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Two bids were received by the 11 July deadline for the state’s latest proposed independent water and power project (IWPP). Ras Laffan Power Company, in which AES Oasisis the majority shareholder, has tabled one of the bids, with financial backing from BNP Paribas. The other submission has come from Qatar Electricity & Water Companywith the UK’s International Power. HSBCis backing the bid.