Examples of Purchase Obligation in a sentence
Renewable Energy Purchase Obligation as set by MoP/State Government shall be met either by establishing renewable energy power plant (such as solar, wind, etc.) or by purchasing Renewable Energy Certificates.
It would enable States to bring in significant investment from project developers, meet its Solar Renewable Purchase Obligation (RPO) mandate and provide employment opportunities to local population.
Accordingly, the cost of supply to the consumer may be computed on the basis of the weighted average cost of power purchase by the Licensee, including meeting the Renewable Purchase Obligation.
The calculated Purchase Obligation shall be rounded to the nearest kW.
In case of net metering scheme the total quantum of solar electricity generated under the net metering arrangement for eligible consumer, who is not defined as Obligated entity, shall qualify towards deemed Renewable Purchase Obligation (RPO) for the Distribution Licensee in whose area of supply the eligible consumer is located.