Power Projects definition

Power Projects. Subject to the conditions set forth in this Agreement, the Parties mutually agreed to pursue the joint development of the power projects listed on Exhibit A hereto (the "Initial Projects") and such other projects as shall be mutually agreed (the Initial Projects and any additional projects are hereinafter referred to as the "Projects"). For purposes of this Agreement, a "Project" consists of a power purchase agreement and certain permits, licenses, contracts and proprietary information such as meteorological data or other data relating to a wind, hydro or solar power project and all other rights relating thereto.
View Source
Power Projects. Each Party has the right of first refusal to pursue through this Joint Venture, all build, own and operate or build, own, operate and transfer power projects identified by the other Party or its affiliates outside of the United States except those in which (i) the Joint Venture could not acquire a controlling interest in the equity, (ii) bid constraints would effectively prevent ▇▇▇▇▇▇'▇ or CE's participation, or (iii) participant, contractor or partner constraints would effectively prevent ▇▇▇▇▇▇'▇ or CE's participation. The right of first refusal covers all international power project development and bid opportunities, but does not cover (i) any projects in the construction or operating stages or (ii) direct or indirect acquisitions of development stage projects (subject to the following sentence), or (iii) acquisitions of entities owning projects in the construction or operating stages which also own development stage projects. Notwithstanding clause (ii) of the foregoing sentence, if the acquisition is an acquisition solely (i) of a project or projects in the development stage or (ii) of an entity or entities owning a project or projects in the development stage; and in either case (i) or (ii) the aggregate costs incurred on such development stage project or projects does not exceed $250,000 at the date of the acquisition, then the right of first refusal shall cover any such acquisition. Each Party shall notify the other Party of any power project subject to the right of refusal as soon as such Party believes that such project may be subject to the right of refusal. If the Joint Venture does not promptly elect to pursue the identified power project, either Party may pursue the power project separately.
View Source
Power Projects means: the Keenleyside Powerplant Project, the ▇▇▇▇▇▇ Expansion, the Brilliant Expansion, power generation, transmission or distribution projects related to the ▇▇▇▇▇▇ Expansion or the Brilliant Expansion, and if CPC and the Trust resolve not to commence any of the foregoing because such Power Project would not meet conditions precedent as would be set by a reasonable commercial lender for the financing of such Power Project, including conditions in respect of debt servicing, return on equity, permits, approvals, construction agreements, contracts for the sale or distribution of electricity and similar matters, such other power generation, transmission or distribution projects in the Region as CPC and the Trust may, from time to time, agree upon after negotiating in good faith, and if there are any disputes with respect to the choice of such projects, either party may by notice to the other party refer the matter to mediation with the assistance of the Vancouver Centre for Commercial Disputes and the parties will continue to negotiate in good faith with the assistance of the mediator(s) until such time as the mediator(s) advises that there is no reasonable possibility of the parties reaching a negotiated resolution;
View Source

Examples of Power Projects in a sentence

  • APDCL is nominated as a Nodal Agency for Implementation of Solar Power Projects in Assam under Assam Solar Energy Policy, 2017.

  • Consent from the GETCO / CTU for the evacuation scheme for evacuation of the power generated by the MW Solar Photovoltaic Grid Interactive Power Projects.

  • Consent from the GETCO / DISCOM for the evacuation scheme for evacuation of the power generated by the MW Solar Photovoltaic Grid Interactive Power Projects (to be taken before signing of PPA).

  • GIPCL has commissioned 1MWp Distributed Solar Power Projects at two locations in Gujarat viz.

  • Also, GIPCL has commissioned 1MWp Distributed Solar Power Projects at two locations in Gujarat viz.

  • Karnataka Solar Power Development Corporation Limited (KSPDCL) was incorporated in the year 2015 under the Companies Act, 2013 as a Joint Venture Company between SECI (Solar Energy Corporation of India), GoI and KREDL (Karnataka Renewable Energy Development Limited), GoK with an objective to plan, develop and operate solar parks in the State of Karnataka under MNRE Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects in the country.

  • Karnataka Solar Power Development Corporation Limited (KSPDCL), was incorporated in the year 2015 under the Companies Act, 2013 as a Joint Venture Company between SECI (Solar Energy Corporation of India) and KREDL (Karnataka Renewable Energy Development Limited) with an objective to plan, develop and operate Solar Parks in the State of Karnataka under MNRE Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects in the country.

  • All the facilities to be constructed by or for the Buyer to a specified distance to the grid substation, as stated in the Electricity (Development of Small Power Projects) Rules enable it to receive energy in accordance with this Agreement.

  • The gross solar energy generated and registered in the Solar generation meter during billing cycle shall be compensated by the Distribution Licensee at the rate determined by the Commission in its Order 08.08.2019 in Petition No. 1802 of 2019 for Solar Power Projects set up under “Policy for Development of Small Scale Distributed Solar Projects – 2019”.

  • The metering system as specified in the Guidelines for Grid Interconnection of Small Power Projects in Tanzania.


More Definitions of Power Projects

Power Projects means `Exempt Projects' and `Domestic Power Projects', as those terms are defined in the United States Securities and Exchange Commission Release No. 35-26364;70-8649, issued August 29, 1995 in National Fuel Gas Company, et al."
View Source

Related to Power Projects

  • Power Project or “Project” shall mean the Wind Power generation facility of Contracted Capacity of ………..[Insert capacity] MW, located at [Insert name of the place] in …. [Insert name of the District and State] having a separate control system, metering and a single point of injection into the grid at Delivery/Interconnection/Metering point at ISTS substation or in case of sharing of transmission lines, by separate injection at pooling point. This includes all units and auxiliaries such as water supply, treatment or storage facilities; bay/s for transmission system in the switchyard, dedicated transmission line up to the Delivery Point and all the other assets, buildings/structures, equipment, plant and machinery, facilities and related assets required for the efficient and economic operation of the power generation facility; whether completed or at any stage of development and construction or intended to be developed and constructed for the purpose of supply of power as per this Agreement;

  • Power Plant means a facility for the generation of

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.