For Solar PV Power Project Sample Clauses

For Solar PV Power Project. (a) Delay beyond the Scheduled Commissioning Date upto (& including) the maximum time allowed for Commissioning (as applicable): In case commissioning of the Solar PV Projects is delayed beyond the SCD (as indicated under Clause no. 15.B.1 of RfS documents including its Amendment thereof), then the PPA Term will be reduced for the corresponding period of delay and the PPA tariff discovered after reverse auction for setting up of Solar Power Plant shall be reduced at the rate of INR 0.0005/ kWh per day of delay until 12 (Twelve) months from COD for such delayed capacities only. The revised reduced tariff shall be applicable for the capacity delayed beyond COD. This tariff reduction is in addition to the tariff reduction exercised on account of delays in the commissioning of manufacturing capacity. Both reductions in the tariff (Manufacturing Capacity and Solar Plant) are mutually exclusive of each other and will be applicable independently. (b) In case, the COD of the Project is delayed beyond 12 months from the scheduled COD, the PPA will be terminated for the uncommissioned capacity & the PBG submitted for the Solar Power plant will be forfeited (INR 400 Crore) on pro rata basis. The Solar Power Projects, under this tender, commissioned upto 31st March
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