Will New Administrative Contracts Spell Trouble for Round 3 Auctions?
“If these newly-announced changes to the administrative contract stand, none of our projects are going to be bankable. ”
This is what a developer told me after a Bureau of Energy meeting announcing drastically tightened rules for failure to fulfill local content requirements for Taiwan’s Round 3 back on August 22nd. I asked them whether they were therefore worried about the upcoming auctions.
“This is just a hearing and the government often uses them to float ideas. Hopefully, they will course-correct to something more reasonable,” the developer said, “they have to. ”
Well, it’s now been a whole month since that meeting and there’s been no report of softening from the Bureau of Energy. It’s time to face head-on the proposed changes to the administrative contracts for Round 3, and their implications for projects. Due to the sensitivity of this issue, I have kept the names of my sources private except for when I am quoting from existing media assets.
The elephant in the roomWe kn...
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