Terms of Reference: Technical Due Diligence Wind Power Project

Publication Date:

Jul 01, 2012

Sector:

Energy and Power

Topic:

Climate-Smart

Region:

Latin America and Caribbean (LAC)

Language:

English

Nature:

Terms of Reference (TORs)

Country:

Uruguay

For other information on wind energy projects, please visit Energy and Power PPPs which provides sample laws and regulations, power purchase agreements, sample terms of references and handbooks.

Presentation by the IFC on Technical Due Diligence for Wind Energy Projects.

I. Project Background

1.1 The [Lender] (“LENDER”) is considering providing limited recourse long term financing for the development, construction and operation of a 65 MW wind farm (the “Project”).

1.2 The Project is been developed by [*] (the “Sponsor”) which has established a special purpose company (“Project Company”) for the sole purpose of owning and operating the Project.

1.3 Project Company has entered into three separate 20-year power purchase agreements (“PPA”) with the National Electricity Company (“OFFTAKER”), the state-owned, vertically integrated electricity company for selling all energy produced by the Project.

1.4 Project Company is expected to enter into an EPC Contract with [*] (the “EPC Contractor”) for the construction of the Project and into an Operation and Maintenance Contract with [*] (the “O&M Contractor”). EPC Contractor and O&M Contractor are both controlled by the Sponsor. For additional information about the expected contractual structure refer to Annex A of this TOR.

1.5 The Project will consist of 44 - 1,5 MW wind turbines, which will be produced by EPC Contractor in its manufacturing facilities.

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