Generation Licences definition
Examples of Generation Licences in a sentence
EMGL has been duly licensed to generate electricity and each of EGL and each Borrower has been duly licensed to conduct its business as presently conducted, no notice has been given to revoke the Generation Licence and no modification of or amendment to any of the terms or any Generation Licences has been made or proposed by the Secretary of State or any other person having a right to do so which has a Material Adverse Effect.
Additionally, two sets of provisions were included in the new Generation Licences which applied only to the PPA Generators: o These generators were relieved of their obligations under Condition 17, Cost Reflective Bidding in the Single Electricity Market, in respect of the legacy PPA generating units.