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Eugene Water & Electricity Board spokesman Lance Robertson said that was a concern to his utility. New types of buyers include project-financed independent power projects ("IPP") which are either dependent on tariff revenue payable pursuant to a power purchase agreement ("PPA") by a state electricity board or selling into a competitive electricity market without long term fixed price electricity offtake commitments. Furthermore, as with many of the projects in the new markets particularly in India, the LNG buyer is a project-financed IPP dependent on a PPA by a state electricity board. |
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