• Where there is a significant risk that the Project Company is not able to obtain the necessary licences, the Procuring Authority should have plans in place on how to handle resulting delays.
• Where approval is needed from an external body, such as an environmental regulator, it is advantageous to engage with that body as early as possible, preferably before financial close.
• A clear understanding of the Project Company's financial performance is important for effective management of the operations phase.
• Policies to reduce demand risk on Project Companies can provide a more sustainable investment environment for PPPs and increased private sector participation.
• Public perception of environmentally sensitive projects, such as hydropower plants in Brazil, can impact the long-term success of the sector.
• In a liberalised market, policies can be put in place to incentivise continuous innovation in energy efficiency from the private sector.
• Having a Procuring Authority contract management team that sits across several contracts can increase efficiencies.