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

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

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(ff)any capital expenditure to be incurred by it in relation to theproposals and, if appropriate, a cash-flow <strong>for</strong>ecast <strong>for</strong> the periodof the proposed contract or other arrangement; and(iii)been granted a Licence to develop and/or operate the relevantInternational Interconnection.3. If the Licensee proposes to commence discussions or negotiations with any Person inrelation to any matter as referred to in paragraphs 1 and/or 2 above, it shall first notifythe <strong>Authority</strong>, providing such of the in<strong>for</strong>mation about the proposals listed in paragraph2(a) as may be available to it at that time. The Licensee shall keep the <strong>Authority</strong> fullyin<strong>for</strong>med as to the status and progress of any such discussions.4. The Licensee shall comply with any instruction of the <strong>Authority</strong> made in accordance withArticle (115) of the Sector Law concerning its designing, financing, owning, developing,constructing, operating and/or maintaining an International Interconnection.Condition 29: Acquisition of Rural Areas <strong>Electricity</strong> <strong>Company</strong> SAOC assetsThe Licensee shall acquire such of the assets of the Rural Areas <strong>Electricity</strong> <strong>Company</strong> SAOC, insuch manner and on such terms as the <strong>Authority</strong> may specify from time to time and otherwiseon the terms specified in Article (88) of the Sector Law.<strong>Oman</strong> <strong>Electricity</strong> <strong>Transmission</strong> <strong>Company</strong> SAOC Licence 1-May-2005 Page - 47 -

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