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

Generation Compensation in offtake constraints due to Grid Unavailability. During the operation of the plant, there can be some periods where the Project can generate power but due to temporary transmission unavailability, the power is not evacuated, for reasons not attributable to the Solar Power Developer. In such cases, subject to the submission of documentary evidences from the competent authority, the generation compensation shall be restricted and payable by the Buying Utility(ies) as under and there shall be no other claim, directly or indirectly against SECI: Grid unavailability beyond 175 hours in a Contract Year (as defined in Article 1) Generation Compensation= ((Tariff X Solar Power (MW) offered but not scheduled by the Buying Entity)) X 1000 X No. of hours of grid unavailability. However, in the case of third-party sale or sale in the power exchange, as price taker, the 95% of the amount realized, after deducting expenses, shall be adjusted against the Generation compensation payable, on monthly basis. Compensation (if any) calculated as per above provision, will be paid to the SPD on an annual basis.

Generation Compensation in offtake constraints due to Grid Unavailability. During the operation of the plant, there can be some periods where the Project can generate power but due to temporary transmission unavailability, the power is not evacuated, for reasons not attributable to the Solar Power Developer. In such cases, subject to the submission of documentary evidences from the competent authority, the generation compensation from Buying Entity shall be restricted and payable by to the Buying Utility(ies) as under following and there shall be no other claim, directly or indirectly against SECI: Grid unavailability beyond 175 hours in a Contract Year (Year, as defined in Article 1) SECI-SPD PPA Generation Compensation= ((Tariff X Solar Power (MW) offered but not scheduled by the Buying Entity)) X 1000 X No. of hours of grid unavailability. However, in the case of third-party sale or sale in the power exchange, as price taker, the 95% of the amount realized, after deducting expenses, shall be adjusted against the Generation compensation payable, on monthly basis. Compensation (if any) calculated as per above provision, will be paid by Buying Entity to the SPD on an annual basis.