(c)

the assets being financed meet all of the following standards to operate in a sound and effective manner: the technology and design of the asset are tested; all necessary permits and authorisations for the operation of the assets have been obtained; where the asset is under construction, the obligor has adequate safeguards on the agreed specifications, budget and completion date of the asset, including strong completion guarantees or the involvement of an experienced constructor and adequate contract provisions for liquidated damages.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.