Examples of Power Project in a sentence
The SPD shall undertake to establish, construct and operate the Solar Power Project in accordance with applicable Law, the Grid Code, relevant Guidelines of UPERC/CERC/CEA/MNRE/MoP and other relevant authorities, the terms and conditions of this Agreement and Prudent Utility Practices.
If a Force Majeure Event renders the Power Project no longer economically and technically viable and the insurers under the Insurances make payment on a “total loss” or equivalent basis, EDG shall have claim on such proceeds of such Insurance limited to outstanding dues of EDG against SPG.
The synchronization equipment and all necessary arrangements / equipment including RTU for scheduling of power generated from the Project and transmission of data to the concerned authority as per applicable regulation shall be installed by the SPG at its generation facility of the Power Project at its own cost.
In case of the Project being financed through Financing Agreement(s), save as expressly provided in this Agreement or the Insurances, the proceeds of any insurance claim made due to loss or damage to the Power Project or any part of the Power Project shall be applied as per such Financing Agreements.
Designing, constructing, erecting, commissioning, completing and testing the Power Project in accordance with the applicable Law, the Grid Code, the terms and conditions of this Agreement and Prudent Utility Practices.