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
[Insert this definition in
case Seller is not a
Trading Licensee]
“Lender’s
Representative”
“Letter of Credit” or
“L/C”
“Letter of Intent” or
“LOI”
[Insert in case of
multiple Procurers]
“Majority Procurers”
“Member” [Insert this
definition only in case
the Seller is a Bidding
Consortium]
“Meters” or “Metering
System”
“Minimum Offtake
Guarantee” (Applicable
in case of linkage-based
coal/ imported
coal/domestic gas/
imported LNG based
projects)
Provided that, such assignment or transfer shall not relieve the Seller
of its obligations to the Procurer(s) under this Agreement in any
manner and does not lead to an increase in the liability of the
Procurer(s) at any given point of time;
shall mean the person notified by the Lenders in writing as being the
representative of the Lenders and such person may from time to time
be replaced by the Lenders pursuant to the Financing Agreements by
written notice to the Seller ;
shall have the meaning ascribed thereto in Article 8.4.1 of this
Agreement;
shall mean the letter issued by the Procurer / Authorized
Representative to the Successful Bidder for supply of power pursuant
to the RFP;
shall have the meaning ascribed thereto in Article 15.1.4 of this
Agreement;
shall mean Member of the Bidding Consortium who is holding equity
of the Seller as per the terms of the consortium agreement;
shall mean meters used for accounting and billing of electricity in
accordance with Central Electricity Authority (Installation and
Operations of Meters) Regulations, 2006, Grid Code and ABT, as
amended from time to time;
shall mean guaranteed offtake of ………….. percent (……..%)
[Insert percent of offtake] of the Aggregate Contracted Capacity for
the Procurer or all Procurers taken together, as the case may be,
during a Contract Year 6 .
"Month" shall mean a period of thirty (30) days from (and excluding) the date
of the event, where applicable, else a calendar month;
"Monthly Bill" or
“Monthly Invoice”
“Natural Force Majeure
Event”
shall mean a monthly invoice comprising of Capacity Charges
(applicable after Delivery Date) and Energy Charges (as applicable),
including incentive and penalty, as per Schedule 4 hereof;
shall have the meaning ascribed thereto in Article 9.3 of this
Agreement;
6 To be decided by the Procurer but needs to be aligned with the prevalent CERC norms
…….[Insert name of Procurer(s)] 12