Final Investment Decision or “FID” means the Board has affirmatively voted or consented to undertake construction of the Project and the Company has given a full notice to proceed under an EPC Contract.
Final Investment Decision means the date which is the earlier of:
Final Investment Decision or “FID” means that stage in the project planning process where decisions to make a major financial commitment is taken. Such FID point is presumptively reached by the placing of major equipment orders or the signing of EPC contracts.
Examples of Final Investment Decision in a sentence
Final Investment Decision The parties acknowledge their mutual intention to propose and make a Final Investment Decision (FID) after completion of, among other things, a positive DFS and FEED result and the execution of financing strategy (incorporating both debt and equity).
The EPC Contract is subject to a full Notice to Proceed which Anadarko is expected to issue after the Final Investment Decision (“FID”).
More Definitions of Final Investment Decision
Final Investment Decision means the decision to be made by the Members, after review of the Feasibility Study and Permit Approval pursuant to Section 12.4 of the Agreement, as to whether to proceed with a Development Program and Budget and Project Construction Contracts to place the Properties into production.
Final Investment Decision has the meaning ascribed to it in Section 6.1;
Final Investment Decision means a decision by the board of directors (or equivalent body in the case other than a company) of the Capacity Provider, and (where relevant) of each other Joint Owner, to fully proceed with the investment for the project, including the decision that sufficient financial resources are available to meet the Total Project Spend;
Final Investment Decision means a positive final investment decision by the Company, of the definition of Driftwood LNG Project — Phase I, as declared by the Company, which final investment decision shall be subject to the satisfaction of the following conditions: the Partnership and its subsidiaries shall have (i) received all material approvals necessary to construct and operate the Driftwood LNG Terminal and the Driftwood pipeline (excluding any approvals which cannot be issued until after construction is commenced) ; (ii) received authorization by the U.S. Department of Energy for the export of LNG to countries with which the United States of America does not have an applicable free trade agreement; (iii) obtained sufficient executed firm commitment of financing in a form allowing non-recourse financing for Purchaser or its group for its share of the project’s debt; and (iv) secured sufficient equity financing (including the Company Subsidiary Investment) superior or equal to $6 billion, representing at least 12 MTPA; provided that with respect to subpart (iii) of the definition of Driftwood LNG Project — Phase I above, such Final Investment Decision may still be subject to Company obtaining all regulatory approvals, in which case the closing condition set forth in Section 5(a)(iii) will be deemed fulfilled even though all regulatory approvals have not been obtained.
Final Investment Decision means the Resolution to Construct, which is the Final Investment Decision within the meaning of section 4.1.5 of the FJO;
Final Investment Decision means the decision taken at the level of an undertaking to definitively earmark funds for the investment phase of a project;”
Final Investment Decision means the final investment decision made by the Corporation to proceed with the K3 Cogen Project, as approved by the shareholders of the Corporation by Extraordinary Resolution (as that term is defined in the Unanimous Shareholder Agreement);