Kenya Electricity Generating Company (KenGen) plans to develop upto 560MW of Geothermal Power Plants at the Olkaria field in phases of 140MW each through Public Private Partnerships (PPP). Interested bidders/consortiums are required to express an interest in either:
i) A Joint Venture Partner with KenGen in the development of the Power Plant: or
ii) An Energy Conversion Agreement under a tolling arrangement
Under the Energy Conversion Agreement, KenGen will provide steam to the BOOT Contractor under a tolling arrangement and enter into an Energy Conversion Agreement (ECA) with the successful BOOT Contractor. The BOOT contractor will also be responsible for operating and maintaining the plant. Under the Joint Venture Arrangement, the successful bidder/consortium will develop and own the power plant in a Joint Venture with KenGen. The successful bidder/consortium would be the majority shareholder. The SPV would source for the O&M and the EPC Contractor.
Bidders must clearly specify which of the options above they are interested in. KenGen now invites qualified and competent BOOT developers who will design, finance, supply, construct, and operate the power plant for a period of either 10, 15 or 20 years under a BOOT contract after which the ownership will revert back to KenGen at peppercorn
Bidders must clearly specify which of the two options above and the number of contractual years they are interested in.
Deadline: Friday the 2nd of November, 2012
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