The International Investment Bank (the “IIB” or the “Bank”) provided a loan of up to EUR 30.9 million to the Zvolenská teplárenská, a.s. in the City of Zvolen in the Central Slovakia.
The Bank’s financing is aimed to replace existing coal-powered combined heat and power plant ceased to meet emission limits with wooden biomass fired heating plant including rehabilitation works, supply and installation of biomass and gas boilers. The Company plans to construct a new biomass-based district heating plant of total capacity currently planned at 77.5 MWt consisting of several heat-only boilers. The new district heating plant will be located in already existing, but unused building on the main land of the Company near the existing heating plant and will be connected to the existing heat distribution network.
Description of actual services provided within the assignment
- Project management support to co-ordinate, administer, manage, monitor and evaluate all the aspects of the Project with the main focus on project, procurement, financial and contract administration (FIDIC Yellow Book)
- Providing oversight in compliance with regular reporting required by the IIB for implementation of the project and the loan
- Preparation of utilization requests to the Bank for payments under the contracts
- Preparation of integrated time schedule for progress meetings with various parties; attending meetings together with representatives of the Company to support the Company’s overall programme, receiving responses and comments on reports, and discussing the Project issues on a regular basis with Company and other key stakeholders
- Advisory the Company on procurement strategy and its updates
- Assisting the Company
• to prepare tender documents for supply & installation of the district heating plant and for construction supervision/FIDIC engineer
• with drafting particular conditions of the contract for supply & installation of the plant with accordance with general conditions of contract (FIDIC Yellow Book)
• with preparation of responses to requests for clarifications and amendments to the tender documents
• with organisation of site visits and pre-tender meetings with potential tenderers
• during tenders opening session and draft the tender opening minutes
• with the evaluation of tenders and preparation of evaluation reports
• with preparation of notifications of contracts award and notices to unsuccessful tenderers
• with advising the Company before the contract signing and later during implementation with procedures of FIDIC contract administration
Client testimonial
“Aspiro provided timely and effective on-site support even during the Christmas time. Aspiro’s consultants well managed the communication between the Bank, technical consultants and the tenderers and helped to mitigate the risks that arose during the procurement process and played a key role in successful procurement. Along the way they demonstrated required professional skills as well as inspired new thinking and ideas. Aspiro successfully continues providing technical assistance within the scope of their assignment.”