Examples of Reference Site Conditions in a sentence
Components of CPP for any year shall be established on the basis of relevant costs, returns, payments of principal and interest/mark-up rates (as the case may be) apportioned to relevant year and divided by multiplication of i) Net Generation Capacity of Complex (in kilowatts) at Reference Site Conditions, and ii) 8760 hours (equivalent to 100% annual plant factor).
The Private Power and Infrastructure Board (PPIB), Ministry of Water & Power, Government of Pakistan invites technically and financially sound business parties to bid (the “ Bid”) for developing Independent Power Producer (IPP) Projects so as to obtain cumulative power generation capacity of 1000 MW (at Reference Site Conditions), on Build, Own and Operate (BOO) basis (the “Project”).
The results of each Performance Test shall be corrected to the Reference Site Conditions defined herein and this shall be the basis of evaluation.
The tested capacity shall be calculated by taking energy meter reading (electronically obtained) for each half an hour interval and correcting by correction factors corresponding to Reference Site Conditions.
BASIS OF PROPOSED REFERENCE TARIFF The Bidder warrants that the proposed Reference Tariff to be inserted in the tables below, is based on the requirements of the RFP, and includes but not limited to the following specific items: □ All costs, without exception, required to deliver the specified electric energy, taking into consideration degradation of equipment in output and heat rate and based on the Reference Site Conditions defined in Schedule 1 of the PPA.