Monday, October 22, 2012

Commonwealth of the Northern Mariana Islands:

KUTh Energy Wants Saipan Administration to Keep its Promise (Marianas Variety)

KUTh Energy Ltd. managing 
director David McDonald 
(Courtesy Marianas Variety)
An official of KUTh Energy Ltd. has asked the Saipan administration to honor an intent to award letter it issued to the Australian-based geothermal energy company.

“It is very difficult for us to understand how this response made by Lt. Gov. Eloy Inos can be made. It is not a matter of what KUTh wanted, it is a matter of what the [Commonwealth Utilities Corporation]/government offered in the [request for proposals] to which we submitted a compliant and successful bid. We spent a lot of money preparing this bid in accordance with the RFP instructions. It is only fair, reasonable and honorable that the offering party would meet their promise,” said KUTh Energy Ltd. managing director David McDonald in an email to Variety.

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