Solar Samoa project negotiating with potential investor
The company behind a multi-million dollar solar power project in Samoa is hoping to woo a new investor in Australia.
Solar Samoa Limited suffered a set-back when a financier failed to come up with funding under an agreement signed in July.
Under the private 20 million US dollar project, 1 point 75 megawatts of solar power will be generated in Samoa each year, reducing the country’s reliance on fossil fuels.
The company chairman,Oloipola Terrence Betham says they are negotiating with an Australian solar panel installer that has the potential to fund the entire project.
“It’s a very credible party and a very serious party to provide us with the necessary technical and financing background, it’s here in Samoa right now. They’ve been here before, they’ve had discussions with EPC before and at the moment I’m meeting with them right now.”
Oloipola Terrence Betham says he hopes a new deal can signed within a month.
THE NEW COMMENTS PROCESS
To make comments, you will need to register. You can register under your real name or use a 'screen' name. This way, people will be able to follow comments and make comments back and forth to each other. If you choose to use a 'screen name' no one will know your true identity. In either case, no email addresses will be available to anyone. It is an automated process. If you have questions, email: firstname.lastname@example.org
You currently are not logged in, please LOGIN to post comments.