Examples of QCiL Operations Cessation Event in a sentence
The QCiL Operations Cessation Event provisions (including the compensation provisions) of the DPA will need to distinguish between QCiL Operations Cessation Events that shut down i) the whole Facility (i.e. the Power Plant and Capture Plant) and ii) only the Capture Plant (where it is technically feasible for the relevant Generator to continue running the Power Plant unabated).
Qualifying Shutdown Events: For shutdown events, BEIS intends to follow the AR3 CfD, providing a level of compensation for a Generator if a "QCiL Construction Event" (i.e. a change in law which by its nature prevents a Project which is still in construction from reaching the Start Date) or a "QCiL Operations Cessation Event" (i.e. a change in law which renders it illegal for a Project to continue operating) occurs.