Capacity Utilization Factor or CUF shall have the same meaning as provided in Central Electricity Regulatory Commission (Terms and Conditions for Tariff determination from Renewable Energy Sources) Regulations, 2009 (as may be amended or replaced from time to time). However, for avoidance of any doubt, it is clarified that the CUF shall be calculated on the Contracted Capacity. In any Contract Year, if ‘X’ MWh of energy has been metered out at the Delivery Point for ‘Y’ MW of the Contracted Capacity, CUF= (X MWh/(Y MW*8766) ) X100% CEIG means Chief Electrical Inspector of Government. CERC means Central Electricity Regulatory Commission. CFA shall have the meaning ascribed thereto in Article 6.8.1 of this PPA. Change in Law shall have the meaning ascribed thereto in Article 11 of this PPA.
Capacity Utilization Factor. Buyer shall purchase the Contracted Capacity and pay for the Contracted Capacity from sixty-five (65%) to one hundred percent (100%) Capacity Utilization Factor (CUF), computed per Billing Period, in accordance with Schedule 3.
Capacity Utilization Factor. ⮚ Combination A: The HPD shall declare the annual CUF in Schedule 3 at the time of signing of PPA and will be allowed to revise the same once within first three years of COD of the full project capacity. Calculation of CUF will be on yearly basis from 1st April of the year to 31st March of the next year. The declared annual CUF shall in no case be less than 22%. The HPD shall maintain generation so as to achieve annual CUF within + 20% and -20% of the annual contracted CUF (As declared in Schedule 3) till the end of the PPA duration of 25 years. The lower limit will, however, be relaxable by GUVNL to the extent of non-availability of grid for evacuation which is beyond the control of the HPD. For the first year of operation of the project, the annual CUF shall be calculated for the complete year after CoD of the project. Subsequently, the annual CUF will be calculated every year from 1st April of the year to 31st March next year. ⮚ Combination B: The HPD shall declare the annual CUF in Schedule 3 at the time of signing of PPA and will be allowed to revise the same once within first three years of COD of the full project capacity. The declared annual CUF shall in no case be less than 17%. The HPD shall maintain generation so as to achieve annual CUF within + 10% and -15% of the contracted CUF (As declared in Schedule 3) till the end of 10 years from COD, subject to the annual CUF remaining minimum of 15%, and within +10% and -20% of the contracted annual CUF thereafter till the end of the PPA duration of 25 years. The lower limit will, however, be relaxable by GUVNL to the extent of non-availability of grid for evacuation which is beyond the control of the Power Producer. The annual CUF will be calculated every year from 1st April of the year to 31st March next year. ⮚ Combination C: The HPD shall declare the annual CUF in Schedule 3 at the time of signing of PPA (which will be as per bid submission)s and will be allowed to revise the same once within first three years of COD of the full project capacity. The declared annual CUF shall in no case be less than 30%. Calculation of CUF will be on yearly basis from 1st April of the year to 31st March of the next year. The HPD shall maintain generation so as to achieve annual CUF not less than 90% of the declared value (i.e Minimum CUF) and not more than 120% of the declared CUF value (i.e. Maximum CUF), during the PPA duration of 25 years. The lower limit will, however, be relaxable by GUVNL to the extent of non...
