Guidelines for determination of tariff & SBD for ... - Ministry of Power

Standard RFP for ….[Insert ‘medium’ or ‘long’, as applicable] term power procurement under Case - 1
In view of the above, we hereby undertake to you and confirm that in the event of failure of
……………………. (Insert name of the Consortium Member) to submit the Contract
Performance Guarantee on behalf of the Seller in full or in part at any stage, as specified in
the RFP, we shall submit the Contract Performance Guarantee for the amount not
submitted by ……………………. (Insert name of the Consortium Member]”).).
[Note: Insert the following para in case of a Bidding Consortium OR a Bidding
Company opting to invest through a Project Company]
:
“We have carefully read and examined in detail the RFP, including in particular, Clause
2.4.1.1 of the RFP, regarding submission of an undertaking, as per the prescribed Format
4.7 (B).
We have also noted the amount of the equity investment required to be made in the Project
Company by the ……………………………….. (Insert the name of the Bidding
Company/Consortium Member) to be incorporated to undertake the obligations under the
PPA for the supply of power.
In view of the above, we hereby undertake to you and confirm that in the event of failure of
……………………. (Insert name of the Bidding Company/Member of the Consortium) to
invest in full or in part, in the equity share capital of the Project Company as specified in
the Bid, we shall invest the said amount not invested by ……………………. (Insert name
of the Bidding Company/Member of the Consortium).]”).
We have attached hereto certified true copy of the Board Resolution whereby the Board of
Directors of our Company has approved issue of this Undertaking by the Company.
All the terms used herein but not defined, shall have the meaning as ascribed to the said
terms under the RFP.
Signature of Chief Executive Officer / Managing Director / Manager [Refer Notes]
Common seal of ……………… has been affixed in my/our presence pursuant to
Board of Director’s Resolution dated……
WITNESS
1. ……………………………………………….
(Signature)
Name ………………………………….
Designation...........…………………..
2. ……………………………………………….
(Signature)
Name ………………………………….
Designation...........…………………..
………..[Insert name of Procurer / Authorized Representative ] Page 94