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BANGLADESH POWER DEVELOPMENT BOARD (BPDB)
Section III of Bid Document: QUALIFICATION DOCUMENT
FOR IMPLEMENTATION OF A5 MW±20% GRID CONNECTED WASTE TO
POWER PROJECT ON BUILD, OWN AND OPERATE (BOO) BASIS AT
JALKURI, NARAYANGANJ , BANGLADESH
(A Site Near to Matuail 132/33/11 kV Grid Substation of DPDC)
August, 2019
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SECTION I
QUALIFICATION DOCUMENT
FOR SELECTION OF BIDDERS TO SUBMIT PROPOSALS TO DEVELOP A 5 MW±20% GRID
CONNECTED WASTE TO POWER PROJECT ON BUILD OWN AND OPERATE (BOO)
BASIS AT JALKURI, NARAYANGANJ, BANGLADESH.
A. DEFINITIONS
For purposes of this QUALIFICATION DOCUMENT, the following capitalized terms
shall have the following meanings:
1. "BAS" means Bangladesh Accounting Standard.
2. "BERC" means Bangladesh Energy Regulatory Commission.
3. "BDT" means Bangladeshi Taka
4. “Bidder” means any entity or consortium submitting a (i) Qualification Statement (ii)
Technical, Commercial & Financial Proposal and (iii) Tariff Proposal with the intent to
be qualified as a potential Project Sponsor.
5. "Bid" means Bidder's Qualification Statement and Technical, Commercial &
Financial Proposal (Envelope -I) and Tariff Proposal (Envelope -II).
6. "Bid Date" means 12:00 Hours BST (Bangladesh Standerd Time) on October
20, 2019
6. "BPDB" means Bangladesh Power Development Board.
7. “Business Day” means a day on which banks and government offices are open for
business in Bangladesh.
8. "CDM" means Clean Development Mechanism [CDM], which was devised to help
developed countries to meet their Green House Gas [GHG] Emission Reduction targets
in a cost effective manner by allowing them to acquire Certified Emission Reduction
[CERs] from abatement projects in developing countries.
9. “Commercial Operations Date” means the date falling one day after the day on which
the Project is commissioned to operate on a commercial basis.
10. “Current Assets” means, in relation to a given entity, the number indicated as “current
assets” on such entity’s most recent balance sheet prepared in accordance with IAS or
BAS or GAAP.
11. “Current Liabilities” means, in relation to a given entity, the number indicated as
“current liabilities” on such entity’s most recent balance sheet prepared in accordance
with IAS or BAS or GAAP.
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12. “Current Ratio” means, in relation to any given entity, the result obtained by dividing
its Current Assets by Current Liabilities.
13. "GAAP" means the standard accounting rules, regulations, and procedures established
by US Financial Accounting Standards Board (or the comparable organization in the
relevant country) to prepare financial statements and accounts, which rules,
regulations and procedures have been approved by the regulator of companies and
securities in the domicile of the relevant Member with jurisdiction over the
relevant Member; provided that the financial statements prepared in accordance with
such rules, regulations and procedures present an accurate description of the
financial condition of the Bidder or Member and do not include or fail to
include any statements or information or adjustments thereto which make the
financial statements false, deceptive or misleading, the conformance of the financial
statements to be delivered in connection with this Qualification Document with GAAP
(or with IAS, as the case may be) shall be affirmed by the auditors who audit such
financial statements.
14. “IAS” means International Accounting Standards.
15. “Lead Member” means, in relation to a consortium Bidder, the member of such
consortium who fulfils the criteria set forth in Sub-section 1.2.1 of Section II.
16. “Material Dispute” is defined in Sub-section 4 of Section II.
17. “MW” means megawatt.
18. “Net Worth” means, in relation to any entity, such entity’s Total Assets minus its Total
Liabilities.
19. “Operating Member” means, in relation to a consortium Bidder, the member of such
consortium who fulfils the criteria set forth in Sub-section 1.2.2 of Section II.
20. "Other Member " means , in relation to a consortium Bidder, the Member who are not
Lead Member and / or Operating Member of the Consortium.
21. “Qualified Bidder” means a Bidder who is determined to meet the criteria outlined in
Section II of this Qualification Document.
22. “Project” means the "Grid connected 5 MW±20% waste to Power project on BOO
basis near to 132/33/11 kV Matuail Grid substation at Jalkuri, Narayanganj
Bangladesh, which are to be designed, financed, constructed, insured owned, operated
and maintained by the Project Company.
23. “Project Agreements” means, collectively, Power Purchase Agreement (PPA) to be
signed between Bangladesh Power Development Board (BPDB), or their respective
legal successors, or other public sector entities and the Project Company,
Implementation Agreement (IA) between Government of Bangladesh (GOB) and the
Project Company and Waste Supply Agreement (WSA) & Land Use Agreement (LUA)
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between the Project Company and Narayanganj City Corporation (NCC).
24. “Project Company” means a company duly incorporated under the Laws of
Bangladesh by the Project Sponsor, which will execute the Project Agreements for the
Project.
25. “Project Sponsor” means the Qualified Bidder who will be selected as the developer
for the Project.
26. “Qualification Statement” means a statement containing all of the information requested
in Section II-A, which shall be submitted in the form attached hereto as Annex A-2.
27. "Request for Proposal" means the document which shall specify the technical and
financial requirements for the project.
28. “Total Assets” means, in relation to any entity, the total consolidated assets of such
entity and its subsidiaries measured in accordance with IAS or BAS or GAAP for such
entity’s most recent financial year.
29. “Total Debt” means, in relation to any given entity, the total of all such entity’s interest
bearing obligations.
30. “Total Equity” means, in relation to any entity, the total consolidated equity of such
entity and its subsidiaries measured in accordance with IAS or BAS, or GAAP for such
entity’s most recent financial year.
31. “Total Liabilities” means, in relation to any entity, the total consolidated liabilities of
such entity and its subsidiaries measured in accordance with IAS or BAS or GAPP for
such entity’s most recent financial year.
32. “USD” means the United States Dollar;
33. “Waste” means unwanted or unusable materials. Waste is any substance which
is discarded after primary use, or it is worthless, defective and of no use
including Municipal Solid Waste, household waste, commercial waste,
demolition waste, industrial waste, Biomedical waste, food and vegetable waste,
human and animal residues or different type of biomasses, clinical waste,
Special hazardous waste and electronic waste (e-waste).
34. "Waste Transfer Station" the station within the Facility shall be used for
weight measuring, receiving and storage of Waste.
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B. INSTRUCTIONS FOR BIDDERS
1. General
(a) All requested information shall be submitted to Secretary, Bangladesh Power
Development Board (BPDB) by the Bidder in the English language.
(b) Qualification decisions will be made solely on the basis of a Bidder’s Qualification
Statement, which should be submitted in the form of Annex A-2. No supplemental or
other information will be accepted other than responses from Bidders to clarifications
which have been specifically requested by Bangladesh Power Development Board
(BPDB).
(c) The Qualification Statement should be accompanied by an indication of interest in the
form of Annex A-1, which should be signed by a person or persons duly authorized to
sign on behalf of the Bidder. If the Bidder is a consortium, the Qualification Statement
should be signed by a person or persons duly authorized to sign on behalf of the Lead
Member of the consortium. Consortium Bidders should submit a duly-executed signing
authorization form in the form of Annex A-3.
(d) Bangladesh Power Development Board (BPDB) will not enter into any correspondence
with Bidders except to seek clarification, if and when necessary.
(f) Bidders may seek clarification from BPDB on the qualification process and criteria by
submitting a request for clarification in writing to Bangladesh Power Development
Board (BPDB) at the address given in this Qualification Document. Although BPDB
will attempt to respond to all reasonable queries, it is under no obligation to do so, and
may decline to respond to any query or request for clarification at its sole discretion.
(g) All queries must be received at least 20 (twenty) calendar days before the Bid Date.
(h) Any documents submitted by Bidders will not be returned.
(i) For purposes of determining compliance with the various US dollar thresholds set out in
Section II-A, Bidders who do not maintain their financial records in US dollars should
apply the exchange rate converter published in the OANDA web site not earlier than 15
days prior to the date of submission of the Qualification Statement to convert their
financial records into US dollars. A link to the OANDA online exchange rate converter
is attached to this Qualification Document as Appendix 1..
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SECTION II
A. QUALIFICATION CRITERIA
1. Composition of Bidder
1.1 Bidders may apply either individually or as a consortium. Individual Bidders should not
be natural persons.
1.2 If a consortium is submitting a Qualification Statement, the consortium must include one
or more entities that are able to discharge the responsibilities of the Lead Member and the
Operating Member as set forth below.
1.2.1 The Lead Member of the consortium:
• Must hold at least 51% of the equity interests in the consortium vehicle
(either directly or through a majority-owned special purpose project
subsidiary);
• Must meet the financial criteria set out in Section 2; and
• Must meet the technical criteria set out in Section 3 (to the extent not met by
the Operating Member or another member of the consortium).
1.2.2 The Operating Member of the consortium:
• Must hold at least 20% of the equity interests in the consortium vehicle
(either directly or through a majority-owned special purpose project
subsidiary); and
• Must meet the technical criteria set out in Section 3 (to the extent not met
by the Lead Member or another member of the consortium).
1.2.3 The Lead Member and the Operating Member may be the same entity.
1.2.4 Neither the Lead Member nor the Operating Member may be a natural person.
1.2.5 The Bidder must furnish evidence of its legal structure as a single
company or as a consortium including, without limitation, information
with respect to : (i) The legal relationship among the consortium
members; and (ii) The role and responsibility of each consortium
member including the responsibility of debt raising in the Project.
1.3 A Bidder that is a consortium should provide the information requested in Annex A-2
of the Qualification Statement from detailing the respective roles and ownership interests
of the various members of the consortium.
1.4 Changes in the composition of a consortium Bidder prior to the submission of the Bid
for the Project may be permitted, subject to the following conditions and prior approval
of Bangladesh Power Development Board (BPDB):
1.4.1 No changes in the members of a consortium Bidder are permitted which would
result in either (a) a change to the Lead Member or the Operating Member of the
consortium or (b) the failure by the consortium to meet any of the criteria set out in
Section 2 or Section 3;
1.4.2 Qualified Bidders shall not be permitted to form a consortium to submit a Tender.
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1.4.3 Failure to comply with any of the requirements set forth in this Section 1.4 may
result in immediate disqualification by Bangladesh Power Development Board (BPDB)
of the consortium’s submission of Tender.
2. Financial Criteria
2.1 The Bidder (or, in the case of a consortium Bidder, the Lead Member) shall include the
following information in its Qualification Statement along with supporting documents:
2.1.1 Waste to Energy Projects/Power Generation Projects/Other Projects in respect of
which it has successfully raised equity financing of at least USD 4 million in
aggregate in the past 15 years in the aggregate; and
2.1.2 Waste to Energy Projects, Power Generation Projects or Other Projects in respect
of which it has successfully raised debt financing of at least or USD 16 million in
the past 15 years in the aggregate;
2.2 The Bidder (or, in the case of a consortium Bidder, each member of the consortium)
should also provide the following financial information in the manner prescribed in the
Qualification Statement Form:
2.2.1 Certified copies of its audited balance sheets for immediate past three fiscal
years, which should be prepared in accordance with IAS/ BAS/GAAP and
Demonstrate the following:
• Profitability in 2 of the last 3 fiscal years;
• A Current Ratio (i.e. current assets divided by current liabilities) of no less
than 1:1 in 2 of the last 3 fiscal years;
• A Net Worth equal to or in excess of USD 20 million per year in 2 of the last
3 fiscal years;
provided, that, if one Member of a consortium that holds and will hold less than 5% of
the equity interest in the consortium and in the Company vehicle cannot satisfy the
financial requirements in this Section 2.2 (a 'Week Member'), the consortium Bidders
may nonetheless satisfy the qualification criteria required herein by delivering as a part
of qualification statement an Undertaking of the Lead Member and/or the Operating
Member (or a combination of them) addressed to Bangladesh Power Development
Board (BPDB) undertaking and agreeing that the Lead member and/or the operating
member, as the case may be, shall invest the equity of the member who cannot satisfy
the financial test in this section 2.2.1 to ensure the required equity investment for the
project.
2.2.2 If the Bidder is a consortium, the net worth requirement mentioned in
Section shall be split up among the consortium members, proportionate to
their equity share in the consortium. All members of the consortium must
fulfill the net worth requirement in proportion to their equity share in the
consortium.
2.3 A Bidder (or, in case of consortium, each member of the consortium) may bypass the
the financial requirements of Section 2.2.1 if the bidder or the lead member (in case of
consortium) can demonstrate that it has total assets or in excess of US$ 0.12 billion and
the Net Worth equal to or in excess of US$ 30 million. In addition to that all other
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members of the consortium must fulfill the net worth requirement in proportion to their
equity share in the consortium audited balance sheet for most recent financial years. A
Bidder or consortium member that wishes to avail itself of the exemption in this Section
2.3 must substantiate its claim by attaching to the Qualification Statement its audited
balance sheets for the immediately preceding fiscal year, which should be prepared in
accordance with IAS or BAS or GAAP.
2.4 For Purposes of calculating a Bidder's (or, in the case of a consortium, any of the
member(s)) equity raising, debt raising experience and Net Worth requirement to
determine compliance with the criteria described in Section 2.1 and Section 2.2, Only
Project/Company in which the Bidder (or in the Case of a Consortium, any of the
Member(s)) has or had an ownership interest of not less than 40% will qualify and may
be included.
3. Technical Criteria
3.1 Operating experience
3.1.1 At least 1 (One) year operating experience in waste to energy conversion
project having electricity generating capacity of 1 MW or more with a Power
Purchase Agreement and waste handling by a contract.
3.1.2 For purposes of determining compliance with the requirements of Section 3.1.1,
“successful” operation and management means all the following:
The Operation and Maintenance Agreements or the Power Purchase Agreements for
each of the cited waste to power projects.
The certificate from the Off-taker for their cited waste to Power projects. This Off-
taker certificate shall contain following information:
Name of the company who was owned and operate this waste to power
plant
Date of signing of the Power Purchase Agreement
Date of Commercial Operation Date
Capacity and availability of this waste to power plant
Name, mailing address, contact no of the Signatory of the Off-taker
Certificate.
3.2 Development Experience
3.2.1 The Bidder (or, in the case of a consortium Bidder, the Lead Member or the
Operating Member) must provide details in its Qualification Statement evidencing
its successful development at least one Waste to electricity project having
capacity of 1 MW or more.
3.2.2 For purposes of determining compliance with the requirements of Section
3.2.1, “successful” development means all the following:
• Having finalized and executed the Power Purchase Agreement (PPA) for the
project;
• Having brought the project to commercial operations.
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. The performance certificate mentioning the Commercial Operation Date from
the Off-taker for their cited waste to power projects.
Bidder will be required to provide in its Qualification Statement a list of the projects that
it wishes to cite in fulfillment of the criteria set out in this Section 3.1
3.2.3 For purposes of calculating an Bidder’s aggregate project experience to determine
compliance with the criteria described in Section 3.1, only projects in which the
Bidder (or, in the case of a consortium Bidder, the Lead Member or Operating
Member) held a majority ownership interest at the time at which such projects
achieved commercial operation will be counted.
4. Other Criteria
4.1 The Bidder shall provide the Bid Security in the form of an irrevocable and unconditional
bank guarantee, issued by a scheduled bank in Bangladesh in the format and language as
provided in Annex C, Exhibit I, Attachment I-2 (entitled “Bid Security”) of the RFP
payable to BPDB upon presentation to a bank in Bangladesh.
4.2 The validity of the Bid shall be for 9 (Nine) months from the Bid Date.
4.3 The Bidder or its parent company (or, in the case of a consortium Bidder each Member of
the consortium) must not have any litigation with a government owned or controlled entity
or power Off-taker/purchaser relating to an independent/rental power generation project in
the past 10 years.
4.4 Each Bidder must provide details in its Qualification Statement on any Material Disputes
which are either pending or have been resolved against it (or, in the case of a consortium
Bidder, any member of the consortium). If an Bidder (or, in the case of a consortium
Bidder, any member of the consortium) has a Material Dispute which is pending against it
as of the Qualification Closing Date and such Material Dispute is subsequently resolved
against the Bidder or such consortium member, the Bidder will be disqualified.
4.5 The Bidder must attach to its Qualification Statement, in the order set forth in the annex to
the Qualification Statement, certified true copies of the documents listed in that annex.
4.6 Each Bidder must pay a non-refundable processing fee of BDT 50000 .00 (BDT Fifty
Thousand ) upon the submission of its Qualification Statement. The processing fee should
be paid by an international bank draft encashable in any scheduled bank in Bangladesh or
local bank draft made payable to “Secretary, BPDB” and should accompany each Bidder’s
Qualification Statement.
4.7 BPDB reserves the right not to award the Project to any Bidder and may terminate the
bidding process at any time without thereby incurring any liability to any bidder.
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5. Exclusion Criteria
5.1 Bidders will be disqualified from the qualification process in any of the following
events:
5.1.1 Non compliance with any of the evaluation criteria and/or the requests and/or the
conditions set up in the Qualification Document or failure by a Bidder to provide any of
the required information or documentation in its Qualification Statement.
5.1.2 If any of the information submitted by a Bidder is found at any time during or after the
qualification process to have been inaccurate or misleading. 5.1.3 If a Material Dispute that is pending against a Bidder (or, in the case of a consortium
Bidder, any member of the consortium) as of the Bid Closing Date and such Material
Dispute is subsequently resolved against the Bidder or such consortium member.
5.1.4 Incomplete presentation of the documents or information requested.
5.1.5 Any clarifications requested by Bangladesh Power Development Board (BPDB) from a
Bidder are not received by a deadline reasonably set by BPDB.
5.1.6 Any consortium member participating as either a Lead Member or an Operating
Member with more than one Bidder.
6. Rejection Clause
6.1 Bidders shall be disqualified from the Qualification process in any of the following events:
6.1.1 The Bid Security amount is less than the required amount as mentioned in this Bid
Document
6.1.2 If the Bid Security has not been submitted as per clause no 4.1 and 4.3.
6.1.3 If any Litigation is pending as mentioned in Clause 4.3 as of the Bid Date.
6.1.4 Bidder offering the Required Commercial Operations Date beyond eighteen (18) Months.
6.1.5 Any Bidder or consortium Member participating in more than one Bid for this project.
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ANNEX A
THIS QUALIFICATION STATEMENT CONSISTS OF THE FOLLOWING FORMS
AND ANNEXES
a. A Qualification Cover Letter (Annex A-1), which should be signed by each Bidder
(or, in the case of a consortium Bidder, each member of the consortium).
b. A Qualification Statement Form (Annex A-2), which should be signed by an
authorized signatory of each Bidder.
c. A Signing Authorization Form (Annex A-3), which should be signed by each Bidder
(or, in the case of a consortium Bidder, each member of the consortium).
d. Each of the following annexes:
Annex A Certified true copies of the constitutional documents of the Bidder (or,
in the case of a consortium Bidder, constitutional documents of each
member of the consortium), together with certified English language
translations of such documents where the originals of such documents
are not in the English language.
Annex B (only for consortium Bidders) Certified true copy of the consortium
agreement detailing the terms on which the consortium has been
established, which should include the following information:
Identification of the Lead Member and Operating Member of the
consortium; and Extent of shareholding of each member in the
consortium.
Annex C (only for Bidders who have responded affirmatively to Question 1 of
Part B of the Qualification Statement) Certified true copies of the
Bidder’s audited balance sheets (or, in the case of a consortium Bidder,
the audited balance sheets of the Lead Member) for the most recent
financial year, which should be prepared in accordance with
International Accounting Standards (IAS)or Bangladesh Accounting
Standards (BAS)or GAAP and evidence total assets of US$ 0.12 billion
Crore and Net Worth equal to or in excess US$ 30 million.
Annex D (for Bidders who did not respond affirmatively to Question 1 of Part B
of the Qualification Statement) Certified true copies of the Bidder’s
audited balance sheets (or, in the case of a consortium Bidder, the
audited balance sheets of each of the consortium member) for the past
three fiscal years, which should be prepared in accordance with
International Accounting Standards (IAS)or Bangladesh Accounting
Standards (BAS), or GAAP and demonstrate the following according to
the Section 2.2.1:
-Profitability in 2 of the last 3 fiscal years;
-A Current Ratio (i.e. current assets divided by current liabilities)
of no less than 1:1 in 2 of the last 3 fiscal years;
-A Net Worth equal to or in excess of USD 20 million in 2 of the
last 3 fiscal years;
Annex E Documents in support of raising equity and debt experience project
development and operating experience following the criteria set in 2.1.1
2.1.2. 3.1 And 3.2
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Annex F Copies of the resolution of the Board of Directors of all the consortium
member companies /firms that include (i) its decision of the
company/firm to participate the bidding process of the Project (ii) its
equity commitment in the project company and (iii) Authorizing an
officer of the consortium member company to sign the consortium or
joint Venture Agreement on behalf of the company/firm.
Annex G : The Bid Security in the form of an irrevocable and unconditional bank
guarantee in the format and language as provided in Annex D, Exhibit
I, Attachment I (entitled, "Bid Security") of the Request for Proposal
(RFP) payable to BPDB upon Presentation to a bank in Bangladesh at
the rate of US$10,000 per MW of the offered capacity.
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ANNEX A-1
QUALIFICATION COVER LETTER
To: Secretary
[INSERT DATE]
From: [INSERT BIDDER NAME & ADDRESS]1
The Bidder, [INSERT NAME], through this letter is requesting participation in the qualification
process for Implementation of 5 MW±20% grid connected waste to Power project on Build
Own and Operate (BOO) basis at Jalkuri, Narayanganj (the “Project”) in the People’s Republic
of Bangladesh.
The Bidder hereby declares, in accordance with Section II of the Qualification Document that it:
(a) Authorizes Bangladesh Power Development Board (BPDB) to proceed with the due
diligence necessary to verify the information presented by the Bidder in connection with the
qualification process;
(b) Confirms the veracity of the information presented by the Bidder in this Qualification
Statement and otherwise in connection with the qualification process;
(c) Has not participated in the qualification process through another Bidder either directly or
through its subsidiaries and/or affiliates.
The Bidder confirms that it accepts the qualification criteria as stipulated in the Qualification
Document dated [INSERT DATE OF Qualification Document] in relation to the implementation
of the Project and waives any right to seek and obtain any court injunction or restraining order
against the Government of the People’s Republic of Bangladesh or Ministry of Power, Energy
and Mineral Resources or any other government authority involved in the implementation of the
Project to prevent or restrain the qualification process, the holding of a tender, the award of any
related contract or any proceedings related thereto.
Yours sincerely,
[Name of Bidder]23
1Consortium Bidders should include the name and address of each member of the consortium.
2Consortium Bidders should have each member of the consortium execute the cover letter.
3This form to be notarized.
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ANNEX A-2
QUALIFICATION STATEMENT FORM
Date of submission: ______________________
A: Bidder Details
Name: _________________________________________ Jurisdiction of Incorporation:
_______________________________________ Type of Organization:
corporation/partnership/limited liability company/other: _________ Mailing Address4
:
_______________________________________________________
Telephone number: _______________________ Fax number: _______________________
Contact details of representative to whom correspondence should be addressed: Name:
_______________________________________ Mailing Address:
______________________________________________________ Telephone number:
_______________________ Fax number: _______________________ (For consortium
Bidders)
Lead Member: _______________________________________ Shareholding: ________%
Operating Member: ___________________________________ Shareholding: ________%
Other members: _______________________________________ Shareholding: ________%
Shareholding: ________%
Contracted Facility Capacity Offered : ________ MW
Validity of the Bid ______ Months
Bid Security Amount ________ USD
Validity of the Bid Security
________ Months.
The Bidder should attach certified copies of the documents required as Annex A
and Annex B (if applicable) to this Qualification Statement.
4
Consortium Bidders should provide address and contact details for the Lead Member.
15
B: Financial Criteria
(1)
(a) Does the Bidder (or, in the case of a consortium Bidder, the Lead Member) have total
assets equal to or exceeding US$ 0.12 billion and Net Worth equal to US$ 30 million?
___Yes
___No
(b) In the case of a consortium Bidder, all the members of the consortium except weak
member must fulfill the net worth requirement in proportion to their equity share in the
consortium for the most recent financial year.
Bidders responding affirmatively to Question 1 should provide their audited balance sheets
(or, in the case of a consortium Bidder, the audited balance sheets of the Lead Member) for
the most recent financial year as Annex C to this Qualification Statement.
(2) Bidders who did not respond affirmatively to Question 1 should provide the following
additional information (please complete the table and then answer the questions below):
Bidder/ In
Millions
Bidder (or, in the case of
a consortium Bidder, the
Lead Member)
Member A Member B
Year Year
1
Year
2
Year
3
Year
1
Year
2
Year
3
Year
1
Year
2
Year
3
Net Income in
USD
Current Assets
Current Liabilities
Current Ratio
(a) Has the Bidder (or, in the case of a consortium Bidder, each member of the consortium)
demonstrated profitability requirement of sub-section 2.2.1 of Section II?
____ Yes
____ No
(b) Does the Bidder (or, in the case of a consortium Bidder, each member) meet a Current Ratio
of requirement of sub-section 2.2.1 of Section II?
____ Yes
________No
Bidder / In Millions Lead Member Member A Member B
Net Worth
Required Net Worth
(Taka US$ 30 millionX ……%
of equity share/100)
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Bidder/ In Millions
Bidder (or, in the case of
a consortium Bidder,
the Lead Member)
Member A Member B
Year Year
1
Year
2
Year
3
Year
1
Year
2
Year
3
Year
1
Year
2
Year
3
Total Asset
Total Liability
Net Worth
Required Net Worth
(Taka US$ 20 million X ……% of
equity share/100)
(c) Does the Bidder have a Net Worth of no less than US$ 20 million or in case of
consortium Bidder each member of the consortium has a net worth of no less than
required net worth calculated as a portion of US$ 20 million in proportion to their
equity share in the consortium?
__ Yes
___No
Bidders are required to respond affirmatively to each of parts (a) through (c) of Question
2 in order to meet the financial criteria for the qualification process. Bidders (or in case
of consortium, each member) should provide their audited balance sheets for the three
most recent financial years as Annex D to this Qualification Statement. If the Bidder is a
consortium, the net worth requirement mentioned in Section 2.2.1 shall be split up
among the consortium members, proportionate to their equity share in the consortium.
All members of the consortium must fulfill the net worth requirement in proportion to
their equity share in the consortium.
(3) Please list one or more projects in respect of which the Bidder (or, in the case of a
consortium Bidder, the Lead Member) has raised equity financing of at least US$ 4 million in the past 15 years in the aggregate.
Project
Name Offtaker Name Location Country
Completion
Date
Amount
Raised
(4) Please list one or more projects in respect of which the Bidder (or, in the case of a
consortium Bidder, the Lead Member) has raised debt financing of at least US$16 million the past 15 years in the aggregate :
Project
Name Offtaker Name Location Country
Completion
Date
Amount
Raised
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C: Technical Criteria
Operating Experience
(1) Please list each waste to electricity power generation project with a generating capacity
of 1 MW or more such project is located in respect of which the Bidder (or, in the case
of a consortium Bidder, the Lead Member or Operating Member) has successfully
operated over the past 1 year within last 15 years with a Power Purchase Agreement
and waste handling by a contract. :
Project
Name
Offtaker
Name Location Country
Completion
Date
Capacity
in KW
PPA
with
Waste
handling
contract
with
(1) Have the calculations of mega wattage for purposes of the responses to
questions (1) above been made in accordance with the requirements of sub-section 3.1
of Section II of the Qualification Document?
______ Yes
______ No
(2) Have the calculations of year for purposes of the responses to questions (1) above been
made in accordance with the requirements of sub-section 3.1 of Section II of the
Qualification Document?
______ Yes
______ No
______ No
(3) Have the Power Purchase Agreement for purposes of the responses to questions (1)
above been made in accordance with the requirements of sub-section 3.1 of Section II of
the Qualification Document?
______ Yes
______ No
______ No
(4) Have the contract for waste handling for purposes of the responses to questions (1)
above been made in accordance with the requirements of sub-section 3.1 of Section II of
the Qualification Document?
______ Yes
______ No
Development Experience
(1) Does the Bidder (or, in the case of a consortium Bidder, the Lead Member or the
Operating Member) meet the development experience requirements of sub-section 3.2 of
Section II of the Qualification Document? ______ Yes
______ No
18
(2) Please list each waste to electricity power generation project with a generating capacity
of 1 MW or more in respect of which the Bidder (or, in the case of a consortium Bidder,
the Lead Member or the Operating Member) has successfully developed
Project
Name
Off taker
Name Location Country
Completion
Date
Capacity in
MW
(3) Do all of the projects cited in the response to questions (1) and (2) above meet the
criteria for “successful” management set out in sub-section 3.2.2 of Section II of the
Qualification Document?
______ Yes
______ No
(4) Have the calculations of mega wattage for purposes of the responses to questions (1) and
(2) above been made in accordance with the requirements of sub-section 3.1.3 of Section
II of the Qualification Document?
______ Yes
______ No
D: Other Criteria
(1) Please provide details on any litigation with any governmental entity or Off-taker
relating to any power project, which are still pending. Answers may be submitted on a
separate page if necessary.
Year Nature of litigation Outcome Damages payable
------ ---------------------- ------------ -------------------------
------ ---------------------- ------------ -------------------------
------ ---------------------- ------------ -------------------------
------ ---------------------- ------------ -------------------------
E: Processing Fee
i) Has the Bidder submitted the Processing fee as per Section 4.6 ?
____ Yes ____ No
ii) Whether the submitted Processing fee is acceptable? ____ Yes ____ No
F: Bid Security
i) Has the Bidder submitted the Bid Security as per Section II A 4.1 ?
____ Yes ____ No
ii) Whether the submitted Bid Security is acceptable? ____ Yes ____ No
19
G: Attestations
We hereby certify and confirm that, as of the date of this Qualification Statement, all of the
information provided herein (including all information provided in Section D hereof with respect
to material disputes and all supporting documentation annexed hereto) is true, correct and
complete.
Signed by:
Authorized Signatory
20
ANNEX TO QUALIFICATION STATEMENT
SUPPORTING DOCUMENTATION TO BE FURNISHED BY BIDDER
We hereby submit for your examination and consideration each of the following documents:
a. A Qualification Cover Letter (Annex A-1), which should be signed by each Bidder
(or, in the case of a consortium Bidder, each member of the consortium).
b. A Qualification Statement Form (Annex A-2), which should be signed by an
authorized signatory of each Bidder.
c. A Signing Authorization Form (Annex A-3), which should be signed by each Bidder
(or, in the case of a consortium Bidder, each member of the consortium).
d. Each of the following annexes:
Annex A Certified true copies of the constitutional documents of the Bidder (or,
in the case of a consortium Bidder, constitutional documents of each
member of the consortium), together with certified English language
translations of such documents where the originals of such documents
are not in the English language.
Annex B (only for consortium Bidders) Certified true copy of the consortium
agreement detailing the terms on which the consortium has been
established, which should include the following information: -
Identification of the Lead Member and Operating Member of the
consortium; and -Extent of shareholding of each member in the
consortium.
Annex C (only for Bidders who have responded affirmatively to Question 1 of
Part B of the Qualification Statement) Certified true copies of the
Bidder’s audited balance sheets (or, in the case of a consortium Bidder,
the audited balance sheets of the Lead Member) for the most recent
financial year, which should be prepared in accordance with
International Accounting Standards (IAS)/ Bangladesh Accounting
Standards (BAS)/ GAAP and evidence total assets of USD 0.12 billion
and Net Worth equal to or in excess USD 30 million.
Annex D (for Bidders who did not respond affirmatively to Question 1 of Part B
of the Qualification Statement) Certified true copies of the Bidder’s
audited balance sheets (or, in the case of a consortium Bidder, the
audited balance sheets of each of the consortium member) for the past
three fiscal years, which should be prepared in accordance with
International Accounting Standards (IAS)/ Bangladesh Accounting
Standards (BAS) and demonstrate the following according to the
Section 2.2.1:
-Profitability in 2 of the last 3 fiscal years;
-A Current Ratio (i.e. current assets divided by current liabilities)
of no less than 1:1 in 2 of the last 3 fiscal years;
-A Net Worth equal to or in excess of USD 20 million in 2 of the
last 3 fiscal years;
Annex E Documents in support of raising equity and debt; project development
and operating experience following the criteria set in 2.1.1, 2.1.2. 3.1
21
and 3.2
Annex F Copies of the resolution of the Board of Directors of all the
consortium member companies /firms that include (i) its decision of
the company/firm to participate the bidding process of the Project
(ii) its equity commitment in the project company and (iii)
Authorizing an officer of the consortium member company to sign
the consortium or joint Venture Agreement on behalf of the
company/firm.
Annex G : The Bid Security in the form of an irrevocable and unconditional
bank guarantee in the format and language as provided in Annex
D, Exhibit I, Attachment I (entitled, "Bid Security") of the Request
for Proposal (RFP) payable to BPDB upon Presentation to a bank
in Bangladesh at the rate of US$10,000per MW of the offered
capacity.
22
ANNEX A-3
SIGNING AUTHORIZATION
To: Secretary, Bangladesh Power Development Board (BPDB)
[INSERT DATE]
From: [INSERT BIDDER NAME & ADDRESS]5
Dear Sir,
We refer to our Qualification Statement in respect of that certain for implementation of 5
MW±20% grid connected waste to Power project on Build Own Operate (BOO) basis at
Jalkuri, Narayanganj area in the People’s Republic of Bangladesh.
We hereby confirm that the following person(s) is/are authorized to execute the Qualification
Statement, together with any other documents delivered to you in connection therewith, on our
behalf
Name Passport Number /Country
of Issue Specimen Signature
We confirm that we will be responsible for any representations and/or statements made in any
documents delivered to you in connection with the qualification process which are executed by
the above persons.
Yours sincerely,
[Name of Bidder]6
Consortium Bidders should include the name and address of each member of the consortium.
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