The Project Company has responsibility for the full design and construction of the asset, according to the specifications set out in the PPP contract. In addition to the Procuring Authority's specifications, the Grid Operator, Operador Nacional do Sistema Elétrico, has its own requirements for the Project Company to meet.
The Procuring Authority only approves the compliance of the basic design with the specifications of the PPP contract, and is not responsible for securing the required construction permits for the Project Company. Acquiring the necessary permits, such as the environmental licences, caused delays for the Project Company, which are described in further detail under the heading 'Key Events' below.
Once construction began on the project, it proceeded smoothly and was completed about two years after financial close.
The Grid Operator had further specifications which the Project Company also had to meet. These are designed to protect the grid from damage, facilitate a smooth integration of the plant into the grid and guarantee safe operation during the operations phase, and the Grid Operator was therefore also involved in the commissioning of the project. After the approval of the Grid Operator was reported to the Procuring Authority, permission for the project to enter operations was given.