Compensation due to backing down Sample Clauses

Compensation due to backing down. ⮚ Combination A: The HPD and GUVNL shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. The Government of India, as per Clause 5.2(u) of the Indian Electricity Grid Code (IEGC), encourages a status of “must-run” to wind power projects. Accordingly, no wind power plant, duly commissioned, should be directed to back down by a DISCOM / Load Dispatch Centre (LDC). In case such eventuality of Backdown arises, except for the cases where the Backdown is on account of events like consideration of grid security or safety of any equipment or personnel or other such conditions, the HPD shall be eligible for a Generation Compensation, from GUVNL, in the manner detailed below. Duration of Back down Provision for Generation Compensation Hours of Back down during a monthly billing cycle. Generation Compensation = 50% x [(Average Generation during the month corresponding to the capacity backed down ) X PPA Tariff Where, Average Generation during the month corresponding to the capacity backed down (kWh) = (CUF during the month) x ∑ (Backed down capacity in MW x corresponding time of backdown in hours x 1000) The Generation Compensation as calculated above will be limited to the extent of shortfall in annual generation corresponding to the maximum permitted CUF and the same will be settled on annual basis. ⮚ Combination B: The HPD and GUVNL shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. The Government of India, as per Clause 5.2(u) of the Indian Electricity Grid Code (IEGC), provides for the status of “must-run” to solar power projects. Accordingly, no Solar Power Plant, duly commissioned, should be directed to back down by a DISCOM / Load Dispatch Centre (LDC). In case such eventuality of Back down arises, including non-dispatch of power due to non-compliance with “Order No. 23/22/2019-R&R dated 28.06.2019 of Ministry of Power regarding opening and maintaining of adequate Letter of Credit as payment security mechanism under Power Purchase Agreements by Distribution Licensees” and any clarifications or amendments thereto, except for the cases where the Back down is on account of events like consideration of grid security or safety of any equipment or personnel or other such conditions, the SPG shall be eligible for a Minimum Generation Compensation, from GUVNL, in the manner detailed below. Duration of Back down Provision for Generati...
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Related to Compensation due to backing down

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