Gross Calorific Value (GCV) definition

Gross Calorific Value (GCV) or “Gross Heating Value (GHV)” means the number of kilocalories evolved by the complete combustion of one (1) Standard Cubic Metre of Gas with air at Standard Temperature and Pressure and all the water formed by combustion reaction has condensed to liquid and has released its latent heat.
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Gross Calorific Value (GCV) quantity of heat, expressed in kWh, which would be generated by the complete combustion in air of one m3(n) of dry Gas at a constant pressure equal to one point zero one thousand three hundred and twenty-five (1.01325) bar, with the Gas and air being at an initial temperature of zero
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Gross Calorific Value (GCV) means that quantity of heat measured in kWh produced by the complete combustion of 1 (one) Cubic Metre (1m3) of Natural Gas at 0°C (zero degrees Celsius) and an absolute pressure of 1.01325 (one decimal zero one three two five) bar with excess air at the temperature of 25°C (twenty-five degrees Celsius) and a pressure of 1.01325 (one decimal zero one three two five) bar when the products of combustion are cooled at 25°C (twenty-five degrees Celsius) and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapour as the Natural Gas and air before combustion;
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Examples of Gross Calorific Value (GCV) in a sentence

  • A reference to a quantity of Gas means that quantity in MMBtu; and MMBtu shall mean MMBtu on a Gross Calorific Value (GCV).

  • A factor of 1 MSCM = 39.68254 MMBTU will be used for invoicing purpose linked with Gross Calorific Value (GCV) of 10,000 Kcal/SCM.

  • In addition to the Contract Gas Price, each Bidder acknowledges and agrees that it shall be liable to pay the marketing margin of USD 0.20/MMBTU on Gross Calorific Value (GCV) basis.

  • The Gross Calorific Value (GCV) is the heat produced in kCal by complete combustion of one Kg of fuel.

  • The Commission has verified the actual fuel price and Gross Calorific Value (GCV) of fuels from the actual fuel bills submitted by APGCL.

  • Fiscal Impact: Staff does not expect to experience any fiscal impact associated with the approval of the agreement with EDCAQMD since incentive funds, estimated to be $147,825, will be issued to EDCAQMD directly.

  • Another important determining factor of tariff determination is Gross Calorific Value (GCV) of Biomass fuel, for which also the Generators have made varying submissions.

  • The details of the weighted average Gross Calorific Value (GCV) and the price of gas, as submitted by the Petitioner and the Commission’s analysis, are discussed in subsequent paragraphs.

  • The alert describes how: in a significant number of cases, two sets of Test Reports (certificate of sampling and analysis) issued at the Load Port by two different testing agencies for the same consignment of coal have been recovered – one showing lower Gross Calorific Value (GCV) and the other higher GCV.

  • The responsible SCS employee will then communicate with the Business Office regarding the payment of these expenses.


More Definitions of Gross Calorific Value (GCV)

Gross Calorific Value (GCV). The quantity of heat produced by full stoichiometric combustion through gas of one (1) regular cubic metre of Natural Gas at a stable and absolute pressure of 1.01325bar, when the initial temperature of the fuel mix and the Formatted: Highlight final temperature of the products of the combustion is considered to be zero (0) degrees Celsius and the water produced upon combustion is found concentrated in the liquid state. A regular cubic metre is considered the quantity of natural gas mass that under conditions of absolute pressure of 1.01325bar and temperature at zero (0) degrees Celsius occupies volume equal to one (1) cubic metre. Direct Lines: Natural gas pipelines, complementing the NNGS or other INGS, which are constructed by Natural Gas Undertakings for supplying their Eligible Customers or by the Eligible Customers for their supply from Natural Gas Undertakings, when such customers are not included in the NNGS or another INGS. The Direct Lines constitute an INGS and may be supplied from the NNGS or the Natural Gas System of another country.
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Gross Calorific Value (GCV) quantity of heat, expressed in kWh, which would be generated by the complete combustion in air of one m3(n) of dry Gas at a constant pressure equal to one point zero one thousand three hundred and twenty-five (1.01325) bar, with the Gas and air being at an initial temperature of zero (0) degrees Celsius, all the combustion products being brought down to zero (0) degrees Celsius, the water vapor formed during combustion being returned to a liquid state, and all other products being in a gaseous state. Gross Calorific Value at 25 degree Celcius (GCV 25°C): quantity of heat, expressed in kWh, which would be generated by the complete combustion in air of one m3(n) of dry Gas at a constant pressure equal to one point zero one thousand three hundred and twenty-five (1.01325) bar, with the Gas and air being at an initial temperature of twenty-five (25) degrees Celsius, all the combustion products being brought down to twenty- five (25) degrees Celsius, the water vapour formed during combustion being returned to a liquid state, and all other products being in a gaseous state. Guarantee: guarantee provided by the Shipper to GRTgaz as defined in the Sub-clause entitled “Payment Guarantee” in the Section A.
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Gross Calorific Value (GCV) means the amount of energy released, as heat, by the complete combustion of a defined air-gas mixture, in constant pressure, and with all combustion products returning to the initial temperature of the reactants, with the water formed in the combustion being in liquid state. The GCV shall be determined based on the ISO 6976:1995 method or its subsequent revisions, on dry basis, with rounding to the first full digit. Its unit of measurement is kcal/m³ (kilocalorie per cubic meters).
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Related to Gross Calorific Value (GCV)

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Baseline Value for each of the Company and the Peer Companies means the dollar amount representing the average of the Fair Market Value of one share of common stock of such company over the five consecutive trading days ending on, and including, the Effective Date.

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.

  • Adjusted Net Operating Income or “Adjusted NOI” means, for any period, the Net Operating Income of the applicable Hotel Properties for such period, subject to the following adjustments:

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • SPS AER Value means the Underlying Reference Value.

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Adjusted Total Assets means, for any Person, the sum of:

  • Total Asset Value means as of any date of determination the sum (without duplication) of all of the following of the Borrower, the REIT Guarantor and their Subsidiaries on a consolidated basis determined in accordance with GAAP applied on a consistent basis: (a) cash and Cash Equivalents, plus (b) with respect to each Property (other than Development Properties, the Market Square Property and Properties with a negative Net Operating Income) owned for four (4) consecutive fiscal quarters by the Borrower, the REIT Guarantor or any of their respective Subsidiaries, the quotient of (i) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (ii) the applicable Capitalization Rate, plus (c) with respect to each Property acquired during the most recent four (4) fiscal quarters of the Borrower, the greater of (i) the quotient of (A) Net Operating Income less Capital Reserves attributable to such Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the applicable Capitalization Rate, and (ii) the undepreciated GAAP book value (after taking into account any impairments) of such Property, plus (d) with respect to the Market Square Property, the greater of (1) the quotient of (A) Net Operating Income less Capital Reserves attributable to the Market Square Property (without regard to its occupancy) for the prior fiscal quarter of the Borrower most recently ended times four (4), divided by (B) the Capitalization Rate for CBD or Urban Infill Properties, and (2) the undepreciated GAAP book value (after taking into account any impairments) of the Market Square Property, plus (e) the undepreciated GAAP book value (after taking into account any impairments) for Construction-In-Process for Development Properties, plus (f) the undepreciated GAAP book value (after taking into account any impairments) of Unimproved Land. The Borrower’s pro rata share of assets held by Unconsolidated Affiliates (excluding assets of the type described in the immediately preceding clause (a)) will be included in Total Asset Value calculations consistent with the above described treatment for wholly owned assets. For purposes of determining Total Asset Value, Net Operating Income from Properties acquired or disposed of by the Borrower, any Subsidiary of the Borrower or any Unconsolidated Affiliate during the immediately preceding four (4) fiscal quarters of the Borrower shall be excluded from clause (b) above. For purposes of determining Total Asset Value, Total Asset Value attributable to the following investments in excess of the limitations set forth below shall be excluded from Total Asset Value:

  • Acceptable earned value management system means an earned value management system that generally complies with system criteria in paragraph (b) of this clause.

  • Consolidated Total Asset Value means, without duplication, as of any date of determination, for the Consolidated Parties on a consolidated basis, the sum of: (a) the Operating Property Value of all Real Properties (other than Development/Redevelopment Properties); (b) the amount of all Unrestricted Cash; (c) the book value of all Development/Redevelopment Properties, mortgage or real estate-related loan assets and undeveloped or speculative land; (d) the contract purchase price for all assets under contract for purchase (to the extent included in Indebtedness); and (e) the Borrower’s applicable Unconsolidated Affiliate Interests of the preceding items for its Unconsolidated Affiliates.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • net non-operating income means the difference between:

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Gross Heating Value means the total heat expressed in megajoules per cubic metre (MJ/m³) produced by the complete combustion at constant pressure of one (1) cubic metre of gas with air, with the gas free of water vapour and the temperature of the gas, air and products of combustion at standard temperature and all water formed by the combustion reaction condensed to the liquid state;

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • Half-value layer (HVL) means the thickness of specified material which attenuates the beam of radiation to an extent such that the AKR is reduced by one-half of its original value. In this definition, the contribution of all scattered radiation, other than any which might be present initially in the beam concerned, is deemed to be excluded.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • State average adjusted property tax base per square mile means the sum of

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).