FAMOUS COMPANIES PRESENT BIDS FOR CONSTRUCTION OF NEW TURBINE OF YEREVAN TPP

Noyan Tapan
Apr 04 2007

YEREVAN, APRIL 4, NOYAN TAPAN. The packages of technical and financial
proposals of the companies, which have presented thier bids for
construction of the heat-and-gas turbine of the Yerevan Thermal
Power Plant (TPP) under the 15 bln 917 mln yen (about 150 mln USD)
credit program of the Japanese government, will be opened on April
30. TPP Director Hovakim Hovhannisian told NT correspondent that from
7 companies that presented their bids for participation in the tender,
two consortiums formed from the following companies: Mitsui (Japan), GS
(South Korea), Alstom (Germany) and Siemens (Germany), Samsung (South
Korea) and Sumitomo (Japan) have entered the qualification stage.

According to him, the tender results will be known within 90 days after
the opening of packages. H. Hovhannisian said that foreign currency
rate changes will not affect the cost of the program, becuase the sum
for construction of the turbine is provided in Japanese yens. It is
envisaged to finish the program in September 2009.

He noted that the Yerevan TPP is now operating at only 20% of its
capacity.