APPLICABLE TARIFF AND SHARING OF CDM BENEFITS. 12.1 The Developer shall be entitled to receive the Tariff of INR……. / kWh 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 as a consequence of delay in Commissioning of the Project beyond the Scheduled Commissioning Date, subject to Article 4, if 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 or ii. KERC applicable Tariff as on the Commercial Operation Date.
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
APPLICABLE TARIFF AND SHARING OF CDM BENEFITS. 12.1 The Developer shall be entitled to receive the Tariff of INRRs……. / kWh 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 as a consequence of delay in Commissioning of the Project beyond the Scheduled Commissioning Date, subject to Article 4, if there is a change in KERC applicable Applicable Tariff, the changed applicable Applicable Tariff for the Project project shall be the lower of the following:
i. Tariff at in Clause 12.1 above or ii. KERC applicable Applicable Tariff as on the Commercial Operation Date.
Appears in 1 contract
Samples: Power Purchase Agreement