The objectives of these Regulations are—
| (a) | to facilitate planning for the establishment of new generation capacity; |
| (b) | the regulation of entry by a buyer and a seller into a power purchase agreement; |
[Paragraph (b) substituted by regulation 4 of Notice No. R. 1366 of 2016]
| (c) | to set minimum standards or requirements for power purchase agreements; |
| (d) | the facilitation of the full recovery by the buyer of all costs efficiently incurred by it under or in connection with a power purchase agreement including a reasonable return based on the risks assumed by the buyer thereunder and to ensure transparency and cost reflectivity in the determination of electricity tariffs; and |
| (e) | the provision of a framework for implementation of an IPP procurement programme and the relevant agreements to be concluded. |
