IDC shortlists 5 companies for selection of Indeni strategic partner

FIVE companies have been shortlisted for the next stage of selecting a strategic partner for Indeni Petroleum Refinery Company Limited.

The Industrial Development Corporation (IDC) yesterday announced that out of the seven that submitted applications for pre-qualifications, five had been shortlisted.

“The Industrial Development Corporation (IDC) has today announced that five companies out of the seven that submitted applications for pre-qualification have been shortlisted for the next stage of selecting a strategic equity partner in Indeni Petroleum Refinery Company Limited,” IDC public relations manager Namakau Mukelabai stated in a statement yesterday.

“The five companies that will be invited to submit Request For Proposals (RFP) are: 1. Glencore Energy Limited of the United Kingdom 2. China Petroleum Technology and Development Corporation of China 3. Joint Stock Company Global Security of Russia 4. Sahara Energy Resources Limited of the United Kingdom; and 5. Beijing Huiersanji Green Chem – Tech Co. Ltd and Avic International Holding Corporation Consortium of China.”

Mukelabai stated that IDC was confident that the shortlisted bidders met the minimum pre-qualification criteria.

She stated that the firms shortlisted would now be invited to submit their technical and financial proposals.

And IDC chief executive officer, Mateyo Kaluba, said Indeni’s contribution to the national petroleum demand in Zambia had, since 2005, been less than 50 per cent.

Kaluba said the 50 per cent would progressively reduce if nothing was done to increase the production capacity of the plant.

“With a design capacity of 1.1 million metric tonnes per annum and achievable capacity of 850,000 metric tonnes per annum, Indeni processing capacity falls far short of the country’s combined demand of petrol and diesel, which currently stands in excess of 1.7 billion litres per annum. IDC envisions that a strong strategic equity partner will upscale the production capacity of Indeni to a level that will meet the nation’s petroleum demand for the future. Experts have projected national consumption for fuel in Zambia to hit around 3.5 billion litres by 2030,” Kaluba said.
“It is this reason that the IDC would like to ensure Indeni remains relevant to the Zambian economy even by 2075 while at the same time it plays a role in the reduction of fuel pump price.”

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