Generation Compensation in offtake constraints due to Grid/ Load Unavailability Sample Clauses

Generation Compensation in offtake constraints due to Grid/ Load Unavailability. During the operation of the Project, there can be some periods where the Project can generate power but due to temporary transmission/ distribution unavailability/ low load availability, the power is not evacuated, for reasons not attributable to the SPD. In such cases the generation compensation shall be addressed in following manner: Duration of Grid unavailability Provision for Generation Compensation Grid unavailability in a Contract Year: Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. SPD shall raise bill to concern Buying Entity for such generation loss and shall be paid by the Buying Entity at the PPA tariff so as to offset this loss. In case if there is no generation in a Contract Year, generation in the previous Contract Year shall be considered for the purpose of calculation.
AutoNDA by SimpleDocs

Related to Generation Compensation in offtake constraints due to Grid/ Load Unavailability

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • Availability of Services CBT agrees not to discontinue or refuse to provide any service provided or required hereunder other than in accordance with the terms of this Agreement, or unless required by the Commission.

Time is Money Join Law Insider Premium to draft better contracts faster.