Petroleum Africa
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Thursday, February 1, 2018
The Zambia Development Agency (ZDA) has invited prospective bidders to submit applications to pre-qualify for participation in the sale of a majority stake in Indeni Petroleum Refinery Company Limited (Indeni) as a Strategic Equity Partner. The ZDA is looking for proposals on turnaround strategies for the refinery to ensure its future viability.
Participation in the sale of a majority stake of the Indenirefinery will be implemented in two stages, namely the pre-qualification stage to assess the applicants’ suitability in terms of financial capacity, technical capacity and proven experience in the management of an oil refinery business. The second stage is the Request for Proposal stage, during which the Pre-Qualified applicants will be requested to propose the turn-around strategies. These strategies include the investment to procure feedstock, investment to increase production capacity, lowering the pump price, increasing profitability, staff productivity, and innovative ways to collaborate with Tazama Pipeline to ensure congruence in synergies and investment to increase the capacity of the pipeline to match with the proposed increased processing capacity of Indeni.
The Pre-Qualification Application Form and supporting documents must be submitted in hard copy and deposited in the Tender Box situated at the address below no later than 3:00 pm Central African Time (CAT) on March 9, 2018. The bids should be submitted in hard copy and accompanied by a soft copy on CD or flash drive.
According to the World Bank, the refinery is inefficient and technologically unsuited for the 21st century’s fuel needs.
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