Plant Availability definition
Plant Availability means in respect of any Contract Year, the percentage of the total time within the Contract Year during which the Facility is Available. For this purpose, the Facility shall be considered to be “Available” at anytime if it is capable of generating Energy and is connected to the Delivery Point by facilities which are themselves capable of delivering the Energy generated by the Facility to the Delivery Point.
Plant Availability means that the Facility is operating at a capacity such that all power requirements of the Purchaser are met up to the Project Capability.
Plant Availability is calculated as follows: Where : H1 = the number of hours in the calendar month where the Plant is actually producing (or else is deemed to be available to produce) synthesis gas at the level of the Guaranteed Capacity (i.e. 22,000 Ncum/hour of Net Syngas). Deemed availability means when the Plant is able to produce syngas but does not produce syngas because Hai Hua does not require syngas or because Hai Hua has not provided the Input Commodities. Guaranteed Cap = Guaranteed Capacity (22,000 Ncum/hour of Net Syngas) EXECUTION VERSION [*] This information has been omitted in reliance upon Rule 24b-2 under the Securities Exchange Act of 1934, as amended, and has been filed separately with the Securities and Exchange Commission. H2 = the number of hours in the calendar month where the Plant can, or is deemed to be able to produce synthesis gas but is not producing (or deemed to be available to produce) synthesis gas at the level of the Guaranteed Capacity (22,000 Ncum/hour of Net Syngas). Deemed availability means when the Plant is able to produce syngas but does not produce syngas because Hai Hua does not require syngas or because Hai Hua has not provided the Input Commodities. Reduced Cap = the Reduced Capacity of the Plant (i.e. below 22,000 Ncum/hour of Net Syngas) to produce, or to be deemed to be available to produce, syngas. H3 = the total number of hours in the calendar month For the avoidance of doubt, in applying the above formula, Plant Availability is not dependant only on the actual number of hours that the Plant operates and exports syngas to Hai Hua, but is instead dependant on the number of hours that the plant is deemed to be available to produce synthesis gas plus the number of hours it actually delivers synthesis gas. Monthly Capacity Fee = the figure stated in Table IV-1 above multiply by Plant Availability If the Plant is available (or deemed to be available) every hour of the month at or above the Guaranteed Capacity, Hai Hua shall pay to the Company 100% of the Capacity Fee for that month. In summary, the Monthly Capacity Fee as stated in Table IV-1 above and payable by Hai Hua to the Company shall be reduced only in the event of a “Plant Unplanned Outage” or “Reduced Capacity” in the following circumstances:
Examples of Plant Availability in a sentence
Seller shall ensure that the conceptual design and detailed design conform to the specifications and terms of the Scope Book, as well as the other requirements of this Agreement, and will enable the Project to meet the Guaranteed LD Performance Test Requirements, Guaranteed PV Plant Availability, Energy Yield Guaranty, and Guaranteed BESS Availability and Seller to achieve Final Completion.
More Definitions of Plant Availability
Plant Availability for each Plant, the ability of such Plant over a particular period of time, to deliver electricity to KPLC’s System at the Plant’s Delivery Point, and the terms “Available” and “Unavailable” as used in the context of each Plant shall be construed accordingly;
Plant Availability the ability of the Plant over a particular period of time, to deliver electricity to KPLC's System at the Delivery Point and the terms;