Frequently Asked Questions
CRESS · Application Process and Documentation
With reference to section 7.2, will the template contracts for the CRESA, RE SAA, NEDA Agreement, Backfeed Agreement be released soon?
What is the timeline for receiving the results as a successful bidder/complete application assume if we submit the application on September 30, 2024?
With reference to section 13.1, we understand that Single Buyer will start accepting applications from 30 September 2024 onwards, however, to clarify is there a timeline to submit (as were the case in CGPP)?
With reference to section 13.4, if our application is incomplete, will we be given opportunities to submit further documents throughout the application process?
Referring to Section 13.4(g), the approved PSS is needed for the Submission Application, and Appendix 2 requires the Application to be submitted first before conducting PSS Studies. Can we assume that Section 13.4(g) refers to PSS Stage 1 and Appendix 2 refers to PSS Stage 2? Would this mean that the PSS Study Stage 1 can already be conducted starting 30th September 2024?
For Section 13.4 (h), can the Land Lease Agreement be substituted with a MoU/Term Sheet for the purpose of application submission and only proceed to execute the definitive contract upon successful application, as it was the case with CGPP.
With reference to section 13.4(i), can we clarify if this refers to the full-fledged, definitive contract between the RED and the Green Consumer? Or can a MoU/Term Sheet suffice for application purposes, to be followed by the definitive contract upon succ
With reference to section 13.4(j), can we clarify what are the default declaration documents to be furnished? Further to this, will ST release appendices/forms similar to those required under the CGPP?
What is the expected duration for CRESS participation approval process?