Project Company Change of Ownership

The Project Company went through a variety of changes in ownership guided by changes in the equity investors' legal structure and ownership. The changes had to be reviewed and approved by the Procuring Authority. The Procuring Authority does not believe they had a detrimental impact on the performance of the Project Company. When granting its approval for a change of ownership in the Project Company, the Procuring Authority's main concern was to ensure that the new equity investors were financially stable and technically capable to continue the operations of the project.