As used in project financing, this is the party who buys the product being produced by the project or uses the services being sold by the project (for example, electricity, mined copper, or a pipeline). In project financings, the offtaker's rights and obligations under the offtake agreement must be coordinated with the project company's rights and obligations under the loan documents, the construction contract and other applicable project documents.

For more information on these issues, see Practice Notes: