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GTLESTE BIOTECH, MOU, 2008
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Confidentiality

All information and documents supplied to either party pursuant to the contract shall be treated as confidential by the parties... more

Page 2 ( Art. S )

Country

East Timor

Page 1 ( Preamble, Art. A, Preamble, Art. A )

Date - contract signature

15/01/2008

Page 3 ( Signature block )

Governing law

The proposed project is subject to and conditional upon GTLESTE BIOTECH meeting all requirements set out by the laws of the Democratic Republic of Timor- Leste

Page 3 ( Art. V )

Local development agreement

GTLESTE BIOTECH will provide community facilities such as clinics and sporting areas.

Page 2 ( Art. P )

Local employment

The project is expected to generate more than 2,000 regular employees and more than 8,000 labor direct jobs. GTLESTE BIOTECH... more

Page 1 ( Art. C ), Page 2 ( Art. K )

Location

See missing annex ("land site as per attached").

Page 1 ( Art. G )

Name of company executing document

GTLESTE BIOTECH

Page 1 ( Preamble, Art. B, Preamble, Art. B )

Other - operational

GTLESTE BIOTECH will support Timor Leste total consumption of sugar and ethanol with reasonable prices. It will participate the district... more

Page 2 ( Arts. N, O, Arts. N, O )

Renewal or extension of term

This contract can be extended by mutual agreement. Any subsequent investment contract would be extendable for another 50 years.

Page 2 ( Art. H ), Page 3 ( Art. T. )

Resource(s)

Sugarcane products

Page 1 ( Art. G, Art. C )

Signatories, company

Gino Sakiris, Chairman of GTLESTE BIOTECH

Page 3 ( Signature block )

Signatories, State

Mariano Assanami Sabino, Minister of Agriculture and Fisheries

Page 3 ( Signature block )

Size of concession area

100,000 hectares

Page 1 ( Art. G )

State agency, national company or ministry executing the document

Ministry of Agriculture and Fisheries

Page 1 ( Preamble ), Page 3 ( Signature block )

State participation

No state participation. The Government would however provide all necessary incentives, export excess of the company product, [and grant] licenses,... more

Page 2 ( Art. L, Art. I )

Term

This contract is valid 2 years from its signature. If concluded, the subsequent investment contract would have a duration of... more

Page 2 ( Art. J, Art. H ), Page 3 ( Art. U )

Training

GTLESTE BIOTECH will establish a training and development centre for maintenance, mechanics, and agriculture in order to transfer technology.

Page 2 ( Art. M )

Type of contract

Memorandum of Understanding

Page 1 ( Title )

Work and investment commitments

GTLESTE BIOTECH estimates the total investment for the project would amount to over US$ 100,000,000, including the sugar cane plantation,... more

Page 1 ( Art. C, Art. F, Art. G )
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Metadata

Country

Timor - Leste

Signature Year

2008

Resource

Sugarcane

Type of Document

Contract

Open Contracting Identifier

ocds-591adf-0186221161

Disclosure Mode

East Timor Legal Information Site

This document has missing annexes

Land Matrix ID

#156

More from

Timor - Leste

More for

Sugarcane

This site provides summaries of contracts and their terms to facilitate understanding of their important provisions. These summaries are not interpretations of the documents. Neither the summaries nor the full contracts are complete accounts of all legal obligations related to the projects in question. This site also includes document text that was created automatically; such text may contain errors and differences from the original PDF files. No warranty is made to the accuracy of any content on this website.

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