Common use of Shortfall in Generation Clause in Contracts

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

Appears in 6 contracts

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

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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 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 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

Appears in 1 contract

Samples: Power Purchase Agreement

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