Deadline for submission of bids for Renewable Energy extended

Energy Minister Phillip Paulwell says the deadline for the submission of bids for the supply of 115MW of electricity generation capacity from Renewable Energy will be extended by two months to June.

He also says the one per cent bond levied on all bidders will only apply after the selection process had been completed.

In addition, Paulwell said, investors need not worry about competing with the Jamaica Public Service Company as the company has indicated that it will not be directly involved in the bidding process.

Paulwell says since being issued in November 2012, the request for proposals has attracted significant attention from local and international investors, with over 80 interested parties attending a pre-bid information session held in January.

Paulwell says the changes to the bid requirements are intended to further encourage investors as the country moves to have most of its electricity generated from renewable sources by 2030.

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