Common use of APPLICABLE TARIFF AND SHARING OF CDM BENEFITS Clause in Contracts

APPLICABLE TARIFF AND SHARING OF CDM BENEFITS. 12.1 The Developer shall be entitled to receive the Tariff of Rs……. / kWh [insert the KERC notified /approved Tariff for Solar Thermal/PV Power Project as applicable in KERC order No. S/03/1 dated 13-07-2010 i.e. Rs.14.50 for Solar PV/Rs.11.35 for Solar Thermal, less discount offered by the Selected Bidder in its Bid] of enery supplied by it to ESCOM in accordance with the terms of this Agreement during the period between COD and the Expiry Date. 12.2 Provided further that if as a consequence of delay in Commissioning of the Project beyond the Scheduled Commissioning Date, subject to Article 4, there is a change in KERC Applicable Tariff, the changed Applicable Tariff for the project shall be the lower of the following: i. Tariff at in Clause 12.1 above ii. KERC Applicable Tariff as on the Commercial Operation Date less discount offered and considered in Clause 12.1 above.

APPLICABLE TARIFF AND SHARING OF CDM BENEFITS. 12.1 The Developer shall be entitled to receive the Tariff of Rs……Rs ……. / kWh [insert the KERC notified /approved Tariff for Solar Thermal/PV Power Project as applicable in KERC order No. S/03/1 dated 13-07-2010 October 10, 2013 i.e. Rs.14.50 Rs.8.40 for Solar PV/Rs.11.35 Rs.10.92 for Solar Thermal, less discount offered by the Selected Bidder in its Bid] of enery supplied by it to ESCOM in accordance with the terms of this Agreement during the period between COD and the Expiry Date. 12.2 Provided further that if as a consequence of delay in Commissioning of the Project beyond the Scheduled Commissioning Date, subject to Article 4, there is a change in KERC Applicable Tariff, the changed Applicable Tariff for the project shall be the lower of the following: i. Tariff at in Clause 12.1 above above ii. KERC Applicable Tariff as on the Commercial Operation Date less discount offered and considered in Clause 12.1 aboveDate.