The project has achieved Ready-to-Build (RTB) status, de-risking the development phase and securing all primary structural entitlements. The asset is currently non-operational and remains in pre-construction posture pending financial close and issuance of the Notice to Proceed (NTP).
Entitlement & Milestone Overview
| Milestone Domain |
Development Status |
Operational Status |
| Land Control |
100% secured via long-term lease / purchase options |
Non-operational |
| Zoning & Permitting |
Fully approved; discretionary approvals received |
Pre-construction |
| Interconnection / Grid Access |
Interconnection agreement executed; study phase closed |
De-energized / inactive |
| Offtake / Commercial Structure |
PPA / revenue framework established or shortlisted |
No commercial generation/revenue |
| Engineering (Basic) |
Preliminary FEED / 30–60% detailed design complete |
Construction not commenced |
Transition Plan: RTB to Commercial Operation Date (COD)
Bringing the asset to full operational capability requires execution across three remaining phases:
-
Procurement & Contracting:
-
Finalize the balance-of-plant (BOP) and Engineering, Procurement, and Construction (EPC) contract.
-
Lock in long-lead equipment supply agreements and warranties.
-
Financing & Notice to Proceed (NTP):
-
Construction, Commissioning & Energization:
-
Break ground and execute physical build-out under the designated construction schedule.
-
Conduct testing, interconnection tie-in, grid compliance trials, and final commissioning to achieve COD.
High-Level Delivery Timetable
| Milestone |
Target Horizon |
Core Objective |
| FID & Full NTP |
Month 0 |
Release funds and commence site mobilization |
| Substantial Completion |
Months 10–14 |
Mechanical and electrical completion |
| Grid Energization & Testing |
Months 14–16 |
Hot commissioning, sync trials, and punch list resolution |
| Commercial Operation Date (COD) |
Month 16 |
Transition to revenue-generating operational management |
Key Risks & Value Drivers
-
Value Realized: By advancing the asset to RTB, the project eliminates primary regulatory, land-use, and permitting risks, creating an immediate, financeable infrastructure asset.
-
Near-Term Focus: Mitigating supply-chain lead times, firming up EPC cost certainty, and closing financing to protect the target COD and projected rate of return.
