Common use of Generation Compensation in offtake constraints due to Grid Unavailability Clause in Contracts

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: old.ugvcl.com, www.ugvcl.com, www.ugvcl.com

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