04.08.2013 Views

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

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!