The Project will be designed, built, financed, operated and maintained by an Independent Power Producer (IPP), which will be the first-ever power sector PPP in the country. Palau Public Utilities Corporation (PPUC), the national power and water utility, will be the concessionaire under the 20-year Power Purchase Agreement (PPA).
The Project is deemed crucial to achieving the Intended Nationally Determined Contribution as committed by the country, which targets to generate 45% of the nation’s total annual power generation through renewable energy sources by the end of 2025.
Full-fledged transaction advisory including monitoring support
By end of 2020, Commercial close for Phase-1 is achieved.
Phase-2 to continue towards target completion in 2025.