The result of an international tender for 14 hydraulic turbine units with a total generating capacity of 9,800 megawatts for the Yangtze Three Gorges Projects Development will be announced in July or August, an official says. Yangtze Three Gorges Projects Development Corp vice-president Qin Zhongyi said China had received 37 bids from international electricity generator manufacturers including ABB (Asea Brown Boveri), GEC-Altsholm Neyrpic, Mitsubishi, Hitachi and Siemens. 'Some companies submitted bids as part of a consortium while at the same time bidding individually,' he said. Mr Qin refused to disclose the cost of the 14 turbines, each of which has a generating capacity of 700MW, but industry experts expected the cost to be at least 45 billion yuan (about HK$41.98 billion). 'We are evaluating the bids now based on criteria including the experiences of the manufacturers, function, price, technology transfer and financing,' Mr Qin said. 'We'll submit a list to the central government after the assessment and the result will be announced by Beijing during the summer.' He said nearly all the bidders were able to offer an export credit for the turbines but China's main concern was technology transfer. 'We demand the winner transfers technology to us and lets Harbin Power Equipment Co and Dongfeng Electrical Machinery participate,' he said. One of the criteria of the tender is that the winner must carry out 75 per cent of the turbine manufacture, and that Harbin Power and Dongfeng Electrical must carry out the remainder. 'Then the two mainland power equipment manufacturers will have sufficient experience to make turbines with a generating capacity of up to 700 megawatts,' Mr Qin said. 'We have no such technology so far.' The three Gorges Dam project is China's largest hydro-electric project comprising 26 turbines with a total generating capacity of 18,200MW. Mr Qin said construction of the dam was proceeding smoothly. He said Morgan Stanley and Merrill Lynch had visited the dam project and the Gezhouba Hydropower Plant, prior to an international fund raising exercise.