The Power Cell completed the evaluation of technical bid for 450 MW Bibiyana power plant, which was submitted by the lone bidder Powertek Berhad of Malaysia.
According to official sources, the Power Cell would submit the evaluation report within two or three days to the power ministry for approval.
When contacted, Director General of Power Cell Abdul Jalil said they have almost completed the evaluation of technical bid of the Powertek.
"We're likely to submit our evaluation report on Monday or Tuesday," he told UNB.
"If the power ministry approves the technical offer, we'll then open the financial offer of the bidder to start the final evaluation," he added.
Power Cell, a reform implementing wing of the power ministry, had invited the international tender and Powertek along with German company Siemens and Korean company Kepco under a joint venture submitted only a single bid for the project on July 24.
As this was a single bid, Power Cell took only a week to complete its assessment, said another official of the Power Cell.
But doubts arise whether the power ministry will finally approve the bid to go ahead as it received only a single bid for the Bibiyana power project.
Power ministry officials said that the receipt of a single bid has put the project into uncertainty about its implementation within the stipulated timeframe.
The government had envisioned to implement the top priority project by 2011 as the country has been experiencing nagging power crisis.
Earlier, three companies qualified for the project in the pre-qualification (PQ) round to submit their final bids.
But, among the three pre-qualified bidders, only the Powertek Berhad of Malaysia submitted its bid while two others -- the USA-based AES Corporation and Chevron Corporation -- refrained from doing so.
Normally, when the government receives single bid for any project, it goes for re-tendering to ensure competitiveness in the cost and price offer, which is a very time consuming and lengthy process.
As per terms and condition of the Bibiyana project, the private sponsor will install the project on build-own-operate (BOO) basis and the government will purchase electricity from it for a 22-year period.