East Timor Photovoltaic IP65 Battery Cabinet Discussion

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View/Download East Timor Photovoltaic IP65 Battery Cabinet Discussion [PDF]

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4 FAQs about East Timor Photovoltaic IP65 Battery Cabinet Discussion

Who bids for solar IPP project in Timor-Leste?

For Timor-Leste, bidders are typically from legacy countries such as Indonesia, Portugal and People’s Republic of China. For the Solar IPP project, Government of Timor-Leste represented by the Ministry of Finance has provided backstop guarantee for EDTL obligations under the Implementation Agreement.

Why did DLA Piper advise Eletricidade de Timor-Leste?

DLA Piper advised Eletricidade de Timor-Leste on its first utility-scale solar PV and battery storage project with a 100MW capacity, marking a major milestone in the country’s renewable energy transition.

How has Timor-Leste benefited from a power purchase agreement (PPA)?

This landmark project included drafting and negotiating a power purchase agreement (PPA) and an implementation agreement with the Ministry of Finance, marking a significant step in Timor-Leste’s transition to renewable energy and the modernisation of its electricity infrastructure. José de Ponte, Partner in DLA Piper’s Finance practice, commented:

Does Timor-Leste provide backstop guarantee for EDTL obligations?

For the Solar IPP project, Government of Timor-Leste represented by the Ministry of Finance has provided backstop guarantee for EDTL obligations under the Implementation Agreement. Special Investment Agreement, if concluded could allow the winning bidder a leasing of the Site at a concessional rate and other benefits.