4. power purchase agreement(ppa) - BPDB

Power Purchase Agreement-Fenchuganj
POWER PURCHASE AGREEMENT
THIS POWER PURCHASE AGREEMENT (this “Agreement”) is entered into as of this __ day of [insert
month and year], by and between the Bangladesh Power Development Board (hereinafter referred to as
“BPDB”), with its registered office located at _________, Dhaka, Bangladesh, and [Name of Company]
(hereinafter referred to as the “Company”), with registered office located at _________, Dhaka,
Bangladesh (BPDB and the Company, each of which reference includes their respective successors and
permitted assigns, are sometimes hereinafter referred to individually as a “Party” and, collectively, as the
“Parties”).
RECITALS
WHEREAS, BPDB is a public utility engaged in the generation, transmission, distribution and sale of
electric capacity and energy in the People’s Republic of Bangladesh (“Bangladesh”);
WHEREAS, BPDB issued a Request for Proposals for the design, engineering, manufacture, financing,
construction, completion, permitting, testing, commissioning, insurance, ownership, operation and
maintenance (collectively, the “Project,” as hereinafter defined) of a Gas fired combined cycle power
station located at Fenchuganj near to upcoming 230/132 kV Fenchuganj substation, Fenchuganj,
Bangladesh to provide [insert capacity] MW (net) of electric power generation capacity (the “Facility,” as
hereinafter defined);
WHEREAS, the Project Sponsor [insert name of Project Sponsor] was selected as the entity to implement
the Project through a competitive tendering process, and has established the Company to implement the
Project;
WHEREAS, [Insert Company name] formed by [Project Sponsor] has agreed to implement the Project,
and to sell Dependable Capacity (as hereinafter defined) and Net Energy Output (as hereinafter defined)
of the Facility to BPDB in accordance with the terms and conditions set forth in this Agreement;
WHEREAS, the Company is entering into an Implementation Agreement with the Government of
Bangladesh and the Power Grid Company of Bangladesh, and Gas Supply Agreement with Jalalabad
Gas Transmission & Distribution System Ltd. (JGTDSL);
WHEREAS, BPDB has agreed to purchase the Dependable Capacity and Net Energy Output of the
Facility from the Company in accordance with the terms and conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual benefits and covenants contained herein, the Parties
hereby agree as follows:
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