05.07.2009
The entity that obtains the license from the licensing authority
A license to manage the electricity system in its production and transmission sectors, and including the continuous balance between electricity supply and demand, ensuring the survivability of the electricity production and transmission systems, the management of the transfer of energy from the power stations via the electricity grids to the sub-stations at the required level of reliability and quality, scheduling the implementation of maintenance work on the production units and on the transmission system, management of electricity trading under optimal conditions of competition and equality including the implementation of agreements for the purchase of installed capacity and energy from electricity producers and the planning of the development of the transmission system and transformation
A stage in the allocation of offshore licenses in which a state places a number of specified areas in its sector on offer to oil companies at one time
License fee is a period payment set by law, according to which the exploration company pays to the licensing authority periodic payments to retain the license. The fee is usually set on a square kilometer basis