Uganda Government Gazette dated 2015-10-02 number 58

1527
G 6761 G NOTA

S 2006/242

THE REPUBLIC Oh UGANDA THE REPUBLIC OF UGANDA

T
ILJT o ti iT-2- 5i 7of1/f p Pub^hed Authority

Vol. CVIII No. 58 2nd October, 2015 Price: Shs. 5,000

CONTENTS Page 1.2 By modifying the definition of ‘Scheduled
The Electricity Act—Notice................ ... 1527 Construction Start Dale’ from sixty (60) days from
The Trademarks Act—Registration of Applications 1528-1535 Financial Close to Ten (10) days from Financial
Advertisements........................................ ... 1535-1542 Close as follows:

Scheduled Ten (10) days from Financial Close.
Construction Start
General Notice No. 761 of 2015. Date

ELECTRICITY REGULATORY AUTHORITY
2. Clause 14 ‘OBLIGATION TO PROVIDE PROOF -
OF FINANCIAL CLOSE’ is modified by replacing
the words four hundred and twenty (420) days with
the words four hundred and eighty1 (480) days’ and
the words ‘to be agreed between’ with the words ‘*as
NOTICE OF MODIFICATION may be approved by’ as follows:
of
LICENSE CONDITIONS FOR GENERATION AND 11 OBLIGATION TO PROVIDE PROOF
SALE OF ELECTRICITY OF FINANCIAL CLOSE
of License No. 113
Issued to The Licensee shall provide proof of Financial Close
RWIMI EP COMPANY LIMITED (‘Licensee’) to the Authority within four hundred and eighty
(480) days from the Effective Date, or within such
IN EXERCISE of its powers under Section 44 (4) of the period as may be approved by the Authority. In the
Electricity Act, 1999 (herein after referred to as the ‘Act’), event that the Licensee does not provide proof of the
the Electricity Regulatory Authority (herein after referred to said Financial Close, the License shall terminate
as the ‘Authority’) hereby gives notice under Section 44 (5) automatically.
of the Act of the Modification (Modification No.2) of the
License No. 113, issued to RWIMI EP COMPANY 3. By modifying clause 4.1.1.2 on performance bonds
LIMITED, for the Generation and Sale of Electricity as by extension of the period within to achieve
follows: Commercial Operations Date from twenty months
from the Scheduled Construction Start Date to
1. Clause 1.1 ‘ Definition’ is modified as follows; twenty four months from the Scheduled Construction
Start Date to twenty four months from Scheduled
1.1 By extending Financial Close by a period of sixty Construction Start Date as follows:
(60) days and therefore replacing the words four
hundred and twenty (420) days in the definition of 4.1.1.2 Commercial Operations Date, within a period
‘Financial Close’ with the words ‘four hundred and not exceeding twenty four (24) months from
eighty (480)’ as follows: the Scheduled Construction Start Date in
respect of which the value of the Performance
Financial Close the date, not later than four hundred and Bond shall be the equivalent of USD 2,500
eighty (480) days, from the Effective Date per MW of Generation Capacity.
on which the Licensee would have
concluded financial arrangements and 4. The Authority has pursuant to Section 44 (5) (a) of
disbursements by the lenders and by the Act published this notice and the Modification
which the lenders confirm that all shall take effect within thirty days from 7th
conditions precedent to first drawdown September, 2015 if no representations or objections
have been satisfied or waived. are received.