APDCL definition
Examples of APDCL in a sentence
The Solar Power Developer shall be permitted to use ten percent (10%) of the installed capacity for startup after inspection by the concerned officer of APDCL and one hundred and fifteen percent (115%) of such energy provided by APDCL for startup power shall be deducted from the energy pumped in to the grid by the Solar Power Developer for determining the amount payable by APDCL to the Solar Power Developer.
Save as otherwise provided in this Agreement, in the event that any of the defaults specified below shall have occurred, and APDCL fails to cure the default within the Cure Period set forth below, or where no Cure Period is specified, then within a Cure Period of 30 (thirty) days, APDCL shall be deemed to be in default of this Agreement (a "APDCL’s Event of Default"), unless the default has occurred solely as a result of any breach of this Agreement by Solar Power Developer or due to Force Majeure.
Save and except as expressly provided in Articles 14 or unless the context otherwise requires, the respective rights and obligations of the Parties under this Agreement shall be subject to the satisfaction in full of the conditions precedent specified in this Clause 4 (the "Conditions Precedent") by the Solar Power Developer prior to the COD, unless such completion is affected by any Force Majeure event, or if any of the activities is specifically waived in writing by APDCL.
If the dispute is not settled during such discussion, then the payment made by APDCL shall be considered as a payment under protest.
This Agreement shall terminate before the Expiry Date if either APDCL or Solar Power Developer terminates the Agreement, pursuant to Article 16 of this Agreement.
The release of the Performance Security shall be without prejudice to other rights of APDCL under this Agreement.
Provided that, APDCL shall permit assignment of any of Solar Power Developer rights and obligations under this agreement in favor of the lenders to the Solar Power Developer, if required under the financing agreements.
However, in case the entire capacity is commissioned prior to SCD, APDCL may purchase generation at PPA tariff.
Subject to the terms and conditions of this Agreement, the Solar Power Developer undertakes to sell to APDCL and APDCL subject to Clause 5.6 below, undertakes to purchase all the powers supplied at the Delivery Point corresponding to the Contracted Capacity.
Such extension of time by APDCL shall not affect the Commissioning of the Project within the Scheduled Commissioning Date.