Water Body Usage Sample Clauses

Water Body Usage. For uninterrupted power generation from Floating Solar Power Plant (FSPV) shall be achieved by maintaining the Minimum Water level (minimum 2 meter) in reservoir to enable the plant in the floating conditions during the Term of the PPA. Thus, Buying Entity shall ensure uninterrupted water body usage during the Term of the PPA. The Buying Entity acknowledge and accept that the uninterrupted Water Body usage availability of the water are the essence for obligation of SPD to undertake generation of electricity. If for any reason whatsoever, the uninterrupted water body usage with available water is not there, SPD will not only be in default of generation of electricity but also shall be entitled to be deemed fixed charges to the extent of Rs. ../kWh (Tariff as adopted by JERC) for the normative availability upto the normative 17 % of CUF. The parties have agreed on the above to enable SPD to service the fixed charges arising out of the investment made by SPD.
Sample 1
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Water Body Usage. An uninterrupted operation of Floating Solar Power Plant (FSPV) shall be achieved by maintaining the Minimum Water level (minimum 2 meter) in reservoir to enable the plant in the floating conditions during the Term of the PPA. Thus, Buying Entity shall ensure uninterrupted water body usage during the Term of the PPA. The Buying Entity acknowledge and accept that the uninterrupted Water Body usage availability of the water are the essence for obligation of SPD to undertake generation of electricity. If for any reason whatsoever, the uninterrupted water body usage with available water is not there and the reasons are not attributable to SPD, leading to plant operational constraint, the generation compensation to the SPD shall be restricted to the following and there shall be no other claim, directly or indirectly against BBMB: Generation Compensation = 100% of [(Average Generation per hour during the month) X (number of non-operational hours during the month)] X PPA tariff Where, Average Generation per hour during the month (kWh) = Total generation in the month (kWh) ÷ Total hours of generation in the month
Sample 1

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