Common use of Shortfall in Generation Clause in Contracts

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.

Appears in 19 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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