RAEOA wishes to have an investment in renewable energy

RAEOA wishes to have an investment in renewable energy

TradeInvest Timor-Leste (PHoto/Special)

DILI, 18 april 2023 (TATOLI)- Chairman of the Oecusse Ambeno Special Administrative Region Authority (RAEOA) and the Special Zone for the Social Market Economy (ZEESM), Arsenio Paixão Bano welcomed the planned investment in renewable energy by the company YieldPlay Energy Lizu, Lda.

Arsenio Paixão Bano conveyed this after meeting with the Export Promotion and Investment Agency, I.P (TradeInvest Timor-Leste) through the Directorate of Investment Promotion (DPI) as well as representatives of YieldPlay Energy Lizu, Lda at the Office of the Head of Authority, Palaban, OeCusse.

“The main meeting aimed to discuss possible private investment plans to invest in renewable energy by YieldPlay Energy Lizu, Lda,” said the official TradeInvest website.

YieldPlay Energy said Lizu, Lda will invest with a total capacity of 5MW to 10MW with an investment capital of $5 million, which will be sold to RAEOA for $0.060/KWH to $0.075/KWH.

Meanwhile, the Chairman of the RAEOA-ZEEMS, Arsenio Paixão Bano stated that the existing energy has a capacity of 17 MW, but considering that the future infrastructure development plans at RAEOA will require a larger capacity, RAEOA is very interested in this investment plan.

“Therefore, the Chairman of the Authority is committed to exploring the possibility that RAEOA will participate in the investment and is considering making an MoU between RAEOA and YieldPlay Energy Lizu, Lda in the near future,” wrote the page.

Previously, on 17 February 2023, YieldPlay Company Lizu partnered with investors from South Africa to make a presentation with TradeInvest and EDTL (Electricity Center for Timor-Leste) about their interest in investing in the renewable energy sector in the municipality of Manatuto.

“In the investment plan report, YieldPlay Lizu, Lda, is collaborating with investors from South Africa planning to make investments with a total capital of $35 to $50 million,” explained Director of TradeInvest, Arcanjo da Silva.

The main objective of investing in the renewable energy sector focuses on solar power plants with a capacity of 30 MW (Megawatt) to 100 MW, which is planned to be located in Laleia, Manatuto municipality.

The company also explained that, with technical experience in the field of renewable energy since investing in eight other countries, the company guarantees that it will increase renewable energy capacity and also reduce energy costs in TL.



Journalist: José Belarmino De Sá

Editor: Nelia B.


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