It appears that EWI (EWC) management can meet significant...

It appears that EWI (EWC) management can meet significant milestone dates (see progress re: Jamaican power plant ie. 20 year PPA ).

Energy World International, JPS execute 20-year Power Purchase Agreement
Published: Saturday January 25, 2014 | 8:44 am 0 Comments
Representatives of Energy World International (EWI) and Jamaica Public Service Company Limited yesterday formally executed the Power Purchase Agreement (PPA) paving the way for the start-up of the base load capacity project.

EWI is the company which has won the government’s bid to provide 360 megawatts of energy to the national grid.

The Office of Utilities Regulations (OUR) says it has approved the PPA which sets out the terms and conditions between the developer and the grid operator for the sale of power to the national grid.

The 20-year PPA becomes effective on the issuance of a licence to supply electricity generating capacity to EWI by the minister of energy.

EWI will be required to post a five per cent bond of approximately US$37 million.

Under the PPA, EWI will design, finance, construct, operate and maintain the power generation facility which will have a net capacity of 381 megawatts.

Construction of the plant is expected to begin in 2014, and will be completed within 26 months.