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The terms EPC deal and turnkey agreement are interchangeable. EPC stands for engineering (design and style), procurement and building. Turnkey is based on the concept if the operator usually takes accountability for the ability all it will need to try and do is turn The important thing and the power will functionality as intended.
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[one] The financing is typically secured by the entire project property, including the income-developing contracts. Project lenders are given a lien on all Learn More of these assets and are able to believe Charge of a project When the project corporation has problems complying While using the financial loan terms.
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