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Fiji Time: 11:33 AM on Tuesday 2 September

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Potential independent power producers

By ROPATE VALEMEI
Tuesday, May 27, 2014

Update: 2:52PM THE Fiji Commerce Commission looks forward to the country generating and supplying most of its electricity requirements from renewable energy sources in the near future.

Commission chairman Dr Mahendra Reddy this morning said they have potential investors who are willing to be the countrys Independent Power Producers (IPPs), and investing millions of dollars.

In such scenario, he said the owners of the capital would benefit via higher returns, the country would benefit by making savings on its import expenditure and local economy would benefit by increased economic activity via IPPs.

He adds the environment will also benefit via less pollution and the end users will also have significant low tariff rates.

 


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