Power Purchase Agreements
17 – 18 February 2014, Manila, Philippines
A power purchase agreement (PPA) is a contract between an electricity generator (provider/seller) and a power purchaser (buyer). The seller under the PPA is typically an independent power producer (IPP). PPA involves other stakeholders including utilities or large power buyers/traders, regulators or governments, financing agencies, EPC contractors, legal advisers and consultants.
PPA defines all the commercial terms and conditions for the sale of electricity, including the commencement of the project’s commercial operation, delivery schedule of electricity, payment terms, performance clauses, and termination. It is also the principal agreement that defines whether the IPP project is bankable, a key instrument of project finance.
This two-day course provides a practical understanding of PPAs, its contractual structure and key clauses, stakeholders involved and their responsibilities, PPAs bankability, and contract management including negotiation and dispute resolution. The course combines in-depth discussions and case studies which can be used and applied to your PPA projects.