Examples of DISCOM in a sentence
The PPA shall be binding upon and inure to the benefit of the solar power developer and the DISCOM and their respective permitted successors and assignees.
The solar developer shall submit bills for the energy delivered during the billing period as per the provision of this Agreement and there upon the DISCOM shall make payment of for the undisputed amount of the bill by the due date of payment.
Provided the replacement of damaged PV modules is undertaken with the consent of the DISCOM.
If the resolution of any dispute requires the DISCOM to reimburse the solar power developer, the amount to be reimbursed shall bear simple interest at prevailing base prime lending rate of State Bank of India and in case this rate is reduced / increased, such a reduced / increased rate is applicable from the date of reduction / increase from the date of disallowance to the date of reimbursement.
Provided that any increase in the delivered energy on account of commissioning of additional capacity after the first month’s billing or in subsequent billing months, the DISCOM shall revise the revolving letter of credit in favour of the solar power developer covering the latest previous month billing upto achieving of COD.