Examples of PPA in a sentence
The SPD shall construct, operate and maintain the Project during the term of PPA at his cost and risk including the required Interconnection Facilities and in close co- ordination with CTU/STU/DISCOM’s feasibility.
The Performance Security is furnished to APDCL in the form of three (3) Bank Guarantees in favor of “Chief General Manager (NRE)” of APDCL as per the format provided in Schedule 3 and having validity up to twenty two (22) months from the Date of Signing of PPA.
However, in case the entire capacity is commissioned prior to SCD, APDCL may purchase generation at PPA tariff.
In case of early part – commissioning, till SCD, APDCL may purchase generation till SCD, at 75% of PPA tariff.
The amount of compensation shall be computed at the rate equal to the compensation payable by the SPD, subject to a minimum of 25% of the PPA tariff.