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The phrases EPC agreement and turnkey deal are interchangeable. EPC stands for engineering (style), procurement and design. Turnkey relies on the idea that if the owner will take obligation for the facility all it will need to accomplish is flip the key and the power will functionality as intended.
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Typically, step one could well be to indication a memorandum of comprehension to set out the intentions of The 2 parties. This would be accompanied by an arrangement to type a joint venture.
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