CRS. 5.15.1 In case the Commissioning of the PHESS is delayed beyond the date as indicated in 5.15.1, (that is 180 days from SCOD) the Contracted Capacity shall stand reduced/ amended to the Capacity Commissioned and the ESFA for the balance capacity will stand terminated and shall be reduced from the selected Contracted Capacity. 5.15.2 The maximum time period allowed for achievement of Commercial Operation Date with payment of Liquidated Damages shall be limited to 6 months from the SCOD (For example, if the signing of ESFA is 1st April 2024, then 5.15.3 SCOD shall be 31st March 2028, irrespective of holidays.). In case, the achievement of COD is delayed beyond 6 months from the SCOD, it shall be considered as a Developer Event of Default and provisions of Article 16 shall apply.
Appears in 2 contracts
Sources: Pumped Hydro Energy Storage Facility Agreement, Pumped Hydro Energy Storage Facility Agreement