Electricity aaducation contract (AAE) for medium to large oil power plants (example 5) – standard electricity contract for use in developing countries for oil-fired power plants. Prepared by the international law firm for the World Bank as an overview of the provisions often found in air contracts at international private power plants. Type Contract C-15 (c) After notification by the host that it chooses to exercise the option exposed to section 10 (a) or 10 (b) above, the supplier establishes and provides a series of records of the facility`s operating and maintenance history, as well as a series of drawings of the entire facility. If the option price is paid, the supplier provides a sales invoice that transmits the facility to the host or encourages it to be delivered. There is no guarantee of any guarantees in this sales invoice other than a guarantee against the supplier`s defects of ownership. The supplier does everything reasonably in its power to transfer the remaining warranties from the manufacturer to the party or parts of the facility to host. (d) With respect to the acquisition of the facility and prior to the operation, the host and supplier may discuss the conclusion of an operating and maintenance contract under which the supplier will perform all or part of the operating and maintenance needs of the facility after the host acquires the facility. However, neither party is required to enter into such an agreement. (e) Where the host does not use the option to acquire the facility and the parties do not agree to a subsequent agreement on the facility before the end of the operating period, the supplier, at its own expense, will immediately decommission the facility and withdraw it within three (3) months of the end of the operating period. The host grants the offeror and his representatives appropriate access to the premises for the purpose of dismantling the facility.
In carrying out this access and decommissioning, the supplier will reasonably attempt to minimize disruption to activities at the site.Uncategorized