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: 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.
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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: Hours of Load Unavailability during a montly Xxxx cycle Minimum Generation Compensation = 50% of (Estimated generation based on radiation of the month measured – Actual generation) x PPA Tariff Any outage hours of plant will not considered for this calculation. SPD shall raise xxxx 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.

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

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