Chittagong - BPDB

BANGLADESH POWER DEVELOPMENT BOARD
REQUEST FOR PROPOSALS
FOR
THE SELECTION OF PROJECT SPONSOR
TO DEVELOP A 50±10% MW HFO-FIRED POWER PROJECT
AT CHITTAGONG, BANGLADESH
ON
A BUILD, OWN AND OPERATE BASIS
Part-2: Request for Proposal
1. The successful Bidder (the Project Sponsor) will be issued a Letter of Intent by BPDB (the Letter
of Intent) and will be required to (a) form a project company (the Company) to implement the
Project; (b) arrange the necessary financing for the Project and to execute the Implementation
Agreement (IA) and the Power Purchase Agreement (PPA) (together, the Project Agreements)
and other contracts required for the construction, operation and maintenance of the Facility; (c)
implement the Project, and (d) upon commissioning, operate the Facility for an initial period of
15 years so as to provide the electricity to Bangladesh Power Development Board (BPDB) at
specified tariffs (the Tariff Charges).
2. The Company shall be a company incorporated under the laws of the Peoples Republic of
Bangladesh and shall be required, among other things, to undertake the following:
a. execute the Project Agreements with the respective agencies of the GOB including
MPEMR, BPDB within thirty (30) Days of the issue of the Letter of Intent;
b. finalize the Engineering, Procurement and Construction (EPC) Contract, Operations and
Maintenance (O&M) Contract (if necessary), and all other agreements including the loan
agreements (together the Third Party Agreements), required to construct, finance,
operate, and maintain the Project on or before the Financial Closing;
c. on or before the Required Financial Closing Date, provide the necessary equity and
arrange the necessary debt financing for the complete execution of the Project;
d. ensure that the Project Sponsor (or the Lead Member and the Operating Member, as
designated by the Project Sponsor in its Proposal) shall hold certain minimum equity stake
in the Company during the lock-in periods set forth in the draft IA and in this RFP;
e. engineer, design, procure, construct, install, test, start-up, and Commission the Project
and undertake other activities to achieve the Commercial Operation Date (COD) no later
than the Required Commercial Operations Date (RCOD);
f. obtain and maintain all permits and licenses necessary to construct and operate the
Project, including but not limited to environmental permits, permits for importation of
materials and equipment for the Facility, permits for construction of the Facility, and any
permits or licenses required for operations of the Company according to applicable laws;
and
g. operate and maintain the Project for fifteen (15) years from the COD (the Term), in
accordance with the terms of the Project Agreements, where such Term can be extended
or earlier terminated in accordance with the Project Agreements.
Request for Proposal (Chittagong 50±10% MW HFO Fired Project) Page 4