At the project preparation stage, the Relevant Authority should conduct the following activities:
- Recruit and engage advisors, including financial, technical, legal, and other advisors (such as, accounting and taxation, and environmental and social).
- Conduct asset due diligence, including technical, commercial, financial, environmental, social, legal and accounting, and tax due diligence.
- Develop the transaction structure, including an evaluation of ownership models and developing the risk allocation and commercial principles; and
- Conduct market sounding exercise.
Project Preparation Overview
The following represent details of the activities that the Relevant Authority should conduct during their Project Preparation for Asset Recycling:
