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
“Revised Scheduled
Delivery Date”
shall have the meaning ascribed thereto in Article 4.1 of this
Agreement;
“RFP” shall mean the Request For Proposal document along with all formats
dated ……….. [Insert date of the RFP document] issued by the
Procurer(s)/ Authorized Representative and shall include any
modifications, amendments or alterations and clarifications thereto;
“RFP Documents” shall mean the following documents entered into in respect of the
procurement of power, by the Parties to the respective agreements:
a) PPA;
b) Default Escrow Agreement;
c) Agreement to Hypothecate cum Deed of Hypothecation; and
d) ……………………………………………………..[Procurer(
s) to insert before the issuance of the Agreement]
"RLDC" shall mean the relevant Regional Load Dispatch Centre established
under Sub-section (1) of Section 27 of the Electricity Act, 2003;
"RPC" shall mean the relevant Regional Power Committee established by
the Government of India for a specific region in accordance with the
Electricity Act, 2003 for facilitating integrated operation of the power
system in that region;
"Rupees" or "Rs." shall mean Indian rupees, the lawful currency of India;
“SBAR” shall mean the prime lending rate per annum applicable for loans
with one (1) year maturity as fixed from time to time by the State
Bank of India. In the absence of such rate, SBAR shall mean any
other arrangement that substitutes such prime lending rate as
mutually agreed to by the Parties;
“Scheduled Delivery
Date”
“Scheduled Energy” or
“Scheduled
Generation”
shall have the meaning ascribed thereto in Article 4.1 of this
Agreement;
Shall mean scheduled generation as defined in the ABT;
"Scheduled Outage" shall mean the final outage plan as approved by the RPC as per the
provisions of the Grid Code;
“Selected Bid” shall mean the Bid of the Successful Bidder as accepted by the
Procurer/ Authorized Representative, copy of which is attached
herewith and marked as Schedule 10 of this Agreement;
“Selectee”
shall mean a new company (i) proposed by the Lenders pursuant to
[Insert if the Seller
Schedule 12 hereof and approved by the Procurers (ii) or proposed by
chooses the option of
the Procurer in accordance with Schedule 12 hereof and approved by
Lender’s substitution
the Lenders, for substituting the Seller for the residual period of the
rights]
PPA by amendment of the PPA or by execution of a fresh PPA in
accordance with the terms and conditions contained in the said
…….[Insert name of Procurer(s)] 16