The OQ Alternative Energy (AE) Unit received formal expressions of interest from various potential equity partners to invest in the project. and its Final Investment Decision (FID) is expected to be finalised by 2023. The basis for design has been substantially completed. The process of equity partner (co-developers) selection is expected to be finalised in 2022. The Engineering, Procurement and Construction (EPC) tender preparation is ongoing and planned to be floated in 2022 soon after signing the Joint Development Agreement (JDA) with the selected co-developer(s). Potential co-developers have been evaluated, the shortlist is complete and financial advisory has been awarded. The preliminary generation and transmission license exemption for self-generation has also been obtained from Authority for Public Services Regulation (APSR).
Project is currently under design stage.
The project is still understood to be in design stage.
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