Morocco’s state utility Office National de l’Electricite (ONE) is set to open revised bids from two developers competing to build its planned Safi independent power project (IPP).
France’s EDF (Electricite de France) and the UK’s International Power with Nareva, a subsidiary of the local ONA Group, submitted bids for the project in March. They were asked to submit revised prices to build the project in June (MEED 24:6:10) after receiving additional information about the site on 23 June. The prices will be read out on 29 October.
ONE has requested adjusted bids to take account of the results of new marine studies of the site.
The firms had until 12 March to submit initial offers for the 1,320MW coal-fired project, following an extension of the deadline from an original 31 October 2009 cut-off date.
Electricite de France and the UK’s International Power with Nareva submitted bids in March
The plant is being tendered on a build-own-operate (BOO) basis under a 30-year contract.
ONE originally planned to take responsibility for the supply of coal feedstock and the construction of coal-handling facilities at Safi port as part of the project. In March 2009, the firm shifted this responsibility onto the developer.
The UK’s HSBC is financial adviser on the project, while US firm Chadbourne & Parke is legal adviser. The US’ Sargent & Lundy is technical adviser for the scheme.