Common use of Provision for Generation Compensation Clause in Contracts

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized for compensating the generation loss. However, it is clarified that if the Project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 3 contracts

Samples: Power Sale Agreement, Power Purchase Agreement, Power Sale Agreement

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Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized by SECI for compensating the generation loss. However, it is clarified that if the Project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. ready, leading to offtake constraint Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized by SECI for compensating the generation loss. However, it is clarified that if the Project project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess constraint generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized by SECI for compensating the generation loss. However, it is clarified that if the Project project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. If the Project plant is ready but the necessary power evacuation/evacuation/ transmission infrastructure is not ready, leading to offtake constraint a. a) The normative CUF of 1915% (nineteen per centNineteen Percent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (threeThree) Contract Years, shall be procured by SECI P&ED at the PPA tariff so as to offset this loss. b. b) If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized by P&ED for compensating the generation loss. However, it is clarified that if the Project project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/inadequate/ incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission transmis sion infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized for compensating the generation loss. However, it is clarified that if the Project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Sale Agreement

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for infrastructure is not ready, leading to offtake constraint the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized for compensating the generation loss. However, it is clarified that if the Project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Purchase Agreement

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Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/evacuation/ transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI RUVNL at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized for compensating the generation loss. However, it is clarified that if the Project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/evacuation / transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized by SECI for compensating the generation loss. However, it is clarified that if the Project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Purchase Agreement

Provision for Generation Compensation. If the Project is ready but the necessary power evacuation/transmission infrastructure is not ready, leading to offtake constraint a. The normative CUF of 19% (nineteen per cent) or committed CUF, whichever is lower, for the evacuation/transmission infrastructure is not ready, leading to offtake constraint period of grid unavailability, shall be taken for the purpose of calculation of generation loss. Corresponding to this generation loss, the excess generation by the SPD HPD in the succeeding 3 (three) Contract Years, shall be procured by SECI at the PPA tariff so as to offset this loss. b. If the transmission delay is directly attributable to the organization building the transmission network and some penalty is imposed on him, then a part of that penalty may be utilized by SECI for compensating the generation loss. However, it is clarified that if the Project project is ready for commissioning prior to the Scheduled Commissioning Date, but the offtake is constrained because of inadequate/incomplete power evacuation infrastructure, no compensation shall be permissible.

Appears in 1 contract

Samples: Power Purchase Agreement

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