A. The Owner desires to develop and operate a solar power plant with an estimated Installed Capacity of 220 MWDC and maximum output of 170 MWAC, in four (4) phases, in Sagu Township, Minbu District, Magway Region, the Republic of the Union of Myanmar (the “Country”).
B. The Contractor represents that it possesses the requisite expertise, qualifications, skills, personnel, experience and technical and financial resources to execute the Works in accordance with the terms and conditions specified in this Contract.
C. The Contractor agrees to, in performing the Works under this Contract, be responsible for funding the costs of design, engineering, construction and other related services forming part of the Works until the completion of construction of each relevant Phase of the Plant.
D. In reliance on representations provided by the Contractor in this Contract, the Owner agrees to employ the Contractor and the Contractor agrees to be employed by the Owner for the execution of the Works (as defined below) pursuant to the terms and conditions set forth in this Contract.