Principles of Project Finance

Where changes in the project requiring capital expenditure are required after

COD the Offtaker or Contracting Authority may have the right to require the Proj-

ect Company to go through a competitive procurement procedure for this work;

financing is then covered as above.

§6.5.3 C

HANGES IN

L

AW

A change in the law may involve the Project Company in additional capital or

operating costs for which compensation may be payable by the Offtaker or Con-

tracting Authority (cf. §10.6).

§6.5.4 L

ATENT

D

EFECTS

In some projects the Offtaker or Contracting Authority may transfer the proj-

ect site or other project assets (e.g., an existing power plant, transportation system,

or road) to the Project Company. Usually the Offtaker or Contracting Authority

requires the Project ...