Tender to be joined by 8 consortia

8 consortia and one company can submit their bids for construction of the Garadagh-Digah-Severnaya Power Station pipeline, which will supply the station with natural gas.

According to the general director for the project executive group Elkhan Mammadov, only 12 of a total of 45 interested companies eventually submitted bids. After considering them, the Japanese Bank for International Contacts (JBIC) selected 8 of the 12.

Mr. Mammadov said the 8 companies, Itochu/Alarko/Mitsui Shipbuilding Consortium, Kawasaki/OOGPO SOCAR Consortium, Marubeni/JGC Consortium, Mitsubishi Corporation, Mitsui/Toyo Consortium, MHI/Tomen Consortium, Niigata/NIC Consortium, Nippon Steel/Sumitomo Consortium, have been invited to forward, within 75 days, concrete bids to the tender commission, which, in its turn, will review them within 90 days and submit to the JBIC for approval. The process of approval is expected to take a month.

A conference for bidders has been scheduled for July 6-7, while the tender itself is to be finalized on July 9.

JBIC has allocated a JPY118 billion credit for the reconstruction, with 0.75% yearly interest rate. The tender participation fee is $1,000.*