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Komor Enterprise Ltd, MOU, 2008
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Corporate headquarters

Lecidere Office Center (Loc) Avenida Direitos Humanos, Dili, Timor-Leste Suite 105

Page 1 ( Preamble )

Date - contract signature

21/8/2008

Page 3 ( Signature page )

Governing law

The memorandum of understanding is to be construed in accordance with the laws of the Democratic Republic of Timor-Leste. In... more

Page 2 ( Art. 11 )

Local employment

The project is expected to generate about 300 new direct jobs, but there is no requirement that these jobs be for local persons or not

Page 1 ( Art. 2 )

Location

Five areas: Lospalos, Maliana, Baucau, Betano, Same, Viqueque

Page 1 ( Art. 2 )

Name of company executing document

KOMOR Enterprise Ltd

Page 1 ( Preamble, Preamble )

Other - operational

The Government encourages KOMOR Enterprise to pursue technical, economic, financial, and environmental feasibility studies. KOMOR Enterprise will prepare a feasibility... more

Page 2 ( Arts. 4, 7, Arts. 4, 7 )

Outgrowers Program

KOMOR Enterprise intends to plant corn farm project in collaboration with local farmers, individually or through cooperatives. The Government will... more

Page 1 ( Arts. 2, 6 ), Page 2 ( Arts. 2, 6 )

Parent company or affiliates outside of country

Komor Enterprise is a Korean company

Page 1 ( Preamble (B) )

Resource(s)

Biofuel, Corn, Jatrophas Curcas

Page 1 ( Preamble (B), Arts. 2, 6, Preamble (B), Arts. 2, 6 ), Page 2 ( Preamble (B), Arts. 2, 6 )

Signatories, company

Ko Sag Soo, Chairman / CEO, KOMOR Enterprise Limited

Page 3 ( Signature page )

Signatories, State

Avelino Coelho, Secretary of State for Energy Policy

Page 3 ( Signature page )

Size of concession area

100,000 ha

Page 1 ( Art. 2 )

State agency, national company or ministry executing the document

Secretary of State for Energy Policy

Page 1 ( Preamble )

Term

2 years, unless extended by mutual agreement between the parties

Page 2 ( Art. 10 )

Type of contract

Memorandum of Understanding

Page 1 ( Title )

Work and investment commitments

USD $3,000,000

Page 1 ( Art. 2 )

Year of contract signature

2008

Page 3 ( Signature page )
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Metadata

Country

Timor - Leste

Signature Year

2008

Resource

Biofuels | Jatropha curcas | Maize (Corn)

Type of Document

Contract

Open Contracting Identifier

ocds-591adf-2330745782

Disclosure Mode

Online - La'o Hamutuk

Land Matrix ID

#3803

More from

Timor - Leste

More for

Biofuels | Jatropha curcas | Maize (Corn)

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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