PPUC seeks OEK approval for $2.85M escrow account to settle Solar Pacific invoices

By Kambes Kesolei The Palau Public Utilities Corporation (PPUC) is requesting the Olbiil Era Kelulau (OEK) to approve the appropriation of $2.85 million from the FY 2024 budget. These funds would be placed in a dedicated escrow account as mandated by the power purchase agreement (PPA) with Solar Pacific Pristine Power Inc. PPUC Chairman Ngiratmetuchel … Read more