Contact: Oller Abogados (Costa Rica)
The Government of Costa Rica is promoting a public call for tenders about design and construction a national highway (North Circumvallation, Section La Uruca â€“ Calle Blancos). The preliminary estimated amount is one hundred fifteen million dollars (USD $ 115.000.000, 00). The deadline to submit the tender offers is June 25th, 2013.
Contact: JonÃ¡s Bergstein; Bergstein Abogados (Uruguay - TAGLaw)
The Uruguayan Administration has approved so-called â€œUruguay Round IIIâ€ (â€œTercera Ronda Uruguayâ€) to be conducted during 2015 with the purpose of exploring oil in Uruguayâ€™s maritime platform.
In previous years, Uruguay carried out â€œUruguay Round Iâ€ and â€œUruguay Round IIâ€ which ended up in the award of 10 offshore platforms for oil prospection and exploration purposes. Total investment under the first two rounds amounted to U$S 1,800 million up to now. Awarded bidders include companies such as British Petroleum, British Gas, Total and Tullow Oil.
The above round is encompassed within a long-term project of the Uruguayan Administration aimed at developing and expanding Uruguay`s energy resources.
Enemalta to commence competition for new gas and electricity agreement
On the 11th of April, the Ministry for Energy and the Conservation of Water (MECW) in Malta together with Enemalta, the state utility, will be issuing an Expression of Interest for a long-term Power Purchase Agreement and a Gas Supply Agreement.
The Ministry for Energy and the Conservation of Water in the Republic of Malta is pursuing a policy for clean, lower-cost electricity to be sourced from new investors in liquefied natural gas (LNG) storage, re-gasification and natural gas supply infrastructure and a combined-cycle gas turbine (CCGT) electricity generating plant.
This new source will reduce Maltaâ€™s dependence on electricity produced from oil, and will result in corresponding reductions in both electricity costs and environmental emissions, in line with the European Union roadmap.
Enemalta Corporation will run a competition for the new energy contracts. On the 11th of April 2013 interested parties will be invited to register for an Expression of Interest (EoI) and Request for Qualification (RfQ), which will then be followed by a Request for Proposals (RFP).
The new energy supplier will be required to supply approximately 200 MW from a new gas-fired CCGT power plant and corresponding LNG facilities which may also supply a further 150MW of existing Enemalta plant, which will be converted to run on natural gas.
In the following months, independent investors will first be pre-qualified and then will be invited to bid competitively to enter into a Power Purchase Agreement and/or a Gas Supply Agreement with a pre-condition to build, own and operate their gas and power plants at Enemaltaâ€™s Delimara site to be fully commissioned by spring 2015.
As you are aware, Portugal is facing the worst economic crisis in the last 100 years. With the deficit and public debt too high, Portugal was forced to ask the IMF, the EU Commission and the ECB (aka â€œthe Troikaâ€) for financing, which came with some strings attached. Due to that, and to the fact that the Portuguese governments since the late nineties have failed to launch the reforms for a strong economy, the current scenario is looking very bad for the Portuguese. With the restrictions demanded by the Troika, and with an economy at the brink of default, we are now facing a massive consumption retraction, with the inevitable consequences on companies going bankrupt, unemployment skyrocketing, prices plunging â€“ itâ€™s not easy for a Portuguese to live and work in Portugal these days.
But oneâ€™s crisis is the other oneâ€™s opportunity. Reading the economic papers before writing this, my attention goes to the titles that say (not kidding here):
a) â€œHousing prices at the lowest everâ€,
Contact: Jaeckle Fleischmann & Mugel, LLP (Buffalo, New York, USA - TAGLaw)
The Western New York Regional Economic Development Council recently published its Buffalo Billion Investment Development Plan at the request of Governor Andrew M. Cuomo.
The Plan documents an in-depth analysis of the region's economic growth drivers, and sets forth strategies for implementation. The plan identifies three leading areas for growth in the region: Advanced Manufacturing, Health and Life Sciences, and Tourism.
Jaeckle Fleischmann's attorneys have prepared a brief summary of the strategies contained in the Buffalo Billion Investment Development Plan. Please click here to read the entire Alert.