Common use of Provision for Generation Compensation Clause in Contracts

Provision for Generation Compensation. Grid unavailability in a Contract Year as beyond 50 hours in a Contract Year as defined in the PPA: 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) ÷ 8766 hours less total hours of grid unavailability in a Contract Year. The excess generation by the WPD equal to this generation loss shall be procured by the Buying Entity at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years, against the energy supplied over and above maximum energy supply limit i.e. the energy corresponding to 120% of declared CUF. Alternatively, the Buying Entity may choose to provide Generation Compensation, in terms of PPA tariff, for the Generation loss as defined above, and for Grid unavailability beyond 50 hours in a Contract Year as defined in the PPA.

Provision for Generation Compensation. Grid unavailability in a Contract Year contract year as beyond 50 hours in a Contract Year as defined in the PPA: 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) ÷ 8766 hours less total hours of grid unavailability in a Contract Year. The excess generation by the WPD equal to this generation loss shall be procured by the Buying Entity at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years, against the energy supplied over and above maximum energy supply limit i.e. the energy corresponding to 120% of declared CUF. Alternatively, the Buying Entity may choose to provide Generation Compensation, in terms of PPA tariff, for the Generation loss as defined above, and for Grid unavailability beyond 50 hours in a Contract Year as defined in the PPA.3

Provision for Generation Compensation. Grid unavailability in a Contract Year as beyond 50 hours in a Contract Year as defined in the PPA: 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) ÷ 8766 hours less total hours of grid unavailability in a Contract Year. The excess generation by the WPD equal to this generation loss shall be procured by the Buying Entity at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years, against the energy supplied over and above maximum energy supply limit i.e. i.e the energy corresponding to 120% of declared CUF. Alternatively, the Buying Entity may choose to provide Generation Compensation, in terms of PPA tariff, for the Generation loss as defined above, and for Grid unavailability beyond 50 hours in a Contract Year as defined in the PPA.

Provision for Generation Compensation. Grid unavailability in a Contract Year as beyond 50 hours in a Contract Year as defined in the PPA: 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) ÷ 8766 hours less total hours of grid unavailability in a Contract Year. The excess generation by the WPD equal to this generation loss shall be procured by the Buying Entity at the PSA tariff so as to offset this loss in the succeeding 3 (three) Contract Years, against the energy supplied over and above maximum energy supply limit i.e. the energy corresponding to 120% of declared CUF. Alternatively, the Buying Entity may choose to provide Generation Compensation, in terms of PPA tariff, for the Generation loss as defined above, and for Grid unavailability beyond 50 hours in a Contract Year as defined in the PPA.