During the interim payment, the balance for one IPP was negative and the reimbursement was made by IPP to the SDM. The value of the reimbursement will be taken into account on the next pre- financing or interim payment?

769 viewsPrevious INEA CEF Calls (2014 and 2015)

The value of the reimbursement made to the SDM is only meant to settle the interim payment at stake. The value of the third pre-financing will be calculated on the basis of INEA’s formula as follows:

III pre-financing formula= 40%*(cumulated financing  needs up to 2017)  –  I  pre-financing

– II pre-financing.

(cf Article II.24.2b of the FPA).

Please also note that each payment is calculated at Action level on the basis of INEA’s formula above and reflected at IPP level.

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