Declared CUF definition

Declared CUF means the % capacity utilization factor of the project mentioned in Clause No. 5.4.2 of the PPA and which shall be allowed to revise the same only once at the time of first anniversary of the project i.e. on completion of 1 year from COD. Such revision of the CUF shall be done within 1 month of completion of 1 (one) year from COD and no such revision shall be allowed thereafter and it shall remain unchanged for the balance term of the PPA.

Declared CUF means CUF declared by Successful Bidder based on AC capacity as per Clause 3.9.3.

Declared CUF means the % capacity utilization factor of the project mentioned in Clause No. 5.6.1 of the PPA and which shall be allowed to revise the same once within first three years of COD. Such revision of the CUF shall be done within completion three years from COD and no such revision shall be allowed thereafter and it shall remain unchanged for the balance term of the PPA.

Examples of Declared CUF in a sentence

• The Power Producer shall maintain generation so as to achieve annual CUF within + 10% (maximum CUF) and -15% (minimum CUF) of the Declared CUF till the end of 10 years from COD, subject to the annual CUF remaining minimum of 17%, and within +10% (maximum CUF) and -20% (minimum CUF) of the Declared CUF of the annual CUF thereafter till the end of the PPA duration of 25 years.

• Thereafter, the Declared CUF for the Project shall remain unchanged for the entire term of the PPA.

• The draft PPA contains the following relating to variation of declared CUF of the Project: “4.6. Solar Power Developer shall maintain generation so as to achieve minus five percent (-5%) variation of the Declared CUF.

• If the plant is ready but the necessary power evacuation/ transmission infrastructure beyond Delivery Point is not ready, leading to offtake constraint a) The normative CUF of 19% (nineteen per cent) or Declared CUF, whichever is lower, for the period of grid unavailability beyond Delivery Point, shall be taken for the purpose of calculation of generation loss.

• In case the generation is over and above 10% of Declared CUF, the Successful Bidder will be free to sell it to any other entity provided first right of refusal will vest with TPL.

• Procurement of any excess generation over and above 19% of annual CUF till the Declared CUF shall be purchased by AEML at its discretion at the PPA tariff.

• Any excess generation above the Declared CUF shall be purchased by AEML at its discretion at a fixed tariff of 75% of the PPA tariff.

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• In case the generation is over and above 10% of Declared CUF, the Successful Bidder(s) will be free to sell it to any other entity provided first right of refusal will vest with TPL-D.

• Clause NoOriginal LanguageProposed Amendment (Changes required are in bold and underlined)4.6Solar Power Developer shall maintain generation so as to achieve minus five percent (-5%) variation of the Declared CUF.

More Definitions of Declared CUF

Declared CUF means the CUF declared by the SPD and considered by the HERC for the purpose of determination of tariff for the Solar Power Project.” (Emphasis supplied)

Declared CUF means the % capacity utilization factor of the project mentioned in Schedule 4 of the PPA and which shall remain unchanged for the entire term of the PPA.

Declared CUF means the % capacity utilization factor of the project mentioned in Schedule 4 of the PPA and shall be allowed to be modified until 1 year after Commercial Operation Date of the project / part thereof and thereafter which shall remain unchanged for the entire term of the PPA.

Declared CUF means the % capacity utilization factor of the project mentioned in Schedule 4 of the PPA and shall be allowed to be modified until 1 year after Commercial Operation Date of the project / part thereof and thereafter which shall remain unchanged for the entire Term of the PPA.

Declared CUF means the % capacity utilization factor of the project mentioned in Clause No. 5.5.1 of the PPA and which shall be allowed to revise the same once within first three years of SCD. Such revision of the CUF shall be done within completion three years