Penalty for Shortfall Sample Clauses

Penalty for Shortfall. 5.2.1 If for any Contract Year, it is found that the Developer has not been able to generate minimum electricity of 1.498 MU/MW/year at the CUF of 19 % - (10%) on account of any reasons not attributable to GRIDCO or Force Xxxxxx events, the non-compliance by Developer shall make him/her liable to pay penalty to GRIDCO. Besides, computation of shortfall will also account for the degeneration factor i.e. Up to 10th year there has to be 100% output i.e. 1.498 MU/MW/Year; and after ten years till end of 25th year there may be degradation of 10% (i.e. 1. 348 MU/MW/Year). Such penalty shall only apply to quantum of shortfall in generation during the Contract Year. However, for the purpose of calculation of shortfall for the 1st year, the Expected Commercial date of operation will be taken as the 1st day of the year irrespective of actual date of commissioning if the project is commissioned after the due date. 5.2.2 The shortfall in supply of electricity will be calculated as the difference between the guaranteed output i.e. 1.498 MU/MW/Year and the actual output (up to 10th year). Beyond 10th year, the guaranteed output of 1.348 MU/MW/Year will be 10 % less. For the first year the actual will be calculated from the date of expected COD. The amount of compensation shall be equal to the compensation payable by GRIDCO towards non- meeting of RPOs, if such compensation is ordered by the Commission and proportional to the amount of shortfall in solar energy during the contract year.
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Related to Penalty for Shortfall

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