Section 25Part 3 — Licensing
Assignment or transfer of licence
←→ Navigate · Click subsection badges to collapse · Press ? for help
A licensee shall not assign a licence granted under this Law, or any rights thereunder without the prior written consent of the Office.
The Office may consent to an application for the assignment of a licence under subsection (1) where the Office is satisfied that the proposed assignee satisfies the criteria set out in section 23(3), (4) and (5).
A licensee who may wish to assign or transfer a licence as provided in subsection (1) shall request in writing the consent of the Office and the Office shall reply in writing within twenty-eight days of the receipt of such request.
The Office shall, before consenting to the assignment of a licence, publish the particulars of the proposed assignment.
Where the Office refuses to give its consent it shall give reasons in writing for such refusal to the licensee that requested the consent.
Cross References
- Section 23 of Electricity Sector Regulation Act
section 23(3), (4) and (5)