Tenders for Kerala waste-to-energy plant floated
WATER & WASTE

Tenders for Kerala waste-to-energy plant floated

The Kerala State Industrial Development Corporation (KSIDC) has refloated tenders for the centralised waste-to-energy plant of 300 tonnes per day capacity to be implemented on public-private partnership (PPP) mode at Brahmapuram.

Tenders were refloated after one of the two consortiums that had submitted technical and financial bids failed to qualify, as per the evaluation done by the committee constituted by the government.

The committee found that the consortium did not meet the minimum eligibility requirements as prescribed in the request for proposal issued by KSIDC. In such a scenario, a re-tender has to be initiated and fresh bids have to be invited, according to an order issued by the Finance Department. The bid evaluation committee can approve the technical bid of the qualifying firm even if the other failed to clear the test in the refloated tender proceedings.

The terms and conditions in the refloated tenders remain the same. The last date for submitting bids is January 23. Technical evaluation and presentation by bidders will be held on January 28. The price bid is likely to be opened on January 29. KSIDC plans to issue the letter of intent within eight weeks of opening the financial proposal.

The plant will be set up based on Design-Build-Finance-Operate-Transfer (DBFOT) mode for the Ernakulam cluster of local bodies. The cluster includes the Kochi Corporation and the municipalities of Thrikkakara, Thripunithura, Kalamassery, Eloor, Maradu, Aluva, Perumbavoor, Angamaly, North Paravur, Muvattupuzha, Kothamangalam, Piravom, and Koothattukulam.

The firm to be chosen for the execution of the project in 20 acres at Brahmapuram will have powers to mortgage the leasehold rights over the said area for raising funds for the initiative. The government had already asked the Secretary, Kochi Corporation, to hand over land to KSIDC on lease basis. KSIDC will sub-lease the land to the firm for 27 years, with permission to mortgage the leasehold rights for raising funds only for the project.

The Kerala State Industrial Development Corporation (KSIDC) has refloated tenders for the centralised waste-to-energy plant of 300 tonnes per day capacity to be implemented on public-private partnership (PPP) mode at Brahmapuram.Tenders were refloated after one of the two consortiums that had submitted technical and financial bids failed to qualify, as per the evaluation done by the committee constituted by the government.The committee found that the consortium did not meet the minimum eligibility requirements as prescribed in the request for proposal issued by KSIDC. In such a scenario, a re-tender has to be initiated and fresh bids have to be invited, according to an order issued by the Finance Department. The bid evaluation committee can approve the technical bid of the qualifying firm even if the other failed to clear the test in the refloated tender proceedings.The terms and conditions in the refloated tenders remain the same. The last date for submitting bids is January 23. Technical evaluation and presentation by bidders will be held on January 28. The price bid is likely to be opened on January 29. KSIDC plans to issue the letter of intent within eight weeks of opening the financial proposal.The plant will be set up based on Design-Build-Finance-Operate-Transfer (DBFOT) mode for the Ernakulam cluster of local bodies. The cluster includes the Kochi Corporation and the municipalities of Thrikkakara, Thripunithura, Kalamassery, Eloor, Maradu, Aluva, Perumbavoor, Angamaly, North Paravur, Muvattupuzha, Kothamangalam, Piravom, and Koothattukulam.The firm to be chosen for the execution of the project in 20 acres at Brahmapuram will have powers to mortgage the leasehold rights over the said area for raising funds for the initiative. The government had already asked the Secretary, Kochi Corporation, to hand over land to KSIDC on lease basis. KSIDC will sub-lease the land to the firm for 27 years, with permission to mortgage the leasehold rights for raising funds only for the project.

Next Story
Infrastructure Urban

USA Mortgage Rates Reach 6.95%

In July 2024, the average mortgage rate in the USA rose to 6.95%, marking a significant increase and impacting homebuyers nationwide. This upward trend in mortgage rates is attributed to several economic factors, including inflationary pressures, shifts in the Federal Reserve?s monetary policy, and broader market dynamics. The rise in mortgage rates presents challenges for potential homebuyers, making borrowing more expensive and potentially slowing down the housing market. Higher rates can lead to increased monthly payments for homeowners, reducing affordability and potentially deterring new ..

Next Story
Real Estate

Toronto Home Sales Increase 4.2%

In June 2024, home sales in Toronto experienced a notable rise, increasing by 4.2% compared to the previous month. This growth highlights a positive trend in the Toronto real estate market, indicating robust buyer activity and a favorable environment for sellers. Several factors contribute to this uptick, including attractive mortgage rates, strong demand for housing, and a stable economic backdrop. The Toronto Regional Real Estate Board (TRREB) reported this increase, pointing to heightened buyer confidence and competitive market conditions. Despite rising interest rates in other parts of Nor..

Next Story
Real Estate

New Zealand Boosts Home Construction

New Zealand is set to implement regulatory changes aimed at boosting home construction to address the nation's housing shortage. The government plans to streamline building consent processes, reduce construction costs, and increase the supply of affordable housing. This initiative is part of a broader strategy to make housing more accessible and alleviate the pressure on the housing market. Key elements of the regulatory overhaul include simplifying the approval process for new housing projects and reducing bureaucratic hurdles that often delay construction. By cutting red tape, the government..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram