Power Purchase Agreements. 566 PSNH shall retain PPAs and sell the energy and capacity from those agreements into 567 the market, with the difference between the contract costs and the market revenues associated 568 with the PPAs’ energy and capacity to be recovered through the SCRC. RECs from such 569 PPAs will be managed prudently to benefit customers.
Power Purchase Agreements. On or before the tenth day of each month, a report (i) setting forth each Forced Outage and Scheduled Outage to occur under (and as defined in) the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement during the preceding month with an explanation of the cause of each such outage (including whether such cause constitutes a Force Majeure under (and as defined in) the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement, respectively, (ii) keeping Agent currently informed with regard to any tests conducted under the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement, the likelihood of making any payments (refunds of capacity payments or otherwise) to Virginia Power in the ensuing 12 month period, and the likelihood of attaining Dependable Capacity under and (as defined in) the Rova I Power Purchase Agreement and the Rova II Power Purchase Agreement (iii) stating whether a Rova I Disallowance or a Rova II Disallowance has occurred and, if so, all details pertaining thereto and, if not, describing any action (of which Borrower or any of its Affiliates has knowledge) by a government or regulatory authority to investigate whether there should be a Rova I Disallowance or a Rova II Disallowance and the status of any such action (iv) stating whether the Rova I Power Purchase Agreement rates, if subject to FERC jurisdiction, are under investigation or have been modified by FERC, (v) describing Virginia Power’s dispatch of the Rova I Facility and the Rova II Facility during the preceding month, and the schedule of operations provided by Virginia Power pursuant to Section 7.6 of the Rova I Power Purchase Agreement and pursuant to Section 7.5 of the Rova II Power Purchase Agreement for such month and (vi) stating the amount of steam delivered to the Steam Host from the Rova I Facility and the amount of steam delivered to the Steam Host from the Rova II Facility, in each case during the preceding month;
Power Purchase Agreements. To the knowledge of the Company, neither the Company nor any of its Subsidiaries is in default under any power purchase agreement to which it is a party, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Power Purchase Agreements. Elbow Creek Wind Project, LLC and Goat Wind, LP shall have entered into power purchase or hedge agreements for all of the electric energy generated by the Project owned by such Project Company on terms reasonably acceptable to Seller and Purchaser.
Power Purchase Agreements. State Support Agreement;
Power Purchase Agreements. Company to obtain and deliver to RV Estates a feasibility study for each power purchase agreement executed by the Company prior to Closing.
Power Purchase Agreements. If, at the Closing, ODEC has not agreed to assume all of Seller’s rights and obligations under the Power Purchases Agreements from and after the Effective Time, Buyer will assume such rights and obligations (which Buyer may share with XXXX as the buyer under the Sister Purchase Agreement) and subject to any administrative revisions to such agreements to reflect Buyer’s status as a cooperative. Such an agreement, if required, will be referred to herein as the “PPA Assignment and Assumption Agreement.”
Power Purchase Agreements. The parent company has entered into a contract to purchase electricity from solar roof mounted roof with outsiders. The contract is for a period of 15 years under the terms of the contract. The company must comply with the obligations and various conditions as specified in the agreement. The Company’s subsidiaries, associates and joint ventures entered into the Power Purchase Agreement with the Provincial Electricity Authority ("PEA") and the Metropolitan Electricity Authority ("MEA") for 25 years. The sales quantity and its price have to be stipulated in the agreement. Such subsidiaries, associates and joint ventures shall abide by the terms and conditions as specified in the agreements. The subsidiaries (Demco De lao Co., Ltd.) entered into the agreement to produce the water supply to sell to Municipal of Luang Prabang (The Lao PDR) with 30 year agreement period. The service area agreement had extended the concession agreement from 30 years to 40 years. Under the conditions of the agreement, the subsidiary shall abide by the terms and conditions as specified in the agreements.
Power Purchase Agreements. The Borrower shall only enter into any PPA’s in accordance with all of the following provisions:
(a) With respect to an aggregate capacity of 75MW, the Borrower may enter into PPA at its discretion provided that; (i) no individual PPA or series of PPA with one Electricity Buyer will exceed 20MW; (ii) each PPA will include the Borrower’s right to assign (including by way of a pledge) all its rights and obligation under the PPA to the Senior Lenders; and (iii) none of the parameters of sub-Clause (b) below are exceeded. The Borrower shall provide the Agent with copies of PPA’s entered into in accordance with this sub-Clause.
(b) Notwithstanding (a) above, the Borrower shall submit for the Agent’s approval, any PPA with an Electricity Buyer where:
(i) The PPA is for 40MW or more; Final-January 2nd, 2011
(ii) The discount granted to the Electricity Buyer with respect to the Generation Component exceeds 10%;
(iii) The term of the PPA is for a period shorter than 10 years from the commencement of supply of electricity to the Electricity Buyer (the “Commencing Date”), excluding an early termination option of the Electricity Buyer (subject to a first refusal right of the Borrower), such termination may not become effective for a period of at least five (5) years from the Commencing Date (unless such early termination option of the Electricity Buyer has been provided with respect to PPAs executed prior to the Construction Completion with Electricity Buyers which are contemplating to build their own IPPs, for which the termination may not become effective for a period of at least three (3) years from the Commencing Date); and/or
(iv) The PPA is with an Affiliate of the Borrower.
(c) For any PPA which exceeds the capacity referred to under (a) above:
(i) The PPA will include the Borrower’s right of early termination in case the Average Generation Component decreases below 24.36 Agurot per KWh linked to the consumer price index.
(ii) The PPA will not require the Borrower to sell the electricity at a discount in case of a shortage of natural gas.
(iii) During the term of the PPA, the Electricity Buyer shall not purchase electricity at a single site that is being consumed through the meters in this site from any other source except for the Borrower.
(iv) The PPA will include the Borrower’s right to assign all its rights and obligation under the PPA to the Senior Lenders.
(d) In addition, the Borrower:
(i) Shall only exercise its discretions in respect of any PPA, if req...
Power Purchase Agreements. A PPA is a contract between a buyer of power (usually Eskom, a municipality or a licensed power trader) and a commercial electricity generator. The contract partners agree on the delivery of power for a set period of time at a set price. The term PPA does not apply to Small Scale Embedded Generators (SSEG), which are residential and commercial customers who have installed renewable energy systems of up to 1MW – usually solar PV systems – for own consumption and feed excess power into the municipal grid. Small Scale Embedded Generation is explained in the chapter on Solar PV in this manual. PPAs usually have a contract period of ten to twenty years to give the generators the necessary certainty for the investment. A PPA allows the generator to raise finance to build the power generation infrastructure. In a PPA the power purchaser is an electricity distributor (municipalities or Eskom) who sells the electricity on to its customers. It can also be a private power trader or a business large enough to provide the generator and his financier with confidence to honour a long-term contract. In this instance the distributor (Municipality or Eskom) acts as a xxxxxxx of this power (see below). For municipalities it is most desirable to enter into PPAs with local power producers that feed directly into the municipal grid because this does not require wheeling and benefits the local economy. Some PPAs are already in place between municipality and local power producers. The eThekwini Municipality has entered into PPAs with sugar and chemical industries that generate electricity from industrial waste (see case study). Some municipalities are being approached by IPPs who wish to build large-scale power generation capacity for them in other parts of the country. These are often projects at advanced state of planning that were submitted to the REIPPP programme but were not successful. Such projects will be connected to the Eskom transmission network and require a Wheeling Agreement for the electricity to reach the municipal grid. As noted, renewable energy purchases offer important opportunities for cities and towns, including local economic development, fiscal savings, greater security of supply through diversification and environmental benefits. However there are barriers and risks that need to be addressed: y Lack of clear policy around the degree of free market in the sector: The electricity sector is highly regulated and still dominated by Eskom. The current legal fra...
