“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 f...