Shortfall in Generation. In case the project generates and supplies energy less than the energy corresponding to the minimum CUF (Calculation of CUF will be on yearly basis), the Power Producer will be liable to compensate GUVNL for the shortfall in availability below such contracted CUF level at 25% of the PPA Tariff. This will, however, be relaxable by GUVNL to the extent of grid non-availability for evacuation (beyond the Delivery Point) which is beyond the control of the Power Producer. This compensation shall be applied to the amount of shortfall in generation during the Contract Year.
Shortfall in Generation. 5.5.1 If for any Contract Year, it is found that the bidder has not been able to export minimum energy corresponding to the value of annual PLF (i.e. below 90% of the declared annual PLF), such shortfall in performance shall make the bidder liable to pay the compensation to MSEDCL. In case of lower generation for any reason such as such as drought, low crushing business, the bidder shall atleast export the generated units in pro-rata basis to total generation to MSEDCL. i.e. in case the installed capacity is 10 MW and bidder has tied-up with the export capacity with MSEDCL for 6 MW, then in case the actual generation is 6 MW, bidder is under obligation to supply
Shortfall in Generation. In case the project generates and supplies energy less than the energy corresponding to the minimum CUF, the Power Producer will be liable to pay to GUVNL penalty for the shortfall in availability below such contracted CUF level at 50% of the PPA Tariff. This will, however, be relaxable by GUVNL to the extent of grid non-availability for evacuation (beyond the Delivery Point) which is beyond the control of the Power Producer. The amount of such penalty will be calculated @ 50% of PPA Tariff for the shortfall in generation (in energy terms) during the Contract Year. However, this compensation shall not be applicable in events of Force Majeure identified under the PPA with GUVNL, affecting supply of wind power by the Power Producer.
Shortfall in Generation. If for any contract year, it is found that the SPD has not been able to generate minimum energy as outlined in the Normative CUF, on account of reasons solely attributed to the Solar Company, such shortfall in performance shall make SPD liable to pay a compensation equivalent to the higher of the following:
Shortfall in Generation. In case the project generates and supplies energy less than the energy corresponding to the minimum CUF (Calculation of CUF will be on yearly basis), the Power Producer will be liable to compensate at 25% of the tariff as per clause 5.2 of this PPA. This will, however, be relaxable by TPL- D to the extent of grid non-availability for evacuation (beyond the Delivery Point) certified by SLDC which is beyond the control of the Power Producer. This compensation shall be applied to the amount of shortfall in generation during the Contract Year. However, this compensation shall not be applicable in events of Force Majeure identified under this PPA with TPL-D, affecting supply of solar power by the Power Producer
Shortfall in Generation. If for any Contract Year, it is found that the SPD has not been able to generate minimum energy corresponding to the value of annual CUF within the permissible lower limit of CUF declared by the SPD, on account of reasons primarily attributable to the SPD, such shortfall in performance shall make the SPD liable to pay the compensation. This compensation shall be applied to the amount of shortfall in generation during the Contract Year. The amount of compensation shall be equal to the compensation payable (including RECs) by the Railways towards non - meeting of RPOs, which shall ensure that the Railways is offset for all potential costs associated with low generation and supply of power under the PPA, subject to a minimum of 25% (twenty-five per cent) of the cost of this shortfall in energy terms, calculated at PPA tariff. The reference to the compensation for shortfall and the amount being equal to the compensation payable by the Railways for not meeting RPO is only a measure of damage. It shall not be construed that the compensation is payable by SPD only if the Railways are required to pay compensation for such not meeting of RPO or that the Railways or the SPD shall be required to prove or establish such payment of compensation for not meeting the RPO. SPD shall agree that the methodology specified herein above for calculation of liquidated damages payable by the SPD for shortfall in generation is a genuine and accurate pre-estimation of the actual loss that will be suffered by Railways. SPD shall further acknowledge that a breach of any of the obligations contained herein result in injuries and that the amount of the liquidated damages or the method of calculating the liquidated damages specified in this document is a genuine and reasonable pre-estimate of the damages that may be suffered by the Railways in each case specified under this Agreement. However, this compensation shall not be applicable in events of Force Majeure identified under the PPA, affecting supply of solar power by the SPD.
Shortfall in Generation. If for any Contract Year, it is found that the SPD has not been able to generate and supply minimum energy, namely (i) Million kWh (MU) till the end of 10 years from the COD and (ii) ………….. Million kWh (MU) for the rest of the Term of the Agreement, for any reason except as mentioned below, the non-compliance by SPD shall make the SPD liable to pay the compensation to PSPCL. The amount of such compensation shall be as determined by Punjab State Electricity Regulatory Commission and such compensation shall ensure that PSPCL is offset for all potential costs associated with low generation and supply of power under the PPA. However, the minimum compensation payable to PSPCL by the SPD shall be 75% (seventy-five percent) of the cost of this shortfall in energy terms, calculated at PPA tariff. The compensation shall be computed and applied to the amount of shortfall in generation with regard to each Contract Year separately. For the first year of operation, the above limits shall be considered on pro- rata basis. In case of part commissioning of the Project, the above limits shall be considered on pro-rata basis till the commissioning of full capacity of the Project. The lower limit shall, however, be relaxable by PSPCL to the extent of grid non-availability for evacuation (beyond the Delivery Point) which is beyond the control of the SPD (as certified by the SLDC). The compensation shall not be applicable in the events of Force Majeure identified under the PPA, affecting supply of solar power by the SPD.
Shortfall in Generation. If for any Contract Year, it is found that the Successful Bidder has not been able to generate minimum ( 70%) energy corresponding to the contracted capacity corresponding to …MUs, on account of reasons solely attributable to the Successful Bidder, such shortfall in performance shall make the Successful Bidder liable to pay the compensation @ 50% (fifty per cent) of the PPA tariff to JIL. This will, however, be relaxable by JIL to the extent of grid non- availability for evacuation (beyond the Delivery Point) which is beyond the control of the Successful Bidder. This compensation shall be applied to the amount of shortfall in generation during the Contract Year.
Shortfall in Generation. If for any Contract Year, Generator has not been able to export minimum energy corresponding to the value of annual i.e. if it is found that the PLF (i.e. below 90% of the declared annual PLF), such shortfall in performance shall make the Generator liable to pay the compensation provided in the PPA to MSEDCL. In case of lower generation for any reason such as such as drought, low crushing business, the Generator shall at least export the generated units in pro-rata basis to total generation to MSEDCL. i.e. in case the installed capacity is 10 MW and Generator has tied-up with the export capacity with MSEDCL for 6 MW, then in case the actual generation is 6 MW Generator is under obligation to supply 3 MW. In case the export is less than the minimum PLF specified or lower than pro-rata basis entitled by MSEDCL as specified above, the Generator shall pay MSEDCL for the actual shortfall in terms of units at the prevailing floor price for non-solar REC fixed by the CERC for the said year of default, since the MSEDCL is an obligated entity to utilize Non-Solar power as per Hon’ble CERC’s RPO Regulation. However, this compensation shall not be applicable in events of force majeure identified under the PPA, affecting the supply and also in case of evacuation issue during the operation period.
Shortfall in Generation. In case the project generates and supplies energy less than the energy corresponding to the minimum contracted CUF, as defined in Article 3.1
