Development of a Sustainable Power Sector Framework Sample Clauses

Development of a Sustainable Power Sector Framework. (a) The Power Sector Policy for Suriname that establishes the basic principles for the sustainable growth of the energy sector, consistent with its new legal and institutional structure has been approved. (b) The proposed draft legislation that will regulate the energy sector has been presented to Parliament for approval. (c) The proposed draft legislation that creates an Energy Sector entity to regulate and manage the energy sector affairs has been presented to Parliament for approval.
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Development of a Sustainable Power Sector Framework. (a) The first draft of a Policy document that addresses the main guidelines for sector reform and the basic institutional structure for the power sector has been submitted to the Council of Ministers. (b) Steps towards the drafting of the legal instruments that will regulate the organization and functioning of the Electricity Sector have been taken. (c) A proposal to assign the roles and responsibilities to a sector office for the coordination of the Energy Sector’s affairs has been presented for consideration of and approval by the Council of Ministers. (d) A tariff structure proposal, that includes a revision of the subsidy levels, has been submitted to the Council of Ministers for consideration. (e) A revised draft model of power purchase agreements (PPAs) contract was developed by Energiebedrijven Suriname (EBS) as guideline. (f) The sector expansion plan included basic environmental and social sustainability principles. (g) The Government of Suriname has approved the financing for the implementation of the Program with Renewable Energy Technologies (RETs).

Related to Development of a Sustainable Power Sector Framework

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