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
5.4 Format of the Joint Deed Agreement among the participating Procurers [Insert if
applicable]
(To be on non-judicial stamp paper of appropriate value as per Stamp Act relevant to
place of execution.)
Form of Joint Deed Agreement between ................... [Insert name of Procurer 1], ...................
[Insert name of Procurer 2], ….. , ................... ;[Insert name of Procurer n], for procurement of
power on a [insert ‘medium-term’ or ‘long-term’ whichever is applicable] basis
THIS Joint Deed Agreement executed on this....................... day of .................. Two
thousand................... between M/s ...................................................... a company/Board
incorporated under the laws of India and a Distribution Licensee under the Electricity Act 2003
.............................................. and having its Registered Office at ...............................................
(hereinafter called the "Procurer-1”, which expression shall include its successors, executors
and permitted assigns) and M/s.................................................................. a Company/Board
incorporated under the laws of India and a Distribution Licensee under the Electricity Act
2003. ......................................... and having its Registered Office at
............................................. (hereinafter called the "Procurer-2", which expression shall
include its successors, executors and permitted assigns), M/s ............................................. a
Company/Board incorporated under the laws of India and a Distribution Licensee under the
Electricity Act 2003 ......................................................... and having its Registered Office at
............................................. (hereinafter called the "Procurer-3", which expression shall
include its successors, executors and permitted assigns) and M/s ............................................. a
Company/Board incorporated under the laws of India and a Distribution Licensee under the
Electricity Act 2003. ............................................. and having its Registered Office at
............................................. (hereinafter called the "Procurer-4", which expression shall
include its successors, executors and permitted assigns), for the purpose of procurement of
power on long term basis.
WHEREAS, each Procurer individually referred as the Procurer and all the Procurers
collectively referred to as the Procurers in this agreement;
WHEREAS, the …………… [Insert “Procurer” / “Authorized Representative” as applicable]
is inviting Bids for procurement of power as per RFP dated………….[Insert date]
NOW THEREFORE, THIS INDENTURE WITNESSTH AS UNDER :
In consideration of the above premises and agreements all the Procurers in this consortium do
hereby mutually agree as follows:
Body of the Joint Deed Agreement shall incorporate clauses pertaining to following key
principles:
1. Willingness to procure power through the combined Bid process.
2. The share of power to be procured by each Procurer.
3. Agreement on the Lead Procurer and the task to be performed by the Lead Procurer.
4. Responsibility of each Procurer.
………..[Insert name of Procurer / Authorized Representative ] Page 117