RE: 7 months28 Jul 2021 10:30
Whizzer, the TL lines scope is a The Build-and-Transfer contract I believe.
Basically TLOU raise the funds and complete the TL build.
Once complete they hand over the assett. This IMO is obviously why no work has started as yet. If they started the TL scope and then didn't get awarded the PPA then it would be both costly and the relationships going forward would be very tense to say the least.
TLOU's tender is priced to take into account the cost of the TL scope, they must make sure they recoup the TL scope outlay plus profit for the power generated.
It's all about the PPA award IMO.
And it's all about waiting for our "friends" to award the PPA..