Criteria

Criteria for Evaluation

The RE-REC shall evaluate the RE Proposals based on the criteria listed below. Evaluation of the RE Proposal on technical and financial criteria shall proceed only after the RE-REC has found that all legal requirements are complied with.

CRITERIA KEY ELEMENTS WEIGHT PERCENTAGE
LEGAL DOCUMENTATION
  • Legal Documents
PASS / FAIL  
WORK PROGRAM
  • Resource exploration/evaluation strategies and methodologies
  • Development concepts
 40%
FINANCIAL QUALIFICATIONS
  • Available working capital
  • Sources of current funds
  • Other source of future funds
30%
TECHNICAL QUALIFICATIONS
  • Technical resources
  • Experiences and track record of the company
  • Qualifications of Key Management and Technical Personnel
30%

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