Oman Electricity Transmission Company S.A.O.C - Authority for ...

PART I TERMS OF THE LICENCE1. Grant of LicenceThe Authority for Electricity Regulation, Oman (hereinafter referred to as" theAuthority"), in exercise of the powers conferred by Article (2) of the Law for theRegulation and Privatisation of the Electricity and Related Water Sector (hereinafterreferred to as the "Sector Law") promulgated by Royal Decree 78/2004, hereby grants tothe Oman Electricity Transmission Company S.A.O.C. (hereinafter referred to as the"Licensee") a licence (hereinafter referred to as the "Licence") to undertake the activitiesreferred to at paragraph 4 below (hereinafter referred to as the "Licensed Activities").2. Conditions of LicenceThis Licence is granted on the conditions set out in Parts II, III and IV (hereinafterreferred to as the "Conditions"), for the period referred to in paragraph 3 below and forthe purposes of enabling the Licensee to undertake the Licensed Activities.This Licence is subject to:(a)modification in accordance with Article (109) of the Sector Law and inaccordance with its terms; and(b) revocation in accordance with Condition 21.3. Licence TermThis Licence shall come into force on 1 st May 2005 and, unless terminated inaccordance with the provisions of Condition 21, shall continue in full force and effectuntil determined by not less than 10 years' notice in writing given by the Authority to theLicensee, such notice not to be served earlier than the 25th anniversary of 1 st May2005.4. Licensed ActivitiesThis Licence authorises the Licensee:(a)(b)to Transmit electricity and to finance, develop, own and/or operate and maintain itsTransmission System in order to do so;to develop and operate a system of central Dispatch of relevant ProductionFacilities which are Connected to its Transmission System or to a System which isConnected to its Transmission System;Oman Electricity Transmission Company SAOC Licence 1-May-2005 Page - 4 -