August 19, 2016

MPE cancels tender for Nyaungdon LPG Plant Joint Venture Project

THE Myanma Petrochemical Enterprise (MPE) announced yesterday that there were no successful applicants for the Nyaung Don LPG Joint Venture Project and the tender is officially cancelled.
The MPE invited prospective foreign investors to submit a Letter of Expression of Interest (LOEI) for the implementation of a Joint Venture Project at the Nyaungdon LPG Plant on 1 April 2014. A total of twenty-two companies submitted a LOEI and of those eleven companies were prequalified. The eleven prequalified companies were invited to participate in the tender process.
MPE launched the Invitation to Tender (ITT) for the prequalified companies on 1December 2015 and the tender closing date was 29 February 2016.
According to the announcement, of the eleven prequalified companies, six companies : NK Co Ltd, Korea, Sojitz Corporation, Japan, PT Titis Sampurna, Indonesia, Andaman Capital Partners, Hongkong, PUMA Energy Group Pte Ltd, Singapore, and PTT Public Company Ltd, Thailand purchased the tender documents.
“None of the above companies submitted proposals before the deadline. Therefore, MPE hereby announces that there are no successful applicants for the Nyaungdon LPG Joint Venture Project and the tender is officially cancelled,” said the announcement.—GNLM


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