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ABIDJAN, October 17, 2016 – A major break-through in the implementation of the CLSG interconnection project will be made when stakeholders validate and adopt the revised Power Purchase Agreements (PPA) and Transmission Service Agreements (TSAs) as the three-day high level Commercial Framework meeting convenes Monday, October 17, 2016 in Abidjan, Cote d’Ivoire.
The conclusion of these agreements is a major condition precedent to the disbursement of funds by donors for the EPC contracts. Representatives from the Ministries of Energy, Finance and the National utility of each CLSG country and donors are attending the meeting which concludes on Wednesday, October 19, 2016.
The high-level three-day Commercial Framework meetings is being chaired by the Chairman of the Board of Directors of the Liberia Electricity Corporation, Mr. Iyan Yap. Participants include TRANSCO CLSG management and technical advisors, CLSG project donors including the World Bank and the European Investment Bank, Representatives from Ministries and National Utilities of each CLSG country and West African Power Pool (WAPP).
Following discussions on the revised agreements, the meeting is expected to adopt and endorse the final agreements by the duly empowered representatives for submission to the signature of the Director Generals of national utilities. The endorsement of the agreements will fulfill the final conditions set for the first disbursement of and receive clearance from donors to sign the first contract for the construction of the CLSG interconnection line.
The PPA is a contract between two parties – one which generates electricity (which is Cote d’Ivoire) and one purchasing electricity (the CLSG countries). TRANSCO CLSG, as the transmission company, will sign the agreements with respective governments through their utilities.
Mr. James Schmidt, a resource person and consultant supporting the preparation of the commercial framework of the project is attending the meeting. The CLSG project became effective on February 13, 2015 after all the conditions set by the donors were met.
