VANUATU: Agreement Varying Concession between the Government of the Republic of Vanuatu and Union Electrique du Vanuatu Limited

Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
1997
Effective Start Year: 
1997
Scope: 
National
Document Type: 
Agreement
Economic Sector: 
Power
Energy Types: 
Power
Issued by: 
Government of the Republic of Vanuatu, the Minister of Lands, Geology, Mines, Energy and Rural Water Supply and Union Electrique du Vanuatu Ltd.
File: 
Agreement Varying Concession Port Villa
Overall Summary: 
Agreement Varying Concession between the Government of the Republic of Vanuatu and Union Electrique du Vanuatu Limited for the distribution of electricity to the City of Port Vila.
Pricing
Energy taxation: 
[T]he parties hereto mutually agree that a review of tariffs shall be undertaken in the event of any increase or decrease of tax payable by the Concessionaire.
Energy pricing: 
Uniform tariffs must be applied to all users in the Port Vila and Luganville concessions.---The Reference Price per kWh, effective from the 1st of October 1997 is fixed at: P0= 32,63 Vatu/kWh.---[T]he parties hereto mutually agree that a review of tariffs shall be undertaken in the event of any increase or decrease of tax payable by the Concessionaire.---See document for details on tariffs applicable to group A/B/C as of the 1st of October 1997.
Energy Supply and Infrastructure
Infrastructure development priorities: 
The increased consumption of electricity in Port Vila has resulted in the need to increase the generating capacity by the construction of a new power station to be equipped in the first stage with two generators of 4MW capacity as a matter of urgency.