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Regional Transmission Network Development: Implications for Trade and Investment

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Regional Transmission Network Development: Implications for Trade and Investment

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    1. Regional Transmission Network Development: Implications for Trade and Investment  

    12. 2004 – April – energy cooperation protocol between Romania and Turkey at ministries level The first mentioning of the cable project 2005 - June – MOU between Transelectrica and TEIAS for the HVDC link project Main scope : to prepare the oportunity study by a joint project team 2006 – November - JPP ( joint position paper ) between Transelectrica and TEIAS Approval of the opportunity study; Decision to continue the study at feasibility study level 2007 – first attempt to launch the feasibility study with minority financing of private investors ( 50 % Swedish grant available ) No success; replacement of the private investor with Nuclearelectrica 2008 – first tender for the FS in new financing conditions; Incompatibility of the grant with open tender requirements 2009 – secont tender; contract signature in June

    33. Activities to be done in parallel with the feasibilty study Preliminary business model List of main commercial, regulatory and financial hypothesys Documentation on the business experience of existing commercial interconnectors in EU Discussions and clarifications with the regulatory authorities Legal due diligence for the preliminary business model TOR for the complete business study Exploration and identification of potential private partners Letters of intent Develop procedure for the selection of the private investors Full clarifications on TEIAS participation in the project, including Turkish applicable legislation Preliminary legal preparations for the project company ( SPV )

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