Paragraph 1 I1

entered into a bilateral agreement with the holder of a co-ordination licence in accordance with the arrangements for connection and use of the transmission system;

entered into an agreement for lease of the seabed;

obtained, or secured financing to obtain, the notified preliminary works for the transmission assets and provided the Authority with evidence in writing of how preliminary works that are not yet obtained, will be obtained;

satisfied the Authority that the terms of each construction phase contract, if any, are conducive to the development of an efficient, coordinated and economical system of electricity transmission; and

provided the Authority with evidence in writing of its commitment to secure financing to construct the relevant generating station.