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Energy oversight group uncomfortable with EWI building new power plant

Published:Sunday | March 23, 2014 | 6:13 PM

The Energy Monitoring Committee (EMC) is concerned over what is says is the Office of Utilities Regulations (OUR) intent on proceeding with a recommendation for a licence to be issued to Energy World International (EWI).



EWI is the preferential bidder to construct the country's 360 mega-watt energy plant.



The EMC, co-chaired by investment banker Peter Melhado, says although it recognizes the OUR's responsibility in the matter, it has reservations about the lack of concrete information provided by EWI to support its application for a licence. It says information has been specifically lacking in the areas of the company's financial capability, fuel supply availability and fuel export permissions.



It says the dearth of information persists despite requests made by the OUR.



The EMC says it feels bound to express its concern with the procurement process because of the importance of the project to the economy.



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