Hydropower Project definition

Hydropower Project means either: (a) a new hydropower facility, including impoundment facilities, diversion facilities, and pumped storage facilities that use the flow of water to generate electricity or storage, at an existing dam; or (b) a project that involves construction, repair, maintenance, or significant expansion of turbines at an existing hydropower facility, including impoundment facilities, diversion facilities, and pumped storage facilities that use the flow of water to generate electricity or storage, located at an existing dam or of an existing hydropower dam (a “Modernized or Retooled Hydropower Project”).

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Hydropower Project means the hydropower station project located in Jiulongshan, legally owned and operated by the Object Company.

Hydropower Project means the hydropower project located in Qingtian Wuliting, legally owned and operated by the Object Company.

Examples of Hydropower Project in a sentence

• If the Date of First Operation of the Project as recorded by PJM-EIS GATS or M-RETS (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled) occurred prior to the date that is thirty (30) days of the Commission Bid Approval Date, then the Mid-Year MES Confirmation shall not be required.

• A Modernized and Retooled Hydropower Project must demonstrate that as a result of the Modernized or Retooled activities the annual Actual Production from the Project has increased by at least 30%.

• For avoidance of doubt, no verification of this requirement is expected to be performed by the IPA subsequent to the initial verification following the Date of First Operation (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled).

• If Seller has committed to fulfill a higher requirement than the Minimum Equity Standard for the Project under the RFP, Seller shall provide to Buyer and the IPA information and documents sufficient to verify the fulfillment of such attributes within thirty (30) days of the Date of First Operation (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled).

• If the Date of First Operation of the Project as recorded by PJM-EIS GATS or M-RETS (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled) occurred prior to December 15, 2022, then the Minimum Equity Standard shall not apply.

• Such documentation and verification must be provided to the IPA within the later of: five (5) Business Days of the Effective Date of this Agreement or within five (5) Business Days of: the Date of First Operation of the Project (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled).

• Such information and documents shall be provided within thirty (30) days of the Date of First Operation (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled).

• Further, if construction of the Project spans multiple delivery years, then fulfillment of this commitment shall be measured for the entirety of the period for which Construction Activities occurred up through the Date of First Operation (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled) and not for each delivery year separately.

• Notwithstanding the foregoing, if the Date of First Operation of the Project as recorded by PJM-EIS GATS or M-RETS (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled) occurred prior to the date that is thirty (30) days of the Commission Bid Approval Date, then the MES Compliance Plan shall not be required.

• If the Date of First Operation of the Project as recorded by PJM-EIS GATS or M-RETS (or the Hydropower Refurbishment Completion Date if the Project is a Hydropower Project that is newly Modernized or Retooled) occurred prior to the date that is thirty (30) days of the Commission Bid Approval Date, then the MES Report shall be submitted as soon as practicable on or around the date that is thirty (30) days after the Commission Bid Approval Date.

More Definitions of Hydropower Project

Hydropower Project means a facility that would utilize for the generation of electricity a natural water feature, such as a natural lake, tidal power, waterfall, the gradient of a natural stream, a dam, or impoundment;

Hydropower Project means any development which uses a flow of wa- ter as a source of electrical or mechanical power, or which regulates the flow of water for the purpose of generating electrical or mechanical power. A hydropower project development includes all powerhouses, dams, water con- duits, transmission lines, water impoundments, roads, and other appurtenant works and structures.