Chittagong - BPDB

49. “Letter of Intent” – means the letter issued by BPDB to signify the selection of the
Project Sponsor to develop the Project and granting the right to develop the Project on the
terms specified in this RFP and in their Proposal;
50. “Levelized Tariff Charge” or “LTC” – means the single value of Tariff Charge in Taka
or US cents per kWh for each of the Contract Years over the Term of the PPA, which
would have the same present value as the present value of the annual Tariff Charges in
the Proposal of a Bidder, as calculated in accordance with Section B, Article 7 and Annex
A, Exhibit II.
51. “Maintenance Outage” – means an interruption or reduction of the generating capacity
of the Facility that: (1) is not a Scheduled Outage; and (2) has been scheduled and
allowed by BPDB in accordance with Article 9.4 of the PPA; and (3) is for the purpose of
performing work on specific components of the Facility, which work should not, in the
reasonable opinion of Company, be postponed until the next Scheduled Outage.
52. “Maintenance Outage Energy” – means the sum of the products of (a) the reduction in
Facility’s generating capacity (from the Contracted Facility Capacity) as a result of each
Maintenance Outage occurring during the relevant Contract Year, expressed in MW,
multiplied by (b) the number of hours that such Maintenance Outage was in effect during
the relevant Contract Year.
53. “MW” – means MegaWatts.
54. “MWh” – means MegaWatt-hours.
55. “Ministry” or “MPEMR” – means the Power Division, Ministry of Power, Energy and
Mineral Resources (MPEMR) of the People’s Republic of Bangladesh.
56. “Net Energy Output (NEO)” – means the net electrical energy expressed in kWh that is
generated by the Facility and delivered to the Delivery Point as measured by the Metering
System or the Back-Up Metering System, as the case may be.
57. “O&M Agreement” – means the agreement (if any) entered into by the Company and
the O&M Contractor for the operation and maintenance of the Facility.
58. “O&M Contractor” – means an operating company or an entity, and any successor
thereto, appointed by the Company for the operation and maintenance of the Facility.
59. “Operating Member” – means the Bidder itself if it is a single firm, or a member of the
Bidder consortium designated by the Bidder and pre-qualified by BPDB as a member
having experience in the operation and maintenance of power plants.
60. “Operations Security Deposit” – has the meaning as ascribed thereto in the draft PPA.
61. “Performance Security Deposit” – means the unconditional bank guarantee in an
amount equal to (a) thirty six thousand Dollars (US$ 36,000.00) multiplied by (b) the
Contracted Facility Capacity, issued by a scheduled bank in Bangladesh or by a foreign
bank which has been authenticated by a scheduled bank in Bangladesh and shall by its
terms be encashable at a bank in Dhaka, Bangladesh, provided by the Company as
security for the Company’s obligations under the PPA, including its obligations to
achieve financial closing, deliver the Operations Security Deposit and to pay liquidated
damages to thereunder.
Request for Proposal (Chittagong 50±10% MW HFO Fired Project) Page 12