The Electricity (Criteria for Relevant Electricity Projects) (Transmission) Regulations 2024
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Change 1
8 High value criterion in respect of a late-model tender exercise
(1) A project must have an estimated capital expenditure equal to or greater than £100,000,000. (2) In this regulation “estimated capital expenditure” means an estimate of the total costs of a project, calculated by reference to one or more of the following— (a) any costs relating to the purchase of component parts; (b) construction costs; (c) the costs of the acquisition of land on which it is to be situated; (d) the costs of compliance with the conditions attached to planning consents and property rights; (e) the costs of third-party works upon which a project’s electricity solution’s operation depends; (f) project management costs; (g) itemised risk and contingency allowances; (h) costs relating to the procurement of itemised goods, services and works; (i) any other costs that are reasonably integral or relevant to the arrangement, construction, commissioning, procurement, operation or function of the project’s electricity solution.
8 High value criterion in respect of a late-model tender exercise
(1) A project must have an estimated capital expenditure equal to or greater than £100,000,000. (2) In this regulation “estimated capital expenditure” means an estimate of the total costs of a project, calculated by reference to one or more of the following— (a) any costs relating to the purchase of component parts; (b) construction costs; (c) the costs of the acquisition of land on which it is to be situated; (d) the costs of compliance with the conditions attached to planning consents and property rights; (e) the costs of third-party works upon which a project’s electricity solution’s operation depends; (f) project management costs; (g) itemised risk and contingency allowances; (h) costs relating to the procurement of itemised goods, services and works; (i) any other costs that are reasonably integral or relevant to the arrangement, construction, commissioning, procurement, operation or function of the project’s electricity solution.
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