11E+W+SFor paragraph 1 substitute—
1(1)This paragraph applies where a tender exercise is held in relation to a relevant electricity project, a relevant licence or a relevant contract.
(2)The Authority may, on an application under paragraph 3, make a scheme (“a property scheme”) providing for—
(a)the transfer to the successful bidder of, or
(b)the creation in favour of the successful bidder of rights in relation to,
any property, rights or liabilities necessary or expedient for construction, commissioning or operational purposes.”
Commencement Information
I1Sch. 15 para. 11 in force at Royal Assent, see s. 334(2)(i)