Employment Performance Contract Sample Template Page 4
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12This document has been prepared for the purposes of the
PPP IN INFRASTRUCTURE RESOURCE CENTER FOR CONTRACTS, LAWS AND REGULATIONS (PPPIRC)
website. It is a sample document FOR REFERENCE PURPOSES ONLY and SHOULD NOT BE used as a "model".
The inclusion of any legal materials on the PPPIRC website does not mean that they are in any way approved,
endorsed or recommended by the World Bank Group or its affiliates. Legal advice should be sought to determine
whether a particular legal document is appropriate for any given project, and how the specific terms of the document
should be adapted to fit the circumstances of that project
3.2.2
The GOVERNMENT and Power Company have the option to renew this Contract for a
further period on such terms and conditions as may be mutually agreed upon between them.
ARTICLE 4: Power Company'S MISSION, OBJECTIVES AND SERVICES
4.1
Power Company's Mission
Power Company hereby declares its mission as follows:
"To efficiently generate electricity at least cost; to achieve the highest standards in the production
of electricity; and to ensure its long term technical and financial viability".
The principal determinants of the Power Company's mission are:
quality of service to the UTILITY, being the sole purchaser of electricity generated by
Power Company;
generation of electricity on the basis of sound commercial principles;
effective pricing of electricity based on least cost supply criteria;
technical viability and enhanced operational efficiency;
financial profitability and solvency; and,
high quality and efficient human resources.
4.2
Objectives
Power Company's Objectives are to:
(a)
to enhance operational efficiencies of its various generation plants by reducing
auxiliary or in-house plant electricity consumption, operating and maintenance
expenditures, and fuel consumption by its thermal power plants to acceptable
international standards;
(b)
improve labour productivity by enhancing the ratio of:
installed capacity in megawatts per employee; and,
gross electricity sales per employee;
PPP in Infrastructure Resource Center for Contracts, Laws and Regulations (PPPIRC)
Reviewed: Victoria R. Delmon, LEGPS
February 2008
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