The end of May 2014 is right around the corner folks.....
Company Offer:
- 10% less than Buyer’s current costs (estimated at $0.1026/ kWh)
- No investment cost to Buyer for installation, service, maintenance, etc., other than the cost of electricity.
Current Status:
- We have agreed on the Terms and Conditions. Price is at $0.083/ kwh, 25 years is the term and they will “collect” at the site.
- We expect to have a PPA signed by May 2014 under current conditions.
- If we experience a delay, we may pursue the Alternative Strategy at the end of May 2014, as all our studies should be completed and we should be eligible under Law 7200/7508 for a contract with ICE.
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