Cairo – Mubasher: The Egyptian Electricity Holding Company (EEHC) has decided to make amendments to the tender to operate and maintain electricity stations built by Siemens.
The decision comes after tender evaluation results were presented to the supreme committee for procurement, which had objected to two points pertaining to assessing bids and requested that they be removed, sources told Al Borsa newspaper.
One of the points in question involved companies with weak financial statuses, which may only be allowed to participate if they are guaranteed by a bank.
Companies will need to be flexible once the deal is announced and after the financial bids are opened, the sources said, adding that companies must also be able to waiver some items in the awarded deal if the tender may receive a better financial deal.
Egyptian President AbdelFattah El-Sisi is scheduled to witness the ceremony for the full operation of the three power plants built by Siemens in Al Borollos, Beni Suef, and the New Administrative Capital.
In December, EEHC announced plans to establish three firms to manage and operate the power stations, noting that it was also planning to offer stakes in these companies in the Egyptian Exchange (EGX) after commercial operation is complete for all capacities undertaken by Siemens.
Last month, Egypt’s Ministry of Electricity said it would postpone the listing of these companies on the EGX until electricity subsidies were completely lifted.
