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FOCOL affiliate gains 30 year power deal

The Power Purchase Agreement (PPA) and its Significance

The 30-year power purchase agreement (PPA) between BPL and the private sector is a landmark deal that will enable the state-owned power distribution company to increase its generation capacity and improve the reliability of power supply to businesses and residents. This agreement is a significant milestone in the history of power distribution in the state, marking a new era of cooperation between the public and private sectors.

Key Features of the PPA

The PPA has several key features that make it a game-changer for BPL. Some of the key features include:

  • Increased Generation Capacity: The PPA will enable BPL to increase its generation capacity, which will help to meet the growing demand for power in the state. Improved Reliability: The PPA will also improve the reliability of power supply to businesses and residents, which will have a positive impact on the economy and quality of life. Dual Fuel Engines: The PPA includes the commissioning of two dual fuel engines, which will enable BPL to generate power from both coal and gas. * Long-term Partnership: The PPA is a long-term partnership between BPL and the private sector, which will provide stability and security for both parties. ### Benefits for Businesses and Residents**

    • Benefits for Businesses and Residents

    The PPA will have several benefits for businesses and residents in the state. Some of the benefits include:

  • Increased Power Supply: The PPA will enable BPL to increase the power supply to businesses and residents, which will help to meet the growing demand for power.

    Instead, the engines are being leased to the airline for a period of 10 years.

    The new PPA will be a 20-year contract, with the option to extend for an additional 5 years. The contract will be signed by the Bahamas Government and the PPA, with the PPA being the sole beneficiary of the contract. The contract will be administered by the PPA, with the Bahamas Government providing support and resources as needed.

    The Bahamas Utilities Company (BUC) and the Public-Private Partnership (PPA) Agreement

    The Bahamas Utilities Company (BUC) has been a vital part of the country’s energy infrastructure for decades. However, the company’s current rental arrangement with the Bahamas Government is set to change. As of 2025, all existing BUC plants will be removed from the current rental arrangement and placed under a new Public-Private Partnership (PPA) agreement.

    Key Features of the PPA

  • The new PPA will be a 20-year contract, with the option to extend for an additional 5 years. ### Benefits of the PPA

    • Benefits of the PPA

    The PPA agreement offers several benefits to the Bahamas Government and the PPA.

    The New Turbine Engines: A Leap Forward in Efficiency

    The introduction of two new turbine engines at the Hyundai plant marks a significant milestone in the company’s efforts to reduce its environmental impact. These engines, which are 35 percent more efficient than the current ones, represent a substantial improvement in the plant’s energy efficiency.

    Key Features of the New Engines

  • Higher efficiency: The new engines boast a 35 percent increase in efficiency compared to the existing ones. Improved performance: The enhanced engines are designed to provide better performance and reliability. Reduced emissions: The increased efficiency of the new engines will lead to a decrease in greenhouse gas emissions. ## The LNG Conversion: A Future-Proofing Measure*

    • The LNG Conversion: A Future-Proofing Measure

    One of the new turbine engines will eventually be converted to liquefied natural gas (LNG).

    The New Engine Technology

    The introduction of new engine technology is a significant development in the field of power generation. The new engines are designed to be more efficient, environmentally friendly, and cost-effective than their predecessors. One of the key benefits of the new engines is their 35 percent higher efficiency compared to the older turbines. The new engines are powered by liquefied natural gas (LNG), which is a cleaner-burning fuel than traditional fossil fuels. The engines are also equipped with advanced technology that allows for dual fuel capabilities, enabling the power plant to switch between different fuel sources as needed. This flexibility is particularly important for power plants that need to operate at different capacities or in different regions.

    Environmental Benefits

    The new engine technology has several environmental benefits.

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