Conditional Approvals for RFP
Under the RFP2 document, it is stated that EMA may provide conditional approval (“Conditional Approval”) to Participants with proposals that are sufficiently attractive and suitable. After EMA has granted Conditional Approvals to participants, EMA may subsequently issue a full Importer Licence to Participants if they are able to meet certain obligations and conditions precedent. The timeline of Conditional Approval and issuance of full Importer Licence is specific to each proposal’s delivery plan.
A diagram of the process is set out below:
Conditional Approval - EMA may grant Conditional Approval to RFP Participants whose projects are sufficiently attractive and suitable, and have been preliminarily assessed as technically and commercially viable. Such approvals provide recognition to the projects and help facilitate the Participants in conducting further studies and engaging relevant countries. Conditional Approval has been granted to the following Participant(s):
Conditional Licence – Following a Conditional Approval, EMA may subsequently grant a Conditional Licence to projects that have met the conditions set out by EMA in its Conditional Approval, such as conducting further studies and engaging relevant countries. EMA would also continue to evaluate the project’s ability to meet our requirements. With a Conditional Licence, the Participant is expected to further develop its project and obtain relevant regulatory approvals, such that it is able to achieve Financial Close.
Importer Licence – Following the Conditional Licence, EMA may subsequently grant a full Importer Licence to projects that have met the conditions set out by EMA in its Conditional Licence. This licence allows the importer to conduct the business of importing electricity into Singapore.
It is important to note the following:
- At all stages, EMA is not endorsing the price and terms of such projects. Interested consumers should conduct their assessment to determine if such projects meets their needs.
- EMA may disallow a project from progressing to the next stage, if the project fails to meet EMA’s requirements.
- EMA reserves the right to amend the process above, if necessary (e.g. by adding stages).
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