Project Milestone a. The Concessionaire shall construct the Project in accordance with the Project Completion Schedule set forth in Schedule – 6 of the Agreement.
Project Milestone. 5 Stage 1 All elements of Project Milestone 5 are completed to the reasonable satisfaction of the Department. 14 June 2014 Complete $4,000,000 Paid
Project Milestone. 4 Stage 1 All elements of Project Milestone 4 are completed to the reasonable satisfaction of the Department. 30 May 2014 Complete $4,000,000 Paid
Project Milestone. Supplier shall provide a geophysical or geological exploration plan on the geothermal resource which would define the geothermal resource. Such plan shall specify start and completion dates of the geophysical or geological exploration work.
Project Milestone. Supplier shall demonstrate to Buyer that it has complete financing for construction of the Generating Facility.
Project Milestone. Supplier shall obtain all permits, licenses, easements and approvals to construct and operate the Generating Facility, including the UEPA permit.
Project Milestone. Supplier shall demonstrate to Buyer that it has obtained adequate water rights for the operation of the Generating Facility.
Project Milestone. Notice to proceed has been issued to the construction contractor under the turnkey engineering, procurement and construction contract (the "EPC Contract") for the Generating Facility and construction of the Generating Facility has commenced. Completion Date: August 12, 2008 Documentation: Supplier shall provide Buyer a copy of the executed Notice to Proceed acknowledged by the construction contractor and documentation from qualified professionals which indicate that work has begun regarding the engineering, procurement and construction of the Generating Facility.
Project Milestone. 6 All elements of Project Milestone 6 are 7 April 2015 $4,000,000 Stage 1 completed to the reasonable satisfaction of Complete Paid the Department. (comprising a payment of $3,638,715 in addition to the use of $361,285 Interest held by the State as per Item D.2.2)
Project Milestone. Supplier shall complete the drilling and testing of the initial production xxxxx, which shall deliver hot water sufficient to demonstrate a viable geothermal resource with a minimum net capacity of 18.75 MW. Xxxxx are to have flowed for a test period of 48 continuous hours or until stabilization occurs. Stabilization shall be considered met when the flow rate and temperature at the end of any 8-hour continuous period shall not be less than 98% of the first hour of the 8-hour period. Supplier shall provide Buyer pursuant to Section 29 (Notices) of this Agreement with written notification 48 hours prior to conducting such drilling and testing, but shall provide such notice with as much advance notice as practicable.
