The Development Bank of Ethiopia intends to sell the following spare parts which have been repossessed from Ezana Mining Development PLC due to unsettled LC debt.

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Overview

  • Category : Industry & Factory Foreclosure
  • Posted Date : 09/15/2022
  • Phone Number : 0115245373
  • Source : Reporter
  • Closing Date : 10/25/2022

Description

Bid Announcement

The Development Bank of Ethiopia intends to sell the following spare parts which have been repossessed from Ezana Mining Development PLC due to unsettled LC debt.

  

                                                                                                   

SN Importer Name Property Location Type of Property Bid Type Level of Bid  Bid Floor Price (Birr) Date and Time of Bid
1 Ezana Mining Development  PLC Addis Ababa City Administration, Akaki Kality  Sub-city, Behind Woreda 05 Administration Spare parts  used for gold mining Machine Closed Bid First 42,423,104.02 October 25, 2022 from 10:00 AM to 12:00 PM

 

      

   Instructions

  1. Interested bidders can purchase a complete bidding document, in English, during the run of office hours from the Project Rehabilitation and Loan Recovery Directorate I of the Bank upon payment of non-refundable fee of Birr 100.00 (Birr One Hundred) in cash to Corporate Branch, and fill out the bid document with their name, the price they are going to offer and other information as required by the accompanying format. The complete Wax-sealed bid document should be received until October 25, 2022 9:50AM through bid boxes placed in the Bank’s Head Office, second tower, and ground floor starting from the third day of publication of this notice announcement.
  2. Bidders shall submit 10 %( ten percent) of the floor price only in CPO as an earnest.
  3. A winner shall pay the total purchase price within 15(Fifteen) calendar days. Failure to pay within the specified time period shall be the cause for the loss of the earnest price and cancellation of the award. Besides, the winner shall also be held responsible for the loss that may occur during re-bidding the spare parts.
  4. The Bid shall take place at the Head office of Development Bank of Ethiopia on the date and time specified in the table above.
  5. The winner is expected to pay 15% VAT (Fifteen Percent Value Added Tax), and all other legal and administrative fees and charges that are associated with the sale of the property.
  6. Only the bidders or their legal representative will be allowed to attend the bid process.
  7. Interested and eligible bidders may obtain more information from the Development Bank of Ethiopia Project Rehabilitation and Loan Recovery Directorate- I 2nd Tower 3rd Floor or through telephone 011-524-53-73 and 011-524-41-21.  The Bank can arrange a pre-scheduled visit for interested bidders, up on prior notice to the Directorate.
  8. The Bank reserves the right to cancel the bid partially or fully.

THE DEVELOPMENT BANK OF ETHIOPIA