In the absence of glaring publicity, EWI is getting closer to...

In the absence of glaring publicity, EWI is getting closer to building the 360MW power station in Jamaica (see copy of article below which states that PPA has been signed). Given the EWI/EWC agreement (EWI can submit its Asia/Pacific region projects to EWC and EWC can take on these projects if EWC accepts the same terms and conditions as EWI has) the two major outstanding issues for EWC to take over this project are, in my opinion, as follows:
1. Will EWI submit this project to EWC for consideration (as it is clearly outside the Asia/Pacific region).
2. Will EWC (ie. the independent directors) be ready to select Slipform as the main management/building contractor.

A totally different issue relates to whether (and to what extent) EWC will be able to export any lng from Sengkang to either (or both) the 600MW Pagbilao power plant and the 360MW Jamaican power plant. While EWC has ‘the legal right’ to export its lng from Sengkang, the practicality of doing so may also, in part, depend on the extent of the certified gas reserves (ie. the larger these reserves eg. 7TCF, the more likely some of it will be sanctioned to be exported as EWC can still supply more than enough gas to the domestic market).

Daraine Luton, Senior Staff Reporter
The Jamaica Public Service Company (JPS) and Energy World International (EWI) have agreed on a power purchase agreement for the supply of electricity to the national grid.

The power will be generated from the 360 megawatt power plant project.

The Office of Utilities Regulations (OUR) is expected to announce the deal later today, which sources say includes a commitment from EWI to supply power to the JPS at US$0.12.88 per kilowatt hour.

It costs roughly US$0.40 per kilowatt to generate electricity.

The Hong Kong-based EWI has proposed to use natural gas from its own gas fields in Indonesia to fire the 360 megawatt power plant.

EWI, was selected as the preferred bidder after the consortium of Azurest Cambridge failed to meet a deadline to post its US$6.9 million bid bond as required by the OUR.

EWI will spend US$737 million on the project.

The OUR had set December 2, 2013 for the finalisation of the power purchase agreement in order for the construction of the plant to begin January 30, 2014.