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EWI performance bond not yet paid, new deadline reportedly set
7:53 pm, Fri April 25, 2014
Illustration of a power plant, using liquified natural gas, as proposed by EWI (1 of 1)
Energy World International (EWI) has not paid its performance bond as required by Jamaica's Office of Utilities Regulation (OUR), as a condition for proceeding with a licence to provide the country with a new 381 megawatt power plant.
But unlike Azurest Cambridge, which did not pay its bond and lost its status as preferred bidder, it appears Energy World International is facing different circumstances and won't be disqualified.
Last Tuesday Energy Minister Phillip Paulwell declared that he had made adjustments to the licence for Energy World and signed it, setting in motion the first steps for Jamaica to get cheaper electricity by 2016.
7:53 pm, Fri April 25, 2014
Illustration of a power plant, using liquified natural gas, as proposed by EWI (1 of 1)
Energy World International (EWI) has not paid its performance bond as required by Jamaica's Office of Utilities Regulation (OUR), as a condition for proceeding with a licence to provide the country with a new 381 megawatt power plant.
But unlike Azurest Cambridge, which did not pay its bond and lost its status as preferred bidder, it appears Energy World International is facing different circumstances and won't be disqualified.
Last Tuesday Energy Minister Phillip Paulwell declared that he had made adjustments to the licence for Energy World and signed it, setting in motion the first steps for Jamaica to get cheaper electricity by 2016.
