Following the announcement made on the 23rd of February, Velcan announces that the  various parties involved in the tender and PPA negotiation of the Meureubo 2 project have  not reached an agreement in the current RFP (“Request For Proposal”) Process which was launched by PLN on October 22nd, 2015.

As per the regulation, this RFP process has now been cancelled and closed.

Velcan will now reengage with the parties involved to try to find a way to restart the  procurement process and PPA negotiation. Administratively speaking this has to go through the complete re