OR-PSF definition
OR-PSF means OREDA RESCO Payment Security Fund
Examples of OR-PSF in a sentence
In such case, OR-PSF shall be managed by Department of Odisha, Govt of Odisha or any department/ govt agency as authorized by Department of Energy, Govt of Odisha.
Any additional interest earned on OR-PSF, and any late payment surcharges earned shall form the part OR-PSF only.
In the event of delay in payment of a Monthly Bill by Intermediary (on account of unavailability of fund in advance amount from the Beneficiary OR due to unavailability of fund in the OR-PSF fund), beyond thirty (30) days of its Due Date, a Late Payment Surcharge shall be payable to the SPG at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis.