Timor-Leste BESS

What is a Timor-Leste electrical contract?

to support the development of the renewable energy industry and to improve the stability of the electrical grid in Timor-Leste (the Contract) through a fair, transparent and competitive bidding process in accordance with the Timor-Leste Law and international best practices (Bidding Process).

Why did DLA Piper advise Eletricidade de Timor-Leste?

DLA Piper advised Eletricidade de Timor-Leste on its first utility-scale solar PV and battery storage project with a 100MW capacity, marking a major milestone in the country’s renewable energy transition.

Does Timor-Leste provide backstop guarantee for EDTL obligations?

For the Solar IPP project, Government of Timor-Leste represented by the Ministry of Finance has provided backstop guarantee for EDTL obligations under the Implementation Agreement. Special Investment Agreement, if concluded could allow the winning bidder a leasing of the Site at a concessional rate and other benefits.

Does Timor-Leste have a credit rating?

Timor-Leste is not rated by any international credit rating agencies. The country, with its state-owned enterprise and the financials relatively less known to the private developers and lenders, introducing the same level of competition for an international tender as in other larger, more developed countries could be challenging.

Who advised Eletricidade de Timor-Leste on a PPA?

Related professionals: José de Ponte Marnie Calli Lisa Huynh DLA Piper advised Eletricidade de Timor-Leste on a PPA to develop Timor-Leste’s first solar PV power plant and battery energy storage system.

Why should Timor-Leste invest in solar & storage infrastructure?

José added: “The investment in Timor-Leste’s solar and storage infrastructure is transformative. It will help reduce dependence on fossil fuels while improving grid stability and energy access across the country”. José de Ponte was supported by special counsel Marnie Calli, senior associate Lisa Huynh and solicitor Jeraldine Mow.