The state Public Utilities Commission informed Hu Honua Bioenergy on Friday that it approved its amended and restated power purchase agreement with Hawaii Electric Light Company. ADVERTISING The state Public Utilities Commission informed Hu Honua Bioenergy on Friday that it
The state Public Utilities Commission informed Hu Honua Bioenergy on Friday that it approved its amended and restated power purchase agreement with Hawaii Electric Light Company.
Harold Robinson, president of Island Bioenergy, parent company of Hu Honua, said its Pepeekeo-based power plant will be completed in December 2018.
The PUC conducted a detailed review of the Hu Honua project’s benefits and approved the company’s original power purchase agreement with HELCO in 2013. The amended, restated agreement provides HELCO customers with the same advantages as the original PPA but at a lower cost.
The amended, restated PPA extends two contract milestones to allow Hu Honua to finish its half-completed biomass facility and reduces and restructures the contract’s pricing and term.
Because the original PPA was already approved, the commission limited its review of the amended, restated agreement.
