Chittagong - BPDB

The Bidder shall propose the Reference Tariff for HFO Operation in the manner prescribed in
Annex D, Exhibit II, comprising of Reference Capacity Price (in Dollar/kW-month and Taka/kW-
Month) and Reference Energy Price (in Dollar/kWh and Taka/kWh) for each Contract Year in
Bid Date values (i.e. without any adjustment or indexation for exchange rate or inflation after the
Bid Date). Once established through this bidding process, the Reference Tariff of the successful
Bidder (that is, the Project Sponsor) will remain unchanged, except for any indexation or
adjustment for Exchange Rate, Local Index and Foreign Index as provided for in the PPA.
The Bidder is required to propose the following three components of the Reference Capacity
Price for each Contract Year:
i) Reference Non-Escalable Capacity Price or RCPNE, expressed in Dollar per kW per
month;
ii)
iii)
Reference Foreign Escalable Capacity Price or RCPE(US), expressed in Dollar per kW
per month; and
Reference Local Escalable Capacity Price or RCPE(Tk), expressed in Taka per kW per
month.
The Bidder is required to propose the following three components of the Reference Energy Price
for each Contract Year:
i) Reference Foreign Variable Operation and Maintenance Price or RVOMP(US),
expressed in Dollar per kWh;
ii)
iii)
Reference Local Variable Operation and Maintenance Price or RVOMP(Tk), expressed
in Taka per kWh; and
Referenced Fuel Price, expressed in Taka per kWh.
The Bidder shall propose Guaranteed Net Flat Heat Rate applicable for all load levels, which
shall be valid for the Term of the Project. The Bidder shall propose a Fuel Price based on the
Guaranteed Net Flat Heat Rate and the Bid HFO Price defined in the RFP (US Dollar 9.37 per
GJ).
7.4 Constraints on Tariff Charges
Tariff Charges (i.e. Reference Tariff) and components thereof (except as may result from
indexation allowed in the PPA) shall be subject to following limitations and constraints:
a. Total Reference Tariff and each of its components should be greater than zero for each
Contract Year.
b. Each of the components RECP(US), RECP(Tk), RVOMP(US) and RVOMP(Tk) must be
constant or same across all the Contract Years.
Request for Proposal (Chittagong 50±10% MW HFO Fired Project) Page 37