OPWP definition

OPWP means the Oman Power and Water Procurement Company, the single buyer of power and water for the Sultanate of Oman.
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OPWP means the Oman Power and Water Procurement Company SAOC, having the functions assigned to it under the Sector Law;
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OPWP means the Oman Power and Water Procurement Company SAOC referred to in Article (66) of the Sector Law and having the functions assigned to it under the Sector Law;
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Examples of OPWP in a sentence

  • The Company’s only activity is the sale of desalinated water to OPWP, being the only customer, hence the chief operating decision maker considers the business of the Company as one operating segment.

  • Under the terms of the PWPA, the Company’s sales are billed wholly to OPWP.

  • The WPA with OPWP is considered as a lease within the context of IFRS 16 and has been classified as an operating lease under IFRS 16.

  • The Company manages its credit risk with OPWP by monitoring its credit rating and obtaining credit enhancements.

  • Revenue from sale of water to OPWP is recognized in the accounting period in which the actual production and sale of water take place and the capacity is made available as per the contract.

  • The Water Purchase Agreement provides that the company will make available and sell to OPWP a guaranteed water capacity for which the company will receive payment that will compensate for the investments made and the operating costs.

  • As disclosed in Note 4, management has determined that the WPA with OPWP is covered under IFRS 16 Leases and such arrangement in substance represents an operating lease under IFRS 16 Leases.

  • The Company has a long-term agreement with OPWP which determines performance obligation, transaction price and allocates the transaction price to each of the separate performance obligations.

  • As disclosed in Note 1 to these financial statements, the Company has entered into a WPA with OPWP for a substantial element of the production of water based on availability.

Related to OPWP

  • OPWC means the Ohio Public Works Commission created pursuant to Revised Code Section 164.02.

  • PERC means the Washington State Public Employee Relations Commission.

  • FCR means the flexible capacity requirements established for LSEs by the CPUC pursuant to the CPUC Decisions, the CAISO pursuant to the Tariff, or other Governmental Body having jurisdiction over Compliance Obligations and includes any non-binding advisory showing which an LSE is required to make with respect to flexible capacity.

  • Spirits means any beverage which contains alcohol obtained by distillation mixed with drinkable water and other substances in solution, including, but not limited to, brandy, rum, whisky, and gin.

  • LLC means Limited Liability Company.