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TransCo assumed its new role as a result of the privatization of operations, maintenance, management, expansion, construction, and eminent domain upon their turnover to NGCP on January 15, 2009, which was to protect the national government's interest by ensuring NGCP's compliance with the terms and conditions of its concession agreement with ...
Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term affermage), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public ...
The NYSPSC approved the Certificate of Public Convenience and Necessity for the TOTS projects (usually required before construction of a project) on behalf of Transco on May 19, 2016 (pursuant to section 68 of the Public Service Law). [7] Most other major transmission projects in New York are subject to Article VII of the Public Service Law. [8]
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.
These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts. Traditional concession agreements pre-1940 were granted for large areas, sometimes the whole country e.g. Iraq.
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Transco may refer to: Transco, former name of National Grid Gas plc, part of British utility company National Grid plc National Transmission Corporation , known as TransCo, a Philippine government corporation which supervises its concessionaire and the country's power grid operator National Grid Corporation of the Philippines (NGCP)
The spread of high voltage transmission lines (≥ 11 kV) is such that it can form a square matrix of area 1.93 km 2 (i.e. on average, at least one HT line within 0.7 km vicinity) in 160,205 km 2 total area of the state. DISCOMs owned and operated LT lines (below 11 kV) are 292,158 circuit kilometres.