The KEPCO-LG CNS consortium announced on July 4 that it won the bidding competition for the Guam Power Authority's new recyclable power generation project that encompasses the construction of a 60-megawatt solar power plant and the establishment of a 42-megawatt energy storage system.
This project will be carried out on a BOO (build own operate) basis. Under the terms of the deal, the consortium will build the facilities in Mangilao, a region on the northeastern shore of Guam, and directly operate them for 25 years to recoup its investment.
Once the capacities are completed for construction in December 2019, the facilities are expected to create over the next 25 years $340-million earnings from the sales of electric power and $800-million dividends.
On the same day, Hanwha Energy also won a bid for another project encompassing a 60-megawatt solar power plant and a 65-megawatt energy storage system which will be built in Dandan, a southern area of Agana, the capital of Guam.
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