Gulf wins IPP bid
Gulf Energy Development, a unit of Gulf JP, is the sole company to win the 5,000 megawatt power generating contract, worth approximately Bt21.5 billion, said a source at the Energy Regulatory Commission.
This is the third round of bidding under the independent power producer (IPP) scheme.
ERC announced on Friday that Gulf submitted two bids, each for the generation of 5,000 MW. The ERC looks for the generators of natural gas-fired power upto 5,400 MW. Three companies won the highest scores in technical bids. Aside from Gulf, there were Glow Energy and Electricity Generating (Egco). Amata B Grimm Power and National Power Supply are now appealing against the ERC's decision that they were not qualified for the bidding. Should they win the appeal, their price offers would then be considered.
According to the source, Gulf quoted the lowest price, at Bt4.23 per unit.
"We're uncomfortable to award the contract to a single company, but after two reviews, Gulf remained the sole winner. Plus, under the term of reference, there is no regulation that bars us from awarding the contract to one company," the source said.
