Common use of PURCHASE OF DELIVERED ENERGY AND TARIFF Clause in Contracts

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire Delivered Energy, as mentioned in Schedule 1, at the Interconnection Point for sale to the DISCOM shall be purchased at the Tariff as provided in Clause 2.2 limited to the contracted capacity of the Project after the Date of Commercial Operation. Title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM at the Interconnection Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Tariff rate as provided in clause 2.2. 2.2 The DISCOM shall pay Tariff to the Solar Power Developer as per the tariff quoted by the Solar Power Developer in the Bid. (Option to be chosen accordingly. The other option can be removed) i. Where the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for all Tariff Years for the entire term of the Agreement shall be the Quoted Tariff; ii. Where the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1 2.3 The Tariff payable by the DISCOM shall be inclusive of all taxes, duties and levies or any other statutory liability, as applicable from time to time. 2.4 The Solar Power Developer, at any time during the validity of this Agreement, shall not add any extra solar modules or equipment that shall alter the Contracted Capacity. 2.5 For Delivered Energy corresponding to less than or equal to 25% CUF, the applicable Tariff shall be as per Article 2.2 of this Agreement. For Delivered Energy beyond 25% CUF, the applicable Tariff shall be equal to the 50% of the Quoted Tariff specified for that Tariff Year. The calculation of CUF shall be done on an yearly basis i.e., over the Tariff Year. 2.6 The Solar Power Developer is entitled to draw the power from the DISCOM for its auxiliary consumption, subject to limit is specified in Schedule-1. The energy supplied by the DISCOM to the Solar Power Developer through a bilateral arrangement, to maintain the Auxiliaries of the power plant in situations of non-generation of power, in any billing month shall be adjusted from the delivered energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumers. Provided further that the Solar plants during the plant shut down or non-generation periods shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption.

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire All the Delivered Energy, as mentioned in Schedule 1, at the Interconnection Delivery Point for sale to the DISCOM shall VMC will be purchased at the Tariff as provided for in Clause 2.2 limited to the contracted capacity of the Project only, after the Date of Commercial Operation. Title Operation of the Project and title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM Solar Power Procurer at the Interconnection Delivery Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Tariff rate as provided in clause 2.2. 2.2 The DISCOM Solar Power Procurer shall pay Tariff to the Solar Power Developer as per equal to the Tariff which is agreed by both parties in pursuance of conclusion of bid. The tariff quoted shall include all statutory/ regulatory/scheduling and system operating charges and losses, except the following which shall be borne by VMC; i. Electricity Duty ii. Cross-subsidy Charges iii. Additional Surcharges These charges are exempt under the Solar Power Policy, 2015 (dt. 12.02.2015) for the initial few years. All future levy/increase in these charges will have to be borne by the Solar Power Developer Procurer. Any new charges/ levies introduced by changes in regulations and charged on energy at a stage after the Bid. (Option to injection of energy into the grid, will be chosen accordingly. The other option can be removed) i. Where the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for all Tariff Years for the entire term of the Agreement shall be the Quoted Tariff; ii. Where the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted borne by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1 2.3 The Tariff payable by the DISCOM shall be inclusive of all taxes, duties and levies or any other statutory liability, as applicable from time to time. 2.4 Solar Power Procurer. The Solar Power Developer, at any time during the validity of this Agreement, shall not add any extra solar modules or modules/equipment that shall alter more than the Contracted Capacity. 2.5 Capacity without the written consent from the Solar Power Procurer to be provided solely for the purpose of providing additional units over and above the contracted units at a tariff mutually agreed by both the parties For Delivered Energy corresponding to less than or more than the Contracted Units in a tariff year, the tariff shall be calculated as follows – 1 In any month during the PPA term, maximum deviation allowed in the Contracted Units of energy is 5% 2 At the end of a Tariff Year, the units generated by the SPD will be consolidated and additional charges/ penalties levied would be as follows;  If the generation is less than 13.68 MUs in a year, the SPD will pay VMC for the entire cost of procuring the defaulted power units from the DISCOM  If the generation is between 13.68 MUs and 14.4 MUs, the SPD will pay for the additional cost only. For example, if 14 MUs are produced by the SPD in a Tariff Year, it will be liable to pay difference between its quoted tariff and the tariff charged by DISCOM for defaulted 0.4 MUs, If only 13.5 MUs are produced, the SPD will be liable to pay the entire tariff charged by DISCOM for 0.9 i.e., (14.4-13.5) MUs  Entire proceedings/income that shall accrue to SPD from Discom related to banked energy owing to deemed sale to Utility, if any, shall be transferred to VMC.  VMC will ensure guaranteed offtake of Contracted Units of solar power generated from the plant for initial 15 years from CoD. From 16th year onwards, at any point of time during the tenure of the PPA, the net landed tariff including all regulatory charges payable by VMC becomes equal to 25% CUFor greater than the prevailing tariff (applicable category) of Discom, the applicable Tariff Procurer (VMC) shall have right to negotiate on the tariff with SPD and VMC shall agree on the terms related to tariff with SPD. If both the parties are unable to mutually agree upon a tariff, then VMC shall have the right to terminate the agreement. In such a scenario, VMC shall also explore ways to purchase the asset and shall have the first right of refusal to purchase the plant. The value of asset shall be arrived based on assessment carried out by an independent agency. The appointment of such agency and scope of assessment would be based on mutually agreed terms. The SPD shall be liable to pay deviation charges as per Article 2.2 the APERC’s Regulation 4 of this Agreement2017. For Delivered Energy beyond 25Such charges are payable for an absolute error of more than 15% CUF, between the applicable Tariff shall be equal forecasted production and the actual output in every 15 minute time block. Kindly refer to the 50% of the Quoted Tariff specified notification issued by APERC for that Tariff Yearfurther details. The calculation of CUF shall be done on an yearly basis i.e., over the Tariff Year. 2.6 The Solar Power Developer is entitled to draw the shall purchase power directly from the DISCOM for its auxiliary consumption, subject to limit is specified in Schedule-1. The energy supplied consumption or it may utilize the power generated by the DISCOM to project before it reaches the Solar Power Developer through a bilateral arrangement, to maintain the Auxiliaries of the power plant in situations of non-generation of power, in any billing month shall be adjusted from the delivered energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection injection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumers. Provided further that the Solar plants during the plant shut down or non-generation periods shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption.

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire All the Delivered Energy, as mentioned in Schedule 1, at the Interconnection Point for sale to the DISCOM shall will be purchased at the Tariff as provided for in Clause 2.2 limited to the contracted capacity of the Project only, after the Date of Commercial Operation. Title Operation of the Project and title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM at the Interconnection Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Tariff rate as provided in clause 2.2. 2.2 The DISCOM shall pay Tariff to the Solar Power Developer as per the following as per the tariff quoted by the Solar Power Developer in the Bid. (Option to be chosen accordingly. The other option can be removed) i. Where If the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS), then Tariff for all Tariff Years for the entire term of the Agreement PPA shall be the Quoted Tariff; ii. Where If the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS), then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1 2.3 The Tariff payable by the DISCOM shall will be inclusive of all taxes including Minimum Alternate Tax (MAT) or Income Tax, duties and levies, to be borne by the Solar Power Developer. All future increase in taxes, duties and levies or any other statutory liability, as applicable from time on energy generated will have to timebe borne by the Solar Power Developer. 2.4 The Solar Power Developer, at any time during the validity of this Agreement, shall not add any extra solar modules or modules/equipment that shall would alter the Contracted Capacity. 2.5 For Delivered Energy corresponding to less than or equal to 25% CUF, the applicable Tariff shall be as per Article 2.2 of this Agreement. For Delivered Energy beyond corresponding to more than 25% CUF, the applicable Tariff shall be equal to the 50% of the Quoted Tariff specified applicable for that Tariff Year. The above calculation of CUF shall be done on an yearly basis i.e., i.e. over the Tariff Year 2.6 All units generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the Tariff for the first Tariff Year. 2.6 2.7 The Solar Power Developer is entitled to draw the power from the DISCOM for its auxiliary consumption, subject to the limit of which is specified in Schedule-1Schedule-1 from DISCOM. The energy supplied by the DISCOM to the Solar Power Developer through a bilateral arrangement, to maintain the Auxiliaries of the power plant in situations of non-non- generation of power, in any billing month shall be adjusted from the delivered energyDelivered Energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumers. Provided further that the Explanation: The Solar plants during the plant shut down or down/non-generation periods shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption.

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire Delivered Energy, as mentioned in Schedule 1, at the Interconnection Point for sale to the DISCOM shall be purchased at the Tariff as provided in Clause 2.2 limited to the contracted capacity of the Project after the Date of Commercial Operation. Title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM at the Interconnection Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Tariff rate as provided in clause 2.2. 2.2 The DISCOM shall pay Tariff to the Solar Power Developer as per the tariff quoted by the Solar Power Developer in the Bid. (Option to be chosen accordingly. The other option can be removed) i. Where the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for all Tariff Years for the entire term of the Agreement shall be the Quoted Tariff; ii. Where the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1be 2.3 The Tariff payable by the DISCOM shall be inclusive of all taxes, duties and levies or any other statutory liability, as applicable from time to time. 2.4 The Solar Power Developer, at any time during the validity of this Agreement, shall not add any extra solar modules or equipment that shall alter the Contracted Capacity. 2.5 For Delivered Energy corresponding to less than or equal to 25% CUF, the applicable Tariff shall be as per Article 2.2 of this Agreement. For Delivered Energy beyond 25% CUF, the applicable Tariff shall be equal to the 50% of the Quoted Tariff specified for that Tariff Year. The calculation of CUF shall be done on an yearly basis i.e., over the Tariff Year. 2.6 The Solar Power Developer is entitled to draw the power from the DISCOM for its auxiliary consumption, subject to limit is specified in Schedule-1. The energy supplied by the DISCOM to the Solar Power Developer through a bilateral arrangement, to maintain the Auxiliaries of the power plant in situations of non-generation of power, in any billing month shall be adjusted from the delivered energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumers. Provided further that the Solar plants during the plant shut down or non-generation periods shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption.

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire Delivered Energy, as mentioned in Schedule 1, at the Interconnection Point for sale to the DISCOM shall be purchased at the Tariff as provided in Clause 2.2 limited to the contracted capacity Contracted Capacity of the Project after the Date of Commercial Operation. Title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM at the Interconnection Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Quoted Tariff rate as provided in clause 2.2. 2.2 The DISCOM shall pay Tariff to the Solar Power Developer as per the tariff quoted by the Solar Power Developer in the Bid. (Option to be chosen accordingly. The other option can be removed) i. Where the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for all each Tariff Years Year for the entire term of the Agreement shall be the Quoted Tariff; ii. Where the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1 2.3 The Tariff payable by the DISCOM shall be inclusive of all taxes, duties and levies or any other statutory liability, as applicable from time to time. 2.4 The Solar Power Developer, at any time during the validity of this Agreement, shall not add any extra solar modules or equipment that shall alter the Contracted Capacity. 2.5 For Delivered Energy corresponding to less than or equal to 25% CUF, the applicable Tariff shall be as per Article 2.2 of this Agreement. For Delivered Energy beyond 25% CUF, the applicable Tariff shall be equal to the 50% of the Quoted Tariff specified for that Tariff Year. The calculation of CUF shall be done on an yearly basis i.e., over the Tariff Year. 2.6 The Solar Power Developer is entitled to draw the power from the DISCOM for its auxiliary consumption, subject to limit is specified in Schedule-1. The energy supplied by the DISCOM to the Solar Power Developer through a bilateral arrangement, to maintain the Auxiliaries of the power plant in situations of non-generation of power, in any billing month shall be adjusted from the delivered energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumers. Provided further that the Solar plants during the plant shut down or non-generation periods shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption.

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire Delivered Energy, as mentioned in Schedule 1, at the Interconnection Point for sale to the DISCOM shall be purchased at the Tariff as provided in Clause 2.2 limited to the contracted capacity Contracted Capacity of the Project after the Date of Commercial Operation. Title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM at the Interconnection Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Quoted Tariff rate as provided in clause 2.2. 2.2 The DISCOM shall pay Tariff to the Solar Power Developer as per the tariff quoted by the Solar Power Developer in the Bid. (Option to be chosen accordingly. The other option can be removed) i. Where the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for all each Tariff Years Year for the entire term of the Agreement shall be the Quoted Tariff; ii. Where the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1 2.3 The Tariff payable by the DISCOM shall be inclusive of all taxes, duties and levies or any other statutory liability, as applicable from time to time. 2.4 The Solar Power Developer, at any time during the validity of this Agreement, shall not add any extra solar modules or equipment that shall alter the Contracted Capacity. 2.5 For Delivered Energy corresponding to less than or equal to 25% CUF, the applicable Tariff shall be as per Article 2.2 of this Agreement. For Delivered Energy beyond 25% CUF, the applicable Tariff shall be equal to the 50% of the Quoted Tariff specified for that Tariff Year. The calculation of CUF shall be done on an yearly basis i.e., over the Tariff Year. 2.6 The Solar Power Developer is entitled to draw the power from the DISCOM for its auxiliary consumption, subject to limit is specified in Schedule-1. The energy supplied by the DISCOM to the Solar Power Developer through a bilateral arrangement, to maintain the Auxiliaries of the power plant in situations of non-generation of power, in any billing month shall be adjusted from the delivered energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumers. Provided further that the Solar plants during the plant shut down or non-generation periods shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption.

PURCHASE OF DELIVERED ENERGY AND TARIFF. 2.1 Entire Delivered Energy, as mentioned in Schedule 1, at the Interconnection Point for sale to the DISCOM shall be purchased at the Tariff as provided in Clause 2.2 limited to the contracted capacity of the Project after the Date of Commercial Operation. Title to the Delivered Energy purchased shall pass from the Solar Power Developer to the DISCOM at the Interconnection Point. Provided the units of energy generated by the SPD prior to the COD of the Project shall be purchased by the DISCOM at the first year Tariff rate as provided in clause 2.2. 2.2 The DISCOM shall pay Tariff to the Solar Power Developer as per the tariff quoted by the Solar Power Developer in the Bid. (Option to be chosen accordingly. The other option can be removed) i. Where the Bidder has opted for Tariff Option -1 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for all Tariff Years for the entire term of the Agreement shall be the Quoted Tariff; ii. Where the Bidder has opted for Tariff Option -2 as specified in the Financial Bid Format 6.10 (B) of RfS, then Tariff for Tariff Year 1 (TY1) shall be the Quoted Tariff quoted by the Bidder for Tariff Year 1 as specified in the Financial Bid Format 6.10 (B) of RfS; Tariff for Tariff Year n (TYn) where 2 < n < 10 shall be TYn = TYn-1 * (1+Esc%) Tariff for Tariff Year m (TYm) where 11 < m < 25 shall be TYm = TYm-1bid. 2.3 The Tariff tariff payable by the DISCOM shall be inclusive of all taxes, duties and levies or any other statutory liability, as applicable from time to time. 2.4 The Solar Power Developersolar power developer, at any time during the validity of this Agreement, shall not add any extra solar modules or equipment that shall alter the Contracted Capacitycontracted capacity. 2.5 For Delivered Energy corresponding to less than or equal to 25% CUF, the applicable Tariff tariff shall be as per Article 2.2 of this Agreement. For Delivered Energy beyond 25% CUF, the applicable Tariff tariff shall be equal to the 50% of the Quoted Tariff specified for that Tariff Year. The calculation of CUF shall be done on an yearly basis i.e., over the Tariff Year. 2.6 The Solar Power Developer is entitled to draw the power from the DISCOM for its auxiliary consumption, subject to limit is ais specified in Schedule-1. The energy supplied by the DISCOM to the Solar Power Developer solar power developer through a bilateral arrangement, to maintain the Auxiliaries auxiliaries of the power plant in situations of non-generation of power, in any billing month shall be adjusted from the delivered energy, as indicated below: Net Energy = Delivered energy by the developer at interconnection point - Energy drawl from DISCOM for auxiliaries. Provided that where there is NO Delivered Energy by the SPD at the Interconnection Point in any month, then Energy drawl from the DISCOM shall be billed at the applicable tariff of HT-1 category consumersconsumers as notified by the TSERC for the relevant financial year. Provided further that the Solar plants during the plant shut down or non-generation periods periods, the project shall draw the energy from the DISCOM only for the essential loads not exceeding the auxiliary consumption. Auxiliary consumption allowed for the purpose of the PPA is as specified in Schedule 1 of this Agreement.