Common use of Offtake constraints due to Backdown Clause in Contracts

Offtake constraints due to Backdown. The SPG and MSEDCL shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In the eventuality of backdown, subject to the submission of documentary evidences from the competent authority, the SPG shall be eligible for a minimum generation compensation, from MSEDCL, restricted to the following and there shall be no other claim, directly or indirectly against MSEDCL: Duration of Backdown Provision for Generation Compensation Hours of Backdown during a monthly billing cycle. Mininum Generation Compensation = 50% of [(Average Generation per hour during the month) X (number of backdown hours during the month)] X PPA tariff Where, Average Generation per hour during the month (kWh) = Total generation in the month (kWh) ÷ Total hours of generation in the month The SPG shall not be eligible for any compensation in case the Backdown is on account of events like consideration of grid security or safety of any equipment or personnel or other such conditions. The Generation Compensation shall be paid as part of the energy xxxx for the successive month after JMR.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Offtake constraints due to Backdown. The SPG and MSEDCL shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission. In the eventuality of backdown, subject to the submission of documentary evidences from the competent authority, the SPG shall be eligible for a minimum generation compensation, from MSEDCL, restricted to the following and there shall be no other claim, directly or indirectly against MSEDCL: Duration of Backdown Provision for Generation Compensation Hours of Backdown during a monthly billing cycle. Mininum Generation Compensation = 50% of [(Average Generation per hour during the month) X (number of backdown hours during the month)] X PPA tariff Where, Average Generation per hour during the month (kWh) = Total generation in the month (kWh) ÷ Total hours of generation in the month The SPG shall not be eligible for any compensation in case the Backdown is on account of events like consideration of grid security or safety of any equipment or personnel or other such conditions. The Generation Compensation shall be paid as part of the energy xxxx bill for the successive month after JMR.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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