Power Purchase Agreement Trinidad

He continued: „I would also like to congratulate the institution which, together with two (2) other local institutions: Trinidad and Tobago Unit Trust Corporation and National Insurance Board, has recently added another attractive asset in the energy sector to its portfolios by jointly purchasing GE Capital`s 10% stake in Phoenix Park Gas Processors Limited.“ During the eight years of commercial operation, TGU operates and manages the most efficient power plant in Trinidad and Tobago. „The Government considers that the amended and adapted implementation agreement is essential to maintaining the viability of POWERGEN. To do this, the government is guaranteed to meet T&TEC`s payment obligations under the 2014 Power Purchase Agreement. With electricity generation of 624 MW as of January 2016, guaranteed annual payments for T&TEC would be close to $600 million, in addition to other guaranteed electricity capture agreements for other generator sets, including Trinity Power for 225 MW and Trinidad Generation Unlimited for 720 MW,“ the minister said. POWERGEN`s experience over the past 20 years is particularly satisfactory; Powergen, however, faced a strategic decision regarding the Port of Spain facilities, which had become less and less efficient over time. With the available power of Trinidad Generation Unlimited, which is now entering the national grid, and with the end of the power purchase agreement, the conditions for moving from an aging facility to modernized power plants have become obvious. T&T`s current power generation landscape includes three independent generator sets (IPPs) that provide the Trinidad and Tobago Electricity Commission (T&TEC) with mass electricity with different obligations and contractual capabilities. . . .