Common use of THE RECITALS Clause in Contracts

THE RECITALS. A. The Offtaker is a corporate statutory body duly established under the Electricity Act, Cap 180, Laws of Fiji (amend if the Offtaker is not FEA) and is engaged in the generation, transmission, distribution and sale of electrical energy in Fiji. B. The purpose of the [IPP Project Company] will be to build, own and operate this electrical generation facility as described in Schedule 1. C. The [IPP Project Company] wishes to sell the energy output of the Facility to the Offtaker in accordance with the terms and conditions set forth in this Agreement; and D The Offtaker is agreeable to purchasing such energy output from [IPP Project Company] in accordance with the terms and conditions set forth in this agreement.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement