Announcement

"Azerbaijan Investment Company" OJSC (AIC) announces a tender for the selection of potential investors to invest in a project (Project) for the restoration and operation of mini hydroelectric power plants (KSES) located in Kalbajar and Lachin regions.

The purpose of the project is to restore (reconstruct) the mini hydroelectric power plants listed in Appendix 1, which is part of this announcement, on the basis of the principle of private-public partnership, to organize their operation, as well as to sell the generated energy to the state-owned network. This is why, a potential investor-partner who will participate in the project should have experience and necessary financial and technical capabilities in the relevant field.

Bidders must submit the following documents to participate in the competition:

  • Local bidders
  1. Incorporation and state registration documents (a notarized copy of charter, TIN-certificate and extract from the state register);
  2. Reference from the relevant tax authority about the absence of overdue obligations for taxes and other mandatory payments in the Republic of Azerbaijan (a notarized copy);
  3. Financial stability of the company (bank reference and audited financial statements about the financial status of the business turnover over 1 million manats annually in the last 3 years);
  4. The company's business management, team, including information on the projects implemented by the company in the field of electricity production, as well as management and operation of power plants over the last 3 years; 
  • Foreign bidders
  1. Incorporation and state registration documents
  2. Financial stability of the company (bank reference and audited financial statements about the financial status of the business turnover over 1 million manats annually in the last 3 years);
  3. The company's business management, team, including information on the projects implemented by the company in the field of electricity production, as well as management and operation of power plants over the last 3 years;
  • Note 1: Additional documents and information may be requested from the local and foreign bidders upon review.
  • Note 2: Apostilled copies of documents will be required if the foreign initiator proceeds to the next stage.
  • Note 3: The selected investor and (or investors) will conduct a financial and economic justification of the project and make a decision on its implementation if the investment efficiency is considered acceptable.
  • Note 4: The share of AIC in the authorized capital of a legal entity to be created jointly with the selected investor for the purpose of managing the project is not more than 30%. The remaining 70% of the authorized capital must be provided by the winning investor (or investors). At the same time, according to the financial model of the project, the share of AIC should be purchased by the main shareholders in the period agreed in advance between the parties.

Investors interested in participating in the bid can submit the mentioned documents to the address of Azerbaijan Investment Company OJSC until December 16, 2022, at 5:00 p.m.

Address: 

AZ 1025, Baku city, ave. 8 Noyabr 25E,

Baku White City Office Building, 3rd floor,

Tel: +994 12 488 80 10

Documents submitted later than the indicated time will be returned unopened.

APPENDIX 1.

Hydroelectric power plants available in liberated areas

 

Description

Rivers

Probable power , MVt

Annual electricity production mln, KVt/saat

Area under construction m 2

Water surface level

Low canal pound

Upper canal pound

Pressure

Stati c

Pressure

 

Counted

Counted consumption

m3/ sec

Status

Coordinates

Kalbajar region

1

Tartar 1

Tartarchay

2.4

6,8

350

2154

2343

189

166

1,71

Part of the main unit and KSES was broken, the pipes need to be repaired.

Intake (582728.00 m В, 4420604.00 m С)

Building (582135.00 m В, 4421694.00 m С)

2

Tartar 4

Tartarchay

12.8

36,8

350

1366

1523

157

138

11,14

No mains and pipes, the KSES building has been destroyed.

Intake (586923.00 m В, 4434398.00 m С)

Building (590605.00 m В, 4442561.00 m С)

3

Lev-2

( Kalbajar 4)

Lev river

1.7

5,0

350

1414

1468

54

48

4,31

No mains and pipes, the KSES building has been destroyed.

Intake (595276.00 m В, 4456007.00 m С)

Building (595272.00 m В, 4454215.00 m С)

4

Kalbajar-2

Lev river

0,9

2.5

350

1181,49

1152,61

28,88

19,88

5,2

A main unit and a pipe is available, the KSES building has been destroyed.

X 601914.00 m E

Y 4447667.00 m N

5

Meydan 1

Maydan river

2.9

8,6

350

1590

1939

349

307

1,17

The main unit, pipe and KSES building were destroyed.

Intake (604212.00 m В, 4454567.00 m С)

Building (608786.00 m В, 4456233.00 m С)

 

Total :

 

20.7

               

Lachin region

1

Hojaz

Hojazsu river

7.4

21,25

350

965

1086

121

106

8,36

The main unit and KSES building should be rebuilt. No pipe detected.

X 627656.00 m E

Y 4393868.00 m N

2

Minkand

Minkand road

Zabukh river/ Aghoghlan river

1.8

5.18

350

1550

1685

135

120

1,8

The main unit and KSES building were destroyed. The pipe must be repaired.

X 608279.00 m E

Y 4395069.00 m N

3

Qalaja 1

Minkand road

Zabukh river/ Aghoghlan river

1.1

3,22

350

1422

1685

263

232

0,58

The main unit and KSES building were destroyed. The pipe is be repaired.

X 610784.00 m E

Y 4394731.00 m N

4

Qalaja 2

Minkand road

Zabukh river/ Aghoghlan river

3.4

9,88

350

1390

1548

158

140

2,94

The main unit and KSES building were destroyed. Part of the pipe is present, the rest has been dismantled.

X 610686.00 m E

Y 4394692.00 m N

5

Malibay

Minkand road

Zabukh river/ Aghoghlan river

5.1

14,57

350

1010

1114

104

90

6,75

The main unit and KSES building were destroyed. No pipe detected.

X 624824.00 m E

Y 4386899.00 m N

 

Total :

 

18.8

             

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