Free Power definition

Free Power means quantum of energy corresponding to such percentage {not less than Fifteen Per Cent (15%)} of Net Energy generated by the Project, to be supplied free of cost by the Seller to the Procurer in each time block, as mentioned in format of Error! Reference source not found. submitted in terms of Clause 2.10.1.1;
Sample 1Sample 2Sample 3
Free Power means % of power generated from the projects to be given to the State free of cost.
Sample 1Sample 2Sample 3
Free Power means the quantum of Energy which an IPP is obligated to supply without any consideration as per Article 5.1
Sample 1Sample 2

Examples of Free Power in a sentence

  • Net Present Value of all the cash flows on accout of value of Free Power to be realised(inflow), and the payment of Terminal Price(out flow) to be paid at the end of 35th anniversary of the Scheduled COD shall be calculated as on the Scheduled COD based on the Bid Variables quoted in format at Error! Reference source not found.

  • Further, the Contracted Capacity comprising of Free Power, LADF and power to be procured by the Procurer shall however be as per the revised Installed Capacity and not the Installed Capacity indicated herein.

  • The Free Power to be supplied by the Seller calculated at the rate of Rs. 2.000 per kWh shall be considered as inflow to the Procurer for the term of PPA starting from Scheduled COD till the thirty fifth (35th) anniversaryof the Scheduled COD and payment of Terminal Price shall be outflow of the Procurer in the 35th year..

  • Further, the Procurer intends to procure from the Seller for the term of PPA thirty(30) Per Cent of Net Energy from the Project after adjusting for Free Power and One Per Cent (1%) of power towards LADF .

  • The Seller shall be responsible for supply of Free Power and LADF power.

  • Besides working on Free Power Resources, JREDA has been instrumental in envisioning the policy architecture for implementation of Renewable Energy Policy and formulates innovative policies that transform challenges into opportunities and in turn in the success to overcome the barriers.

  • The Commission continued with the above methodology for determination of Free Power rate for FY15, FY16, FY17, FY18 & FY19 and fixed the rate of Free Power at Rs. 2.87, Rs. 2.80, Rs. 2.92, Rs. 2.63 and Rs. 2.48 per unit respectively.

  • In these conditions, an optimization realized with GasTurb11 allowed toassume the geometry and performances of the DRAGON’s turboshaft using a hypothetical 2 spool machine with an additional Free Power Turbine (FPT) working independently from the compression stages.

  • The Commission while determining the Free Power rate for FY15 decided that it will continue with the this methodology for determining the rate of free power during the Third MYT Control Period from FY15 to FY19 because this approach allows best possible rate of power to the State Govt.

  • However, the royalty shall not be payable if: • If NEA is in default of its payment obligations under the Domestic PPA;• Any payments received from GON or NEA in the circumstances described in the following PDA sections: Section 6.1 (GON rights and obligations), 12.7 (Staggered Remedies) or 12A.6 (Change in Law) or Local Free Power.


More Definitions of Free Power

Free Power means % of power generated from the projects to be given
Sample 1
Free Power means quantum of energy corresponding to such percentage {not less than Fifteen Per Cent (15%)} of Net Energy generated by the Project, to be supplied free of cost by “Governmental Instrumentality” the Seller to the Procurer in each time block, as mentioned in Format 1 of Annexure 4 of RFP. means the Government of Jammu and Kashmir, Government of India and any ministry or, department or board or agency other regulatory or quasi-judicial authority controlled by GOI or Government of J&K and includes the Appropriate Commission; "Grid Code" means the Jammu and Kashmir State Electricity Grid Code as specified by the Jammu and Kashmir State Electricity Commission and the expression includes the Indian Electricity Grid Code specified by the Central Electricity Regulatory Commission;
Sample 1

Related to Free Power

  • Active Power has the meaning given to it in the Grid Code;

  • Reactive Power means the wattless component of the product of voltage and current, which the Facility shall provide to or absorb from the Grid System within the Technical Limits and which is measured in MVAR;

  • second authority means the authority to which a mover is liable to make payments for the new dwelling;

  • net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine or motor speed with the auxiliaries, tested in accordance with Annex XX (Measurements of net power and the maximum 30 minutes power of electric drive train), and determined under reference atmospheric conditions;

  • Road authority means each governmental agency with jurisdiction over public streets and highways. Road authority includes the department, any other state agency, and intergovernmental, county, city, and village governmental agencies responsible for the construction, repair, and maintenance of streets and highways. When a street railway operates or seeks to operate a street railway system over public streets and highways over which more than 1 road authority possesses jurisdiction, road authority includes each road authority with jurisdiction over public streets and highways upon which the street railway operates or seeks to operate a street railway system.

  • Infirm Power means electricity injected into the grid prior to the commercial operation of a unit or block of the generating station;

  • designated authority means such authority as may be notified by the Commissioner;

  • Combined Authority means an authority established under section 103(1) of the Local Democracy, Economic Development and Construction Act 2009 or an authority to which a delegation of the Secretary of State’s functions has been made under section 39A of the Greater London Authority Act 1999;

  • Bail-in Power means any statutory cancellation, write-down and/or conversion power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the context of a European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, or any other applicable laws or regulations, as amended, or otherwise, pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other securities or obligations of the obligor or any other person.

  • Solar Power means power generated from the Solar Photovoltaic Power Project;

  • requested authority means a competent administrative authority which has been designated by a Party for this purpose and which receives a request for assistance on the basis of this Protocol;

  • Fire authority means the department, agency, or public entity with responsibility

  • Good Standing means only that as of the date of this opinion the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar of Companies. We have made no enquiries into the Company’s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.

  • UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.