Generating Companies definition
Examples of Generating Companies in a sentence
An Event of Default by any of the Other Generating Companies under the Other Sales Agreements shall be an Event of Default by Seller under this Agreement.
Provided further that Generating Companies shall submit plant wise NAPAF alongwith the detailed calculations and reasons thereof as per the guidelines for calculation of NAPAF as laid down in Appendix - III to these Regulations, for seeking approval of the Commission.
The Generating Companies shall be responsible for the procurement, installation and commercial authorization of the Plants to be built.
Even assuming that the burden of interest would have to be passed on to the consumers, that cannot be the ground for the Appellant to resile from its contractual commitment to the Power Generating Companies.
Further, it also provides Generating Companies with the leeway that in case of non-maintenance of payment security mechanism, they may regulate the supply of power to the Distribution Licensee.
The successful tenderer/s will create two Generating Companies whose functions will be: • Manage the purchase of the plants, including the preparation of bidding documentation, and organize the bidding process.
Income Tax, if any, on the income stream of the regulated business of Generating Companies, Transmission Licensees, Distribution Licensees and SLDC shall be reimbursed to the Generating Companies, Transmission Licensees, Distribution Licensees and SLDC as per actual income tax paid, based on the documentary evidence submitted at the time of truing up of each year of the Control Period, subject to the prudence check.
The Appellant cannot pass on the burden for delay in making payment to the Power Generating Companies.
The Petitioner has gone through the abovementioned rules and finds them to be a step in the right direction to resolve the issues plaguing the current scenario of DISCOMs reneging on their commitments and obligations to make payment to the Generating Companies on time while at the same time providing for a clear-cut mechanism to clear outstanding dues along with Late Payment Surcharge (LPS).
The Regulations in this part shall apply to the users of intra-State transmission system (i.e. Generating Companies, Licensees (i.e. Transmission, Distribution & Trading Companies) and Open Access Customers), who are monitored/serviced by the State Load Despatch Centre (SLDC) and utilized for determination of Fees and Charges to be collected by the SLDC.