Guidelines for determination of tariff & SBD for ... - Ministry of Power
Guidelines for determination of tariff & SBD for ... - Ministry of Power
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 />
this Agreement<br />
15.22 Independent Entity<br />
15.22.1The Seller shall be an independent entity per<strong>for</strong>ming its obligations pursuant to the<br />
Agreement.<br />
15.22.2Subject to the provisions <strong>of</strong> the Agreement, the Seller shall be solely responsible <strong>for</strong> the<br />
manner in which its obligations under this Agreement are to be per<strong>for</strong>med. All employees<br />
and representatives <strong>of</strong> the Seller or contractors engaged by the Seller in connection with<br />
the per<strong>for</strong>mance <strong>of</strong> the Agreement shall be under the complete control <strong>of</strong> the Seller and<br />
shall not be deemed to be employees, representatives, contractors <strong>of</strong> Procurer(s) and<br />
nothing contained in the Agreement or in any agreement or contract awarded by the<br />
Seller shall be construed to create any contractual relationship between any such<br />
employees, representatives or contractors and the Procurer(s).<br />
15.23 Fraudulent and Corrupt Practices<br />
15.23.1The Seller and their respective <strong>of</strong>ficers, employees, agents and advisers shall observe the<br />
highest standard <strong>of</strong> ethics during the subsistence <strong>of</strong> this Agreement. Notwithstanding<br />
anything to the contrary contained in the Agreement, the Procurer(s) may terminate the<br />
Agreement without being liable in any manner whatsoever to the Seller, if it determines<br />
that the Seller has, directly or indirectly or through an agent, engaged in corrupt practice,<br />
fraudulent practice, coercive practice, undesirable practice or restrictive practice in the<br />
Bid process. In such an event, the Procurer (s) shall <strong>for</strong>feit the bid bond, without<br />
prejudice to any other right or remedy that may be available to the Procurer(s) hereunder<br />
or subsistence otherwise.<br />
15.23.2Without prejudice to the rights <strong>of</strong> the Procurer (s) under Article 15.23.1 hereinabove and<br />
the rights and remedies which the Procurer(s) may have under this Agreement, if a Seller<br />
is found by the Procurer(s) to have directly or indirectly or through an agent, engaged or<br />
indulged in any corrupt practice, fraudulent practice, coercive practice, undesirable<br />
practice or restrictive practice during the Bid process, or after the issue <strong>of</strong> LOI or after the<br />
execution <strong>of</strong> the PPA, the Procurer(s) may terminate the Agreement without being liable<br />
in any manner whatsoever to the Seller. Further, in such an event, the Procurer (s) shall<br />
<strong>for</strong>feit the Contract Per<strong>for</strong>mance Guarantee.<br />
15.23.3Further, the Seller shall not be eligible to participate in any tender or RFP issued by the<br />
Procurer(s) during a period <strong>of</strong> 2 (two) years from the date such Seller is found by the<br />
Procurer(s) to have directly or indirectly or through an agent, engaged or indulged in any<br />
corrupt practice, fraudulent practice, coercive practice, undesirable practice or restrictive<br />
practices, as the case may be.<br />
15.23.4For the purposes <strong>of</strong> this Article 15.23, the following terms shall have the meaning<br />
hereinafter respectively assigned to them:<br />
(a) “corrupt practice” means (i) the <strong>of</strong>fering, giving, receiving, or soliciting, directly or<br />
indirectly, <strong>of</strong> anything <strong>of</strong> value to influence the actions <strong>of</strong> any person connected with the<br />
Bid process (<strong>for</strong> avoidance <strong>of</strong> doubt, <strong>of</strong>fering <strong>of</strong> employment to or employing or<br />
engaging in any manner whatsoever, directly or indirectly, any <strong>of</strong>ficial <strong>of</strong> the Procurer(s)<br />
…….[Insert name <strong>of</strong> Procurer(s)] 87