Common use of Excess Supply Clause in Contracts

Excess Supply. Any excess supplyover and above 10% of declared annual CUF may be purchased by Nodal Railway at the PPA tariff. However, the SPD shall in format least 30 days in advance of such excess supply to buying Entity, to enable buying Entity to take necessary actions for the acceptance of this excess supplied energy. Buying Entity shall be required to intimate its approval/refusal to the SPD, for buying such excess supply not later than 7 days of receiving the above offer from the SPD. While the SPD would be free to install DC solar field as per his design of requiredoutput, including his requirement of auxiliary consumption, he will not be allowed to sell any excess power to any other entity other than buying Entity. In case at any point of time, the peak of capacity reached is higher than the rated capacity and causes disturbance in the system 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 gridrequirement.

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement