Common use of Provision for Generation Compensation Clause in Contracts

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 9 contracts

Samples: Power Purchase Agreement, Power Sale Agreement, Power Sale Agreement

AutoNDA by SimpleDocs

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD SPG equal to this generation loss shall be procured by the Buying Utility MSEDCL at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility SECI at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year ContractYear (kWh) ÷ Total ÷Total hours of generation in the Contract Year. The excess generation by the SPD SPG equal to this generation loss shall be procured by the Buying Utility EDG at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract \contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Yearcontract year) × (number of hours of grid unavailability during the Contract Yearcontract year)] Where, Average Generation per hour during the Contract Year contract year (kWh) = Total generation in the Contract Year contract year (kWh) ÷ Total hours of generation in the Contract Year. contract year The excess generation by the SPD Solar Power Developer equal to this generation loss shall be procured by the Buying Utility Procurer at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Yearcontract year) × (number of hours of grid unavailability during the Contract Yearcontract year)] Where, Average Generation per hour during the Contract Year contract year (kWh) = Total generation in the Contract Year contract year (kWh) ÷ Total hours of generation in the Contract Year. contract year The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility Railways/NR at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three3(three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility MAHAGENCO at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

AutoNDA by SimpleDocs

Provision for Generation Compensation. Grid unavailability in a contract year as beyond 50 hours in a Contract Year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD HPD equal to this generation loss shall be procured by the Buying Utility SECI at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): Generation Loss = [(Average Generation per hour during the Contract Yearcontract year) × (number of hours of grid unavailability during the Contract Yearcontract year)] Where, Average Generation per hour during the Contract Year contract year (kWh) = Total generation in the Contract Year contract year (kWh) ÷ Total hours of generation in the Contract Year. contract year The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility NHPC at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Sale Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): h Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility SECI at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): T h T h Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The e excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility SECI at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. Grid unavailability in a contract year as defined in the PPA: (only period from 8 am to 6 pm to be counted): T h T h Generation Loss = [(Average Generation per hour during the Contract Year) × (number of hours of grid unavailability during the Contract Year)] Where, Average Generation per hour during the Contract Year (kWh) = Total generation in the Contract Year (kWh) ÷ Total hours of generation in the Contract Year. The excess generation by the SPD equal to this generation loss shall be procured by the Buying Utility SECI at the PSA PPA tariff so as to offset this loss in the succeeding 3 (three) Contract Years.

Appears in 1 contract

Samples: Power Purchase Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!