400-1,750 crore) from Singapore-based Asian Genco Pte Ltd., a company majority owned by PE investors such as General Atlantic, Goldman Sachs, Morgan Stanley, Norwest Partners and Everstone Capital. Greenko has already applied for approvals from the Competition Commission of India, added the officials. The Government of Sikkim owns the remaining 60% in TUL, after having to take it over to ensure completion of the project that got embroiled in a series of issues ranging from clashes between founder-promoter Vijaykumar TV and his investors that led to prolonged arbitrations, to regulatory and infrastructure logjams, environmental activism and even an earthquake. “The state government had taken a Rs. 3,000 crore leverage for project completion and its stated position has been to dilute (the stake) over a period of time. Greenko is a long-term asset developer and as a policy does not take minority interests in projects or companies. A phased takeover will therefore be inevitable,” said an official in the know. A Greenko spokesperson declined to comment. Dhanpal Zhaveri, the managing partner of Everstone and a member on the TUL board representing PE investors, did not respond to an email seeking comment till press time Tuesday. TUL,a special purpose vehicle, got created to develop the project as a build-own-operate-transfer contract for 35 years, after which the project was to be returned to the state government. The project includes a 60-meter-high concrete-faced rockfill dam with two tunnel spillways, a reservoir flushing tunnel, two desilting chambers, a headrace tunnel and surge shaft, along with two pressure shafts. The underground powerhouse contains six 200-megawatt turbine-generator units. Originally scheduled to get commissioned in September 2012, it finally went live 18 months back after seeing massive cost and time overruns. The initial project cost was fixed at Rs. 5,705 crore as per the techno economic clearance at 2005 prices. Currently it has debt alone of Rs. 10,000 crore. The lenders are unlikely to take any haircut. “The transaction was to take place in 2019 itself but after blessing the project, the then chief minister Pawan Kumar Chamling, the longest serving Indian chief minister, had to demit office. Negotiations had to start afresh with the new state government,” said an official in the know, speaking on the condition of anonymity as the talks are in private domain. After being in power for 25 years, Chamling’s Sikkim Democratic Front lost to the Sikkim Krantikari Morcha in a closely contested assembly election last year. Set up in 2006 by first-generation entrepreneurs Anil Kumar Chalamalasetty and Mahesh Kolli,Greenko has a footprint in 13 states and an expected Ebitda (earnings before interest, tax, depreciation and amortisation) of over $500 million. After this deal, Greenko’s hydro portfolio alone will be around 2 GW. The founders own a quarter of Greenko, while GIC is the largest shareholder with a 60% stake, having invested $1.4 billion so far. ADIA owns the remaining 15%.
Industry Administration & Marketing
Source https://newsonprojects.com/news/greenko-set-to-buy-into-15-bn-teesta-project-in-sikkim
10.

South Sudan: New power plant, grid upgrade for Juba

Issue 405 05 December 2019 The government of South Sudan commissioned a new power plant and a $38m upgraded power distribution system for Juba on 21 November. Local developer Ezra Construction & Deve ......

  • South Sudan
  • Administration & Marketing
  • 09 Dec 2019
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Description Issue 405 05 December 2019 The government of South Sudan commissioned a new power plant and a $38m upgraded power distribution system for Juba on 21 November. Local developer Ezra Construction & Development Group commissioned the 33MW first phase of a 100MW power plant due for completion by the end of 2021. The project was approved by the government in August 2017 and developed on a build, own, operate, transfer basis. Construction started in late 2017. The Juba Power Distribution System Rehabilitation and Expansion Project was financed by the African Development Bank (AfDB).
Industry Administration & Marketing
Source https://www.africa-energy.com/article/south-sudan-new-power-plant-grid-upgrade-juba

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