Common use of Tariff rate Clause in Contracts

Tariff rate. 8.1.1 MSEDCL shall pay a fixed rate of INR (in words Rupees ) per kWh (“Tariff”) as discovered under the competitive bidding and as agreed by the Parties upon Commissioning of a Unit / Project (as certified by SLDC/MSEDCL) for Delivered Energy / scheduled energy (as per the prevailing MERC Regulations), during the Term. All power produced by a Unit shall be purchased by MSEDCL at the Tariff from the date of Commercial Operation Date of such Unit at 100% (one hundred percent) of the Tariff, irrespective of whether the Commercial Operation Date of such Unit was prior to Scheduled Commercial Operation Date or within the permissible delay period of 2 (two) months (with payment of Liquidated Damages in terms of this PPA) from the Scheduled Commercial Operation Date. 8.1.2 The early Commissioning of the Project is permitted for full Commissioning as well as part Commissioning before Scheduled Commercial Operation Date, subject to the provisions of Article 6 of this PPA.

Appears in 16 contracts

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

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Tariff rate. 8.1.1 MSEDCL shall pay a fixed rate of INR (in words Rupees ) tariff per kWh for each Unit operated by the SPV at the tariff rates specified in Schedule 7 (“Tariff”) as discovered under the competitive bidding and as agreed by the Parties upon Commissioning of a Unit / Project (as certified by SLDC/MSEDCL) for Delivered Energy / scheduled energy (as per the prevailing MERC Regulations), during the Term. All power produced by a Unit shall be purchased by MSEDCL at the Tariff from the date of Commercial Operation Date of such Unit at 100% (one hundred percent) of the Tariff, irrespective of whether the Commercial Operation Date of such Unit was prior to Scheduled Commercial Operation Date SCSD or within the permissible delay period of 2 (two) months (with payment of Liquidated Damages in terms of this PPA) from the Scheduled Commercial Operation DateSCSD. 8.1.2 The early Commissioning of the Project is permitted for full Commissioning as well as part Commissioning before Scheduled Commercial Operation Date, subject to the provisions of Article 6 of this PPA.

Appears in 1 contract

Samples: Power Purchase Agreement

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