Ethiopian Electric Utility
ANNOUNCEMENT OF BID SECURITY AMMENDEMENT
THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
ETHIOPIAN ELECTRIC UTILITY
PROJECT PORTFOLIO MANAGEMENT UNIVERSAL ELECTRICITY
Ethiopian Electrification Program (ELEAP) Project Amendment of Bid Security for Procurement of MV and LV Switchgears
Loan No./Credit No./ Grant No.: IDA-6157 & IDA-6158
TENDER No: Lot 2, WB EEU-UEAP/2/2020-2021 (ICB Framework Agreement) Procurement of MV and LV Switchgear
The Federal Government of Ethiopia has received a credit from the International Development Association (IDA) toward the cost of Ethiopian Electrification Program (ELEAP) Project, and it intends to apply part of the proceeds of this credit to payments under call off contract that may be awarded under the framework agreement for procurement of MV and LV Switchgear.
As per our invitation for bid dated Tuesday 15 September 2020 with Ethiopian Herald stated that All Bids must be accompanied by a bid security and it shall be unconditional Bank guarantee from a reputable Bank and must be counter guaranteed by the Commercial Bank of Ethiopia and it remains valid for a period of Twenty Eighty (28) days beyond the original bid validity period. The amount and currency of the bid security shall be USD 12,000.00 (United States Dollars Twelve Thousands).
Hence, we inform you that the amount and currency of the bid security shall be amended from USD 12,000.00 (United States Dollars Twelve Thousands) to USD 226,000.00 (United States Dollars Two Hundred Twenty Six Thousands). All terms and condition for bid security shall be unchanged. Please amend the amount and currency of the bid security accordingly.
Interested eligible Bidders may obtain further information during office hours (i.e. from. 08:00 to 17:00 hours) at the address given below
Ethiopian Electric Utility Project Portfolio Management
UEAP, Procurement Logistics, Warehouse and Facilities
Office, Berges Building 3rd floor, Addis Ababa, Ethiopia