Consortium bids new price in nuclear tender
Posted by meb at February 5th, 2009
The Russian-led consortium that won the tender to build Turkey’s first nuclear power plant and supply energy to the national grid has revised its price offer in an attempt to prevent its bid from collapsing.
The Turkish-Russian joint venture Atomstroyexport-Inter Rao UES JSC-Park Teknik submitted a new offer, one much cheaper than its unexpectedly high bid of 21.16 cents per kilowatt hour (kWh), to the Turkish Electricity Trading and Contracting Company (TETAŞ) in a letter submitted on Wednesday.
The company originally sent a revised offer last month in a closed envelope, attempting to modify its offer for the tender, after its original price offer met with harsh criticism from public opinion as it was several times higher than current prices for electricity. TETAŞ sent the new envelope back to the company without even opening it, explaining that any new offer would not be allowed by the strict tender specifications.
The newest price offer that has been presented to TETAŞ envisages 15 cents per kWh, gradually decreasing to 13 cents. Since this offer was submitted in the form of an independent application separate to the tender process, TETAŞ has started to consider the content of the offer. It is now contemplating the possibility of accepting this new offer. Energy experts are speculating that TETAŞ may go for the new offer, on the grounds of it being in the public’s best interest.
source: Today’s Zaman
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