Common use of TARIFF, BILLING AND PAYMENT Clause in Contracts

TARIFF, BILLING AND PAYMENT. 13.1 Tariff Payment (TP) From and after the Commercial Operations Date, BPDB shall pay to the Company, for each Month, Tariff Payment on no electricity no payment basis. TPm = TR(US) x CEm x NEOm x PFadjm WHERE, TPm = Tariff Payment in Taka during the Month “m”. TR(US) = Tariff Rate in USD/kWh as provided in Schedule 4. CEm = the rate at which Xxxxxx Bank sells one Dollar in exchange for Taka, as published in the Exchange Rates Bulletin or any latest official letter or circular to the “Authorised Dealers” (as that expression is used by Xxxxxx Bank) or defined in any publication of Xxxxxx Bank) in Bangladesh, on the first Day of the Month immediately following the Month “m”. NEOm = Net Energy Output measured in kWh during Month “m”.  PFadjm = Power factor Adjustment = 0.85 divided by average power factor of the month “m” at Delivery Point and shall be applicable if PFadjm<1  0.85 = Power factor lagging at Delivery Point.  average power factor of the month= Cos(tan-1(net delivered MVarh during month “m” divided by net delivered MWh during month “m”) The Company shall not be entitled to claim any Tariff Payments for the excess energy beyond the equivalent energy corresponding to Dependable Capacity for each half an hour interval for the respective invoice month.

TARIFF, BILLING AND PAYMENT. 13.1 Tariff Payment (TP) From and after the Commercial Operations Date, BPDB shall pay to the Company, for each Month, Tariff Payment on no electricity no payment basis. TPm = TR(US) x CEm x NEOm x PFadjm WHERE, TPm = Tariff Payment in Taka during the Month “m”. TR(US) = Tariff Rate in USD/kWh as provided in Schedule 4. CEm = the rate at which Xxxxxx Bank sells one Dollar in exchange for Taka, as published in the Exchange Rates Bulletin or any latest official letter or circular to the “Authorised Dealers” (as that expression is used by Xxxxxx Bank) or defined in any publication of Xxxxxx Bank) in Bangladesh, on the first Day of the Month immediately following the Month “m”. NEOm = Net Energy Output measured in kWh during Month “m”.  • PFadjm = Power factor Adjustment = 0.85 divided by average power factor of the month “m” at Delivery Point and shall be applicable if PFadjm<1  • 0.85 = Power factor lagging at Delivery Point.  • average power factor of the month= Cos(tan-1(net delivered MVarh during month “m” divided by net delivered MWh during month “m”) The Company shall not be entitled to claim any Tariff Payments for the excess energy beyond the equivalent energy corresponding to Dependable Capacity for each half an hour interval for the respective invoice month.