Power Purchases definition
Examples of Power Purchases in a sentence
On the other hand, the Power Purchases contemplated under the Rooftop Photovoltaic Power Generation Project Agreement would secure the sale of electricity by the Group once the rooftop solar photovoltaic power systems have achieved on-grid connection and commenced commercial operation.
On the other hand, the Power Purchases contemplated under the Rooftop Photovoltaic Power Generation Project Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules.
For the purposes of this Agreement, the Base Capacity Price shall be 1.94(cent) per kWh. The Base Capacity Price is the capacity price currently Published in the Annual Capacity-Payment Schedule for Standard Offer No: 2 Firm Power Purchases, effective February 14, 1983 for 30-year power purchase contracts with an initial date of operation in 1984.
In addition, Gram Capital identified a transaction involving sale of electricity generated by rooftop photovoltaic power plants installed at the rooftops leases by the counterparty to the agreement which is similar to the Power Purchases contemplated under the Rooftop Photovoltaic Power Generation Project Agreement, entered into by a company listed on the Shanghai Stock Exchange, the duration of which was 20 years.
A comparatively long duration of the Power Purchases contemplated under the Rooftop Photovoltaic Power Generation Project Agreement will bring to the Group a long term and sustainable source of income.
Taking into account of the above, Gram Capital confirms that the duration of the Rooftop Photovoltaic Power Generation Project Agreement in relation to the Power Purchases, which is longer than three years, is required and it is normal business practice for agreements of this type to be of such duration.
The Energy Manager shall on and after the Closing Date establish and maintain an information system to provide storage and real time retrieval for Authority review and copying of operating data relating to (i) cost and quantities of Fuel Supply and Power Purchases, (ii) revenues from and quantities of Off-System Sales and (iii) the performance by the Energy Manager of its obligations hereunder, including, but not limited to, all information necessary to verify calculations made pursuant to this Agreement.
In assessing the reasons for the duration of the Rooftop Photovoltaic Power Generation Project Agreement in relation to the Power Purchases to be longer than three years, Gram Capital considered the following factors: • As the designed life of photovoltaic power plant/system shall not be less than 25 years, the Directors expected that there should not be material difference between the designed life and duration of the operations of photovoltaic power plant/system.
Appendix D, Power Purchases By Company, of the Amended PPC is deleted in its entirety and replaced by Attachment D, which is attached hereto and made a part hereof.
Each capacity period payment is calculated pursuant to the following formula: Monthly Capacity Period = A x B x C x D Payment Where A = Capacity Price specified in Section 15.1 based on the Capacity Payment Schedule contained in Edison's Standard Offer No. 2 for Firm Power Purchases in effect at the time of Amendment No. 1 execution.