The Egyptian Electricity Holding Company (EEHC) is expected to settle the tender, posed last November, for the operation and maintenance of the three Siemens combined-cycle power plants of Beni Suef, the New Administrative Capital, and Brulus within two months.
Sources at the Ministry of Electricity told Daily News Egypt that a committee from the EEHC will study the bids submitted by the eight companies and alliances competing over the tender within the coming two weeks. The EEHC received 100 inquiries over the last week from the competing companies and alliances.
The sources said that the EEHC is expected to sign a contract with the winning company in the tender for the operation and maintenance of Siemens power plants by mid-May.
The competing companies include Siemens, Orascom-ADERA Coalition, Elsewedy Electric-EDF Energy coalition, STEAG Energy Services-PGESCO Coalition, Triangle-GD France coalition, Doosan, and Mitsubishi.
The sources noted that the ministry will not favour Siemens as it has submitted its bid for the project just like other companies and alliances.
The EEHC had addressed four companies to propose their financial and technical offers to operate and maintain Siemens power plants in the aforementioned areas. After examining the offers, the company identified the technical aspects of the project and the suitable prices. It then issued a tender to operate the Siemens plants.
The EEHC signed contracts with Siemens last year to implement three combined-cycle power plants with a total capacity of 14,400 MW on an EBC+Finance scheme, while the EEHC will repay the loan over several years. Three German banks, KfW Development Bank, HSBC, and Deutsche Bank secured funding for Siemens’ projects in Egypt, amounting to €4.1bn of a total contract value of €6bn.
Arab banks will secure the remaining funding in Egyptian pounds to pay for the Egyptian companies participating in constructions, including Elsewedy Electric and Orascom.