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. Methodology of approval of the bid documents including the evaluation criteria, PPA
provisions, payment security mechanism, amendment to the bid document and
methodology for negotiation with the Successful Bidders by the Procurers.
6. Undertaking that the tariff of the Successful Bidder based on the accepted Bidding
process shall be binding on each Procurer.
7. Undertaking to provide agreed Payment Security Mechanism as provided in the PPA by
each individual Distribution Licensee corresponding to their share of power.
8. Undertaking that the Successful Bidder in the event of payment default by the
defaulting procurer shall not be debarred from sale of power to a third party of its
proportionate share as provided in the PPA.
This Joint Deed Agreement
(d) has been duly executed and delivered on behalf of each Procurer hereto and constitutes
the legal, valid, binding and enforceable obligation of each such Procurer,
(e) sets forth the entire understanding of the Procurer hereto with respect to the subject
matter hereof;
IN WITNESS WHEREOF, the parties to the joint Deed agreement have, through their
authorized representatives, executed these presents and affixed Common Seals of their
respective companies on the Day, Month and Year first mentioned above.
For M/s ...........................................................
(Procurer 1)
1. Common Seal of M/s.........................
................................................. (Signature of the authorized representative)
have been affixed in my/
our presence pursuant to
Board/Board of Directors Resolution Name.............................................
dated
Signature................................... Designation.......................................
For M/s ...........................................................
(Procurer 2)
2. Common Seal of M/s.........................
................................................. (Signature of the authorized representative)
have been affixed in my/
our presence pursuant to
Board/Board of Directors Resolution Name.............................................
dated
Signature................................... Designation.......................................
………..[Insert name of Procurer / Authorized Representative ] Page 118