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1、Investment Management Contract onHydropower Station and Expansion in Zamfara State of Nigeria between theZamfara State Government and China Hope Energy Investment Limited and * Partners Limited of NigeriaiIn vestme nt Man ageme nt Con tract on_Hydropower Stati on and Expa nsion in Zamfara Stateof Ni
2、geria betwee n the Zamfara State Gover nmentand China Hope En ergy In vestme nt Limited and *Part ners Limited of NigeriaParty A:_State of NigeriaThe Con sortium of Party B (here in after: Party B):A: Chi na Hope En ergy Inv estme nt LimitedB: * Partners Limited of NigeriaWhereas:1. According to Nig
3、erias federal constitution, Party A is an autonomousstate gover nment in Nigeria. The own ership of_water con serva ncyproject (here in after: water project) and the support ing _hydropower pla nt (here in after referred to as:_ hydropower pla nt)in Zamfara State of Nigeria bel ongs to Party A. The
4、in stalled capacity ofhydropower plant is 4.8MW (3x1.6MW), built by a Italiancompany in the year of 1984, but since the equipments are old anddamaged without heavy repair, it has suspended for 15 years.Investment Management Contract onHydropower Station and Expansion in Zamfara State of Nigeria betw
5、een theZamfara State Government and China Hope Energy Investment Limited and * Partners Limited of Nigeria22. A of Party B is mai nly en gaged in en ergy, in frastructure and resourceinv estme nt, gen eral con tract ing, etc., and has rich experie nee in internati onal inv estme nt, project gen eral
6、 con tract ing, financing, performa nee,bra nds, etc. B of Party B is mainly en gaged in inv estme nt and manageme ntof en ergy, real estate and resource operat ing assets in Nigeria.3. Nigeria and Zamfara State both are short of power. I n order to resumepower gen erati on of the_ hydropower pla nt
7、 and take an adva ntageof rain seas on to expa nd.After frien dly n egotiati on, both parties to this con tract, hereby agreeas follows.I. Party B in vests in . hydropowerpla nt and expa nd2.8MW generator units on . hydropower plant1. Party B invests in . hydropower plant in Zamfara state ofNigeria,
8、 by discussi on of both parties, Party B inv ests to con duct heavyrepair and technical renovation of . hydropower plant, and thenoperate, man age and use. hydropower pla nt for 99 years + 99years totaling 198 years. During the period of Party Binvesting andoperating . hydropower plant, Party A ensu
9、res that the waterproject provides all water used for . hydropower pla nt to gen eratepower as desig ned.Investment Management Contract onHydropower Station and Expansion in Zamfara State of Nigeria between theZamfara State Government and China Hope Energy Investment Limited and * Partners Limited o
10、f Nigeria32. The. hydropower pla nt project compa ny registered in Zamfarastate by Party B pays Party A $100 thousa nd USD of. hydropowerpla nt asset use fee and man ageme ntfee (here in after: man ageme ntfee)each year. The project company pays preceding years .hydropower pla nt man ageme ntfee to
11、the age ncy appo in ted by Party Abefore March 31stof each year. After project company pays the man agementfee to the age ncy appo in ted by Party A, project compa ny fini shes theprecedi ng years payme nt obligati on. The operati on period and themanagement fee amount will be started calculating af
12、ter thehydropowerplant completes the heavy repair and renovation.3. After the sig ning of this con tract, A of Party B will send experts to thesite of . hydropower pla nt to con duct pla nning and desig n for therepair and technical renovation, and they will try to finish the repair and techni cal reno vati on in about 15 mon ths for power gen erati on.4. For the_hydropower pla nt, accord ing to releva nt policies of theNigerian government, the. hydropower plant feed-in tariff is about17 US cen ts/K
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