A bank spokesman said the winning contractor group is Mott MacDonald of the United Kingdom, Sogreah of France, and AG Consult of Ethiopia. Contract signing is pending negotiation of a final contract price. Work is expected to be performed between January and April 2009.
The bank recruited consultants for Gibe 3 (previously referred to as Gilgel Gibe 3) to determine whether the project is the best option among a number of generation alternatives and whether costs and design have been optimized. (HNN 6/23/08)
In addition to the World Bank, the project is being financed by the Public-Private Infrastructure Advisory Facility, European Investment Bank, and the African Development Bank's Infrastructure Project Preparation Facility.
The objective of the economic and financial assessment is to determine the economic and financial feasibility and viability of the project, and analyze whether the economic and financial benefits from the project are worth the investment. The objective of the technical assessment is to determine whether goods and works to be procured ensure satisfactory quality and are compatible with the balance of the project.
Ethiopian Electric Power Corp. previously awarded an engineering-procurement-construction contract for Gibe 3 to Salini Costruttori SpA of Italy.