Result of the Bidding TECNICAS REUNIDAS S.A

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1 Result of the Bidding of Construction of Ashuganj 400MW Combined Cycle Power Plant Project (East) Bid ref. APSCL/MD/Pro ect-40omw ast Date: 05 Ma 2016 ADB Loan 3350-BAN: Power System Expansion & Efficiency mprovement nvestment P ram DB Loan BD-0184: 400MW Ashuganj (East) Porver Plant Efficiency m rovement Pro ect Bidder who submitted the First Stage Bid No, 2. SOLUX-ORASCOM JV Consortium between China CAMC Engineering Co. Ltd. and China Energy Engineering Group Guangdong Power Engineering Co., Ltd 3 Sarrsung C&T Corporation 1. The Consortium of Hyundai Engineering Co., Ltd., Hyundai Engineering and Construction Co., Ltd & Posco Daewoo Corporation. 5 China Tianchen Engineering Corporation 6 7 Consortium of Larsen & Toubro Limited and nelectra S.A.C.A. (L&T- nelectra Consortium) 8 Consortium of CMEC & NEPC 9 Daewoo Engineering & Constmction Co., Ltd. (Daervoo E&C) l0 11. t2 Lotte Engineering & Construction Co., Ltd. ACCONA nfraestructuras S.A-METAL CONSTRUCTONS OF GREECE. S.A. (METKA) TECNCAS REUNDAS S.A 13. Consortium SEC-AEN t7 l8 l t. CONSORTUM " DURO FELGUERA S.A. / DONGFANG ELECTRC NTERNATONAL CORPORATON" SEPCO ELECTRC POWER CONSTRUCTON CORPORATON (SEPCO D The Consortium of China National Elcctric Engineering Co., Ltd and China Energy Engineering Group Guangdong Electric Power Design nstitute Co., Ltd. Harbin Electric ntemational Co., Ltd. And Jiangsu ETERN Co., Ltd. Joint Venture (HE-ETERN JV) Essar Projects ndia Ltd and BJN group ENKA NSAAT VE SANAY A,S. Joint Venture ofltl Holdings (Pr.t) Ltd and LTL Projects (Pvt) Ltd. China National Technical mport & Export Corporation and China National Corporation for Overseas Economic Cooperation Consortium (CNTC- CCOEC Consortium) Consortium of Alfanar Construction, Shanahan Engineering and Power Mech Project Limited lq_ Page oj 5

2 Bidder whose First Stage bid was Nonresponsive and the reasons for Nonresponsiveness 2 Namc SOLUX-ORA.SCOM JV Consortium between China CAMC Engineering Co., Ltd. And China Energy Engineering Group Guangdong Power Engineering Co., Ltd 3 China Tianchcn Enginecring Corporation 4 Consortium of CMEC & NEPC 5 The Consortium ofchina National Electnc Engineering Co., Ltd and China Energy Engineering Group Guangdong Elcctric Power Design nstitute Co., Ltd. 6 Essar Projects ndia Ltd and BJN group 1 8 Joint Venture of LTL Holdings (Pvt) Ltd and LTL Projects (Pvt) Ltd. Consortium of Alfanar Construction, Shanahan Engineering and Power Mech Project Limited Reasons for Non- Rcsponsiveness forth in the bidding documcnt Volume of 3, Section-3: eligible bidder Sct forth in the bidding document Volunrc of 3, lnstructions to Section- l: Bidders, Clause TB 4.3. Volume of 3, Section-3: eligible bidder Sct forth in thc bidding document Volume of 3, nstructions to Section- l: Bidders, Clause TB 4.3. eligible bidder Set forth in the bidding document Volume of 3, Section-l: nstructions to Bidders, Clause TB 4.3. Due to incompleteness of financial status and the lack ofthe bid with regard to completeness in all, and not providing the output, heat rate guarantees the Bidder does not considered as eligible bidder Set forth in the bidding document Volumc of 3, Section-l: [nstructions to Bidders, Clause TB 24.1 Volumc ol 3, Section-3: Bidder does not fulfill thc Volume of 3, Section-3: E a-- Page 2 oj 5

3 Bidder rvho submitted the Bid Samsung C&T Corporation \ame 2 CONSORTUM " DURO FELGUERA S.A. / DONGFANG ELECTRC NTERNATONAL CORPORATON" 3 Consortium of Larsen & Toubro Limited and nelectra S.A.C.A. (L & T-nelectra Consortium) 4 ACCONA nfraestructuras S.A-METAL CONSTRUCTONS OF GREECE. S.A. (METKA) 5. TECNCAS REUNDAS S.A 6 Consortium SEC-AEN 7 SEPCO ELECTRTC POWER CONSTRUCTON CORPORATTON (SEPCO ) tt 9. Harbin Electric nternational Co., Ltd. And Jiangsu ETERN Co., Ltd. Joint Venture (HE-ETERN JV) ENKA NSAAT VE SANAY A.S 10. China National Technical mport & Export Corporation and China National Corporation for Overseas Economic Cooperation Consortium (CNTC-CCOEC Consortium) Bidder who did not submit the Bid The Consortium of Hyundai Engineering Co., Ltd., Hyundai Engineering and Construction Co., Ltd & Posco Daewoo Corporation. 2 Daewoo Engineering & Construction Co., Ltd. (Daewoo E&C) 3 Lotte Engineering & Construction Co., Ltd Bid prices as read out at bid opening Foreign Currency Re ad Out Price Samsung C&T Corporation us$ 139,091, CONSORTUM "DURO FELGUERA S.A./DONGFANG ELECTRC NTERNATONAL J. CORPORATON" Consortium of Larsen & Toubro Limited and nelectra S.A.C-A. 1l!4!TJnelectra Consortium) 4 ACCONA hrfraestructuras S.A- METAL CONSTRUCTONS OF GREECE, S.A. (METKA) s2,6t5, us$ 88,926, e 9t,721, e t67,764, us$ 97,948, ,175, TECNCAS REUNDAS S.A US$ 103,694, e 1n,921, Consortium SEC-AEN us$ l 1,338, ,000, W_ Local Currency 2,665,427, ,281,200, ,230,500, ,871,628, ,423, ,662,7 59,88t.25 Pase j ol5

4 Bid prices as read out at bid opening and evaluated prices of each bid that was evaluated,7 SEPCO ELECTRC POWER CONSTRUCTON CORPORATON (SEPCO N) 8 Harbin Electric nternational Co., Lrd. And Jiangsu ETERN Co., Ltd. Joint Venture (HEl-ETERN JV) Foreign Currency Read Out Price us$ 150,336, us$ 14,3 16, ,530, ENKA NSAAT VE SANAY A.S. us$ 27s,756, l0 China National Technical mport & Export Corporation and China National Corporation for Overseas Economic Cooperation Consortium (CNTC-CCOEC Consortium) e 25,348, us$ 108,047, ,860, Corrected Bid Price in equivalent Local Currency 3,700,324,599.00,543,689, ,200, ,824, Evaluated Bid Price in pcr KW Samsung C&T Corporation t9,433,292, , CONSORTUM " DURO FELGUERA S.A./ DONGFANG ELECTRC NTERNATONA CORPORATON" 3. Consortium of Larsen & Toubro Limited and nelectra S.A.C.A. (L&TJnelectra Consortium) 4 ACCONA nfraestructuras S.A- META CONSTRUCTONS OF GREECE, S.A. (METKA) 18,775,49, , ,906,939, , ,3t3,8t3, , TECNCAS REUNDAS S.A 2t,650,179, , Consortium SEC-AEN 17,166,698, , SEPCO ELECTRC POWER CONSTRUCTON CORPORATON (SEPCO il) 16,170,696, ,35 t.ti6 J Harbin Electric ntemational Co., Ltd. And Jiangsu ETERN Co., Ltd. Joint Vcnture (HE-ETERN JV) 15,65,606, ENKA NSAAT VE SANAY A.S 25,7 60,96t, , t0. China National Technical mport & Expon Corporation and China National Corporation for Overseas Economic Cooperation Consortium (CNTC-CCOEC Consortium) Exchange Rate: USD = 82.95, EURO: ,738,293, (Source: Selling Rale ofsonali Bank Limited, Bangladesh; Date: 27 November 2017) w..-, Page 4 oj 5

5 Bidder whose Bid was rejected and the reasons for rejection SEPCO ELECTRC POWER CONSTRUCTON CORPORATON (SEPCO ND Reasons for Rejection The bidder has changed their Guaranteed Net Electrical Output and Net Heat Rate during the clariflcation stage after 2nn Stage Bid Submission which are material deviation. This newly offered output and heat rate in the clarihcation and confirmation will affect the quality and performance of plant and services which is not acceptable according to TB 43.2 in the bidding document Volume of 3, Section-l: nstructions to Bidders. Though it fulfills the requirement of the employer and does not changes the competitive position of the bidders if accepted yet the bid should be considered non-responsive. Winning Bidder Nanre China National Technical mport & Export Corporation and China National Corporation for Overseas Economic Cooperation Consortium (CNTC-CCOEC Consortium) Contacted Price USD 108,047, Euro 48,860, ,824, Duration of the Contract Summary Scope of the Contract Total (Equivalent USD) 36 Months t77,676,838.t5 Demolition & Disposal of existing plants, Site Preparation, Development and Detailed Engineering, Design, Manufacture/Procurement, nspection & Testing, Custom Clearance, Delivery to site, Construction of related Civil Works, nstallation, nspection, Testing, Pre-commissioning, Commissioning, Performance Test and Operational Acceptance on tumkey basis of Ashuganj 400 MW Combined Cycle Power Plant (East) (the facilities), complete in all respect having a guaranteed net output of MW at site conditions (35'C, bar,98o/u relative humidity) including 2 (two) years Defect Liability Period of the facilitics. ffi Page 5 of 5

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