UPPCL definition
Examples of UPPCL in a sentence
Seller: UPPCL: M/s ----------------------------- Uttar Pradesh Power Corporation Ltd.
Out of the total per unit tariff the tariff which has been arrived from the Latest Finalized Case – I bidding for conventional power project as conducted by UPPCL will be paid from the UPPCL kitty and the balance amount will be rooted through UPNEDA to UPPCL and will be paid to the developer on monthly basis for the entire duration of the PPA.
And with the tariff for the sale of power to UPPCL for the extended period shall be the price of eleventh year Average Pooled Purchase Cost (APPC).
Delay in the timelines for over and above four (4) months form respective task will lead to create the necessary grounds for UPNEDA / UPPCL for termination of LoI / PPA.
In terms of the above and in terms of Article 11.5 dealing with Notification of Force Majeure Event, we hereby give you notice of the existence of Force Majeure as claimed by UPPCL and the consequences of the Force Majeure event claimed by UPPCL in the notice dated 27.03.2020 shall apply mutatis mutandis to the PPA entered into between SECI and you (Project Developer).
Delay in the timelines for over and above six (6) months form respective task will lead to create the necessary grounds for UPNEDA / UPPCL for termination of this PPA.
The Concessionaire shall ensure that no clause of the PPA as executed with the UPPCL is in conflict with this Agreement.
The said model PPA draft shall be taken as a base document by the Concessionaire for execution of PPA with the UPPCL.
Lucknow a Company incorporated in India and registered under the Companies ▇▇▇, ▇▇▇▇, having its registered office at Shakti Bhawan, 14 – Ashok Marg, Lucknow – 226001 (Hereinafter referred to as “UPPCL or “Procurer” which expression shall, unless repugnant to the context or meaning thereof, be deemed to include its successors and permitted assigns) as a Party of the SECOND PART; The SPD and UPPCL are individually referred to as ‘Party’ and collectively referred to as ‘Parties’.
A copy of the reply letter dated 28.03.2020 sent by SECI to UPPCL in regard to the Notice dated 28.03.2020 of UPPCL is also enclosed for your reference.