Everything in the modern day is reliable to power and thus the increased consumption of power has increased to double the consumption in the late 90’s. It is the dream of every state to provide power to every household, learning institution, public and state corporation. This has enabled the oneness and uniformity regarding communication for instance internet access. The power purchase agreement between the seller of power and the purchaser is a business opportunity like any other venture that is concentrated in spending funds and also involves a lot of risks.
The source of power is subsequently diverse from wind, water, solar and geothermal. Companies participation in extracting this source of power have therefore been involved in various agreement between the state and the power providers. This therefore is a tender that requires transparency for parties that are involved. Power purchase agreement is the agreement between the power source provider the and the buyer of that power with the intention of having a profit.
These agreement entails all the concept of business in terms of regulations and rules that govern it thus it needs to be accorded the necessary respect as any other office. Corruption and embossment of funds is a vice that if not prevented cam cause mayhem in the power purchase agreement program. This agreement involves many departments and thus to avoid conflict of interest they must be independent. Everyone involved should be responsible for each code held on and these may not simply eliminate the vice of corruption.
For these agreement to be effective the responsible parties including the government should have ground officials that will help in monitoring, evaluation and implementation to eliminate the bias state of decision making and over hiking the cost to benefit only a few. Power is a universal good thus having a good power purchase agreement will not only increase the state revenue but a good source of investment. As long as power is used it must be paid for.