The first contract
shows the following specifications:
Contract 1:
Sales Price: 90 Mio
$
Guarantee: 94 %
Penalty /1% / Refaund
/1%: 2 Mio $ / 0.5 Mio $
According to contract
1, the buyer and the seller have agreed
upon a guaranteed level of energy availability
at the end of the year of 94%. Furthermore,
a penalty of 2 Mio $ per 1% of lower energy
availability will be charged and must be
paid by the seller. In the case of producing
more than 94% energy availability, a refund
of 0.5 Mio $ will be transferred back from
the buyer to the seller. |