Rule of Law means that all stakeholders shall be subject to and accountable to law that is fairly applied and enforced. An effective dispute resolution means an efficient process of resolving disputes from independent jurisdictions, whether it be judicial or extrajudicial (arbitration, mediation…).
Means the ability for the beneficiary to exercise successfully its onshore securities (i.e. guarantees, mortgages, pledges).
Means free convertibility into foreign currency, right to freely and easily open and maintain onshore bank accounts in foreign currency and offshore bank accounts, right to freely repatriate profits offshore together with no-obligation to maintain profits onshore.
The Power Purchase Agreement means the standard contract which shall be available, to be entered into between a producer of electricity (the seller) and a party which is looking to purchase electricity, also called the off-taker (the buyer). This standard agreement shall allocate a fair liability repartition between the State-owned off-taker and the grid operator.
Means a structured, stable and secured regulatory environment applicable to the sale and purchase of power on a liberal market.