RWE not to participate in pre-qualification tender for Croatias Plomim C.

By bne IntelliNews September 17, 2012
Germany's RWE said it has decided not to participate in the pre-qualification tender procedure for a strategic partner in the design, financing, construction and maintenance of the Plomin C thermal power plant in Croatia. RWE said on its website the decision was taken in line with its adjusted strategy on the structure of its European power plant portfolio and current capital constraints. It will, however, support the project with technical know-how. RWE fulfills all pre-qualification criteria and earlier expressed interest in the project. Seven companies have indicated their interest in the project, news agency HINA informed, quoting power utility HEP's CEO Zlatko Koracevic as saying. He stressed that these were some of the strongest world companies. HEP will made a list by September 28 of the potential strategic partners who will be invited to file offers by end-2012. Croatia opened the tender for Plomin C on July 24. The tender also seeks a supplier of all fuel needed for the facilitys operation. The deadline expired on September 14. The country will pick up the bidder, who submits the most economically advantageous offer. The selection process is expected to be completed in the first quarter of 2013, while the project is expected to be finalised between 2015 and 2017. The project costs are estimated at EUR 800mn. HEP will finance 50% of the project, while the remaining 50% shall be provided by the strategic partner. Plomin C will be the biggest power plant in the country, which is planned to produce 3.6bn kilowatt-hours of electricity.

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