Common use of Shortfall in Generation Clause in Contracts

Shortfall in Generation. In case the project generates and supplies energy less than the energy corresponding to the minimum CUF (Calculation of CUF will be on yearly basis), the Power Producer will be liable to compensate at 25% of the tariff as per clause 5.2 of this PPA. This will, however, be relaxable by TPL- D to the extent of grid non-availability for evacuation (beyond the Delivery Point) certified by SLDC which is beyond the control of the Power Producer. This compensation shall be applied to the amount of shortfall in generation during the Contract Year. However, this compensation shall not be applicable in events of Force Majeure identified under this PPA with TPL-D, affecting supply of solar power by the Power Producer

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement (Ppa)