Provision for Generation Compensation. Grid unavailability beyond 175 hours in a Contract Year (as defined in Article 1) Generation Compensation = ((Applicable Tariff x RE power (MW) offered but not scheduled by Buying Entity) X 1000 X No. of hours of grid unavailability) However, in 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 RPD on an annual basis.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
