With December deadline looming for approval of the amended and restated Power Purchase Agreement (PPA) between Palau Public Utilities Corporation (PPUC) and Engie Eps, House Speaker Sabino Anastacio calls for a decisive action by the Senate. “Vote yes or no to the PPA, so that we can either stop or move forward,” he says of […]
Tag: ENGIE EPS
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Island Times asks GridMarket CEO for some insights on microgrid project, here’s what he has to say
Island Times: For now, I have one thing in mind which I would like to have a clarification with. In my previous interview with one of the senators, it was shared that one of the Senate’s concerns is whether the Palauan people are going to pay a power bill that is fair. PPUC Board Member Brian […]
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GridMarket CEO explains why the inked PPA is the best deal for Palau
As opposing views surrounding the Power Purchase Agreement (PPA) signed by the Palau Public Utilities Corporation (PPUC) with France-based company Engie Eps continue to divide the Palauan leadership, GridMarket Chief Executive Officer Nick Davis has stepped in to explain that the proposed $0.19/kWh starting energy rate for Palau under the microgrid project is a “great […]
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GridMarket CEO breaks silence, says slow action might put microgrid project at risk
GridMarket Chief Executive Officer Nick Davis said that slow action on the microgrid project deal with the Engie Eps might put the unsubsidized microgrid project in Palau at risk. “Engie tapped into Philanthropic funding to deliver this groundbreaking initiative, but this funding is competitive and will elapse, which will result in higher cost offers for […]
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Let’s not miss the tide, says Former President
“Let’s not miss the tide,” said former President Kuniwo Nakamura, urging Palau congress to take action to approve the Power Purchase Agreement recently signed by Palau Public Utilities Corporation to purchase solar generated power from Engie EPS. “Opportunities like this don’t come every day before us so let’s grab it before we miss the tide,” […]
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Senate committee chair lays down OEK’s issues on PPA
Senate’s Committee on Public Utilities Chairperson Rukebai Inabo has laid down several concerns raised by the Olbiil Era Kelalau (OEK) on the Power Purchase Agreement (PPA) entered into by the Palau Public Utilities Corporation (PPUC) and the Engie Eps. In an exclusive interview with Island Times on Friday, October 19, Inabo said that the “sticking […]