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. 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. 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. 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: [THIS INFORMATION HAS BEEN REDACTED] Documentation: Supplier shall provide Buyer a copy of the executed Notice to Proceed acknowledged by the construction contractor and documentation from qualified professionals which indicates that work has begun regarding the engineering, procurement and construction of the Generating Facility.
Project Milestone. 6 All elements of Project 7 April 2015 Complete $4,000,000 Stage 1 Milestone 6 are completed to the reasonable satisfaction of the Department. Paid (comprising payment of$3,638,715 in addition to using the $361,285 Interest held by the State as per Item D.2.2)
Project Milestone. 9 — Stage 1 All elements of Project Milestone 9 are completed to the reasonable satisfaction of the Department 30 April 2017 Complete $2,500,000 Paid
