The Energy Market Regulatory Authority
("EMRA") has enabled commencement of
construction for electricity generation facilities on the basis of
a preliminary project approval until 31 December 2020.
By default, the Electricity Market License Regulation
("Regulation") requires the final
project for an electricity generation facility to be approved
before construction. Provisional Article 26 of the Regulation made
an exception to this rule, and allowed would-be licensees to start
construction with the approval of the preliminary project, provided
the preliminary project approval was obtained and submitted to EMRA
no later than 31 December 2019.
By an amendment to the Regulation published in the Official
Gazette on 2 January 2020, the term for starting construction on
the basis of a preliminary project approval has been extended for
another year. Applicants will be able to start construction with
preliminary project approval throughout 2020. This amendment