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Telesource Energy Conversion Agreement

Sector: Power Generation (CCGT) • Location: Fiji

Source: World Bank Group

Project
Active

In February of 2003, Telesource International, Inc. announced that its wholly owned subsidiary, Telesource Fiji Limited (TFL) had been awarded a 20-year energy conversion agreement by the Fiji Electric Authority (FEA) which involved the management of three diesel power plants in Fiji. Telesource was to operate a 45.5-MW power plant located in Kinoya, a 20 MW power plant in Vuda, and a 12.5-MW pow

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The project “Telesource Energy Conversion Agreement” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Fiji. Taiyo aggregates data on it from World Bank Group.

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Description

Description

In February of 2003, Telesource International, Inc. announced that its wholly owned subsidiary, Telesource Fiji Limited (TFL) had been awarded a 20-year energy conversion agreement by the Fiji Electric Authority (FEA) which involved the management of three diesel power plants in Fiji. Telesource was to operate a 45.5-MW power plant located in Kinoya, a 20 MW power plant in Vuda, and a 12.5-MW power palnt in Labasa. The actual takeover took place on March 15, 2003. Telesource agreed to offer employment contracts to existing FEA employees on terms and conditions equal to or greater than their current arrangement with the FEA. Telesource International was a global company located in Lombard, Illinois and changed its name to Pernix Group, Inc. in October 2009. Telesource International changed its name to Pernix Group, Inc. in October 2009.

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