The Law and Business of International Project Finance: A Resource for Governments, Sponsors, Lawyers, and Project Participants by Scott L. Hoffman

The Law and Business of International Project Finance: A Resource for Governments, Sponsors, Lawyers, and Project Participants by Scott L. Hoffman

Author:Scott L. Hoffman [Hoffman, Scott L.]
Language: eng
Format: azw3
Publisher: Cambridge University Press
Published: 2007-10-21T16:00:00+00:00


[6] Force Majeure

In general, a force majeure extends the date of required compliance under the contract, but this is not always the case. In some power purchase agreements, a maximum delay caused by a force majeure is established, beyond which no extensions can be made even if the force majeure continues to affect performance. This provides the power purchaser with the ability to pursue other sources of power in areas where there is no force majeure delay.

§ 19.05 Obligation to Deliver Power; Obligation to Take Power



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