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OCG concerned about granting of EWI licence

Published:Thursday | March 27, 2014 | 6:57 PM

The Office of the Contractor General (OCG) has expressed concern about the Office of Utilities Regulations’ (OUR) intention to recommend granting a licence for a 381 megawatt plant to Energy World International (EWI).

The OCG is urging the regulator to establish an agreement with EWI for extension of the Bid Validity Period and await the provision of EWI’s Audited Financial Statements before making the recommendation.

Last Tuesday, the OUR’s director general, Albert Gordon said while his office is yet to receive the financial statements, the regulatory agency is now satisfied based on communication it has received from EWI's parenting company, Energy World Corporation.

That announcement to go ahead without receiving the information has resulted in the Energy Monitoring Committee, National Integrity Action and several private-sector groups warning against what they call a rush issuing the licence.

The plant is expected to come on stream in January 2016 and is to result in a reduction of more than 30 per cent in the price of electric power.


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