Request for EOI – EPC contractor for Tulu Moye Geothermal project, Ethiopia
A call for expressions of interest has been issued by Tulu Moye Geothermal Operations Plc for an engineering, procurement and construction (EPC) contractor for the 50MW first phase of the 520MW Tulu Moye project in Ethiopia.
A request for expressions of interest has been issued by Tulu Moye Geothermal Operations Plc for an engineering, procurement and construction (EPC) contractor for the 50MW first phase of the 520MW Tulu Moye project in the Eastern Rift Valley, Ethiopia. Tulu Moye is being developed by project company TM Geothermal Operations Ltd (TMGO). TMGO is wholly owned by Tulu Moye SAS, which is owned in turn by the Meridiam Infrastructure Africa Fund and Reykjavik Geothermal Ltd.
The contractor is expected to provide a turnkey geothermal power plant, including the associated steam gathering system. The developer will consider proposals for operations and maintenance, as well as potential vendor financing to support development to financial close. Equity investment is though currently not sought.
This request for expressions of interest is the first phase of a two-stage process in pre-qualification to gather a list of qualified contractors. Bids are due by 24 April 2019.
The full first phase project consists of drilling of around ten production wells and two injection wells, construction of a steam-gathering and injection system and a single unit water-cooled condensing steam power plant, a 230kV double bus switchyard and 230kV transmission line to the Koka-Wakena 230kV line. It is expected to cost $260m, financed 75% with debt and 25% with equity.
The second and third phases of the project are each planned to be 100MW while a fourth phase will add 270MW.
The current schedule anticipates initial drilling for the first phase to be completed by August 2019, with well testing completed by December at the same time as an EPC contractor is selected and a steam turbine purchased. Financial close is anticipated in April 2020 with commercial operations in December 2021. Work on phase II will begin following phase I financial close and an EPC award for phase II is scheduled for June 2021.
As we reported, Icelandic engineering joint venture of Mannvit and Verkís signed an agreement on being the owner’s engineer in October 2018. Partners to that contract are Landsvirkjun Power, Iceland GeoSurvey and MGM Consult.
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Source: Africa Energy