IPC , Marti and liaison companies the low bidders for a power plant in Switzerland
Tenders have been opened for a 1.000 MW hydropower plant in Switzerland. IPC was a bidder for the project in partnership with Marti group, Toneatti from Switzerland and Tubau from Slovakia and the conglomerate had the lowest bid for the project. Marti group which is IPC’s partner in the project Bolungarvikurgong – approx. 5 km long underground tunnel in Iceland– is fronting the conglomerate. The bid for the power plant is approx. 70 billion i.kr.
The project is a 1.000 MW hydropower plant that uses 600 m height difference between two lakes in the Alps. The plan is to produce electricity during the high demand time of the day, but use excess energy from power plants at night to pump the water back up from the lower lake to the one at a higher altitude. The project includes tunnel making, excavating for the power house, building the power house, building the water intake structures and a concrete dam.
The contract negotiations are expected to start in the next few weeks where the proposal and reservations will be reviewed and decisions made about the continuation of the project. It is intended to start the project this year and the estimated project period is five years.