Right to Contracted Capacity & Energy. 4.3.1 PGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of KWH (Units) (corresponding to 19% minimum CUF) for Feeder level Solar plant during the term of the agreement, on account of reasons solely attributable to the SPG, the non-compliance by SPG shall make the SPG liable to pay the compensation. PGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL to the extent of grid non-availability for evacuation which is beyond the control of the SPG. 4.3.2 This compensation shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL by the SPG shall be 25% (twenty-five percent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall not be applicable in events of Force Majeure identified under PPA. 4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% of Tariff rate
Appears in 2 contracts
Right to Contracted Capacity & Energy. 4.3.1 PGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of KWH (Units) (corresponding to 19% minimum CUF) for Feeder level Solar plant during the term of the agreement, on account of reasons solely attributable to the SPG, the non-compliance by SPG shall make the SPG liable to pay the compensation. PGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL to the extent of grid non-availability for evacuation which is beyond the control of the SPG.
4.3.2 This compensation shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL by the SPG shall be 25% (twenty-five percent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall not be applicable in events of Force Majeure identified under PPA.
4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% of Tariff raterate the additional energy over and above the contracted capacity.
Appears in 2 contracts
Samples: Power Purchase Agreement (Ppa), Power Purchase Agreement
Right to Contracted Capacity & Energy. 4.3.1 PGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of _KWH (Units) (corresponding to 19% minimum CUF) for Feeder level Solar plant during the term of the agreement, on account of reasons solely attributable to the SPG, the non-compliance by SPG shall make the SPG liable to pay the compensation. PGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL to the extent of grid non-availability for evacuation which is beyond the control of the SPG.
4.3.2 This compensation shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL by the SPG shall be 25% (twenty-five percent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall not be applicable in events of Force Majeure identified under PPA.
4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% charges in case of Tariff ratefailure to do so. The SPG shall install adequate protection equipment at the interconnection point to avoid excess energy feeding into the grid and failure to do so shall entitle DISCOM to not pay for the additional energy over and above the contracted capacity.
Appears in 1 contract
Samples: Power Purchase Agreement (Ppa)
Right to Contracted Capacity & Energy. 4.3.1 PGVCLUGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of KWH (Units) (corresponding to 19% minimum CUF) for Feeder Feeder/substation level Solar plant during the term of the agreement, on account agreement except force majeure conditions as defined in the Article -11__ of reasons solely attributable to the SPG, the PPA. The non-compliance by SPG shall make the SPG liable to pay the compensation. PGVCL UGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL UGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL UGVCL to the extent of grid non-availability for evacuation which is beyond the control attributable of the SPGUGVCL / GETCO.
4.3.2 This compensation (as mentioned in above para 4.
3.1) shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL UGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL UGVCL by the SPG shall be at 25% (twenty-five percent) of PPA tariff on the cost of this shortfall in energy terms, calculated at PPA tariffenergy. This compensation shall not be applicable in events of Force Majeure identified under PPA.
4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% of Tariff rate
Appears in 1 contract
Samples: Power Purchase Agreement (Ppa)
Right to Contracted Capacity & Energy. 4.3.1 PGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of _ _KWH (Units) (corresponding to 19% minimum CUF) for Feeder _Feeder/substation level Solar plant during the term of the agreement, on account agreement except force majeure conditions as defined in the Article -11 of reasons solely attributable to the SPG, the PPA. The non-compliance by SPG shall make the SPG liable to pay the compensation. PGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL to the extent of grid non-non- availability for evacuation which is beyond the control attributable of the SPGPGVCL / GETCO.
4.3.2 This compensation (as mentioned in above para 4.
3.1) shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL by the SPG shall be at 25% (twenty-five percent) of PPA tariff on the cost of this shortfall in energy terms, calculated at PPA tariffenergy. This compensation shall not be applicable in events of Force Majeure identified under PPA.
4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% of Tariff raterate + applicable taxes in case of failure to do so. The SPG shall install adequate protection equipment at the interconnection point to avoid excess energy feeding into the grid and failure to do so shall entitle DISCOM to not pay for the additional energy over and above the contracted capacity.
Appears in 1 contract
Samples: Power Purchase Agreement (Ppa)
Right to Contracted Capacity & Energy. 4.3.1 PGVCLUGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of KWH (Units) (corresponding to 1917% minimum CUF) for Feeder level Solar plant during the term of the agreement, on account of reasons solely attributable to the SPG, the non-non- compliance by SPG shall make the SPG liable to pay the compensation. PGVCL UGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL UGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL UGVCL to the extent of grid non-non- availability for evacuation which is beyond the control of the SPG.
4.3.2 This compensation shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL UGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL UGVCL by the SPG shall be 25% (twenty-five percent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall not be applicable in events of Force Majeure identified under PPA.
4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% charges in case of Tariff ratefailure to do so. The SPG shall install adequate protection equipment at the interconnection point to avoid excess energy feeding into the grid and failure to do so shall entitle DISCOM to not pay for the additional energy over and above the contracted capacity.
Appears in 1 contract
Samples: Power Purchase Agreement
Right to Contracted Capacity & Energy. 4.3.1 PGVCL, in any Contract Year shall not be obliged to purchase any additional energy from the SPG beyond the contract capacity. If for any Contract Year except for the first year of operation, it is found that the SPG has not been able to generate and supply minimum energy of KWH (Units) (corresponding to 19% minimum CUF) for Feeder Feeder/substation level Solar plant during the term of the agreement, on account agreement except force majeure conditions as defined in the Article -11 of reasons solely attributable to the SPG, the PPA. The non-compliance by SPG shall make the SPG liable to pay the compensation. PGVCL shall not be obliged to purchase energy in excess of maximum CUF of 30% during any contract year. If _PGVCL decides to purchase the excess energy beyond CUF of 30%, the payments for such excess energy shall be made at 75% of the PPA tariff. For the first year of operation, the above limits shall be considered on pro-rata basis. The lower limit will, however be relaxable by PGVCL to the extent of grid non-availability for evacuation which is beyond the control attributable of the SPGPGVCL / GETCO.
4.3.2 This compensation (as mentioned in above para 4.
3.1) shall be applied to the amount of shortfall in generation during the Contract Year. The amount of such penalty would ensure that the PGVCL is offset for all potential costs associated with low generation and supply of power under the PPA. The compensation payable to PGVCL by the SPG shall be at 25% (twenty-five percent) of PPA tariff on the cost of this shortfall in energy terms, calculated at PPA tariffenergy. This compensation shall not be applicable in events of Force Majeure identified under PPA.
4.3.3 At any point of time block, the peak of capacity shall not reach higher than the contracted capacity at the point where power is injected in the grid. The SPG shall forego the excess generation and reduce the output to the contract capacity and shall be required to pay the penalty/charges, 25% of Tariff rate
Appears in 1 contract
Samples: Power Purchase Agreement (Ppa)