Examples of Short-term procurement in a sentence
Government of India on 30.03.2016, has notified the “Guidelines for Short Term Procurement of Power by Distribution Licensees through Tariff based Bidding Process”.
SRLDC has further submitted that the Ministry of Power vide Resolution dated 21.2.2022 notified amendment to the Guidelines for Short Term Procurement of Power by the Distribution licensees through tariff based biddings to address the sale of power by the generators in the market without consent of the procurers and the said amendment in principle support the action of SRLDC to seek consent of the buyers for allowing the request for downward revisions.
On February 19, 2004, SCE filed a Petition for Modification (PFM) of D.03‑12‑062 (the 2004 Short Term Procurement Plan Decision).
Learned counsel added that as regards inclusion of the deviations from GUVNL’s side, it is in line with the spirit of the provisions of the Ministry of Power’s Guidelines for Short- Term Procurement of Power by Distribution licensees – upon which the RfP & agreement was based – which required both the parties to ensure that the actual schedule does not deviate by more than 15% of the contracted power.
For the remaining Financial Bids of Qualified Bidders received under Short Term Procurement, the procedure specified from Clause 4.21.12 shall apply.
In the event, a Bidder wishes to submit Bid for both Short Term Procurement and Long Term Procurement, the Bidder shall be required to submit one (1) Non-Financial Bid (Envelope I) and separate financial bids i.e. Envelope IIA (Short Term Procurement) and Envelope IIB (Long Term Procurement) in separate sealed envelopes as per the provisions of Clause 4.12.5 (B) and Clause 4.14 of this RFP.
Based on the Quoted Tariff provided by the Bidders, the Levelized Tariff (for Long Term Procurement) and Adjusted Quoted Tariff (for Short Term Procurement) shall be separately calculated for the term of the PPA as per the methodology mentioned below.
In accordance with the Clause 4 of the Guidelines for Short Term Procurement of Power by Distribution Licensee through Tariff Based bidding process issued by Ministry of Power, the Petitioner has filed the present Petition for approval of Short- Term Power Purchase Arrangement for the period from 15.03.2021 to 30.06.2021.
In the event of two (2) or more Bidders are having the same Levelized Tariff (in case of Long Term Procurement)/same Adjusted Quoted Tariff (in case of Short Term Procurement), the Bidder with the lowest levelized energy charges (in case of Long Term Procurement)/lowest quoted energy charges (in case of Short Term Procurement) shall be declared as the Successful Bidder.
On February 19, 2004, SCE filed a PTM D.03‑12‑062 (the 2004 Short Term Procurement Plan Decision).