Model Project Development Agreement Page 51

ADVERTISEMENT

15.11.2 During construction of the Hydro Property, the Company shall submit (i) bi-annual
reports to the GON in accordance with the Electricity Regulations, 2050 and (ii)
progress reports every three (3)Months.
15.11.3 The GON shall deal exclusively with the Company in making arrangements for
providing all rights granted under this Agreement to the Company's employees,
Contractors and advisers.
Technical Details to be Complied
15.12
15.12.1 The Company shall comply with all requirements of, and cooperate fully with, the GON,
the Technical Review Panel, the Independent Engineer and the Handover Expert in
accordance with the terms of this Agreement.
15.12.2 The Company shall not carry out any material changes to the Project without the prior
approval of the GON and Technical Review Panel (or Independent Engineer as the case
may be).
Submission of Documentation
15.13
15.13.1 The Company shall, at its own cost and expense, submit to the GON three (3) hard
copies and one (1) soft copy of the design drawings, construction drawings, "as built"
drawings and other engineering details of the Project within ninety (90) Days of the
Effective Date.
15.13.2 No later than sixty (60) Days prior to commissioning of the first power unit at the Power
Station, the Company shall develop and prepare, in accordance with the Project
Specifications, procedures, manuals and drawings required for the safe and efficient
operation and maintenance of the Project. The Company shall update such procedures,
manuals and drawings as required from time to time, and shall provide such updated
procedures, manuals and drawings to the GON.
15.13.3 The Company shall provide three (3) hard copies and one (1) soft copy of all procedures,
manuals and drawings prepared under Section15.13.2 to the GON within ninety (90)
Days following COD.
15.13.4 Following COD, the Company shall submit to the GON annual reports including an
audit report and operation and maintenance details in accordance with the Laws of
Nepal, including the Electricity Regulations, 2050.
Insurance
15.14
During the Term, the Company shall, at its own cost and expense, obtain and maintain in
effect the insurances for the Project set out in Schedule 6.
GON right to power
15.15
15.15.1 The Company shall design the Project to enable the GON to offtake the contracted
electrical output generated by the Power Station into the Integrated Nepalese Power
System.
15.15.2 The Company shall deliver [Insert percentage] of the electrical output generated by the
Power Station to the GON or a designated GON Agency without charge. The terms and
conditions under which the offtake of power by the GON shall take place (including
metering, scheduling, dispatch and outages) shall be agreed between the Parties under
the Domestic Free Power Supply Agreement, provided that the Company shall be solely
responsible for the delivery of electrical output from the Power Station. The switchyard
infrastructure for such supply of power and energy to the GON shall be constructed,
operated and maintained by the Company at its own cost and expense.
45

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Legal