DEFINITIONS Definitions. 1.1 For all purposes of this Agreement, the following words and expressions shall have the respective meanings set forth below: For all purposes of this Agreement, unless the context otherwise requires the following words and expressions shall have the respective meanings set forth below: "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals "Billing Period" means (subject to Clause 6.1 of the Agreement) means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. "Billing Period" means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project is available for commercial operation and such date as specified in a written notice given at least ten days in advance by the Company to …ESCOM and in any case, shall not "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project is available for commercial operation and such date as specified in a written notice given at least ten days in advance by the Company to …ESCOM and in any case, shall not be beyond the be beyond the Schedule Date of Completion Scheduled Date of Completion “Commission” means the Karnataka Electricity Regulatory Commission. “Commission” means the Karnataka Electricity Regulatory Commission. “Construction Default” shall mean default on the part of the Company in the completion of the Project before the Scheduled Date of Completion thereof. “Construction Default” shall mean default on the part of the Company in the completion of the Project before the Scheduled Date of Completion thereof. “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation’s Electrical System” means, which includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. “Corporation’s Electrical System” means, and includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. "Delivery Point" shall be the point or points at which Electricity is delivered into the Grid System of the Corporation/ Escom and is at the high voltage side of the step-up transformer installed at Project Site. "Delivery Point" or “Interconnection Point” shall be the point at which the power is injected in to the substation bus of the …ESCOM/Corporation. “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period after deducting therefrom, the energy supplied by the ...ESCOM to the Project, as similarly measured during such Billing Period and shall be computed in accordance with Clause 6.1 “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period. “Due Date of Payment” in respect of a Monthly Invoice means the date, which is 15 (fifteen) days from the date of receipt of such invoices by the designated official of the …..ESCOM “Due Date of Payment” in respect of a Monthly Invoice means the date, which is Thirty days from the date of receipt of such invoices by the designated official of the …..ESCOM “…ESCOM” means the …… Electricity Supply Company or its successor entity. “…ESCOM” means the …… Electricity Supply Company or its successor entity. “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full or such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full and such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. “Emergency" means a condition or situation affecting either Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “Emergency" means a condition or situation affecting either the Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “ESCOMs’ electrical System” means, which includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. “ESCOMs’ electrical System” means, and includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. "Financing Documents" mean the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation "Financing Documents" means the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of and maintenance of the Project (which may include asset leasing arrangements) the Project (which may include asset leasing arrangements) "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. "Force Majeure Event" shall have the meaning set forth in Article 8 "Force Majeure Event" shall have the meaning set forth in Article 8 "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. used as the primary fuel in the Project, or any other alternate fuel. "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. used as the primary fuel in the Project, or any other alternate fuel. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "Government Instrumentality" means the GoI, and the GoK and their ministries, inspectorate, departments, agencies, bodies, corporations, authorities and legislative bodies Deleted “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company or by any other person acting on its behalf to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “KV” means Kilovolt. “KV” means Kilovolt. “KW” means Kilowatt “KW” means Kilowatt “Kwh” means Kilowatt-hour. “Kwh” means Kilowatt-hour. "Law" means any valid legislation, statute, rule, regulation, notification, directive or order issued or promulgated by any Governmental Instrumentality. Deleted “Letter of Credit” shall mean the letter of credit established pursuant “Letter of Credit” shall mean the letter of credit established pursuant to to Article 6. Article 6. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. “Metering Point” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri- vector meters, main meter installed by the Company and check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid “Metering” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri-vector meters, main meter installed by the Company and the check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid. “Monthly Charge” shall have the meaning set forth in Article 5 Deleted “Tariff Invoices” shall have the meaning set forth in Article 6. Deleted “MW” means Megawatts. “MW” means Megawatts. “O & M Default” shall mean any default on the part of the Company for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times during the period of availability of Fuel for generation. “O & M Default” shall mean any default on the part of the Company for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times during the period of availability of Fuel for generation.. “Project” means a Biomass Based/Agricultural Residue Based Power Station proposed to be established by the Company at ..................................... in Karnataka State comprising of Units with an individual capacity of MW and a total installed capacity of ..
Appears in 1 contract
Sources: Power Purchase Agreement
DEFINITIONS Definitions. 1.1 For all purposes of this Agreement, the following words and expressions shall have the respective meanings set forth below: For all purposes of this Agreement, unless the context otherwise requires the following words and expressions shall have the respective meanings set forth below: "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals "Billing Period" means (subject to Clause 6.1 of the Agreement) means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. "Billing Period" means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project is available for commercial operation and such date as specified in a written notice given at least ten days in advance by the Company to …ESCOM and in any case, shall not be beyond the Schedule Date of "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project is available for commercial operation and such date as specified in a written notice given at least ten days in advance by the Company to …ESCOM and in any case, shall not be beyond the be beyond the Schedule Date of Completion Scheduled Date of Completion “Commission” means the Karnataka Electricity Regulatory Commission. “Commission” means the Karnataka Electricity Regulatory Commission. “Construction Default” shall mean default on the part of the Company in the completion of the Project before the Scheduled Date of Completion thereof. “Construction Default” shall mean default on the part of the Company in the completion of the Project before the Scheduled Date of Completion thereof. “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation’s Electrical System” means, which includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. “Corporation’s Electrical System” means, and includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. "Delivery Point" shall be the point or points at which Electricity is delivered into the Grid System of the Corporation/ ....Escom and is at the high voltage side of the step-up transformer installed at Project Site. "Delivery Point" or “Interconnection Point” shall be the point at which the power is injected in to the substation bus of the …ESCOM/Corporation. “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period after deducting therefrom, the energy supplied by the ...ESCOM to the Project, as similarly measured during such Billing Period and shall be computed in accordance with Clause 6.1 “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period. “Due Date of Payment” in respect of a Monthly Invoice means the date, which is 15 (fifteen) days from the date of receipt of such invoices by the designated official of the …..ESCOM “Due Date of Payment” in respect of a Monthly Invoice means the date, which is Thirty days from the date of receipt of such invoices by the designated official of the …..ESCOM “…ESCOM” means the …… Electricity Supply Company or its successor entity. “…ESCOM” means the …… Electricity Supply Company or its successor entity. “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full or such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full and such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement case shall not be beyond 6 [six] months from the date of signing of this Agreement "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. “Emergency" means a condition or situation affecting either Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “Emergency" means a condition or situation affecting either the Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “ESCOMs’ electrical System” means, which includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. “ESCOMs’ electrical System” means, and includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. “Exportable Capacity” means the surplus available Electricity generated by the Project, after providing for captive Electricity consumed by the Company, which shall be up-to MW “Exportable Capacity” means the surplus available Electricity generated by the Project, after providing for captive Electricity consumed by the Company, which shall be up-to MW "Financing Documents" mean the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of the Project (which may include asset leasing arrangements) "Financing Documents" means the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of and maintenance of the Project (which may include asset leasing arrangements) the Project (which may include asset leasing arrangements) "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. "Force Majeure Event" shall have the meaning set forth in Article 8 "Force Majeure Event" shall have the meaning set forth in Article 8 "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. Bagasse used as the primary fuel in the Project, or any other alternate fuel. "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. Bagasse used as the primary fuel in the Project, or any other alternate fuel. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "Government Instrumentality" means the GoI, and the GoK and their ministries, inspectorate, departments, agencies, bodies, corporations, authorities and legislative bodies Deleted “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company or by any other person acting on its behalf to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “KV” means Kilovolt. “KV” means Kilovolt. “KW” means Kilowatt “KW” means Kilowatt “Kwh” means Kilowatt-hour. “Kwh” means Kilowatt-hour. "Law" means any valid legislation, statute, rule, regulation, notification, directive or order issued or promulgated by any Governmental Instrumentality. Deleted “Letter of Credit” shall mean the letter of credit established pursuant to Article 6. “Letter of Credit” shall mean the letter of credit established pursuant to to Article 6. Article 6. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. “Metering Point” for purposes of recording of Delivered Energy at the “Metering” for purposes of recording of Delivered Energy at the Delivery Delivery Point and shall include two separate sets of electronic tri- tri-vector meters, main meter installed by the Company and check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid “Metering” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri-vector meters, main meter installed by the Company and the check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid. “Monthly Charge” shall have the meaning set forth in Article 5 Deleted “Tariff Invoices” shall have the meaning set forth in Article 6. Deleted “MW” means Megawatts. “MW” means Megawatts. “O & M Default” shall mean any default on the part of the Company for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times during the period of availability of Fuel for generation. “O & M Default” shall mean any default on the part of the Company for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times during the period of availability of Fuel for generation.. “Project” means a Biomass Based/Agricultural Residue Based Cogeneration bagasse based project Power Station proposed to be established by the Company at ..................................... ...................village.................district in Karnataka State comprising of .... Units with an individual capacity of ....... MW and a total installed capacity of ..MW and shall include land, buildings, plant, machinery, ancillary equipment, material, switchgear, transformers, protection equipment and the like necessary to deliver the Exportable Capacity of the Project to …….ESCOM at the Delivery Point. “Project” means a Cogeneration bagasse based project Power Station proposed to be established by the Company at ...................village.................district in Karnataka State comprising of .... Units with an individual capacity of ....... MW and a total installed capacity of MW and shall include land, building
Appears in 1 contract
Sources: Power Purchase Agreement
DEFINITIONS Definitions. 1.1 For all purposes of this Agreement, the following words and expressions shall have the respective meanings set forth below: For all purposes of this Agreement, unless the context otherwise requires the following words and expressions shall have the respective meanings set forth below: "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals "Billing Period" means (subject to Clause 6.1 of the Agreement) means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. "Billing Period" means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project such Unit is available for commercial operation and such date as specified in a written notice given at least ten 10 days in advance by the Company to …ESCOM and in any case, shall not be beyond the "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project such Unit is available for commercial operation and such date as specified in a written notice given at least ten 10 days in advance by the Company to …ESCOM and in any case, shall not be beyond the be beyond the Schedule Date of Completion Scheduled Date of Completion “Commission” means the Karnataka Electricity Regulatory Commission. “Commission” means the Karnataka Electricity Regulatory Commission. “Construction Default” shall mean default on the part of the Company in the completion of the Project before the Scheduled Date of Completion thereof. “Construction Default” shall mean default on the part of the Company in the completion of the Project before the Scheduled Date of Completion thereof. “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation’s Electrical System” means, which includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. “Corporation’s Electrical System” means, and includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. "Delivery Point" shall be the point or points at which Electricity is delivered into the Grid System of the Corporation/ ....Escom and is at the high voltage side of the step-up transformer installed at Project Sitethe Receiving Station. "Delivery Point" or ““ Interconnection Point” shall be the point at which the power is injected in to the substation bus of the …ESCOM/Corporation. “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period after deducting therefrom, the energy supplied by the ...ESCOM to the Project, as similarly measured during such Billing Period and shall be computed in accordance with Clause 6.1 “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period. “Due Date of Payment” in respect of a Monthly Invoice means the date, which is 15 (fifteen) days from the date of receipt of such invoices by the designated official of the …..ESCOM “Due Date of Payment” in respect of a Monthly Invoice means the date, which is Thirty days from the date of receipt of such invoices by the designated official of the …..ESCOM “…ESCOM” means the …… Electricity Supply Company or its successor entity. “…ESCOM” means the …… Electricity Supply Company or its successor entity. “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full or such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full and such conditions precedent which are unfulfilled are waived by the Parties and in any case case shall not be beyond 6 [six] months from the date of signing of this Agreement shall not be beyond 6 [six] months from the date of signing of this Agreement "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. “Emergency" means a condition or situation affecting either Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “Emergency" means a condition or situation affecting either the Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “ESCOMs’ electrical System” means, which includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. “ESCOMs’ electrical System” means, and includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. "Financing Documents" mean the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of the Project (which may include asset leasing arrangements) "Financing Documents" means the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of and maintenance of the Project (which may include asset leasing arrangements) the Project (which may include asset leasing arrangements) "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. "Force Majeure Event" shall have the meaning set forth in Article 8 "Force Majeure Event" shall have the meaning set forth in Article 8 "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. used as the primary fuel in the Project, or any other alternate fuel. "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. used as the primary fuel in the Project, or any other alternate fuel. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "Government Instrumentality" means the GoI, and the GoK and their ministries, inspectorate, departments, agencies, bodies, corporations, authorities and legislative bodies Deleted “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company or by any other person acting on its behalf to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “KV” means Kilovolt. “KV” means Kilovolt. “KW” means Kilowatt “KW” means Kilowatt “Kwh” means Kilowatt-hour. “Kwh” means Kilowatt-hour. "Law" means any valid legislation, statute, rule, regulation, notification, directive or order issued or promulgated by any Governmental Instrumentality. Deleted “Letter of Credit” shall mean the letter of credit established pursuant to Article 6. “Letter of Credit” shall mean the letter of credit established pursuant to to Article 6. Article 6. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. “Metering PointMetering” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri- tri-vector meters, main meter installed by the Company and check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid “Metering” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri-vector meters, main meter installed by the Company and the check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid. “Monthly Charge” shall have the meaning set forth in Article 5 Deleted “Tariff Invoices” shall have the meaning set forth in Article 6. Deleted “MW” means Megawatts. “MW” means Megawatts. “O & M Default” shall mean any default on the part of the Company for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), any of the Project generating units of the projects at all times and with due diligence during the period of availability of Fuel adequate wind velocity for generation. “O & M Default” shall mean any default on the part of the Company for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), any of the Project generating units of the projects at all times and with due diligence during the period of availability of Fuel adequate wind velocity for generation.. . “Project” means a Biomass Based/Agricultural Residue Based Power Station wind mill power station proposed to be established by the Company at ..................................... ……………….Village, ……………….District, in Karnataka State comprising of ( ) Units with an individual installed capacity of MW …………….. kilowatts and a total installed capacity of MW and shall include land, buildings, plant, machinery, ancillary equipment, material, switch-gear, transformers, protection equipment and the like necessary to deliver the Electricity generated by the Project to the Escom at the Delivery Point. “Project” means a wind mill power station proposed to be established by the Company at ……………….Village, ……………….District, in Karnataka State comprising of (……..) Units with an individual installed capacity of …………….. kilowatts and a total installed capacity of MW and shall include land, buildings, plant, machinery, ancillary equipment, material, switch-gear, transformers, protection equipment and the like necessary to deliver the Electricity generated by the Project to the Escom at the Delivery Point. "Project Site" means any and all parcels of real property, rights-of-way, easements and access roads located at the Project across ……………near …………Village in ………▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ upon which the Proj
Appears in 1 contract
Sources: Power Purchase Agreement
DEFINITIONS Definitions. 1.1 For all purposes of this Agreement, the following words and expressions shall have the respective meanings set forth below: For all purposes of this Agreement, unless the context otherwise requires the following words and expressions shall have the respective meanings set forth below: "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time "Agreement" shall mean this Power Purchase Agreement executed hereof, including the schedules hereto, amendments, modifications and supplements made in writing by the parties from time to time “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals “Approvals” means the permits, clearances, licenses and consents to be obtained by the Company, as are listed in Schedule 4 hereto and any other statutory approvals "Billing Period" means (subject to Clause 6.1 of the Agreement) means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. "Billing Period" means the calendar month ending with the Metering Date. The first Billing Period shall commence with the Commercial Operation Date and end with the Metering Date corresponding to the month in which the Commercial Operation Date occurs. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Billing Date” shall be the first Business Day after the Metering Date of each Billing Period. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. “Business Day” means any Day on which commercial banks are not authorized or not required by Law to remain closed in the State of Karnataka. "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project such Unit is available for commercial operation and such date as specified in a written notice given at least ten 10 days in advance by the Company to …ESCOM and in any case, shall not "Commercial Operation Date" with respect to each Unit of the Project shall mean the date on which the Project such Unit is available for commercial operation and such date as specified in a written notice given at least ten 10 days in advance by the Company to …ESCOM and in any case, shall not be beyond the be beyond the Schedule Date of Completion Scheduled Date of Completion “Commission” means the Karnataka Electricity Regulatory Commission. “Commission” means the Karnataka Electricity Regulatory Commission. “Construction Default” shall mean any default on the part of the Company in the completion of one or more Units of the Project before the Scheduled Date of Completion thereofthereof or in the construction thereof with equipment substantially inadequate to utilize the full water potential of the Project. “Construction Default” shall mean any default on the part of the Company in the completion of one or more Units of the Project before the Scheduled Date of Completion thereofthereof or in the construction thereof with equipment substantially inadequate to utilize the full water potential of the Project. “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation” means the Karnataka Power Transmission Corporation Limited (KPTCL) or its successor entity “Corporation’s Electrical System” means, which includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. “Corporation’s Electrical System” means, and includes the Corporation’s power transmission lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the transmission of Electrical energy. "Delivery Point" shall be the point or points at which interconnecting transmission line from the project takes off for delivery of Electricity is delivered into at the Grid System receiving station of the Corporation/ Escom Corporation/…ESCOM and it is at the high voltage side of the step-up transformer installed at Project Sitethe project site. "Delivery Point" or “Interconnection Point” shall be the point at which the power is injected in to the substation bus of the …ESCOM/Corporation. “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period after deducting therefrom, the energy supplied by the ...ESCOM to the Project, as similarly measured during such Billing Period and shall be computed in accordance with Clause 6.1 “Delivered Energy" means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point in a Billing Period. “Due Date of Payment” in respect of a Monthly Invoice means the date, which is 15 (fifteen) days from the date of receipt of such invoices by the designated official of the …..ESCOM “Due Date of Payment” in respect of a Monthly Invoice means the date, which is Thirty 30 (Thirty) days from the date of receipt of such invoices by the designated official of the …..ESCOM the designated official of the …..ESCOM “…ESCOM” means the …… Electricity Supply Company or its successor entity. “…ESCOM” means the …… Electricity Supply Company or its successor entity. “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full or such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement “Effective Date” means the date on which all the conditions precedent pursuant to Section 2.1 are either satisfied in full and such conditions precedent which are unfulfilled are waived by the Parties and in any case shall not be beyond 6 [six] months from the date of signing of this Agreement "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity" shall mean the electrical energy in kilowatt-hours. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. "Electricity Laws" shall mean the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued thereunder and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electricity generating companies in India. “Emergency" means a condition or situation affecting either Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “Emergency" means a condition or situation affecting either the Corporation's/..ESCOM’s electrical system or the Grid System, including without limitation, voltage/frequency variations beyond the Technical Limits, which threatens the safe and reliable operation of such system or which is likely to result in disruption of safe, adequate and continuous electric supply by Corporation or the Grid System or could endanger life or property “ESCOMs’ electrical System” means, which includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. “ESCOMs’ electrical System” means, and includes the ESCOM’s power distribution lines, Transformers, Circuit Breakers, CTs, PTs, relays, Towers, Structures and associated equipments involved in the distribution of Electrical energy. "Financing Documents" mean the agreements and documents between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation "Financing Documents" means the agreements and documents between between a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of and maintenance of the Project (which may include asset leasing arrangements) a Company and the Financing Parties relating to the financing of the design, construction, commissioning, operation and maintenance of the Project (which may include asset leasing arrangements) "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement "Financial Closure" means the signing of the Financing Documents for financing of the Project and the fulfillment of all conditions precedent to the initial availability of funds thereunder and the receipt of commitments for such equity as required by the Company in order to satisfy the requirements of the Lenders, provided however that the Company has immediate access to funds (subject to giving the required drawdown notices) regarded as adequate by the Company and in any case shall be achieved within 6 [six] months from the date of signing of this Agreement “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Financing Parties” mean the parties financing the Project, pursuant to the Financing Documents. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. “Fiscal Year" shall mean, with respect to the initial Fiscal Year, the period beginning on the Commercial Operation Date and ending at 12.00 midnight on the following March 31. Each successive Fiscal Year shall begin on April 1 and end on the following March 31, except that the final Fiscal Year shall end on the date of expiry of the term or on termination of this Agreement, whichever is earlier. "Force Majeure Event" shall have the meaning set forth in Article 8 "Force Majeure Event" shall have the meaning set forth in Article 8 "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. used as the primary fuel in the Project, or any other alternate fuel. "Fuel” means Low Density Agricultural Residue such as Sugar cane leaves, Rice husk etc. used as the primary fuel in the Project, or any other alternate fuel. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoI" means the Government of the Republic of India and any agency, legislative body, department, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "GoK" means the Government of the State of Karnataka an entity existing under the laws of the Republic of India or any agency, legislative body, department, political subdivision, authority or instrumentality thereof. "Government Instrumentality" means the GoI, and the GoK and their ministries, inspectorate, departments, agencies, bodies, corporations, authorities and legislative bodies Deleted “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Grid System” means the Corporation’s/…ESCOM’s power transmission/distribution system through which Delivered Energy is evacuated and distributed. “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Installed Capacity” means the capacity of the Project at the generating terminal(s) and shall be equal to MW “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “Interconnection Facilities” in respect of the Company shall mean all the facilities installed by the Company or by any other person acting on its behalf to enable ….ESCOM to receive the Delivered Energy from the Project at the Delivery Point, including transformers, and associated equipments, relay and switching equipment, protective devices and safety equipments and transmission lines from the Project to Corporations/….ESCOM’s nearest sub-station. “KV” means Kilovolt. “KV” means Kilovolt. “KW” means Kilowatt “KW” means Kilowatt “Kwh” means Kilowatt-hour. “Kwh” means Kilowatt-hour. "Law" means any valid legislation, statute, rule, regulation, notification, directive or order issued or promulgated by any Governmental Instrumentality. Deleted “Letter of Credit” shall mean the letter of credit established pursuant to Article 6. “Letter of Credit” shall mean the letter of credit established pursuant to to Article 6. Article 6. "Metering Date" for a Billing Period, means midnight of the last Day of "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. "Metering Date" for a Billing Period, means midnight of the last Day of the calendar month. “Metering PointMetering” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri- vector meters, main meter installed by the Company and check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid “Metering” for purposes of recording of Delivered Energy at the Delivery Point and shall include two separate sets of electronic tri-vector meters, main meter installed by the Company and the check meter installed by the …ESCOM and both sealed by the …ESCOM, having, facilities to record both export and import of electricity to/from the grid. “Monthly Charge” shall have the meaning set forth in Article 5 Deleted “Tariff Invoices” shall have the meaning set forth in Article 6. Deleted “MW” means Megawatts. “MW” means Megawatts. “O & M Default” shall mean any default on the part of the Company for a continuous period to operate and maintain any of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Units of the Project at all times and with due diligence during the period of availability of Fuel water for generation, for a continuous period of 90 days. “O & M Default” shall mean any default on the part of the Company for a continuous period to operate and maintain any of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Units of the Project at all times and with due diligence during the period of availability of Fuel water for generation.. , for a continuous period of 90 days. “Project” means a Biomass Based/Agricultural Residue Based Power Station hydro-electric power station proposed to be established by the Company at ..................................... across …………. Near… Village in ………….. Taluk, ………… District, Karnataka State comprising of …. Units with an individual capacity of MW kilowatts and a total installed Installed Capacity of ……….. Megawatts and shall include land, buildings, plant machinery, ancillary equipments, material, headrace, tailrace, bye-pass channels, switchgear, transformers, protection equipment and the like necessary to deliver the Electricity generated by the Project to …Escom at the Delivery Point. “Project” means a hydro-electric power station proposed to be established by the Company across …………. Near………… Village in ………….. Taluk, ………… District, Karnataka State comprising of …. Units with individual capacity of ..kilowatts and a total Installed Capacity of Megawatts and shall include land, buildings, plant machinery, ancillary equipments, material, headrace, tailrace, bye- pass channels, switchgear, transformers, protection equipment and the like necessary to deliver the Electricity generated by the Project to …ESCOM at the Delivery Point. "Project
Appears in 1 contract
Sources: Power Purchase Agreement