May 12-17, 2014: The CASA-1000 Legal Subcommittee (LSC) meeting was held in Almaty May 12-17. The central goals of that meeting were to complete the line-by-line review of the Master Agreement and revisit the open items in the Master Agreement and PPA, leaving a limited list of decision items for the Joint Working Group. The intent was that the Joint Working Group’s decisions on the open items will then serve to complete the MA and PPA in all respects.
February 18, 2014: The CASA-1000 Inter-Governmental Council (IGC) meeting was held in Washigton on February 18, 2014. The meeting concluded with signing of the Resolution. The IGC representatives (the High Contracting Parties) signed the non-binding resolution indicating agreement in principle to the terms of the Foundation/model Power Purchase Agreement (“PPA”); initialed the PPA; and resolved to cause their respective national transmission companies (“NTCs”) to finalize the remaining PPA issues by 31 March 2014. The resolution also recognized progress on terms of the Master Agreement and resolved to cause their respective NTCs to finalize its terms by 31 March 2014.
January 15-17, 2014: RESET hosted the 16th meeting of the CASA-1000 Joint Working Group (“JWG”) from 15-17 January 2014 in Almaty. A meeting of the CASA-1000 Legal Subcommittee was conducted in parallel on 13-16 January. The state of project financing was discussed at length. Representatives of the Russian Federation and of the Eurasian Development Bank attended the open sessions. Tajikistan and the Kyrgyz Republic briefed JWG on the progress of their endeavors to cover the financing gap. The Pakistan delegation encouraged the Tajik and Kyrgyz delegations to increase efforts and expedite resolution of the financing issue.
JWG again discussed and reviewed the commercial agreements, primarily the standard Power Purchase Agreement and the Master Agreement.
The IFC updated the JWG on the CASA-1000 procurement process.
January 10, 2014: On the afternoon of 10 January, the PQ Applications from potential bidders for Supply and Installation of Multi-terminal HVDC Convertor Stations in Pakistan, Afghanistan and Tajikistan with related O&M Services were officially opened. Five potential bidders submitted PQ applications, including three Chinese manufacturers and two European-based companies.