YICHANG, China 12/13/11 (PennWell) -- Yichang's small hydropower agency has awarded contracts worth US$52.8 million to four Chinese groups to build 11 small hydroelectric projects in China's Hubei Province.
On behalf of Yichang City Project Management Office for Small Hydropower Projects, China International Tendering Co. solicited companies in May for the Wufeng and Changyang small hydropower plants. Between three and four bids were received for each contract.
Contracts, winning firms, and award amounts include:
o Contract No. WJH&CN-Civil-1: Civil works of Chinan, Wangjiahe 1, Wangjiahe 2, and Wangjiahe 3 projects; Hubei Rui Tian International Trading Co. Ltd. with joint venture of Wuhan Hao Kun Construction Engineering Co. Ltd.; 62.7 million renminbi (US$9.8 million);
o Contract No. TJH-Civil-1: Civil works of Tangjiahe 1 and Tangjiahe 2 projects; Hubei Machinery & Equipment Import & Export Co. Ltd. with joint venture of Hubei Chu Sunlight Water Conservancy and Hydropower Co. Ltd.; 56.9 million renminbi (US$8.9 million);
o Contract No. QLG-Civil-1: Civil works of Qilinguan 1 and Qilinguan 2 projects; Hubei Xinbaofeng International Trade Co. Ltd. with joint venture of China Foreign Northwest Construction Engineering Group Co. Ltd.; 95.4 million renminbi (US$14.9 million).
o Contract No. ECK&XJP&CF-Civil-1: Civil works of Erchakou, Xujiaping, and Changfeng projects; Hubei Provincial Minmetals International Trading Corp. Ltd. with joint venture of Hubei Chu Sunlight Water Conservancy and Hydropower Co. Ltd.; 122 million renminbi (US$19.2 million).
Under the European Investment Bank's China Climate Change Framework Loan, Yichang City applied for 44 million euros (US$63.8 million) from China's Finance Ministry to build the Hubei Province Yichang City Small Hydropower Development Project.