Teco to bid on 200MW supply tender

Florida-based Teco Energy, which has operations in Guatemala, plans to participate in a bidding process to supply at least 200MW to Guatemalan distributors Deorsa and Deocsa. The distributors in November launched bidding for the contract, which entails building a coal-fired plant with 200MW minimum capacity. The winner of the 15-year contract would have to start supplying power in 2012. Teco would fund the project through non-recourse financing, Gillette said.

Offers are due April 17, with contract signing slated for May. Potential bidders must have built at least two thermoelectric plants, boast assets of least US$1bn and have a minimum B corporate rating on Fitchs scale, among other requirements. Spains Union Fenosa controls Deorsa and Deocsa, which serve more than 400,000 and 700,000 users respectively.

Publication: Euclid Infotech - Utilities News
Provider: Euclid Infotech
Date: February 7, 2008