Transmission License definition

Transmission License means the license granted by the Appropriate Commission in terms of the relevant regulations for grant of such license issued under The Electricity Act, 2003;

Transmission License means the license granted by the Commission in terms of the relevant regulations for grant of such license issued under the Electricity Act;

Transmission License means a license granted under sub- section (1) (a) of section 19;

Examples of Transmission License in a sentence

• Further the Long Term Transmission Customers reserve the right to terminate the Agreement in the event of the revocation of the Transmission License of the TSP by the Appropriate Commission.

• In the event of the revocation of the Transmission License, the Appropriate Commission would take necessary steps as per the provisions of the Electricity Act, 2003.

• However, in the case of default by the TSP in debt repayments, the Appropriate Commission may, on an application from the Lenders, assign the Transmission License to the nominee of the Lenders subject to the fulfilment of the qualification requirements and provisions of the Central Electricity Regulatory Commission (Procedure, terms and Conditions for grant of Transmission License and other related matters) Regulations, 2006 or as amended from time to time.

• The Appropriate Commission may, as per the provisions of the Electricity Act, 2003, revoke the Transmission License of the TSP.

• In case of inconsistencies between the terms and conditions stipulated in Transmission License issued by Appropriate Commission to the TSP, agreement(s) executed between the Parties, applicable Law including rules and regulations framed thereunder, the order of priority as between them shall be the order in which they are placed below:  terms and conditions of Transmission License  applicable Law, rules and regulations framed thereunder,  this Agreement.

More Definitions of Transmission License

Transmission License means a License granted under Section 14 of the Electricity Act, 2003 to transmit electricity;

Transmission License means the license granted by the Appropriate Commission in

Transmission License means a License granted by the Commission under this Law to own or control, and operate, the Transmission Grid, but not to dispatch electricity over the Transmission Grid.

Transmission License means a license authorizing a person to establish and operate transmission lines and the ‘transmission licensee’ shall be construed accordingly.The words and expressions used and not defined in these regulations but defined in the Act or defined in any law applicable to the electricity industry shall have the meanings assigned to them in the Act.3. Interpretation In these regulations, the following shall be interpreted as:

Transmission License or “License” means the authority to be granted by CERC to act as licensee for the Project;

Transmission License means a license authorizing a person to establish and operate transmission lines and the ‘transmission licensee’ shall be construed accordingly.

Transmission License or “License” means the authority to be granted by CERC to act as licensee for the Project ;