that the Project would be about 30 percent less expensive if it were to use those rates. The second constraint is related to the site in which the Project is being developed including limited availability and high seasonal variation of hydrological resources, unavailability of favorable topography with natural head, complex geological conditions and active seismic activities. The final costs of Component 1, subject to finalization and signature of the PPA, are provided below in Table A1-4. Implementation schedule. The PPA, IA, GGA and SHA are expected to be signed by the end of October 2017. Immediately after the signing of these agreements, the PC will procure the EPC contractor. The indicative construction schedule presented by K-water, the main sponsor, is 39 months from mobilization of the EPC contractor. Based on the detailed technical and price proposal from the EPC contractor, the Project is expected to be commissioned at mid-2022. Table A1-4: Component 1 Cost Estimate (US$ million) Cost Category Cost A. EPC Cost1 1. Design and Documentation 5.16 2. General and Site Establishment 8.11 3. Diversion 5.67 4. RCC Dam 49.64 5. Intake Civil Works 10.59 6. Headrace Tunnel and Surge Shaft 35.16 7. Penstock 4.78 8. Powerhouse 6.20 9. Switchyard 0.96 10. Electro-mechanical Equipment 13.73 11. Taxes 3.82 Sub-Total (A) 143.82 B. Non-EPC Cost 1. Development Cost 20.72 2. Commitment fees 0.74 3. Contingency 16.40 4. Interest during Construction 3.98 Sub-Total (B) 41.84 Total (A+B) 185.66 1 EPC Cost based on submission in August 2016. EPC Cost is subject to price adjustments based on actual inflation rates since April 1, 2017. Source: Bank estimates. Dam safety. The PO will retain the DSAP until 1 year after commissioning of the HPF. The following plans have been prepared by the developer and reviewed by the Bank’s dam expert and the DSAP to ensure dam safety: Construction Supervision and Quality Assurance Plan Instrumentation Plan Operation & Maintenance Plan Emergency Preparedness Plan (EPP)
that the Project would be about 30 percent less expensive if it were to use those rates. The second constraint is related to the site in which the Project is being developed including limited availability and high seasonal variation of hydrological resources, unavailability of favorable topography with natural head, complex geological conditions and active seismic activities. The final costs of Component 1, subject to finalization and signature of the PPA, are provided below in Table A1-4. Implementation schedule. The PPA, IA, GGA and SHA are expected to be signed by the end of October 2017. Immediately after the signing of these agreements, the PC will procure the EPC contractor. The indicative construction schedule presented by K-water, the main sponsor, is 39 months from mobilization of the EPC contractor. Based on the detailed technical and price proposal from the EPC contractor, the Project is expected to be commissioned at mid-2022. Table A1-4: Component 1 Cost Estimate (US$ million) Cost Category Cost A. EPC Cost1 1. Design and Documentation 5.16 2. General and Site Establishment 8.11 3. Diversion 5.67 4. RCC Dam 49.64 5. Intake Civil Works 10.59 6. Headrace Tunnel and Surge Shaft 35.16 7. Penstock 4.78 8. Powerhouse 6.20 9. Switchyard 0.96 10. Electro-mechanical Equipment 13.73 11. Taxes 3.82 Sub-Total (A) 143.82 B. Non-EPC Cost 1. Development Cost 20.72 2. Commitment fees 0.74 3. Contingency 16.40 4. Interest during Construction 3.98 Sub-Total (B) 41.84 Total (A+B) 185.66 1 EPC Cost based on submission in August 2016. EPC Cost is subject to price adjustments based on actual inflation rates since April 1, 2017. Source: Bank estimates. Dam safety. The PO will retain the DSAP until 1 year after commissioning of the HPF. The following plans have been prepared by the developer and reviewed by the Bank’s dam expert and the DSAP to ensure dam safety: Construction Supervision and Quality Assurance Plan Instrumentation Plan Operation & Maintenance Plan Emergency Preparedness Plan (EPP)
Project-Appraisal-Document-PAD-P161319-2017-05-24-15-52-rev-BOS-05312017.docx