

Palau senators say no to renewable energy deal
Despite broad support from Palau congressmen, the Council of Chiefs, Governors and Speakers Association, the Senate rejected the much-touted power purchase agreement (PPA) with Engie EPS on Thursday. In a 10 no and 1 yes vote, the Senate did not support the deal stating that it is “not convinced that this PPA is the best deal for Palau.” Congress's support is needed to grant Engie a sovereign guaranty to discharge the liability to the government in case of payment default.