[{"bbox": [85, 129, 709, 163], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [85, 195, 382, 226], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [97, 242, 1087, 270], "category": "Text", "text": "In order to implement this action, it is envisaged to conclude a financing agreement with the partner country."}, {"bbox": [85, 306, 510, 337], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [97, 353, 1120, 434], "category": "Text", "text": "The indicative operational implementation period of this action, during which the activities described in section 3 will be carried out and the corresponding contracts and agreements implemented, is 144 months from the date of entry into force of the financing agreement."}, {"bbox": [97, 459, 1122, 514], "category": "Text", "text": "Extensions of the implementation period may be agreed by the Commission's responsible authorising officer by amending this Financing Decision and the relevant contracts and agreements."}, {"bbox": [85, 554, 441, 586], "category": "Section-header", "text": "## 4.3 Implementation Modalities"}, {"bbox": [97, 612, 1132, 690], "category": "Text", "text": "The Commission will ensure that the EU appropriate rules and procedures for providing financing to third parties are respected, including review procedures, where appropriate, and compliance of the action with EU restrictive measures."}, {"bbox": [85, 718, 615, 746], "category": "Section-header", "text": "### 4.3.1 Indirect Management with a pillar assessed entity"}, {"bbox": [97, 761, 1131, 947], "category": "Text", "text": "A part of this action may be implemented in indirect management with an entity, which will be selected by the Commission's services using the following criteria: (i) appetite/alignment with the options that have been identified for implementation, (ii) level of co-financing that may be mobilised as part of overall added value both own funding and leveraging additional sources, (iii) overall technical and institutional capacities with some flexibility to be considered as part of the negotiation process, (iv) experience and presence (or willingness to establish presence) in Lesotho, (v) experience in long-term planning, market regulation and on-grid integration and capacitating and strengthening public-sector regulatory bodies."}, {"bbox": [97, 972, 1098, 1000], "category": "Text", "text": "The implementation by this entity entails a contribution to Outputs 1.1, 1.2, 2.1, 3.1, 3.2 and 3.3 of the action."}, {"bbox": [85, 1039, 615, 1067], "category": "Section-header", "text": "### 4.3.2 Indirect Management with a pillar assessed entity"}, {"bbox": [97, 1082, 1131, 1295], "category": "Text", "text": "A part of this action may be implemented in indirect management with an entity, which will be selected by the Commission's services using the following criteria: (i) appetite/alignment with the options that have been identified for implementation, (ii) level of co-financing that may be mobilised as part of overall added value both own funding and leveraging additional sources, (iii) overall technical and institutional capacities with some flexibility to be considered as part of the negotiation process, (iv) experience and presence (or willingness to establish presence) in Lesotho, (v) capacity to support operationally a fund and implement multiple financial instruments that are adequate to the kinds of actions planned, (vi) experience in the technology/window lots proposed under the fund, (vii) capacity to support transition to blended finance structure and instruments."}, {"bbox": [97, 1320, 1020, 1348], "category": "Text", "text": "The implementation by this entity entails a contribution to Outputs 1.3, 2.1, 2.2 and 2.3 of the action."}, {"bbox": [85, 1386, 560, 1412], "category": "Section-header", "text": "### 4.3.3 Contribution to Africa Investment Platform"}, {"bbox": [97, 1441, 1132, 1496], "category": "Text", "text": "This contribution may be implemented under indirect management with the entities, called Lead Finance Institutions, identified in the appendix to this Action Document."}, {"bbox": [97, 1523, 1133, 1634], "category": "Text", "text": "The action will contribute to Outputs 1.3, 2.1, 2.2 and 2.3 by establishing a country window under an ElectriFI type of instrument for renewable energy, energy access and energy efficiency investment. The action may prepare the ground for further investment through the regional blending platform, such as for investment in public infrastructure and demonstration projects for EE with high potential for replication. This contribution may be"}, {"bbox": [1027, 1680, 1143, 1706], "category": "Page-footer", "text": "Page 19 of 25"}]