Details of the Project. The Project supports the Recipient in the modernization of the urban network infrastructure and in piloting an innovative renewable energy component. The purpose of the Project is to improve the electricity supply situation, safety and the framework conditions for the integration of electricity generation from renewable energy sources into the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Bay Municipal grid (Project objective). This is to contribute to the distribution and use of renewable energy sources and efficiency measures in order to sustainably improve the energy security of the country and to make economic growth climate-friendly. The criteria for reaching these objectives, the Project results and the required Project activities as well as the assumptions underlying the Project purpose and the Project results are contained in Annex 1. The design of the Project is based on the feasibility study dated 29th of April 2019, available to KfW and the Recipient and on the agreements made between KfW and the Recipient during the local Project appraisal and its results documented in the minutes of meeting dated 31st of May 2019. It is noted that the content of the feasibility study and the minutes is not contractually binding and is intended for reference purposes only. Accordingly, to the extent that any inconsistency may arise between the provisions of this Separate Agreement and that provided in the feasibility study and/or the minutes, the provisions of this Separate Agreement shall prevail. The Project activities financed from the Grant include three network projects (component 1), a Renewable Energy (RE) component (component 2) and an Implementation Consultant (TA component). Component 1 includes three network projects namely Mount Road 132 kV substation, ▇▇▇▇ Road 6.6 kV network and Fifth Avenue 6.6 kV network. These three projects will be further supplemented by component 2, which includes a innovative RE component, for which 3 alternatives have been identified. The Implementation Consultant will support the preparation of the three network projects, and will assess technical considerations and will provide an assessment of the environmental and social implications of all phases of the Project. Furthermore, the Implementation Consultant will support choosing the appropriate alternative for component 2. The financed activities will be fully commercially operational from 2025 onwards.
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