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January 23, 2008 |
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* EL SALVADOR: Power Firm Relaunches El Chaparral Tender El Salvador's state-run power firm CEL said in a statement that it has relaunched a tender for the construction of the 65.7-megawatt El Chaparral hydro project. Business News Americas relates that CEL declared in December 2007 the initial tender void as bidders failed to meet bidding rule requirements. Consortium Constructor Chaparral -- made up of Brazil's Andrade Gutierrez and Germany's Voith Siemens Hydro Power -- and Italian firm Astaldi presented offers in May 2007 for the US$140-million project. According to BNamericas, project works include the power plant and dam to be constructed in the lower zone of the Torola river basin. BNamericas notes that bidding rules will be soled from Jan. 24-31 for US$10,000. Bidders are given until April 30 to present offers. The Central American Bank for Economic Integration will help finance the El Chaparral project, BNamericas states. * * * As reported in the Troubled Company Reporter-Latin America on Dec. 26, 2007, Standard & Poor's Ratings Services has assigned BB+ long-term sovereign local and foreign currency ratings and B short-term sovereign local and foreign currency ratings on El Salvador. S&P said the outlook for all the ratings is stable. |
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