05.07.2009

The contractor of the project is a one point of contact responsible for the engineering, procurement and construction of the project (e.g. power station, transmission system). The terms and conditions of the contract are agreed a priori and the contractor takes upon himself all the risks that are agreed upon within the contract, rather than the entrepreneur. The scope, quality, timescale and costs will be agreed beforehand between the parties. In an EPC contract for the construction of a natural gas transmission line, the EPC contract may for instance refuse to take upon himself the risks of obtaining the rights of way on the land on which the pipeline will be constructed

Tax levied on certain goods, with rates often higher on items which have an adverse effect on public health, public order or the environment.

The excise tax on natural gas in Israel is 17 shekels a ton (updated for Feb 2013).

Excise tax on coal is about 8.63 shekels a ton, which is about 8.6 agorot a kg. See excise regulations on fuel 2004

Government or company bond traded outside the boundaries of one’s country (no relation to Europe)

External, such as in the exogenous costs that influence the electricity tariff, such as planning delays, changes in foreign currency exchange, etc.

The potential loss that could be incurred from a movement in exchange rates