Proinversion extends Olmos bidding to Oct.21

- Monday, July 8, 2002

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Peru's privatization agency Proinversion has extended the bidding deadline for the Olmos irrigation and hydroelectric project in Peru's Lambayeque department to October 21, Proinversion said in a statement.

Interested companies/consortia have until August 5 to purchase pre-qualification guidelines, said Proinversion, adding the government has increased its share of project financing to US$77mn from US$40mn.

A winner is scheduled to be announced November 11 and would operate the project under the terms of a 40-year concession.

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In May China Electric Power Technology Import & Export Corporation (CETIC) and a Peru-Ecuador-Argentina consortium of Construccion y Administracion-Hidalgo & Hidalgo-CONIVIAL purchased pre-qualification guidelines.

The seven companies already pre-qualified are: Sweden's Skanska, Italy's Impregilo, Brazil's Norberto Odebrecht, Argentina's Jose Cartellone, Hispano-German consortium OHL-Zublin, and France's Suez, GTM Dumez and Bouygues.

The project entails pulling water from the Huancabamba River, whose US$300mn first phase is estimated to take 4-5 years and would benefit close to 60,000ha and generate 2,400GWh/year.

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