360MW PROJECT: Azurest misses deadline, OUR offers Energy World International opportunity
The Office of Utilities Regulation (OUR) has confirmed that Azurest Cambridge failed to meet yesterday’s deadline to submit the $6.9 million in security bond for the 360 megawatt project.
Azurest had been given 15 days to furnish the OUR with the bond, after it was named highest ranked bidder in the bid evaluation exercise on September 18.
According to the OUR, Azurest had requested a 15 day extension to come up with the money.
However, in a release a short while ago, the OUR said the request was denied in keeping with the requirements of the OUR’s Instructions for Final Proposals.
The OUR said it will today proceed to offer the opportunity to provide base load generating capacity to the national grid to the second highest ranked bidder Energy World International (EWI).
EWI will also be given 15 days from today to provide its bid bond.
In a report last month, the Contractor General recommended that the company be excluded from the process as the energy minister, Phillip Paulwell, had acted improperly when he accepted its proposal after the deadline set by the OUR.
The Private Sector Organisation of Jamaica has also agreed that EWI should be excluded from the process.
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