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

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Standard PPA <strong>for</strong> … [Insert ‘medium’ or ‘long’, as applicable] term power procurement under Case -1<br />

price less than the Tariff, without obtaining the prior written consent <strong>of</strong> such Procurer(s).<br />

Such request <strong>for</strong> consent would be responded to within a maximum period <strong>of</strong> three (3)<br />

days failing which it would be deemed that the Procurer has given his consent.<br />

[Insert in case <strong>of</strong> single Procurer] Provided further that at the end <strong>of</strong> such period, this<br />

Agreement shall automatically terminate and thereafter, the Procurer shall have no further<br />

Capacity Charge liability towards the Seller.<br />

[Insert in case <strong>of</strong> multiple Procurers] Provided further that at the end <strong>of</strong> such period,<br />

this Agreement shall automatically terminate but only with respect to such Procurer and<br />

thereafter, such Procurer shall have no further Capacity Charge liability towards the<br />

Seller.<br />

[Insert in case <strong>of</strong> single Procurer] Provided further, the Seller shall have the right to<br />

terminate this Agreement with respect to the Procurer even be<strong>for</strong>e the expiry <strong>of</strong> such<br />

period provided on such termination, the future Capacity Charge liability <strong>of</strong> the Procurer<br />

shall cease immediately.<br />

[Insert in case <strong>of</strong> multiple Procurers] Provided further, the Seller shall have the right to<br />

terminate this Agreement with respect to such Procurer(s) even be<strong>for</strong>e the expiry <strong>of</strong> such<br />

period provided on such termination, the future Capacity Charge liability <strong>of</strong> such<br />

Procurer(s) shall cease immediately.<br />

11.5 Termination due to Force Majeure<br />

11.5.1 If the Force Majeure Event or its effects continue to be present beyond the period as<br />

specified in Article 4.7.3, either Party shall have the right to cause termination <strong>of</strong> the<br />

Agreement. In such an event, subject to the terms and conditions <strong>of</strong> the Financing<br />

Agreements, this Agreement shall terminate on the date <strong>of</strong> such Termination Notice. In<br />

case <strong>of</strong> such termination, the Contract Per<strong>for</strong>mance Guarantee shall be returned to the<br />

Seller as per the provisions <strong>of</strong> Article 3.8.<br />

…….[Insert name <strong>of</strong> Procurer(s)] 71

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