AND RISK MANAGEMENT. In order to ensure patient safety and high quality of care: • Staff are required to participate in the development and maintenance of a quality service through the application of professional standards; participation in quality improvement activities; and compliance with the policies, procedures, practices and organisational goals and objectives of SGH. • Staff are required to encourage the patient to partner with the health care team and be at the center of all care decisions. • Staff are required to contribute to the development and maintenance of the SGH Risk Management Framework and apply the framework to identify, evaluate and minimise exposure to risk. • Staff are required to abide by the Code of Conduct for Victorian Public Sector Employees • Clinical leaders are required to help support other clinicians to understand and perform their delegated safety and quality roles, and ensure clinical staff are working within their designated scope of clinical practice SPECIAL REQUIREMENTS • Staff will be required to satisfactorily complete a National Police Records, and Working with Children Check prior to commencing employment. • Staff will be required to hold a COVID-19 vaccination certificate, or valid medical exception prior to commencing employment. • Should your role require you to drive a SGH vehicle, a current Victorian Drivers Licence is required. Loss of licence or any licence infringement must be reported by the employee to Management immediately. • A completion of pre-existing injury or illness declaration will be required prior to appointment to the position. • SGH employees are expected to be familiar and work according to: o policies and procedures of SGH, including Risk Management Policy & Framework o Industrial Agreements that provide terms and conditions of employment o Scope of Practice and professional codes of conduct established for your profession o Code of Conduct for Victorian public sector employees and o Provisions of the Fair Work Act.
AND RISK MANAGEMENT. The bilateral contract provided India with the scope to manage the project risk to its advantage, while not penalizing Bhutan’s economic benefits of the project in the long run. India absorbed the construction risk and market risk by agreeing to provide the required capital, construct the project in a turnkey arrangement, and off-take the excess supply of electricity from Chukha over the domestic consumption at a mutually agreed upon price subject to periodic revisions for inflation and cost escalation. The calibration of the import price of electricity vis-à-vis the hydroelectricity rent associated with Xxxxxx Xxxxx Project has been the basis of risk sharing and management for India. Hydroelectricity rents in theory are the economic surpluses created by the difference between the economic costs of supply from hydroelectric sites and the avoided costs of electricity supply from alternative sources. Therefore, the hydroelectricity rent is dependent not only on the economic cost of generation from a specific site but also on the cost of electricity from alternative sources to replace the hydroelectricity of Chukha. India provided 60% in grant and 40% in loan to finance the required capital cost. The loan carried a 5% fixed interest rate to be repaid in 15 equal installments beginning the first repayment in June 1993. The net present value of capital cost (real), including its opportunity cost, for India in 2008 is given as: CC (India) = {∑ CIt * (1+r)(2008-t)} – {∑REPt}*(1+r)(2008-t)} (12) Where, CIt : are the streams of capital inflows to the project as investment subsidy from 1974 through 1993. The estimation is carried out as of the year 2008, taking into accounts the opportunity cost of funds “r”. REPt: are the streams of repayments received by India starting from 1993 to 2008. India in return received a reliable source of hydroelectricity supply at a negotiated price. The contract for the supply is valid for 99 years. The levelized investment cost Kc for India is estimated at Rs 1.88/ kWh (2008 prices) by using the relationship given in equation (14). t Kc = [{∑ CIt * (1+r)(2008-t)} – {∑REPt}*(1+r)(2008-t)}]/[{∑QI }*(1+r)(2008-t)] (13) Where, t QI : Quantity of electricity imported by India from 1987 to 2024. REPt : Repayment of loan is from1993 to 2008. CIt : Capital inflow is from 1974 to 1993 t t c t In addition to the investment cost India pays a negotiated export tariff (ETt) and bears the marginal cost of transmission (MCT) from Bhutan to its cons...
