In June 2007, the government announced the 2007 Independent Power Producer (IPP) solicitation for 3,200mw, using a power purchase agreement similar to that used in its successful 1994 solicitation. Seven projects were awarded Power Purchase Agreements (PPAs) in that round – all achieved financial close, and all but one have commenced production. On October 19 2007, 20 proposals were submitted. The announcement of successful bidders is expected before the general election on December 23 2007.
December 01 2007
