Examples of SPV in a sentence
The reactive power charges (including penalty to any governmental authority for excess reactive power drawn) and charges against power drawn from grid as per CERC / MERC regulations, shall be payable by the SPV as per provisions herein.
SPV shall not create or permit to subsist any encumbrance over all or any of its rights and benefits under this PPA, other than as set forth in Article 15.1 and the XXXXX C Guidelines.
The SPV shall be responsible for the delivery of energy conforming to the ‘Performance Standards for Transmission and Bulk Supply’ as approved by MERC.
In addition, the SPV shall ensure compliance with the requirements of MNRE for availing CFA.
The SPV shall maintain the Power Factor as per the prevailing MERC / CERC regulations and as may be stipulated / specified by STU/MSEDCL from time to time.