The Azurest-Cambridge Power (ACP) consortium, (Azurest Partners, Cambridge Project Development and Inergix Corp) has vowed to continue its fight to supply Jamaica with 360 megawatts of baseload energy.
"Azurest-Cambridge Power remains resolute in its commitment to providing an energy solution for Jamaica, and will continue its efforts to secure the investment capital in order to do so," the consortium said hours after the Office of Utilities Regulation confirmed that its request for a 15-day extension had been denied.
"This consortium was selected as the preferred bidder in the first instance, because it offers the most affordable plan: one that will guarantee Jamaican consumers and Jamaican industry the most substantial savings.
"ACP does not believe that Jamaica deserves to be saddled with a default alternative - which does not amount to a solution to the country's chronic energy problem," said the consortium.
... Another Bidder's Gain - EWI delighted
Head of Energy World International's (EWI) Stewart Elliot has expressed delight at being awarded the right to construct the 360-megawatt plant in Jamaica and vowed that the project will be done on time.
"We are somewhat disappointed that the other guy (Azurest-Cambridge) could not do it, but we see this as a fantastic opportunity to bring cheaper energy to Jamaica," Elliot told The Sunday Gleaner from Malta yesterday.
According to Elliot, the process is already in place to secure the bid bond before the 15-day deadline given to EWI by the Office of Utilities Regulation (OUR).
"I don't see a problem in meeting the bid bond (approximately US$7.4 million). That process was long put in place and we will be speaking to our bankers. I have been told that I should be in Jamaica by the 11th, so I'm adjusting my travel schedule to be there."
Elliot said EWI was committed to the Jamaica project from the day it submitted its bid to the OUR and that commitment remains.
The third-ranked bidder in the 360-megawatt project, Energise Jamaica, has expressed surprise and disappointment at the decision of the Office of Utilities Regulation (OUR) to name Energy World International (EWI) as the new preferred bidder.
The consortium has also challenged at least one of the bid prices announced by the OUR.
"Energise registers its complete dissatisfaction of the evaluation exercise and joins with those who have called for full disclosure of the evaluation report, along with the terms of reference given to the international consultant, Mott MacDonald," the consortium said in a release.
"Energise Jamaica distances itself from the tariff rate reported by the OUR as being from the Energise bid and would like to state that the tariff rate proposed by Energise to the OUR, using LNG (liquefied natural gas) as the fuel source, was US$0.165 per kilowatt-hour."
The consortium also challenged the OUR to state if any of the bidders had a valid and legally binding supply contract for LNG.