Annual Land Lease Charges Sample Clauses

Annual Land Lease Charges. Annual Land Lease Charges as specified in Land Sub Lease Agreement shall be payable by SPD to the SPPD in accordance with terms and conditions laid out in Land Sub Lease Agreement.
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Annual Land Lease Charges. Annual Land Lease Charges as specified in Land Sub Lease Agreement shall be payable by SPD to the SPPD in accordance with terms and conditions laid out in Land Sub Lease Agreement. Charges Payable to APGCL by Solar Power Developers selected by APGCL (70MWAC) Sl. No Description Charges 1 Annual Land Lease Rent per MWAC (with 5% escalation in every year) First Year Lease Rent Charge The Lease Rent Payable would be INR 81, 60,000 /- for the plot of 1020 Bighas for first year and shall be submitted before signing of SLA. {(Calculated as Value per Bigha of Land of Rs.1, 00,000/-) X (Area of Sub Leased Land: 1020 Bighas ) X (8.0 %)} For the 2nd Year The lease rent payable shall be calculated as follows: {(Value per Bigha of Land of Rs. 1, 00,000/-) X (1.05) X (Area of Leased Land) X (8.0 %)} 3 Local Area Development Fund 1% of the total investment made for setting up solar power project in the solar park. Assumption: Rs.3 Lakh/MWAC in 5 equal installments @ Rs.0.60 Lakh/MWAC/year after COD for 5 years. Note: The above charges are exclusive of GST and other taxes. GST and any other applicable taxes, duties, cess, and other Government levies payable by SPPD are to be reimbursed by SPD as per the prevailing norms from time to time ANNUAL LAND LEASE RENT AND O&M CHARGES PAYABLE BY SPDS FOR 70MWAC SOLAR POWER PLANT TO APGCL Year Land Lease (Rs.) Local Area Development Fund (Rs.) Total (Rs.) FY - 1 8160000.00 0.00 8160000.00 FY - 2 8568000.00 4200000.00 12768000.00 FY - 3 8996400.00 4200000.00 13196400.00 FY - 4 9446220.00 4200000.00 13646220.00 FY - 5 9918531.00 4200000.00 14118531.00 FY - 6 10414457.55 4200000.00 14614457.55 FY - 7 10935180.43 0.00 10935180.43 FY - 8 11481939.45 0.00 11481939.45 FY - 9 12056036.42 0.00 12056036.42 FY - 10 12658838.24 0.00 12658838.24 FY - 11 13291780.15 0.00 13291780.15 FY - 12 13956369.16 0.00 13956369.16 FY - 13 14654187.62 0.00 14654187.62 FY - 14 15386897.00 0.00 15386897.00 FY - 15 16156241.85 0.00 16156241.85 FY - 16 16964053.94 0.00 16964053.94 FY - 17 17812256.64 0.00 17812256.64 FY - 18 18702869.47 0.00 18702869.47 FY - 19 19638012.95 0.00 19638012.95 FY - 20 20619913.59 0.00 20619913.59 FY - 21 21650909.27 0.00 21650909.27 FY - 22 22733454.74 0.00 22733454.74 FY - 23 23870127.47 0.00 23870127.47 FY - 24 25063633.85 0.00 25063633.85 FY - 25 26316815.54 0.00 26316815.54
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Related to Annual Land Lease Charges

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