Bosnia picks 11 bidders for talks on eight plants

A Bosnian government commission has selected 11 international firms for further talks about a plan to build eight hydro and thermal power plants in a project worth about 2 billion euros (US$2.54 billion).

“The commission decided to include into the second round of negotiations all companies that reported a profit of over 100 million euros (US$126.9 million) in 2005,” Stipo Buljan, general secretary of the Energy, Industry and Mining Ministry of Bosnia’s Muslim-Croat Federation, said September 13.

He said firms short-listed from the 37 that applied in August to tender are: Austria hydropower utility Verbund; APET Group consortium; Italian utility Enel; Czech power group CEZ; Germany’s EnBW; Greek utility Public Power Corp.; U.S.-based AES; Norway’s Statkraft; Switzerland’s ATEL; and Swiss-Kazakhstani BMG/Kaztransgas.

In addition, he said Croatia state monopoly HEP would be invited because Bosnia is sharing with Croatia a lake where one of the four planned hydropower plants will be built.

“Such a strong interest by large international companies shows how important and attractive the project is,” Buljan said. “It will bring many benefits for the economy and create new jobs.”

Bosnia media reported in August that Verbund submitted the highest bid, with an offer of 3.5 billion euros (US$4.49 billion). (HNN 8/29/06)

The 11 companies will be required to declare within a week their readiness to accept further government conditions that were not mentioned in the tender. They will be asked how they plan to build the plants and whether they are willing to take part in the project’s preparation, drafting of a feasibility study, education of workers, and financing.

Buljan said the winners should be chosen in a month.

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