Common use of Annual O&M Charges Clause in Contracts

Annual O&M Charges. Annual O&M charges of Rs. 1,32,50,000/- (Rupees One Crore Thirty Two Lakhs and Fifty Thousand Only) for 50 MWAC calculated at the rate of Rs. 2.65 Lakhs per MWAC per annum (exclusive of GST) in the first year which is escalated annually at the rate of 5% shall be payable by SPD on or before 30th April (Due Date) at the beginning of each financial year during the agreement period. First year annual O&M charges shall be payable by SPD on pro-rata basis within 30 days from the date of commissioning. GST and all other taxes, duties, cess and other Government levies applicable on such transaction shall also be payable to SPPD by the SPD within 7 days from the date of issue of bill by SPPD.

Annual O&M Charges. Annual O&M charges of Rs. 1,32,50,000/- (Rupees One Crore Thirty Two Lakhs and Fifty Thousand Only) for 50 MWAC 50MW calculated at the rate of Rs. 2.65 Lakhs per MWAC MW per annum (exclusive of GST) in the first year which is escalated annually at the rate of 5% shall be payable by SPD on or before 30th April (Due Date) at the beginning of each financial year during the agreement period. First year annual O&M charges shall be payable by SPD on pro-rata basis within 30 days from the date of commissioning. GST and all other taxes, duties, cess and other Government levies applicable on such transaction shall also be payable to SPPD by the SPD within 7 days from the date of issue of bill by SPPD.

Annual O&M Charges. Annual O&M charges of Rs. 1,32,50,000/- (Rupees One Crore Thirty Two Lakhs and Fifty Thousand Only) for 50 MWAC 50MW calculated at the rate of Rs. 2.65 Lakhs per MWAC MW per annum (exclusive of GST) in the first year which is escalated annually at the rate of 5% shall be payable by SPD on or before 30th April 30thApril (Due Date) at the beginning of each financial year during the agreement period. First year annual O&M charges shall be payable by SPD on pro-rata basis within 30 days from the date of commissioning. GST and all other taxes, duties, cess and other Government levies applicable on such transaction shall also be payable to SPPD by the SPD within 7 days from the date of issue of bill by SPPD.