TRANSCO CLSG Holds Commercial Framework Meeting

Monrovia – TRANSCO CLSG is organizing Commercial Framework workshops for the Power Purchase Agreement (PPAs) and the Transmission Service Agreements (TSAs) in Liberia, Sierra Leone and Guinea respectively, with relevant stakeholders to discuss, validate and adopt the draft bilateral agreements.

The General Manager Mohammed M. Sherif is leading a high-level delegation to these meetings which commence on May 2, 2016 in Monrovia, Liberia. The delegation will travel to Sierra Leone and Guinea to conduct similar activities.

The General Manager will be accompanied by his deputies including the Director of Finance and Administration, Jigba Yilla and the Director of Project Implementation Unit, Etienne Baily.

The regional transmission company is collaborating with the Ministry of Energy of each country to ensure the successful outcome of the meetings. The conclusion of these agreements is a major condition precedent to the disbursement of funds by the donors for the EPC contracts.

Representatives from the Ministries of Energy, Finance and the National utility of each CLSG county adopted the Term Sheets in December 2014 followed by another meeting in January 2015 at which time they approved the Master form contracts for the Power Purchase Agreements (PPAs) and the Transmission Service Agreements (TSAs).

A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (Cote d’Ivoire) and one which is looking to purchase electricity (the CLSG).

In this case, TRANSCO CLSG as the transmission company is signing the agreements with respective governments through their utilities. Meanwhile, the draft bilateral agreements between Cote d’Ivoire and each of the CLSG countries have been prepared. Each country is expected to review and validate the agreements.

Mr. James Schmidt, a resource person and consultant supporting the preparation of the commercial framework of the project will attend the workshops and is expected to give an overview of key issues related to the PPAs and TSAs.

The CLSG project became effective on February 13, 2015 after all the conditions set by the donors were met.

TRANSCO CLSG
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