Buying Entity definition

Buying Entity means Distribution companies and shall include wherever admissible the Distribution licensees or buying entity in any State or any bulk consumer who agreed to purchase the solar power from SECI and execute the Power Sale Agreement from time to time with SECI, and requires Solar power to fulfil its solar RPO under respective RPO regulations;

Buying Entity means any Discom that requires wind power to fulfil its non- solar RPO under respective RPO regulations.

Buying Entity means Distribution companies and shall include wherever admissible the Distribution licensees or buying entity in any State or any bulk consumer who agreed to purchase the Wind Power from SECI and execute the Power Sale Agreement from time to time with SECI, and requires Wind Power to fulfil its non-solar RPO under respective RPO regulations or to meet demand requirement;

Examples of Buying Entity in a sentence

• The SPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission.

• If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI after obtaining consent of Buying Entity and there shall not be any liability (to SECI/Buying Entity) arising out of such termination.

• Such shortfall shall be permissible up to 20% below the energy requirement by the Buying Entity during Peak Hours, on a monthly basis.

• The SPD is mandated to deliver up to 1000 kWh of energy per MW rated Project capacity of the project in AC terms, during Peak Hours as per the schedule given by the Buying Entity (i.e., For each 100 MW of project capacity, SPD shall supply up to 100,000 kWh of energy during Peak Hours), on a daily basis.

• In case of any shortfall in supply of Power during the Peak Hours as notified by the Buying Entity, from the mandated supply of energy (i.e. up to 100 MWh for each 100 MW capacity), the SPD shall pay a penalty corresponding to the energy shortfall, calculated as 1.5 x PPA Tariff.

More Definitions of Buying Entity

Buying Entity or “Buying Utility” shall mean an End Procurer as defined in the Guidelines who has agreed to purchase the Solar Power from SECI and has signed/will sign the Power Sale Agreement with SECI. It is clarified that all obligations of SECI under this Agreement shall be deemed to be the obligations of Buying Entities with which SECI has signed/will sign Power Sale Agreement.

Buying Entity means an End Procurer as defined in the Guidelines.

Buying Entity means any Discom that requires wind power to fulfil its non-solar RPO under respective RPO regulations;

Buying Entity means an Entity that requires Solar Power to fulfil its solar RPO under respective RPO regulations and intend to buy at least …….MW of Solar Power under this RfS.

Buying Entity. Means any entity that requires wind power to fulfil its non-solar RPO under respective RPO regulations and intend to buy at least 10 MW of wind power under this scheme.

Buying Entity means DISCOM / State Entity/Bulk consumer who have signed the agreement with SECI;

Buying Entity means any Discom/Bulk consumer or any other third-party consumer that, directly or through SECI, utilizes the BESS for meeting its power on demand requirements.