Sino Hydro, SIL/HHH JV, JCE/NK JV, and 2MG/Feva JV have applied for the Rs 16 billion civil and hydromechanical project at Jagdulla.
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Four companies have applied for the contract re-invited by Jagdulla Hydropower Limited, a subsidiary of the Government-owned Electricity Generating Company Limited (VUCL). The government itself had re-invited the contract for the 106-megawatt Jagdulla Hydropower Project to be built in Dolpa on Magh 20.
Sino Hydro, SIL/HHH JV, JCE/NK JV and 2MG/Feva JV have applied for the Rs 16 billion civil and hydromechanical project of Jagdulla. The financial proposals will be opened after the technical evaluation of the companies that have applied, said Jagdulla Chief Executive Officer Sanjay Sapkota.
‘The technical evaluation committee is separate, it will take about 15 days for the evaluation,’ he said, ‘after that the financial proposals will be opened.’ He said that the company will be selected only after the technical and financial evaluation.
The company had invited the civil and hydromechanical contract on Jestha 20. Seven companies, including the JV of High Himalayan Hydro and AGE Company, Zhongding International, Patel Engineering, Lama Construction, had applied for the contract. But the Jagdulla company claimed that the contract was canceled on December 22 after no company passed the technical proposal.
The notice inviting the company states that it should have done a turnover of $34 million in at least 3 years in the last 10 years. The notice states that it should have experience in working on at least one contract worth more than $40 million in one design in Engineering, Procurement and Construction (EPC)/Plant. Earlier, when inviting the contract, it was mentioned that it should have done a turnover of $35 million in at least 3 years in the last 10 years. It was stipulated that it should have experience in working on at least one contract worth more than $41 million in one design in Engineering, Procurement and Construction (EPC)/Plant.
In Jagdulla, Energy Minister Deepak Khadka is accused of mediating in collusion by eliminating all the companies that applied and awarding the contract to High Himalaya Hydro Construction and AGE. The matter of the transaction in which the company that won the contract of 16 billion rupees gave 150 million rupees each to four other companies at the rate of 1 percent each and gave 2 percent to the minister has reached the Commission for the Investigation of Abuse of Authority .
The total cost of Jagdulla is estimated at 23 billion rupees. Nabil Bank will invest 4.4 billion rupees, Employees Provident Fund 4 billion, Hydro Electricity Investment and Development Company Limited (HIDCL) 4 billion, Laxmi Sunrise Bank 2 billion and Everest Bank 1.5 billion rupees in the project.
