Electricity MInistry to return bid bonds following cancellation of IPP tenders
Iraq’s Electricity Ministry has concluded negotiations with companies that submitted bids to build four independent power projects (IPPs) in Iraq.
Speaking on the sidelines of MEED’s Iraq Power & Gas Projects 2011 conference in Istanbul on 13 June, the head of Iraq’s IPP programme, Ala’a Disher Zamil, said that bid bonds would be returned to the bidders.
Bids were submitted to develop IPPs at four locations with a total capacity of 2,750MW in February before Iraq’s cabinet cancelled the tender in May.
One bidder in the IPP programme expressed disappointment that the programme has been shelved having invested significant time and money participating in the tender.
“While IPPs are inevitable in the future, that future is far away,” said Richard Kupisz, associate director at London-headquartered IPA Energy & Water Economics.