800MW Energy Tender Deadline Extended

The changes are designed to ensure the participation of more bidders and resolve some of the concerns of interested companies.

Carlos Colom, president of the National Electric Energy Comission (ENEE), explained that the most important change is to the ‘Act of God’ clause, which protects investors against possible actions by groups opposed to energy projects.

With the change, any party claiming force majeure must document the obstruction, administrative and judicial complaints to the relevant authorities.

They have also included a commercial definition, applicable only to those using imported energy, which can not exceed 20% of the total 800 MW requirement.

Finally, the deadline for submission of bids has been set for January 26, 2012.

Source: prensalibre.com

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