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Odebrecht-led consortium offers lowest bid for Baba

Bnamericas Published: Thursday, July 14, 2005
Consortium Hidroenergético del Litoral (CHL), led by Brazil's Odebrecht, presented the lowest of three economic bids to partner in the development of Ecuador's Baba multipurpose hydro project in Guayas province, local press reported. The CHL consortium bid US$208mn followed by Italian company Impregilo, which bid US$268mn, and the highest bidder was Grupo Generador Baba, led by Argentine company Techint, which came in at US$321mn. The project was initially valued at between US$200mn and US$250mn, a source at the energy and mines ministry's electrification department told BNamericas last week. CHL proposed developing the project in 24 months, while the other two bidders would require 48 months, press reported. The bids will be evaluated over the next month. The winning bidder will partner with local company Hidropacífico, which is in charge of building and operating the Baba project for 35 years. The project entails building a reservoir, a dam, a 40-50MW powerhouse and an irrigation system, as well as channeling water to the nearby state-owned 213MW Marcel Laniado de Wind hydro plant.

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