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

Standard PPA for … [Insert ‘medium’ or ‘long’, as applicable] term power procurement under Case -1
INDEX
SECTION CONTENTS PAGE NO.
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1. ARTICLE 1: DEFINITIONS AND INTERPRETATION.................................................................... 5
2 ARTICLE 2 : TERM OF AGREEMENT ..................................................................................................22
3 ARTICLE 3 : CONDITIONS SUBSEQUENT TO BE SATISFIED BY SELLER/ PROCURER(S) . 23
4 ARTICLE 4 : SUPPLY OF POWER........................................................................................................... 30
5 ARTICLE 5: CAPACITY, AVAILABILITY AND DISPATCH ............................................................. 40
6 ARTICLE 6: METERING ............................................................................................................................ 43
7 ARTICLE 7: INSURANCES ........................................................................................................................ 44
8 ARTICLE 8: BILLING AND PAYMENT..................................................................................................45
9 ARTICLE 9 : FORCE MAJEURE .............................................................................................................. 56
10 ARTICLE 10: CHANGE IN LAW......................................................................................................... 63
11 ARTICLE 11: EVENTS OF DEFAULT AND TERMINATION ...................................................... 66
12 ARTICLE 12: LIABILITY AND INDEMNIFICATION ................................................................... 72
13 ARTICLE 13: ASSIGNMENTS AND CHARGES .............................................................................. 76
14 ARTICLE 14: GOVERNING LAW AND DISPUTE RESOLUTION.............................................. 78
15 ARTICLE 15: MISCELLANEOUS PROVISIONS............................................................................. 80
1 SCHEDULE 1: NAMES AND DETAILS OF THE PROCURER(S) ..................................................... 90
2 SCHEDULE 2: CALCULATION OF ‘X’ DAYS...................................................................................... 91
3 SCHEDULE 3: AVAILABILITY FACTORS ............................................................................................ 92
4 SCHEDULE 4: TARIFF................................................................................................................................ 93
5 SCHEDULE 5: DETAILS OF GENERATION SOURCE AND SUPPLY OF POWER.................... 110
6 SCHEDULE 6: ESCALATION INDEX....................................................................................................112
7 SCHEDULE 7: REPRESENTATION AND WARRANTIES ................................................................ 113
8 SCHEDULE 8: QUOTED TARIFF........................................................................................................... 115
9 SCHEDULE 9: FORMAT OF THE CONTRACT PERFORMANCE GUARANTEE ...................... 116
10 SCHEDULE 10: SELECTED BID.......................................................................................................119
11 SCHEDULE 11: LIST OF BANKS......................................................................................................121
12 SCHEDULE 12: SUBSTITUTION RIGHTS OF THE LENDERS................................................. 123
13 SCHEDULE 13: CAPITAL STRUCTURE SCHEDULE ................................................................. 130
…….[Insert name of Procurer(s)] 2