(a)
i) The 13 additional projects which signed project agreements in December 2022 are preparing for Commercial Close, which is planned to take place no later than end of March 2023 which will then lead to construction.
ii) BW 6 Projects announced on the 8th of December 2022, are preparing for signing Project Agreements no later than April 2023, which will then followed by Commercial Close which will lead to construction.
(b)
The process of appointing Preferred Bidders is as follows:
The bidders submit their proposals in response to the Request for Proposal (RFP), as issued by the Department.
Preferred Bidders then emerge from a competitive evaluation process specified in the RFP. The criteria include inter-alia, price, economic development, technical compliance and legal compliance.