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The terms EPC contract and turnkey agreement are interchangeable. EPC stands for engineering (layout), procurement and building. Turnkey is predicated on the concept that once the owner usually takes responsibility for the power all it will require to try and do is convert the key and the power will functionality as meant.
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3x. However, if a PPP Company bears significant targeted visitors threat, then lenders may insist on a bare minimum ADSCR as high as 2.0x. Lenders use thorough ahead-hunting fiscal versions to estimate future cash flows and cover ratios.
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