Common use of APPLICABLE TARIFF Clause in Contracts

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date of Commissioning. In case the SPD is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961 for the Project, the applicable tariff shall be reduced to Rs.4.75/kWh. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF will be purchased by SECI at a tariff of Rs.3.00/kWh, provided SECI is able to get any buyer for sale of such excess generation 9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from the COD.

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ / kWh [Insert the Tariff discovered through the bidding process conducted byMANIREDAon behalf of MSPDCL, fixed for the entire term of this Agreement, with effect from the Scheduled Date of CommissioningSCD, for the power sold by the SPD to the Buying Entity for the energy as reflected in the Energy Accounts. In case of early part-commissioning, till SCD, subject to the SPD consent for such purchase by the Buying Utility, MSPDCL may purchase the generation @ 75% (seventy-five per cent) of the PPA tariff. However, in case the entire Project capacity is claiming Accelerated Rate commissioned prior to SCD, MSPDCL may purchase energy supplied till SCD at [Insert PPA Tariff]/kWh. In both the cases of Depreciation as per the Income Tax Act 1961 for early part or full commissioning of the Project, the applicable tariff Applicable Tariff for the commissioned Project shall be reduced to Rs.4.75/kWhRs. /kWh [Insert PPA Tariff] from and including the SCD. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF energy specified in Article 4.4.1, will be purchased by SECI at MSPDCLat a tariff of Rs.3.00/kWh75% of the tariff as per Article 9.1, provided SECI is able to get any buyer the Buying Entity consents for sale purchase of such excess generation 9.5 The Selected Project Developers .However, the SPD will not be allowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than MSPDCL(unless refused by MSPDCL). However, the SPD shall inform at least 30 days in advance of such excess generation to buying Entity, to enable buying Entity to take necessary actions for sale of this excess generated energy. Buying Entity shall be required to submit a copy intimate its approval/refusal to the SPD, for buying such excess generation not later than 15days of receiving the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification above offer from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of AgreementSPD. If In case at any stage after COD it is found that in place point of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961time, the applicable Tariff peak of capacity reached is higher than the Solar Power Project shall be reduced Rs 4.75/kWh from rated capacity and causes disturbance in the CODsystem at the point where power is injected, the SPD will have to forego the excess generation and reduce the output to the rated capacity to ensure compliance with grid requirement.

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date of Commissioning. In case the SPD is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961 ▇▇▇ ▇▇▇▇ for the Project, the applicable tariff shall be reduced to Rs.4.75/kWh. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF will be purchased by SECI at a tariff of Rs.3.00/kWh, provided SECI is able to get any buyer for sale of such excess generation 9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961▇▇▇ ▇▇▇▇, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from the COD.

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ / kWh fixed [ Insert the CERC notified / approved Tariff for the entire term of this AgreementSolar PV, less discount offered] with effect from the Scheduled Date of Commissioning. In case the SPD is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961 for the Project, the applicable tariff shall be reduced to Rs.4.75/kWh. 9.2 Provided further that if the as a consequence of delay in Commissioning of the Unit(s) beyond the scheduled commissioning date, subject to Article 4, there is delayed beyond three (3) months from the Scheduled Commissioning Datea change in CERC Applicable Tariff, the changed Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, commissioned shall be reduced the lower of the following: (a) Tariff at 9.1 above (b) CERC Applicable Tariff as on the rate Commissioning Date of half paisa (0.50 paisathe balance Unit(s) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) 18 months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable... 9.4 Any excess generation over and above 10% of declared CUF will be purchased by SECI at a tariff of Rs.3.00/kWh, provided SECI is able to get any buyer for sale of such excess generation 9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term first 05 years from Commercial Operation Date (COD) of Agreementthe 1st Unit of the Solar Power Project Company. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961▇▇▇ ▇▇▇▇, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh stand changed to CERC Tariff for Accelerated Rate of Depreciation from the CODCOD with applicable discount.

APPLICABLE TARIFF. 9.1 The SPD WPD shall be entitled to receive the Tariff of Rs. 5.45/ / kWh [Insert the Tariff discovered through the bidding process conducted by SECI], fixed for the entire term of this Agreement, with effect from the Scheduled Date of CommissioningSCD, for the power sold by the Buyer to the Buying Entity for the scheduled energy as reflected in the REA. In case of early part-commissioning, till the SPD achievement of full commissioning of the Project or SCD, whichever is claiming Accelerated Rate earlier, subject to the consent for such purchase by the Buying Entity, SECI may purchase the generation @ 75% (seventy-five per cent) of Depreciation as per the Income Tax Act 1961 for PPA tariff. Subsequent to the Projectfull commissioning of the Project or the SCD, whichever is earlier, the applicable tariff for power purchase by SECI shall be reduced /kWh [Insert tariff]. Any energy produced and flowing into the grid before SCD shall not be at the cost of SECI. SECI may agree to Rs.4.75/kWhbuy such power provided Buying Entity consent to purchase such energy. However, the WPD will not be allowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI) In cases of early (part or full) commissioning, the WPD shall be required to intimate SECI its proposed date of early commissioning not later than 60 days prior to the proposed commissioning date. SECI shall respond to the WPD not later than 30 days from receipt of the above intimation, regarding its acceptance or refusal to purchase such power from the proposed early commissioning date. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF energy specified in Article 4.4.1, will be purchased by SECI at a tariff of Rs.3.00/kWh75% of the tariff as per Article 9.1, provided SECI is able to get any buyer Buying Entity consent for sale purchase of such excess generation 9.5 The Selected Project Developers will . Any energy produced and flowing into the grid before SCD shall not be required at the cost of SECI. SECI may agree to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreementbuy such power provided Buying Entity consent to purchase such energy. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961However, the applicable Tariff of the Solar Power Project shall WPD will not be reduced Rs 4.75/kWh from the CODallowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI).

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ [Insert applicable tariff]/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date scheduled commissioning date (SCD) subject to the Article 4.6 of Commissioningthis Agreement. In cases of early part-commissioning, till SCD, subject to the consent for such purchase by the AP Discom(s) the NTPC may purchase the generation at 75% (seventy-five per cent) of the PPA tariff. However, in case the SPD entire Project capacity is claiming Accelerated Rate commissioned prior to SCD, NTPC may purchase energy supplied till SCD at [Insert Tariff]/kWh, subject to consent of Depreciation as per the Income Tax Act 1961 AP Discom(s) for the Project, the applicable tariff shall be reduced to Rs.4.75/kWhprocurement of such power. 9.2 Provided further that if If the Commissioning of the Unit(s) is delayed beyond three (3) months 150 days from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 (half) paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four five (2425) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any Subject to adjustment for shortfall in generation provided in Article 4.9.1 in the succeeding three years, the excess generation over and above 10% of declared CUF will energy specified in Article 4. 4.1 read with Article 4.9.1, may, at its option, be purchased by SECI NTPC at a tariff of Rs.3.00/kWh75% of the tariff as per Article 9.1, provided SECI is able to get any buyer AP Discom(s) consent for sale purchase of such excess generation 9.5 The Selected Project Developers . Any energy produced and flowing into the grid before SCD shall not be at the cost of NTPC. NTPC may however agree to purchase such power provided AP Discom(s) consent to purchase such energy. SPD will not be required entitled to submit a copy sell energy generated prior to SCD or excess energy during any Contract Year to any other entity without offering such quantum to NTPC and only if AP Discom(s) desired to purchase such energy NTPC shall have the right to purchase such quantum of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from the CODexcess energy.

APPLICABLE TARIFF. 9.1 The SPD Applicable Tariff under this Agreement shall be paid in two parts, comprising Peak Tariff and Off-Peak Tariff. The HPD shall be entitled to receive the Off-Peak Tariff of Rs. 5.45/ 2.70/kWh fixed for the entire Term of this Agreement, for the energy supplied during the Off-Peak Hours. The HPD shall also be entitled to receive the Peak Tariff of Rs. / kWh [Insert the Peak Tariff discovered through the bidding process conducted by SECI], fixed for the entire term of this Agreement, for the energy supplied during the Peak Hours. The above mentioned Peak and Off-Peak Tariffs shall be applicable with effect from the Scheduled Date of CommissioningSCD, for the power sold by the Buyer to the Buying Entity for the scheduled energy as reflected in the Energy Accounts. In case of early part-commissioning, till SCD, subject to the SPD consent for such purchase by the Buying Utility, SECI may purchase the generation @ 75% (seventy-five per cent) of the respective Peak and Off-Peak Tariffs. However, in case the entire Project capacity is claiming Accelerated Rate commissioned prior to SCD, SECI may purchase energy supplied till SCD at Peak and Off-Peak Tariffs specified above, subject to acceptance of Depreciation as per such power by the Income Tax Act 1961 for Buying Entity. In both the cases of early part or full commissioning of the Project, the applicable tariff Applicable Tariff for the commissioned Project shall be reduced to Rs.4.75constitute Off-Peak Tariff @ Rs. 2.70/kWhkWh and Peak Tariff @ Rs. [Insert Tariff]/kWh from and including the SCD. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF energy specified in Article 4.4.1, will be purchased by SECI at a fixed tariff of Rs.3.00/kWh75% of the Off-Peak Tariff as per Article 9.1, provided SECI is able to get any buyer the Buying Entity consents for sale purchase of such excess generation 9.5 The Selected Project Developers will . Any energy produced and flowing into the grid before SCD shall not be required at the cost of SECI. SECI may agree to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreementbuy such power provided Buying Entity consents to purchase such energy. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961However, the applicable Tariff of the Solar Power Project shall HPD will not be reduced Rs 4.75/kWh from the CODallowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI).

APPLICABLE TARIFF. 9.1 1.1 The Tariff applicable for the sale of Solar Power by SECI to the Buying Entity under this Agreement shall be the Tariff as applicable for payment by SECI to SPD under the terms of the Power Purchase Agreement between SECI and the SPD (Individual SPDs tariff as per schedule B) fixed for entire term of agreement at delivery point, or the Tariff as determined under the Electricity (Amendment) Rules, 2022 issued by Ministry of Power vide Gazette Resolution dated 29.12.2022, including applicable procedure/rules issued thereof, and in addition thereto a trading margin of Seven (7) paisa/kWh shall be payable by the Buying Entity to SECI which SECI shall be entitled to receive appropriate as its income. 1.2 As per provisions of the Tariff PPA, the SPDs are permitted for full as well as part commissioning of the Project even prior to the SCD. In case of early part commissioning of the Project(s) prior to SCD, Buying Entity may purchase the power @75% of the Applicable tariff as per the PPA, plus SECI’s Trading Margin of Rs 0.07/kWh (Seven Paisa per kWh). However, in case of early full commissioning of the Project(s) prior to SCD, Buying Entity may purchase the power at the Applicable tariff as per the PPA, plus SECI’s Trading Margin of Rs 0.07/kWh (Seven Paisa per kWh) and post SCD, Buying Entity shall purchase the power at the Applicable tariff as per the PPA, plus SECI’s Trading Margin of Rs. 5.45/ kWh fixed for 0.07/kWh. It may be further clarified that irrespective of part or full commissioning of the entire term of this Agreementproject, with effect from the Scheduled Date of Commissioning. In case the SPD is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961 for the Project, the applicable full tariff shall be reduced to Rs.4.75applicable from the date of SCD. 1.3 While calculating the above value of 75% of the PPA tariff, the digits after 2 decimal places will be ignored. For eg., in case the value of 75% of the PPA tariff is calculated as 2.4567/kWh. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given tariff applicable for purchase in Article 9.1, for the Unit(scase of early commissioning will be read as Rs. 2.45/kWh. Trading margin of Rs 0.07/kWh (Seven Paisa per kWh) not commissioned, shall be reduced at the rate of half paisa (0.50 paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation applicable over and above 10% of declared CUF will be purchased by SECI at a tariff of Rs.3.00/kWh, provided SECI is able to get any buyer for sale of such excess generation 9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from the CODtariff.

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the levelised Tariff of Rs. 5.45/ [Insert applicable tariff]/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date actual commissioning date subject to the Article 4.6 of Commissioningthis Agreement. In cases of early part-commissioning, till SCD, subject to the consent for such purchase by the Discom(s) the NTPC may purchase the generation at 75% (Seventy Five per cent) of the Applicable tariff. However, in case the SPD entire Project capacity is claiming Accelerated Rate commissioned prior to SCD, NTPC may purchase energy supplied till SCD at [Insert PPA Tariff]/kWh, subject to consent of Depreciation as per the Income Tax Act 1961 Discom(s) for the Project, the applicable tariff shall be reduced to Rs.4.75/kWhprocurement of such power. 9.2 Provided further that if If the Commissioning of the Unit(s) is delayed beyond three (3) months 150 days from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 (half) paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four [Insert Twenty Five/Twenty Seven (2425/27) months but after changed tariff period, based on capacity of project as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicableper RFS Document]. 9.4 Any Subject to adjustment for shortfall in generation provided in Article 4.9.1 in the succeeding three years, the excess generation over and above 10% of declared CUF will energy specified in Article 4. 4.1 read with Article 4.9.1, may be purchased by SECI NTPC at a 75% of the applicable tariff of Rs.3.00/kWhas per Article 9.1, provided SECI is able to get any buyer Discom(s) consent for sale purchase of such excess generation 9.5 The Selected Project Developers will . Excess Generation by SPD if any may be required to submit a copy procured by NTPC on advance consent of the audited annual accounts along with tax audit report supplemented with calculation of DepreciationBeneficiary Discom(s), Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from calculated only on Annual basis over committed CUF, under advanced written intimation of possible excess generation by SPD at 75% of applicable tariff under Clause 4.9. Any energy produced and flowing into the CODgrid before SCD shall not be at the cost of NTPC. NTPC may however agree to purchase such power provided Discom(s) consent to purchase such energy. SPD will not be entitled to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity without offering such quantum to NTPC and only if Discom(s) desired to purchase such energy NTPC shall have the right to purchase such quantum of excess energy at the same Tariff as applicable to the contracted capacity.

APPLICABLE TARIFF. ‌‌ 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ [Insert applicable tariff]/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date SCD subject to the Article 4.6 of Commissioningthis Agreement. In cases of early part-commissioning, till SCD, subject to the consent for such purchase by the Buying Utility, the SECI may purchase the generation at 75% (seventy-five per cent) of the PPA tariff. However, in case the SPD entire Project capacity is claiming Accelerated Rate commissioned prior to SCD, SECI may purchase energy supplied till SCD at [Insert Tariff]/kWh. In both the cases of Depreciation as per the Income Tax Act 1961 for early part or full commissioning of the Project, the applicable tariff Applicable Tariff for the commissioned Project shall be reduced to Rs.4.75/kWh[Insert Tariff]/kWh from and including the SCD. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months 90 days from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 (half) paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four (24) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF energy specified in Article 4.4.1, will be purchased by SECI at a tariff of Rs.3.00/kWh75% of the tariff as per Article 9.1, provided SECI is able to get any buyer Buying Utility consent for sale purchase of such excess generation. Any energy produced and flowing into the grid before SCD shall not be at the cost of SECI. SECI may agree to buy such power provided Buying Utility consent to purchase such energy. However, the SPD will not be allowed to sell energy generated prior to SCD or excess energy during any Contract Year to any other entity other than SECI (unless refused by SECI). 9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961, the applicable Tariff of the Solar Power Project shall be reduced Rs 4.75/kWh from the CODNot Used.

APPLICABLE TARIFF. 9.1 The SPD shall be entitled to receive the Tariff of Rs. 5.45/ [Insert applicable tariff]/ kWh fixed for the entire term of this Agreement, with effect from the Scheduled Date COD subject to the Article 4.6 of Commissioning. In case the SPD is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961 for the Project, the applicable tariff shall be reduced to Rs.4.75/kWhthis Agreement. 9.2 Provided further that if the Commissioning of the Unit(s) is delayed beyond three (3) months from the Scheduled Commissioning Date, the Applicable Tariff given in Article 9.1, for the Unit(s) not commissioned, shall be reduced at the rate of half paisa (0.50 (half) paisa) per unit per day of such delay and for such Unit(s). 9.3 In the event of change in tariff due to delay in commissioning of Unit(s), the Weighted Average Tariff for the Contracted Capacity shall be applied considering Capacity of Units commissioned before and after the Scheduled Commissioning Date within twenty four five (2425) months but after changed tariff period, as Weights for determination of Weighted Average Tariff for the period when both the tariffs are applicable. 9.4 Any excess generation over and above 10% of declared CUF will be purchased by SECI at a tariff of Rs.3.00/kWh, provided SECI is able to get any buyer for sale of such excess generation. Any energy produced and flowing into the grid before CoD shall not be at the cost of SECI under this scheme and developers will be free to make short-term sale to any organisation or individual. SECI may agree to buy this power as a trader if they find it viable outside this scheme. 9.5 The Selected Project Developers will be required to submit a copy of the audited annual accounts along with tax audit report supplemented with calculation of Depreciation, Certification from Chartered Accountant towards claim of Accelerated Rate of Depreciation and a copy of Income Tax return for the Term of Agreement. If at any stage after COD it is found that in place of Normal Rate of Depreciation (based on which the Solar Power Project Company was selected) the Solar Power Project Company is claiming Accelerated Rate of Depreciation as per the Income Tax Act 1961▇▇▇ ▇▇▇▇, the applicable Tariff entire VGF amount along with interest rate of 15% shall has to be repaid by the Solar Power Project SPD to the SECI. The interest shall be reduced Rs 4.75/kWh calculated from the CODdate of disbursement of VGF. If such amount is not paid by the SPD, same shall be adjusted to the power sale revenue to be paid by SECI to the SPD.