Common use of Enhancing Transparency Clause in Contracts

Enhancing Transparency. Insert the following new paragraph A(6) after the paragraph A(5) of Schedule 3 to the SCA:- “The Companies, as part of their continuing effort to increase transparency, will disclose to the Government for its information only, the segregated annual cost data which include capital and operating expenditures, and Net Fixed Assets movement, pertaining to their generation, and transmission and distribution systems covering the same period as the Financial Review.” The paragraph in Section D of Schedule 3 to the SCA shall be renumbered as D(1). Insert the following new paragraph D(2) after the renumbered paragraph D(1) of Schedule 3 to the SCA:- “The Companies, as part of their continuing effort to increase transparency, will disclose to the Government for its information only, the segregated annual cost data which include capital and operating expenditures, and Net Fixed Assets movement, pertaining to their generation, and transmission and distribution systems covering the same period as the Auditing Review.” The agreement set out in this letter shall take effect on January 1, 2004.

Appears in 4 contracts

Samples: www.enb.gov.hk, CLP Holdings LTD, CLP Power Hong Kong LTD

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