The awarding of the Solar Photovoltaic (PV) Independent Power Producers bid by Palau Public Utilities Corporation (PPUC) is expected to be awarded by February of next year with the contract expected to be signed by April, according to Acting-CEO and Chairman of PPUC Board of Directors Greg Decherong, reporting at the Palau’s national leadership meeting yesterday.
“We are working with the bidders, going back and forth and answers and questions which we expected to be resolved very soon.PPUC is working with technical assistance of Asian Development Bank (ADB) and National Renewable Energy Laboratory (NREL), a US government owned agency funded by the US Department of Energy, assessing and selecting final bidders,” stated Acting CEO Decherong.
PPUC issued a tender for solar photovoltaic independent power producer ( solar power company) to build a solar plant to supply power to Palau’s central power grid, provide energy storage systems, ensure grid stability and meet Palau’s projected energy needs, particularly its energy policy of increased use of renewable energy in February of 2019.
The bidder will build, operate and sell power to PPUC for 20 -year period at a fix rate. The selected bidder must be able to begin operation within 12 months of signing the Power Purchase Agreement (PPA) from PPUC. (L.N. Reklai)