Sale of Electricity. Throughout the Operations Period, subject to the terms and conditions of this Agreement, Provider shall sell to Host and Host shall buy from Provider all electric energy produced by the Project, whether or not Host is able to use all such electric energy. The Point of Delivery of the electric energy shall be as indicated in Exhibit E. Title to and risk of loss with respect to the energy shall transfer from Provider to Host at the Point of Delivery. Provider shall own the Capacity Value of the Project. The Provider shall sell the capacity of the Project into the Forward Capacity Market (FCM) by the later of twelve (12) months from the Commercial Operation Date or the first date available to participate in the Forward Capacity Auction (FCA); if not, the Provider relinquishes ownership of the Capacity Value of the Project to the Host. The interconnection point of Project with the Local Electric Utility shall be indicated in Exhibit E.
Sale of Electricity. Seller shall sell and Purchaser shall purchase all of the electricity generated and delivered to the Point of Delivery, defined herein, by Seller at its facility for generation of electric power ("the Plant") to be located on land leased from Purchaser which land is more particularly described in Exhibit A, attached hereto and incorporated herein by this reference. Said Plant shall have nameplate rating of 5MW (net-maximum) and shall be fueled by geothermal energy.
Sale of Electricity. Sales commitment
Sale of Electricity. Subject to the terms and conditions of this Agreement, the Existing Contract, and the Tariff, including the Green Tariff, Company shall sell to UK and UK shall buy from Company all electric energy required by UK at the UK Location. Company shall sell such electric energy to UK in compliance with all requirements of Company. The electric energy shall be provided from Company’s electric system to UK at the location of Company’s meters on the UK Location.
Sale of Electricity. The sale of electricity generated by the Power Plant shall be made pursuant to the Operation and Offtake Contract entered into by and between the Company and the Anhui Provincial Electric Power Company.
Sale of Electricity. The electricity sale by the Company and its subsidiaries to Huaneng Group and its subsidiaries and associates is mainly attributable to the demand for participation in the electricity market transactions by local government(s) and electricity trading centres organised in their respective regions. Pursuant to the provisions of the 2019 Huaneng Group Framework Agreement with respect to the sale of electricity by the Company and its subsidiaries to Huaneng Group and its subsidiaries and associates, the cap of the aggregate transaction amount for 2019 was set at RMB900 million. During the period from 1 January 2019 to 30 September 2019, the transaction amount in respect of the sale of electricity by the Company and its subsidiaries to Huaneng Group and its subsidiaries and associates was approximately RMB0. The substantial difference between the estimated transaction amount and the actual transaction amount was primarily due to the adjustments made by the Company based on the actual overall business scale and operation status and the changes in market. For 2020, the transaction amount with respect to sale of electricity by the Company and its subsidiaries to Huaneng Group and its subsidiaries and associates is estimated to be RMB300 million. Such cap is estimated on the basis of the operation targets of power plants and electricity sales companies of the Company to be achieved and the principle of maximising the Company’s interests, according to the trading rules promulgated by the government, sale of electricity to power-consuming enterprises or electricity sales companies of connected persons by power plants or electricity sales companies of the Company. Pursuant to the current transaction settlement method, the Company and its subsidiaries sell electricity to users of connected persons (including Huaneng Group and its subsidiaries and associates) or electricity sales companies, and settle through the grid enterprises in accordance with the contractual agreement between the parties to the transaction. There is no actual settlement relationship between the Company and its connected persons (including Huaneng Group and its subsidiaries and associates), and the transaction amount is determined according to the contractual terms of both parties to the transaction. The Board (including the independent non-executive Directors) is of the view that the transactions for sale of electricity to Huaneng Group and its subsidiaries and associates by the Company and subsid...
Sale of Electricity. Subject to the terms and conditions of this Agreement, the Existing Contract, and the Tariff, including the Green Tariff, Company shall sell to Customer and Customer shall buy from Company all electric energy required by Customer. Company shall sell such electric energy to Customer in compliance with all requirements of Company. The electric
Sale of Electricity. Subject to the terms and conditions of this Agreement, the Existing Contract, and the Tariff, including the Green Tariff, Company shall sell to Dow and Dow shall buy from Company all electric energy required by Dow at the Dow Location. Company shall sell such electric energy to Dow in compliance with all requirements of Company. The electric energy shall be provided from Company’s electric system to Dow at the location of Company’s meters on the Dow’s Location. h measurement shall be in terms he Existing Contract (“Contract
Sale of Electricity. Throughout the Operations Period, subject to the terms and conditions of this Agreement, Seller shall sell to Buyer and Buyer shall buy from Seller, on an annual basis the energy consumed at its net metered accounts, meaning an amount equal to the amount of all of the electric energy consumed by Buyer. Such energy consumed by Buyer shall mean and refer to all electric energy consumed by the Town of Portsmouth and its departments, boards, bodies, and agencies, including the town’s school department, up to 3.6 million kWh per year. The electric energy shall be delivered directly to the Local Electric Utility, and the point of delivery of the electric energy shall be the Project’s busbar on the Buyer’s side of the interconnection point with the Local Electric Utility’s distribution system (the “Point of Delivery”). Buyer shall receive any credits or payments from the Local Electric Utility that may be available under net metering pursuant to a “municipal net metering finance arrangement” under Applicable Law, or similar programs. Buyer shall be responsible for obtaining all of its requirements for electric energy and pay for such service pursuant to contracts with or applicable tariffs of the Local Electric Utility or other Electric Service Provider. Buyer represents and warrants that, as of the date of this Agreement, the amount of electric energy it consumes is approximately 3.6 million kilowatt hours (kWh) per year and that such amount, subject to Section 3(f), is the target load for this Agreement. If Buyer’s load exceeds that target load, Buyer will have discretion regarding how it wants to source that additional load, including possibly from Seller’s project(s). At Seller’s option, to the extent that the electric energy used by Buyer exceeds the electric energy provided by the new turbine associated with the Project (the “New Turbine”), then subject to Section 4(f) Seller may provide any such excess from any of its other turbines, or any turbines owned or operated by Seller or its affiliates or project partners if authorized pursuant to a municipal net metering financing arrangement with Buyer, Seller and the Local Electric Utility, up to 3.6 million kWh per year, in which case Buyer will execute a lease for such other turbine locations (that will not obligate Buyer to make payments or to incur liabilities of any kind other than those already due or incurred under this Agreement) solely so that Buyer will have control (along with other co-tenants at suc...
Sale of Electricity. Contractor agrees to sell, and DOC agrees to purchase, all of the electricity generated by the Solar PV System during the Term at the rate specified in the Contractor's BAFO Cost Submittal, and subject to the terms of the Contractor's BAFO Cost Submittal. Electricity generated by the Solar PV System will be delivered to DOC at the delivery point identified in the RFP (the "Delivery Point") in the form of alternating current. DOC shall be obligated to purchase all of the electricity generated by the Solar PV System, regardless of its electrical demand or any other factor. DOC shall take title to the electricity generated by the Solar PV System at the Delivery Point, and risk of loss will pass from Contractor to DOC at the Delivery Point. Any purchase, sale and/or delivery of electricity generated by the Solar PV System prior to the Initial Energy Delivery Date shall be treated as purchase, sale and/or delivery of limited amounts of test electricity only and shall not indicate that the Solar PV System has been put in commercial operation by the purchase, sale and/or delivery of such test electricity.
