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Ethiopia seeks finance, construction of 371.5-MW Geba 1,2

Ethiopian Electric Power Corp. (EEPCO) invites expressions of interest from firms to finance and construct the 371.5-MW Geba 1 and 2 hydroelectric complex on the Geba River in western Ethiopia. Responses are due November 30.

The multipurpose complex includes:
o 214.5-MW Geba 1 with a head of 480 meters, average annual generation of 935 gigawatt-hours, and a cost estimated at US$295 million in 2006; and
o 157-MW Geba 2 with a head of 267 meters, average annual generation of 853 GWh, and a cost estimated at US$124 million in 2006.

A feasibility study of the complex was completed in 2005 by Norplan-Norconsult, identifying a one-reservoir scheme as the most economic alternative.

EEPCO said it is ready to consider all offers to finance the project. It said a portion would be financed by EEPCO and that efforts would be made to secure financing from bilateral and multilateral institutions. It said it also would consider alternative sources of finance such as public-private partnerships and private loans for engineering-procurement-construction contracts.

Construction is to include powerhouses, waterways, surge chambers, tailrace tunnels, electro-mechanical equipment, substations and transformer bays, spillways, cofferdams, diversion tunnels, and reservoir. Project implementation is expected to require 66 months.

A short list of companies is to be compiled for invitations to bid. It said attractiveness of the overall offer, including indicative financing terms and experience of the company in project finance, especially hydropower, will form the basis of the evaluation.

EEPCO said letters of intent and company profiles are due by November 30 to the address below.

For information, contact Ethiopian Electric Power Corp., Foreign Procurement Division, P.O. Box 1233 EEPCO, Addis Ababa, Ethiopia; (251) 111-560148; Fax: (251) 111-550822; Internet: www.eepco.gov.et.

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