Common use of Payment in case of reduced off take Clause in Contracts

Payment in case of reduced off take. The HPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the plant is available to supply power but the off take of power is not done by the Buying Entity(ies), including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘must run’ status for RE Power, the Generator shall be eligible for payment from the Buying Entity, corresponding to the reduced off take, in terms of following manner: Duration of reduced off take Provision for Generation Compensation Reduced off-take beyond 50 hours in a Contract Year as defined in Article 1 Generation Compensation= (Tariff X RE Power (MW) offered but not scheduled by the Buying Entity) X 1000 X No. of hours of Reduced Off take. 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.

Payment in case of reduced off take. The HPD WPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the plant is available to supply power but the off take of power is not done by the Buying Entity(ies), including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘„must run’ run‟ status for RE Power, the Generator WPD shall be eligible for payment from the Buying Entity, corresponding to the reduced off take, in terms of following manner: Duration of reduced off take Provision for Generation Compensation Reduced off-take beyond 50 hours in a Contract Year as defined in Article 1 the PPA Generation Compensation= (Applicable Tariff X RE Power (MW) offered but not scheduled by the Buying Entity) X 1000 X Nono. of hours of Reduced Off take. 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.

Payment in case of reduced off take. The HPD WPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the plant is available to supply power but the off take of power is not done by the Buying Entity(ies), including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘„must run’ run‟ status for RE Power, the Generator shall be eligible for payment from the Buying EntityProcurer, corresponding to the reduced off take, in terms of following manner: Duration of reduced off take Provision for Generation Compensation Reduced off-take beyond 50 hours in a Contract Year as defined in Article 1 the PPA Generation Compensation= (Applicable Tariff X RE Power (MW) offered but not scheduled by the Buying Entity) X 1000 X Nono. of hours of Reduced Off take. 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.

Payment in case of reduced off take. The HPD WPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In case the plant is available to supply power but the off take of power is not done by the Buying Entity(ies), including non-dispatch of power due to non-compliance with “Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by the Ministry of Power vide Gazette notification dated 3rd June 2022” and any clarifications or amendment thereto, considering the principle of ‘„must run’ run‟ status for RE Power, the Generator WPD shall be eligible for payment from the Buying Entity, corresponding to the reduced off take, in terms of following manner: Duration of reduced off take Provision for Generation Compensation Reduced off-take beyond 50 hours in a Contract Year as defined in Article 1 Generation Compensation= (Applicable Tariff X RE Power (MW) offered but not scheduled by the Buying Entity) X 1000 X Nono. of hours of Reduced Off take. 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.