South African Department of Energy issues LNG-to-Power Independent Power Producer Procurement Programme Information Memorandum – Part 1 | White & Case LLP International Law Firm, Global Law Practice
South African Department of Energy issues LNG-to-Power Independent Power Producer Procurement Programme Information Memorandum – Part 1

South African Department of Energy issues LNG-to-Power Independent Power Producer Procurement Programme Information Memorandum – Part 1

The South African Department of Energy has issued an Information Memorandum in connection with the previously announced LNG-to-Power Independent Power Producer Procurement Programme.

On 4 October 2016, the South African Department of Energy (DOE) issued a preliminary information memorandum (PIM) in connection with the previously announced 3,126 MW LNG-to-Power Independent Power Producer Procurement Programme. This was followed on 5 October 2016 by a more detailed information memorandum (IM).

Key aspects and certain related considerations are summarised below in context of a preliminary strawman legal and contractual structure.

Contents

Overview

Two-staged procurement process
Location and allocation
Scope of each Project
Strawman structure
Project vehicles
Tariff structure
Government support
Fuel flexibility
Third party access
Local participation; economic development
Contractual framework
Financing framework
Access to information
Expected milestone dates
Sequence
Additional details

Key considerations

On Project vehicles
On the tariff structure
On government support
On fuel flexibility
On third party access
On local participation; economic development
On the contractual framework

 

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