Management of contract interfaces during investment implementation of thermal power projects

  • Truong Van Thien Petrovietnam Long Phu 1 Power Project Management Board
Keywords: Management of contract interfaces, thermal power project

Abstract

The investment implementation of a thermal power project involves many stakeholders, among them the principal parties are identified as the project company, the electric utility agencies, the construction contractor, the lenders, the power purchaser, the fuel supplier and the operator. At the core of the project implementation is the project company with whom all the other parties form contractual relations. The roles and obligations of the project company and other parties are defined at the relevant contracts such as the interconnection agreement, the construction contract (EPC contract), the credit agreement, the power purchase agreement, the fuel supply agreement, and the operating and maintenance contract. The success of the project depends mainly upon the performance of the contracts by the involved parties and on the proper management of the contract interfaces by the project company.

This paper presents the main features of the above agreements and contracts, identifies the contract interface issues and associated risks, and highlights the necessity of close management by the project company of the contract interfaces, taking into account the proper allocation of risks and rationally imposing liquidated damages.

References

Michel Kerf, R.David Gray, Timothy Irwin, Celine Levesque, Robert R.Taylor, Michael Klein. Concessions for infrastructure - A guide to their design and award. World Bank. 1998.

Hiệp hội quốc tế các kỹ sư tư vấn. Điều kiện Hợp đồng FIDIC - Điều kiện hợp đồng nhà máy và thiết kế xây dựng điều kiện hợp đồng dự án EPC chìa khóa trao tay. Nhà xuất bản Xây dựng - Hiệp hội Tư vấn Xây dựng Việt Nam. 2002.

Các bước thỏa thuận đấu nối
Published
2015-08-03
How to Cite
Truong, V. T. (2015). Management of contract interfaces during investment implementation of thermal power projects. Petrovietnam Journal, 7, 55 - 64. Retrieved from http://tapchidaukhi.vn/index.php/TCDK/article/view/610
Section
Articles