Guerdane Project. Introduction of Private Sector Participation in Irrigation
|
|
- Brianne Oliver
- 6 years ago
- Views:
Transcription
1 Guerdane Project Introduction of Private Sector Participation in Irrigation
2 Guerdane Project : Context In 2001, GOM decided to explore possibility of PSP in irrigation, beyond users association schemes Decrease public spending more efficient water management Innovative proper structuring was critical IFC was recruited in December 2001 to act as lead advisor for the structuring and implementation of a pilot PSP project in Guerdane In-house transaction managers and outsourced specialized consultants First bid failed due to lack of competition re-launched with key adjustments to pre-selection criteria Second bid was successful Competitive situation resulted in major savings for consumers
3 A Conservation Project Covers 10,000 hectares in Souss-Massa region (near city of Agadir) Cultivated with citrus groves (including export products) Over 100,000 people estimated to be earning a living (directly or indirectly) from citrus farming in the region Land owned by 670 farmers, noted for high-level productivity and innovative commercialization Private wells are currently the only source of irrigation water Due to over-exploitation, the groundwater table level is diminishing by 2.5 meters per year on average Several farms are abandoned every year as wells dry up or water pumping costs become unaffordable
4 The Project - Concept Delegation of public service to private sector 30-year concession Build-Transfer-Operate (BTO) scheme: Private sector will be responsible for construction (including its financing) Upon completion, infrastructure is transferred to the state Operation of infrastructure is delegated to private sector Surface water allocation of about 45 million m 3 Cost of infrastructure estimated at USD85 million (conveyance pipe + network)
5 Supply Risk Assessment Moderate supply risk for Project: 45 million m 3 of water allocated Based on historical analysis, water supply is likely to average 43 million m 3 due to 4-5 years of important drought by 30-year period Irregular drought pattern Regulation by contract to ensure water supply for Project Supply contract between conceding authority and Agence de Bassin Yearly revenue deficit from water shortages limited to 15% of normal volume Users partially assume demand risk though tariff surcharges (limited to 10% of tariff) Government will reimburse all deficit not covered by above mechanisms (i.e. beyond 22.75% of volume allocated to Project)
6 Demand Risk Assessment Linked to citrus groves produced in region 4000 m 3 /ha Demand risk is limited Demand based on farmers paying a price of up to USD 0.20/m 3 to extract ground water Public sector contribution would help maintain water tariffs at range of current pumping costs, making them affordable for farmers Demand expected to increase as depletion of ground water continues
7 Demand Risk Mitigation Mitigation mechanisms Initial subscription Subscribers have been identified Subscribers pay an initial fee (approx. USD800 per ha) Water is allocated among subscribers according to overall and individual demand Water (4000 m 3 per ha) that is not subscribed for is reallocated among farmers who need more Farmers who do not use part of their water lose their right to the unused volume, to the benefit of others If demand is insufficient, subscription will be open to other farmers in the area (outside target beneficiaries) Construction will not start until 80% of the water is subscribed for
8 Other Project Risks Construction (delays, flaws) Operation (efficiency, collection of payments, etc.) Force majeure Case of earthquake risk Fait du Prince E.g., change in the volume of water allocated to Guerdane
9 Tariff Structure Fixed and variable tariff components: Fixed: annual pre-payment of 20% of subscribed water volume determined at initial subscription Variable: based on water consumption during agricultural campaign Ability to suspend water provision for non-payments Subsequent non-distributed water made available as priority to farmers on waiting list
10 Public Sector Contribution Commercial tariffs based on the true economic cost of service may be too high relative to affordability/willingness to pay of farmers Public sector contribution (subsidies) could reduce the tariffs required for the private investor to realize its return on investment Balance is key between the public sector contribution and the incentives for economical use of water Public Sector Contribution Tariffs No incentives for economical use of water Actual Cost Pumping Ground Water Too high for farmers
11 Bid Structure GOM s objective is to obtain lowest tariff for a given amount of public contribution Public contribution amount was fixed with affordable tariff in mind Model was run to obtain a tariff range of Dh (USD0.15-USD2.2) per cubic meter Sensitivities on construction costs, water availability and demand, etc.
12 Financing Public sector contribution: 475 million Dh (about USD50) 50% direct subsidy 50% soft loans (30-year maturity, 20-year grace, 1% interest) Private sector contribution: the remaining construction costs, plus all operation and other costs Users are to pay a subscription fee which will amount to approx. USD8 million in total
13 Transaction Structure Agence de Bassin Water Supply ORMVA Delegating Authority Water Distribution Private Sector Concessionaire Users Tariff Payment Hassan II Funds Public Contribution
14 Pre-qualification of Investors Objective: pre-selection based on financial and technical criteria Expertise in irrigation network operations (operator) Expertise in construction of hydraulic infrastructure Financial Capabilities Resulting consortium structure (2 nd round of tender process): Led by local financial investors Teamed up with construction firms (local or international) Retaining the services of operators (local or international)
15 Bidding Process Government objective: obtain the least tariff possible Focus on competitive transparent bidding process Single criterion for bidding: based on proposed tariff (financial offer) Strict obligations/performance standards established in contractual documents ( Cahier des Charges ) All bidders bid on the same contractual documents with identical service obligations Apart from those obligations, concessionaire has flexibility in the technical design of Project, such as the choice of construction materials
16 Re-Launching of Tender In first attempt, few investors pre-qualified (local and international) Contractual documents finalized prior to tender, based on comments from potential bidders Shortly before the tender was launched, only one potential bidder remained After some discussion on whether to proceed with a negotiated deal with a single investor, a second attempt for a competitive tender began: Contractual documents based on finalized form from previous attempt Tender open to all investors wishing to participate (so long as they signed a confidentiality agreement) Qualification criteria reviewed based on changes in global economic environment Verification of technical and financial capabilities upon bid opening no prequalification
17 Results Bids received from 2 consortia, both led by local financial investors Both bidders met the criteria for technical and financial capabilities, and submitted responsive bids in accordance with the bidding procedures Results were outstanding, especially given the base price of Dh/m 3 estimated for the Project: The losing bidder s financial offer was 1.88 Dh/m 3 The winning bidder s financial offer was 1.48 Dh/m 3 ONA, CDG, InfraMan, BRL Farmers are thus set to enjoy a substantially favorable tariff, on top of the high quality of service expected from private sector operation The winning bidder, led by the Moroccan conglomerate Omnium Nord- Africain (ONA), will be Morocco s first ever domestic private infrastructure operator in irrigation projects
Draft PPP Policy Outline
Note 7 May 2012 Draft PPP Policy Outline This note is the seventh in a series of notes on developing a comprehensive policy, legal, and institution framework for public-private partnership (PPP) programs.
More informationDeveloping the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager
Developing the Power Sector through Private Investment in Mongolia Edgar Saravia Program Manager October 2008 Setting the Context Government of Mongolia ( GoM ) wishes to introduce PSP in power generation
More informationPublic Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized CONFORMED COPY
Public Disclosure Authorized CONFORMED COPY LOAN NUMBER 3587 MOR Public Disclosure Authorized Loan Agreement (Second Large Scale Irrigation Improvement Project) between KINGDOM OF MOROCCO and Public Disclosure
More informationPPPs in Brazil: a brief overview
THE PPP X-CHANGE, The GOI-ADB PPP Workshop, January 2010 PPPs in Brazil: a brief overview Isaac Pinto Averbuch Program Director Mumbai - Jan/2010 About Brazil Map of Brazil Brazil is located in Eastern
More informationWater Rates Adjustments Phase 2
Water Rates Adjustments Phase 2 Presented by Shana E. Epstein Director of Public Works, City of Beverly Hills Background Phase 1-Effective January 18, 2018 5-year revenue requirement 3% annual increase
More informationSeminar on African Electrical Interconnection. Module 6 - Financing Interconnection Projects
Seminar on African Electrical Interconnection Module 6 - Financing Interconnection Projects Module 6 - Financing Interconnection Projects Contents 1) Major Financing Features 2) Basic Financing Approaches
More informationPre-Qualification Questionnaire (PQQ)
June 4, 2015 Pre-Qualification Questionnaire (PQQ) for New offshore Wind Tenders in Denmark Kriegers Flak Side 1 Table of contents 1. INTRODUCTION... 4 SECTION I... 5 2. QUESTION SET A: ORGANISATION AND
More informationIPP TRANSACTION ADVISOR TERMS OF REFERENCE
IPP TRANSACTION ADVISOR TERMS OF REFERENCE Terms of reference for transaction advisor services to the Government of [ ] for the [insert description of the project] (the Project ). Contents 1. Introduction
More informationQuestions Answers. Numerous answers have been provided to questions (a), (b), (c) and (d) please, consult the previous replies.
Questions Answers 1. Please confirm whether the certificate, confirming the content of Form F, Part 1, Schedule 3 from the Tender Documentation, shall be in a pre-approved template form. No, there is no
More informationMobilizing Private Capital for Energy Efficiency through PPP Structures
Mobilizing Private Capital for Energy Efficiency through PPP Structures ADB s PPP Transaction Support for the State of Melaka s Large-scale LED Street Lighting Project, Malaysia 8 June 2017 Asia Clean
More informationPublic Private Partnerships IFC s Global Experience
Public Private Partnerships IFC s Global Experience Martin Spicer Principal Investment Officer Municipal Fund International Finance Corporation Moscow, February 10, 2005 1 Presentation Outline Introduction
More informationCOPY FILE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION. September 23, 1969 REPORT AND RECOMMENDATION
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized FILE COPY RESTRICTED Report No. P-742 This report was prepared for use within the Bank
More informationThe development of offshore wind - The case of Denmark
9 February 2017 The development of offshore wind - The case of Denmark Camilla Holbech, Deputy Manager Danish Wind Industry Association Zooming in on the Danish wind industry More than 30,000 employees
More informationApplicability of Spanish PPP experience to Russian market
Applicability of Spanish PPP experience to Russian market Fernando Gutiérrez de Vera Chairman of SEOPAN Concessions Commission 21 October 2008 1 What is SEOPAN? The Association of Major Spanish Contractors
More informationECOTEC in association with CESAM, CLM, University of Gothenburg, UCD and IEEP (CR)
Abstraction permits represent a natural resource endowment, which may justify an accompanying payment to the entity which controls property rights. Still, abstraction taxes are relatively rare in the EU
More informationS E C T I O N. two. Power
S E C T I O N two Power 32 VOLUME 15: EXAMPLES OF SUCCESSFUL PUBLIC-PRIVATE PARTNERSHIPS 3 Nationwide Water and Power, Gabon P R O J E C T S U M M A R Y In July 1997, the Government of Gabon signed a 20-year
More informationTOWN OF ORO VALLEY WATER UTILITY COMMISSION WATER RATES ANALYSIS REPORT OCTOBER 7, 2009
TOWN OF ORO VALLEY WATER UTILITY COMMISSION WATER RATES ANALYSIS REPORT OCTOBER 7, 2009 EXECUTIVE SUMMARY The functions and duties of the Oro Valley Water Utility Commission include reviewing and developing
More informationRules for Standard Offer Service Auction
Charles River Associates and Market Design Inc August 11, 1997 Rules for Standard Offer Service Auction This document presents the rules for Eastern Utilities Associates auction for standard offer service.
More informationOutput-Based Aid for Water and Sanitation in Africa (learning points from three GPOBA pilots)
Output-Based Aid for Water and Sanitation in Africa (learning points from three GPOBA pilots) World Bank Water Week 27 February 2007 1 Agenda 1. The GPOBA pilot in Uganda - Water supply in Small Towns
More informationIRIS, The Alliance for Water Stewardship, and the Investor Perspective
IRIS, The Alliance for Water Stewardship, and the Investor Perspective IRIS Standards Series February 28, 2018 1 Agenda Background on the Alliance for Water Stewardship (AWS) How the AWS Standard & IRIS
More informationMITIGATING THE IMPACT OF THE FINANCIAL CRISIS ON THE URBAN POOR USING RESULTS-BASED FINANCING SUCH AS OUTPUT-BASED AID FOR SLUM UPGRADING
INFRA GUIDANCE NOTES THE WORLD BANK, WASHINGTON, DC May 2009 IN-1 MITIGATING THE IMPACT OF THE FINANCIAL CRISIS ON THE URBAN POOR USING RESULTS-BASED FINANCING SUCH AS OUTPUT-BASED AID FOR SLUM UPGRADING
More informationThe IMF & MCC requirements to Ghana
The IMF & MCC requirements to Ghana.What does it mean? Quarterly effective review of electricity rates Privatization of ECG Revision of VAT thresholds before August 2015 Has Africa really benefitted from
More informationMilkCoin. milkcoin.io
Investments in Agricultural Development Project in the Voronezh Region in Russia (vertically integrated milk production complex for 2400 dairy cows/cultivated areas of 3500 hectares of land) MilkCoin.
More informationPublic Hearing on Water and Sewer Rates. September 20, 2017
Public Hearing on Water and Sewer Rates September 20, 2017 Agenda Discuss Proposed Rates Impacts to Reserves and Financial Performance Rate Protest Comments Cost of Service and Rate Structure Study Recommendation
More informationTrends port concessions
Trends port concessions 23 May 2012 Jerusalem Wout Korving The www.iaphworldports.org Contents 1. Some facts and figures in port concessions 2. Qualitative features of port concessions 3. Qualitative assessment
More informationDetailed Recommendations 2: Develop Green Funds
Detailed Recommendations 2: Develop Green Funds 2 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the People s Bank of China and
More informationBAYVIEW IRRIGATION DISTRICT #11 s DROUGHT CONTIGENCY AND WATER ALLOCATION PLAN
BAYVIEW IRRIGATION DISTRICT #11 s DROUGHT CONTIGENCY AND WATER ALLOCATION PLAN Page 1 of 5 Section I: Declaration of Policy, Purpose, and Intent The Board of Directors of the Bayview Irrigation District
More informationDraft of bidding terms and Production Sharing Contract for the first Petróleos Mexicanos (Pemex) Shallow Water Farm-Out were published by the CNH
March 8, 2017 ENERGY ALERT Draft of bidding terms and Production Sharing Contract for the first Petróleos Mexicanos (Pemex) Shallow Water Farm-Out were published by the CNH On March 7, 2017, the Mexican
More informationCity of Fridley Water and Sewer Rate Study. Jessica Cook 9/25/17
City of Fridley Water and Sewer Rate Study Jessica Cook 9/25/17 1 Utility Funds They are Enterprise Funds 1. Should pay for Capital Outlays Operations Replacement Reserves Debt 2. Should be flush with
More informationIrish Water Charges Plan
Irish Water Charges Plan Scheme of charges applicable from 1 st January 2017 to 31 st December 2018 Water and Wastewater charging arrangements for Domestic and Non-Domestic Customers Reg_PP_IW-WCP-001
More informationFinancial Results for the First Quarter Fiscal Year Ending December 2015 Investor Relations Presentation Materials
Financial Results for the First Quarter Fiscal Year Ending December 2015 Investor Relations Presentation Materials ISEKI & CO., LTD. Susumu Tada, Director & Senior managing executive officer August 7,
More informationAppendix 5D Water Transfer Analysis Methodology and Results
Appendix D Water Transfer Analysis Methodology and Results 0 Appendix D Water Transfer Analysis Methodology and Results D. Introduction This appendix provides a detailed description of the transfers analysis
More informationUndertaking Successful PPPs in Kazakhstan
Undertaking Successful PPPs in Kazakhstan Stephen Watson Head of Service PPP Astana, Kazakhstan 24 October 2013 image courtesy of stock.xchng Contents PPP Principles PPPs in Kazakhstan Renewables in Kazakhstan
More informationBENCHMARKING PPP PROCUREMENT 2017 IN MOZAMBIQUE
BENCHMARKING PPP PROCUREMENT 2017 IN MOZAMBIQUE Regulatory and Institutional Framework for PPPs Does the regulatory framework in your country allow procuring PPPs?. specify the relevant regulatory framework
More informationAttachment G. Glossary for Duke Energy Ohio, Inc. s Competitive Bidding Process Auctions
Attachment G Glossary for Duke Energy Ohio, Inc. s Competitive Bidding Process Auctions GLOSSARY In the event of a conflict between this Glossary and the Master SSO Supply Agreement with respect to the
More informationII. Proposal and Contractor Qualification Package Requirements
I. Background and Intent REQUEST FOR PROPOSALS: WEBSITE DEVELOPMENT Career Street (CS) began as a community service program of the Erie County Vocational-Technical School Foundation (ECVTSF) in February
More informationPPP Regulation in Jordan
PPP Regulation in Jordan We, Abdullah the Second Bin Al-Hussein, King of the Hashemite Kingdom of Jordan, pursuant to Article (31) of the Constitution and what was decided by the Council of Ministers on
More informationPresentation to the Ethiopia Government Delegation to Canada on PPP. Peter Kieran May 15, 2014 Ottawa, Ontario
Presentation to the Ethiopia Government Delegation to Canada on PPP Peter Kieran May 15, 2014 Ottawa, Ontario Overview Who is CPCS? Public-Private Partnerships / Transaction Advisory Services Example:
More informationIFC Transaction Advisory Services Creating opportunity where it s needed most. From Concept Design to Project Execution
IFC Transaction Advisory Services Creating opportunity where it s needed most From Concept Design to Project Execution ECREEE Abidjan, March 2014 Introduction and agenda Introduction and agenda Introduction:
More informationDetailed Guidelines for Agro-Fisheries Product Tariff Rate Quota. Recommendation and Import Management. Pursuant to the Free Trade Agreement Between
Detailed Guidelines for Agro-Fisheries Product Tariff Rate Quota Recommendation and Import Management Pursuant to the Free Trade Agreement Between the Republic of Korea and the United States of America
More informationNote No. 183 April Rail and Subway Concessions in Rio de Janeiro. Designing contracts and bidding processes
Public Disclosure Authorized Public Disclosure Authorized Privatesector P U B L I C P O L I C Y F O R T H E Note No. 183 April 1999 Jorge M. Rebelo Rail and Subway Concessions in Rio de Janeiro Designing
More informationPolicy measures introduced in order to achieve energy savings among final customers in the Czech Republic
MINISTRY OF INDUSTRY AND TRADE Department of Electrical Engineering December 2013 Policy measures introduced in order to achieve energy savings among final customers in the Czech Republic pursuant to Article
More informationMarch 7, 2018 ENERGY ALERT
March 7, 2018 ENERGY ALERT CNH publishes the drafts of the bidding terms and License Contract for Round 3, Third Call / Contractual Area Misión Production Sharing Contract execution Summary Bidding terms
More informationOverview of the framework
Overview of the framework Need for a framework Economic growth and trade expansion in recent years have enhanced the relevance of port sector as a critical element in globalisation of the Indian economy.
More informationCouncil Bill No WATER RATES General Ordinance 6318 Sheet No. 3 (Page 1 of 6)
(Page 1 of 6) This rate is applicable during Stage One Water Shortage, Stage Two Water Emergency, and Stage Three Water Crisis of the Emergency Water Conservation Plan. Section A. Availability Available
More informationADDRESSING LABOR CONCERNS DURING PRIVATIZATION: LESSONS FROM THE METROPOLITAN WATERWORKS AND SEWERAGE SYSTEM (MWSS), MANILA, PHILIPPINES WILFRED CRUZ
ADDRESSING LABOR CONCERNS DURING PRIVATIZATION: LESSONS FROM THE METROPOLITAN WATERWORKS AND SEWERAGE SYSTEM (MWSS), MANILA, PHILIPPINES WILFRED CRUZ JULY, 2001 W. Cruz Revised July 12, 2001 Addressing
More informationTitle 6 WATER AND SEWER FEES AND CHARGES
Title 6 WATER AND SEWER FEES AND CHARGES Chapter 6.04 - GENERAL PROVISIONS Chapter 6.08 - WATER SERVICE CHARGES Chapter 6.12 - SEWER SERVICE CHARGES Chapter 6.16 - OTHER FEES AND CHARGES Chapter 6.04 GENERAL
More informationPPP in Airport Infrastructure Business
PPP in Airport Infrastructure Business British council Seminar on Public Private Partnerships Damascus, Syria - 31 October 2009 Jacques FOLLAIN Managing Director 1 PPP in Airport Infrastructure Business
More informationFINANCIAL ANALYSIS. Table 1: Project Outputs Output Subcomponents Type of Analysis Enshi Wastewater Enshi Hongmiao WWTP Enshi Dashaba WWTP
Hubei Enshi Qing River Upstream Environment Rehabilitation Project (RRP PRC 47048) FINANCIAL ANALYSIS A. Introduction 1. The financial analysis of the project was carried out in accordance with the Asian
More informationFinancial assurance for mine closure in Chile Alfonso Olivari. National Geological and Mining Survey, Chile
Financial assurance for mine closure in Chile Alfonso Olivari National Geological and Mining Survey, Chile General aspects of the law 20.551 Objective To avoid and mitigate environmental liabilities once
More informationRICE CROP INSURANCE IMPLEMENTATION IN INDONESIA
RICE CROP INSURANCE IMPLEMENTATION IN INDONESIA PRESENTATION ON THE 1 ST ALL PARTNERS G4INDO WORKSHOP LOR-IN HOTEL, SENTUL, BOGOR Thursday, 9 October 2014 1 OUTLINE 1. INTRODUCTION 2. IMPLEMENTATION IN
More informationPROJECT FINANCING FOR BTO SECTION OF INCHEON BRIGE PROJECT
PROJECT FINANCING FOR BTO SECTION OF INCHEON BRIGE PROJECT Dae-Seop Roh Partner, CPA Ernst & Young Korea Project Financing Advisor Dae-seop.roh@kr.ey.com Bong-Soo Jang Director Planning/Management Director
More informationWNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 13. Annual Report to Partners. For the fiscal year ended March 31, 2017
Annual Report to Partners For the fiscal year ended March 31, 2017 August 4, 2017 Re: WNC Housing Tax Credit Fund VI, L.P., Series 13 (the Partnership ) Dear Investor: We are pleased to provide you with
More informationYanino Waste Processing Plant City of St. Petersburg
Yanino Waste Processing Plant City of St. Petersburg Project Briefing 26 October 2009 Page 1 Table of Contents Sections 1. Executive Summary. 3 2. Waste Processing Industry in St. Petersburg.....4 3. Project
More informationINVESTING IN WATER : Australia s limiting resource
INVESTING IN WATER : Australia s limiting resource BLUE SKY ALTERNATIVE INVESTMENTS LIMITED JUNE 2015 Private Equity / Private Real Estate / Hedge Funds / Real Assets DISCLAIMER THIS DOCUMENT AND THE INFORMATION
More informationGuidelines for Electronic Retail Payment Services (ERPS 2)
Guidelines for Electronic Retail Payment Services (ERPS 2) Issue Date: Effective Date: 1 February 2019 Foreword The 2019 Guidelines for Electronic Retail Payment Services (ERPS 2) represent the first update
More informationPRESS STATEMENT SPEECH BY THE ERB BOARD ACTING CHAIRMAN PROF. FRANCIS YAMBA ON THE ZESCO APPLICATION TO VARY ELECTRICITY TARIFFS
PRESS STATEMENT SPEECH BY THE ERB BOARD ACTING CHAIRMAN PROF. FRANCIS YAMBA ON THE ZESCO APPLICATION TO VARY ELECTRICITY TARIFFS - 2017 Members of the Board; Members of the Press; ZESCO Management; Energy
More informationSanta Ynez River Water Conservation District, ID No. 1. Water Rates & Finances. December 13, 2016
Santa Ynez River Water Conservation District, ID No. 1 Water Rates & Finances December 13, 2016 Presentation Overview Objectives & Process District Finances Current & Projected Rates 2 Rate Study Objectives
More informationAP Econ Day 92.notebook February 04, 2013
FIGURE 37.2 Trading possibilities lines and the gains from trade. Pg 761 - Questions As a result of specialization and trade, both the United States and Mexico can have higher levels of output than the
More informationCANADA. Chapter 8. Quantitative Restrictions 1) EXPORT RESTRICTIONS ON LOGS
Chapter 8 CANADA Japan needs to monitor Canada s service sector. Canada has continued the use of policies which protect culture-related industries, and in June 2000 a proposal was made for tougher inspection
More informationTerms of Participation in Auctions for Government Securities Distributors
Terms of Participation in Auctions for Government Securities Distributors The classification of government securities distributors applies to those bidders eligible to participate directly in the tender
More informationCambridge Assessment International Education Cambridge International General Certificate of Secondary Education. Published
Cambridge Assessment International Education Cambridge International General Certificate of Secondary Education ECONOMICS 0455/1 Paper Structured Questions MARK SCHEME Maximum Mark: 90 Published This mark
More informationCONFORMED COPY LOAN NUMBER 3688 MOR LOAN NUMBER 3688 MOR
Public Disclosure Authorized CONFORMED COPY LOAN NUMBER 3688 MOR Public Disclosure Authorized Project Agreement (Irrigated Areas Agricultural Services Project) among INTERNATIONAL BANK FOR RECONSTRUCTION
More informationLegal framework governing upstream investments
Ministry of Energy of Algeria National Agency for Valorization of Hydrocarbons Resources ALNAFT Legal framework governing upstream investments Dr. S.A. BETATA President of ALNAFT Agency. 2016 US ALGERIA
More informationNATURAL GAS MARKET LAW (LAW ON THE NATURAL GAS MARKET AND AMENDING THE LAW ON ELECTRICITY MARKET) Law No Adoption Date: 18.4.
NATURAL GAS MARKET LAW (LAW ON THE NATURAL GAS MARKET AND AMENDING THE LAW ON ELECTRICITY MARKET) Law No. 4646 Adoption Date: 18.4.2001 PART ONE General Provisions SECTION ONE Objective, Scope, Definitions
More informationThe Mexican Model Production Sharing Contract
The Mexican Model Production Sharing Contract Scott Schwind Jones Day, Houston o Office February, 2015 An Overview of the Production Sharing Contract Mexico s National Hydrocarbons Commission (the CNH
More informationNegotiations Roadmap
Background For many developing countries, large-scale projects carried out by foreign investors, for example, in extractive industries, or large-scale land investments in agriculture or forestry, are the
More informationPolicy Note Nº 9. Development and Financing Public Investment through Public- Private Partnerships Center for Financial Stability.
Policy Note Nº 9 Development and Financing Public Investment through Public- Private Partnerships Center for Financial Stability December 2007 Executive Summary Argentina's economy has been growing over
More informationGOVERNMENT OF KERALA
183 GOVERNMENT OF KERALA Kerala Small Hydro Power Policy 2012 1. Order G.O.(P) 25/2012/PD Dated: Thiruvananthapuram, 03.10.2012 2. Title Kerala Small Hydro Power Policy 2012 3. Objective To increase the
More informationRF Law on Concessions and prospects for private-public partnership infrastructure projects in Russia
OECD Seminar on Russia s Investment Environment and Policy Helsinki, Finland, May 21-22, 2007 RF Law on Concessions and prospects for private-public partnership infrastructure projects in Russia Glenn
More informationPPP Arrangement in WtE Plants
PPP Arrangement in WtE Plants Mikael Norrback EEP Mekong Workshop: Economics for Waste to Energy Projects on Public Private Partnership 7 November 2016, Ho Chi Minh City, Vietnam 2 Introduction Cost effective
More informationOverview of the framework
Overview of the framework To meet the infrastructure deficit, the Twelfth Five Year Plan envisages a renewed thrust on investment in infrastructure, particularly in the power sector. The additional thermal
More informationALAMEDA COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT, ZONE 7
ALAMEDA COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT, ZONE 7 CONTINUING DISCLOSURE ANNUAL REPORT (Operating and Financial Data Provided in Addition to the Comprehensive Annual Financial Report
More informationIt is essential that the QCA reality checks its assumptions and calculations prior to making its final Determination.
Queensland Competition Authority GPO Box 2257 Brisbane Qld 4001 Email: electricity@qca.org.au 28-2-2014 Re Submission on Regulated Retail Electricity Prices for 2014-15 Thank you for the opportunity to
More informationThe 13 billion sale of former Northern Rock assets
Report by the Comptroller and Auditor General HM Treasury, UK Financial Investments, UK Asset Resolution The 13 billion sale of former Northern Rock assets HC 513 SESSION 2016-17 19 JULY 2016 4 Key facts
More informationLOCAL CONTENT. Brazil Petroleum
LOCAL CONTENT Brazil Petroleum The project 1 - background Resource-rich countries are increasingly inserting requirements for local content ( local content provisions ) into their legal framework, through
More informationLAKE DON PEDRO COMMUNITY SERVICES DISTRICT Policy and Procedures Manual
EXHIBIT A LAKE DON PEDRO COMMUNITY SERVICES DISTRICT Policy and Procedures Manual POLICY TITLE: Reserve Policy POLICY NUMBER: (to be established) ADOPTED: July 18, 2016 AMENDED: This statement is intended
More informationCOMPREHENSIVE WATER AND SEWER RATE AND FEE STUDY VILLAGE OF ALGONQUIN
COMPREHENSIVE WATER AND SEWER PREPARED FOR VILLAGE OF ALGONQUIN PREPARED BY RHMG ENGINEERS, INC. CONSULTING ENGINEERS 975 CAMPUS DRIVE, MUNDELEIN, IL 60060 JANUARY, 2016 Section I Executive Summary General
More informationKIÚTPROGRAM Executive Summary
KIÚTPROGRAM Executive Summary 1. VISION The mission of the Kiútprogram MFI (KP) is to help people living in deepest poverty mainly of Roma origin to improve their situation with dignity, by providing them
More informationWORKING DRAFT. Jan Hlavsa Yannis Arvanitis. Office of Chief Economist, the European Bank for Reconstruction and Development.
WORKING DRAFT Benchmarks performance in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending and Municipal and Environmental Infrastructure 1 Jan Hlavsa Yannis Arvanitis
More informationGroup Exercise to Screen a PPP Project for Financial Feasibility
World Bank & Brazilian Ministry of Transport Workshop on the Toolkit for PPP in Roads and Highways Group Exercise to Screen a PPP Project for Financial Feasibility Cesar Queiroz, Ph.D. World Bank Brasilia,
More informationQ FINANCIAL RESULTS IFRS non-consolidated
Q1 2014 - FINANCIAL RESULTS IFRS non-consolidated Disclaimer THE INFORMATION CONTAINED IN THIS DOCUMENT HAS NOT BEEN INDEPENDENTLY VERIFIED AND NO REPRESENTATION OR WARRANTY EXPRESSED OR IMPLIED IS MADE
More informationWNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 10. Annual Report to Partners. For the fiscal year ended March 31, 2017
WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 10 Annual Report to Partners For the fiscal year ended March 31, 2017 August 4, 2017 Re: WNC Housing Tax Credit Fund VI, L.P., Series 10 (the Partnership )
More informationDECREE OF THE MINISTER OF COMMUNICATION AND INFORMATION TECHNOLOLGY NUMBER : 04/PER/M.KOMINFO/01/2006
1 DECREE OF THE MINISTER OF COMMUNICATION AND INFORMATION TECHNOLOLGY NUMBER : 04/PER/M.KOMINFO/01/2006 0N AUCTION PROCEDURE OF RADIO FREQUENCY SPECTRUM BAND OF 2.1 GHz FOR THE PROVISION OF IMT-2000 CELLULAR
More informationCatastrophe Risk Financing Instruments. Abhas K. Jha Regional Coordinator, Disaster Risk Management East Asia and the Pacific
Catastrophe Risk Financing Instruments Abhas K. Jha Regional Coordinator, Disaster Risk Management East Asia and the Pacific Structure of Presentation Impact of Disasters in developing Countries The Need
More informationIndia: Preparing for the Ara Canal Water Productivity Improvement Project
Technical Assistance Report Project Number: 52153-002 Transaction Technical Assistance (TRTA) June 2018 India: Preparing for the Ara Canal Water Productivity Improvement Project This document is being
More information2015 Middle East and North Africa (MNA) PPI 1 Update
5 Middle East and North Africa (MNA) PPI Update Total investment in infrastructure with private participation in emerging economies in MNA decreased by 5 percent, from US$.9 billion in 4 to US$. billion
More informationWater charging in irrigated agriculture - lessons from the field
Water charging in irrigated agriculture - lessons from the field Gez Cornish HR Wallingford, UK Background Study carried out by HR Wallingford and partners with funding from DFID. Review of literature
More informationPeter Wright. Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity. Simmons & Simmons March 2015
Renewable Energy Projects in Africa Comparing Procurement Models for Renewable Generation Capacity Peter Wright Simmons & Simmons March 2015 Meeting the cost of Green Energy When renewables first emerged
More informationFrancesco Rispoli, IFAD, Italy
Scaling up insurance as a disaster resilience strategy for smallholder farmers in Latin America 11 th Consultative Forum on microinsurance regulation for insurance supervisory authorities, insurance practitioners
More informationAgreements on cooperation in gas sector currently in force (key articles are mentioned partly)
Agreements on cooperation in gas sector currently in force (key articles are mentioned partly) Name of the Agreement Date of signature Key Articles 1. AGREEMENT Between the Government of Ukraine and the
More informationWATER Operations in EASTERN EUROPE. Athens European Week. Jean-Patrice POIRIER November 22, 2013
WATER Operations in EASTERN EUROPE Athens European Week Jean-Patrice POIRIER November 22, 2013 Plan of Presentation Main drivers for the water market in Eastern Europe Case studies: Bucharest (& Prague)
More informationPART C STATUS OF DEVELOPMENT AND EXPLORATION ACTIVITIES
PART C STATUS OF DEVELOPMENT AND EXPLORATION ACTIVITIES 1 EXPLORATION ACTIVITIES UNDER THE LIME GROUP LIME GROUP STRUCTURE The Hibiscus Petroleum Berhad Group (the Group ) has a 35% equity stake in Lime
More informationSAMRA Wastewater Treatment Plant A Major Asset for Jordan
SAMRA Wastewater Treatment Plant A Major Asset for Jordan 1-Project Overview The water cycle 21/10/2014 Page 2 1-Project Overview - map 1-Project Overview Flows and Loads As Samra WWTP phase I BOT contract
More informationOverview for Purchasing / Selling Nutrient Credits in PENNVEST s Nutrient Credit Clearinghouse
Overview for Purchasing / Selling Nutrient Credits in PENNVEST s Nutrient Credit Clearinghouse Paul K. Marchetti EMECS9 - Global Summit on Coastal Seas August 29, 2011 Pennsylvania is addressing its commitment
More informationAssignment of Consultants
Financial Cooperation Assignment of Consultants August 2016 Guidelines for the Assignment of Consultants in Financial Cooperation with Partner Countries Published by: KfW Bankengruppe Palmengartenstrasse
More informationProcurement Policies and Rules
Procurement Policies and Rules First published January 1992 Revised August 1994 Revised May 1995 Revised March 1996 Revised February 1998 Revised April 1999 Revised August 2000 Revised May 2007 Revised
More informationPublic Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized CONFORMED COPY
Public Disclosure Authorized CONFORMED COPY LOAN NUMBER 3691 TUN Public Disclosure Authorized Project Agreement (Northwest Mountainous Areas Development Project) between Public Disclosure Authorized INTERNATIONAL
More informationAttachment F. Communications Protocols for Duke Energy Ohio, Inc. s Competitive Bidding Process Auctions
Attachment F Communications Protocols for Duke Energy Ohio, Inc. s Competitive Bidding Process Auctions Table of Contents 1. INTRODUCTION... 3 2. OBJECTIVES... 4 3. DUKE ENERGY OHIO AND AFFILIATES... 4
More informationAlameda County Water District. Financial Workshop Proposed Rates & Charges
Alameda County Water District Financial Workshop Proposed Rates & Charges Month, October Day, Year 25, 2018 Presentation Overview Review Financial Workshops Timeline Proposed Development Charges Financial
More information