Vocabulary AREN
Terme
IPP (Independent Power Producer)
COD (Commissioning Operation Date)
PPA (Power Purchase Agreement)
EPC (Engineering, Procurement and
Construction) = EPCC (and
Comissioning)
EPCM (Engineering, Procurement and
Construction Management)
NDA (Non-Disclosure Agreement)
HFO (Heavy Fuel Oil)
LFO (Low Fuel Oil)
Nameplate capacity
LOM (Life of Mine)
FS (Feasibility Study)
PFS (Pre-Feasibility Study)
Wheeling
Wheel-out
Wheel-through
TRR (Transmission revenue
requirement)
TAC (Transmission Access Charge)
Wheeling charge
LNG (Liquified Natural Gas)
QF (Qualifying Facility)
Commentaire
The date when Project commissioning, the process of
assuring that all systems and components of
a building or industrial plant are designed, installed,
tested, operated, and maintained according to the
operational requirements of the owner or final client, is
done. A commissioning process may be applied not only
to new projects but also to existing units and systems
subject to expansion, renovation or revamping.[1] [2]
Much more cost-efficient
Diesel
Puissance nominale
the transportation of electric energy (megawatt-hours)
from within an electrical grid to an electrical load
outside the grid boundaries. Wheeling often refers to
the scheduling of the energy transfer from one
Balancing Authority to another. Since the wheeling of
electric energy requires use of a transmission system,
there is often an associated fee which goes to the
transmission owners
Generation resource inside the boundaries of the
transmission system; load outside
Generation resource and load outside
A wheeling charge is a currency per megawatt-hour
amount that a transmission owner receives for the use
of its system to export energy. The total amount due in
TAC fees is determined by the equation Total
wheeling fee = Wc ($/MWh) * Pw (MW) * t (h)
Liquified natural gas for ease of storage/transport
Qualifying Facilities, or "QFs", are those energy
facilities that meet the definitions set in PURPA and
the FERC rules implementing that law. These QFs are

NITS (National Interconnected
Transmission System)
PURC (Public Utilities Regulatory
Commission)
TOU (Time of Use)
DFI (Development Finance
Institution)
SOE (State-owned enterprise)
ODA (Official Development
Assistance)
AfDB (African Development Bank)
PPP (Public-Private Partnership)
EMS (Energy Management System)
Take or pay agreement
EOI (Expression Of Interest)
eligible to sell their power at the utility's avoided cost.
Generally speaking, QFs are cogenerators using fossil
fuels, or other small power producers who utilized
technologies harnessing solar, wind or geothermal
energy. QFs also include projects which use
"alternative fuels", such as biomass, municipal wastes,
or landfill gases.
an alternative financial institution which
includes microfinance institutions, community
development financial institution and revolving loan
funds.[1] These institutions provide a crucial role in
providing credit in the form of higher risk loans, equity
positions and risk guarantee instruments to private
sector investments in developing countries.[2] DFIs
are backed by states with developed economies.
Official development assistance (ODA) is a term
coined by the Development Assistance
Committee (DAC) of the Organisation for Economic Co-
operation and Development (OECD) to measure aid. The
DAC first used the term in 1969. It is widely used as an
indicator of international aid flow. It includes some loans.
The African Development Bank Group (AfDB) is a
multilateral development finance institution established to
contribute to the economic development and social
progress of African countries
A public–private partnership (PPP, 3P or P3) is a
cooperative arrangement between one or more public
and private sectors, typically of a long term nature
provides automatic control of a hybrid system
A take-or-pay contract is a rule
structuring negotiations between companies and
their suppliers. With this kind of contract, the company
either takes the product from the supplier or pays the
supplier a penalty.
An expression of interest (EOI) is an informal offer made
by a strategic or financial buyer for the purchase of a
business. The primary purpose is to suggest a valuation
range that a buyer is willing to pay for a company.
Investment bankers usually request an EOI in their
bidding process to separate all potential buyers into a
smaller, more realistic list of qualified buyers that may be
a good fit for the seller.
An EOI is really just the first indication that a potential
buyer would like to engage in further due diligence. It

FIT (Feed-In Tariff)
MIGA (Multilateral Investment
Guarantee Agency)
IRR (Internal Rate of Return)  TRI
(Taux de Rentabilité Interne 
annule le VAN)
CIL (Carbon-In-Leach) = the leach
circuit of the mine
DTS (Day Time Savings)
CSP (Concentrated Solar Power)
WACC (Weighted Average Cost of
Capital)
also provides the investment banker with a preliminary
idea of value that can be weighed against the seller's
expectations. To have more control over the process,
investment bankers usually request that the EOI include
not only a range for the potential purchase price, but also
the anticipated timing for closing the transaction, the
acquisition rationale, the transaction structure, the
sources and use of funds, and any other areas that
would help a seller decide if the buyer would be a good
fit.
The Multilateral Investment Guarantee
Agency (MIGA) is an international financial
institution which offers political risk insurance and credit
enhancement guarantees. Such guarantees help
investors protect foreign direct
investments against political and non-commercial
risks in developing countries.[
The leaching circuit, also referred to as Carbon-in-
Leach (CIL), is where cyanide is added to dissolve the
gold. In this part of the process the gold is dissolved,
though the cyanidation of the milled ore then adsorbed
out of the slurry solution and onto carbon molecules.
Carbon has a very large surface area and therefore can
absorb large amounts of gold. The residual cyanide
solution is recycled back into the process. Cyanide
usage is carefully monitored and controlled to
minimise any safety and environmental risks.
CSP systems generate solar power by using mirrors or
lenses to concentrate a large area of sunlight, or solar
thermal energy, onto a small area. Electricity is
generated when the concentrated light is converted to
heat, which drives a heat engine (usually a steam
turbine) connected to an electrical power generator
[1][2][3]
or powers a thermochemical reaction
(experimental as of 2013).[4][5][6] Heat storage in
molten salts allows some solar thermal plants to
continue to generate after sunset and adds value to
such systems when compared to photovoltaic panels.
the rate that a company is expected to pay on average
to all its security holders to finance its assets. The
WACC is commonly referred to as the firm’s cost of
capital. Importantly, it is dictated by the external
market and not by management. The WACC
represents the minimum return that a company must

LCOE (Levelised Cost Of Electricity)
Break-even
earn on an existing asset base to satisfy its creditors,
owners, and other providers of capital, or they will
invest elsewhere.
The levelised cost of electricity (LCOE) is a measure
of a power source which attempts to compare different
methods of electricity generation on a consistent basis.
It is an economic assessment of the average total cost
to build and operate a power-generating asset over its
lifetime divided by the total energy output of the asset
over that lifetime. The LCOE can also be regarded as
the minimum cost at which electricity must be sold in
order to break-even over the lifetime of the project.
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