Latest update March 29th, 2024 12:59 AM
Apr 05, 2016 News
Five foreign-based companies have submitted bids for the rehabilitation of
Region Nine’s Moco-Moco hydro-power plant.
According to the Ministry of Public Infrastructure, in keeping with the Government of Guyana’s plans to develop a ‘Green Economy’, it had asked for Expressions of Interest (EoI) from suitable firms for the rehabilitation and operation of the Moco-Moco Hydropower Plant.
Under a Build, Own, Operate, Transfer (BOOT) structure, power will be supplied to the Lethem Power Company grid under a negotiated and agreed Power Purchase Agreement (PPA).
The EoI was initially published in January 2016 with the submissions opened on Thursday March 31, 2016 at the offices of the Guyana Energy Agency (GEA).
According to the Ministry, a total of five submissions were received from regional and international companies. These companies are ‘CHEA –Centrias Hidreletricas da Amazonia LTDA – ME’ (Brazil); ‘NCGET’ (Russia); ‘Torque – EPCM’ (Barbados) and two from ‘McVantage Products’ (USA).
The process, which was facilitated by Seema Greene, Head of the Administrative and Human Resource Departments of GEA, and Valmiki Ramtahal, GEA’s Internal Auditor, was attended by representatives of three of the bidding companies: CHEA – CentriasHidreletricas da Amazonia LTDA –ME, Torque – EPCM, and McVantage Products.
The EOIs will be evaluated by the Ministry of Public Infrastructure.
In his remarks, Dr. Mahender Sharma, Chief Executive Officer of GEA, expressed gratitude to the bidders for the time and effort that went into preparing the submissions.
The 500 kW Moco-Moco hydropower station was built in the year 1999 but went out of operation in 2003 due to a landslide along the penstock alignment.
Government had declared the rehabilitation of the station to be a priority project in order to strengthen the Lethem Power Company supplying the vicinity of Lethem, and to substitute the diesel consumption with renewable energy with the aim of improving performance of the company through cost effective solutions and the maximum possible annual energy production.
According to the Ministry, the rehabilitation of the Moco-Moco hydro power station is yet another initiative of the Government of Guyana as part of a holistic approach to sustainable economic growth which demonstrates its commitment to creating a climate resilient economy and the establishing of a green economy.
THIS IDIOT TELLING GUYANA WE HAVE NO SAY IN THE 50% PROFIT SHARING AGREEMENT WE HAVE WITH EXXON.
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