Pursuant to Article 4. 1.1 (i), SECI shall set up a payment security fund for RE Projects in order to ensure timely payment to the RPD. This fund will have a corpus realized from encashment of Performance Bank Guarantee/POI, if any, under the referred RfS, and the amount credited by the RPD through a discount of Rs. 0.02/kWh in the monthly billing under this Agreement (last part to be applicable in case the RPD has opted for discounting the Tariff in lieu of Payment Security mechanism charges).
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
