International companies are to be invited to prequalify for the contract to rehabilitate the hydroelectric turbine generators at the Aswan High Dam. The client - Hydroelectric Power Generating Company- is understood to be seeking to complete the prequalification exercise by the end of May, allowing for bids to be submitted during the third quarter of 2002. A Swedish team of Swecoand Swedpoweris working as project consultant (MEED 28:9:01).
Kreditanstalt fuer Wiederaufbau (KfW) has agreed to lend the equivalent of DM 170 million ($76 million) for the project, which is one of a series of Nile dam schemes the German agency is backing.
Industry sources say the bidders are likely to include France's Alstom, Austria's VA Tech Hydro, Germany's Voith Siemens Hydro Power Generation, GE Power Systemsof the US and Japan's Toshiba Corporation.
The dam has 12 175-MW turbine generators, built by Russian companies in the 1960s. The rehabilitation project will be carried out two turbines at a time, and is scheduled for completion in 2007. The plant accounts for about 12 per cent of Egypt's total installed generating capacity.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.