Synergy Power Corp. from Nevada has signified interest in providing alternative energy on Rota, Hocog said.
He said the island’s legislative delegation, which he chairs, and the municipal government have yet to receive the synopsis of the power rate that the customers will be charged under the alternative energy scheme.
“I told the [company about] the high risks of investment but they’ll also get long-term benefits on Saipan,” he said.
Another company is planning to establish a $25 million alternative energy facility that will generate 3.5 megawatts through an independent power purchase scheme, Hocog said.
If it will pursue the plan, he said, the company can also provide the 10 percent mandatory renewable energy requirement on Saipan.
“I am encouraging these companies’ presence so Rota can be made as pilot project area to demonstrate the feasibility of wind mills and eventually this company can step in to Saipan to provide renewable energy,” Hocog said.
At present, he said, these companies are still working on the rate that they will charge customers and comparing it with the Commonwealth Utilities Corp.’s.
