A renewed focus on green energy
12 August 2011: Government finally took the wraps off its new-look green policy last week when it officially launched the Independent Power Producers (IPP) Procurement Programme.
The programme proposes a dramatic increase in green power to feed the national grid in 2014. It replaces the previously mooted Renewable Energy Feed-In Tariff (Refit) programme, in which bidders would be asked to bid for projects based on fixed tariffs.
The new approach works according to a two-phase tender system in which bidders must first meet qualification criteria (including legal, environmental and financial requirements) and will then be evaluated on bid price and economic-development objectives.