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WIND PROJECT DEVELOPMENT IN PAKISTAN (CONSTRUCTION PHASE (Types of…

- - - - NOTE: If Sponsor goes above 20% then WAPDA
        
        treats the equity in excess of 20% as debt
- - - - Energy Purchase Agreement (EPA)
      - Implementation Agreement (IA)
      - Site Sub Lease
- - - - Tech advisor to inspect progress againstthe bond through invoices and report.