Total Project Spend definition
Total Project Spend in respect of a Providing Unit, means the total amount of Capital Expenditure (excluding contingency) incurred, or expected in the reasonable opinion of the Service Provider to be incurred, either by the Service Provider or another person, in undertaking the relevant construction, repowering or refurbishment works and commissioning the Providing Unit so that it is in a position to provide the Contracted Services. For the purposes of this definition, Captial Expenditure shall be determined in accordance with International Accounting Standard 16.
Total Project Spend means, with respect to a Withdrawal Installation, the total amount of Capital Expenditure (excluding contingency) incurred, or expected in the reasonable of Cygas to be incurred (either by Cygas or another person) having consideration to the calculation methodology set out in section 7 of this CPP; and