Generation Compensation in offtake constraints due to Grid Unavailability. Duringthe operation of the plant, shall endeavor to ensure 95% of grid availability inacontractyear,however,therecanbesomeperiodswheretheProjectcangener ate power but due to temporary transmission unavailability, the power is notevacuated, for reasons not attributable to the SPG. In such cases, subject to thesubmissionofdocumentaryevidencesfromthecompetentauthority,thegene ration compensation shall be restricted to the following and there shall be noother claim,directly orindirectly against : DurationofGridunavailability ProvisionforGenerationCompensation Grid unavailability in excess GenerationLoss=[(AverageGenerationperhour of5% in a contract year as definedin the PPA(only period during the Contract Year) × (number of hours
Appears in 28 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
