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Power Purchase Contract

Power Purchase Contract Template for India

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Key Requirements PROMPT example:

Power Purchase Contract

I need a Power Purchase Contract for a 50MW solar power plant in Karnataka, India, with a 25-year term starting from March 2025, including specific provisions for renewable energy certificates and carbon credits.

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Document background
The Power Purchase Contract serves as a fundamental instrument in India's energy sector, governing the long-term relationship between power generators and purchasers. This document is essential when establishing new power generation projects or formalizing existing power supply arrangements, typically used for both conventional and renewable energy sources. The agreement must comply with the Electricity Act, 2003, and various regulations set by the Central and State Electricity Regulatory Commissions. It includes crucial elements such as tariff structures, minimum generation guarantees, grid connectivity requirements, and force majeure provisions. The document's importance has grown with India's expanding power sector and increasing focus on renewable energy integration, making it a critical tool for both public and private sector energy projects.
Suggested Sections

1. Parties: Identification of the power generator/seller and the purchaser with their complete legal details

2. Background: Context of the agreement, including project details and parties' capabilities

3. Definitions: Detailed definitions of technical and commercial terms used throughout the agreement

4. Term and Termination: Duration of the agreement, conditions for renewal, and termination circumstances

5. Supply Obligations: Commitments regarding power supply, including quantity and availability guarantees

6. Power Purchase Obligations: Buyer's obligations regarding power purchase, including minimum off-take requirements

7. Metering and Energy Accounting: Specifications for measuring and recording power supply

8. Tariff and Payment Terms: Pricing structure, billing procedures, and payment obligations

9. Grid Connection and Operations: Requirements for grid connectivity and operational protocols

10. Force Majeure: Events constituting force majeure and their implications

11. Default and Consequences: Events of default and remedies available to parties

12. Dispute Resolution: Procedures for resolving disputes between parties

13. Representations and Warranties: Standard declarations by both parties regarding their capacity and authority

14. Governing Law and Jurisdiction: Applicable laws and courts having jurisdiction

Optional Sections

1. Change in Law: Provisions for dealing with regulatory changes affecting the agreement - included when regulatory environment is volatile

2. Carbon Credits: Allocation of carbon credits and environmental attributes - relevant for renewable energy projects

3. Deemed Generation: Compensation for power not generated due to buyer's default - important for thermal power plants

4. Insurance: Specific insurance requirements - typically included for large-scale projects

5. Step-in Rights: Lenders' rights to take control - included when project financing is involved

6. Refinancing Provisions: Terms for refinancing the project - relevant for projects with significant debt component

7. Capacity Augmentation: Terms for increasing generation capacity - relevant for scalable projects

8. Renewable Energy Integration: Special provisions for integrating with renewable sources - relevant for hybrid projects

Suggested Schedules

1. Technical Specifications: Detailed technical parameters of the power plant and generation facilities

2. Testing Procedures: Protocols for testing and commissioning of the facility

3. Tariff Schedule: Detailed breakdown of tariff components and calculation methodologies

4. Performance Parameters: Specific performance benchmarks and associated incentives/penalties

5. Interconnection Details: Technical specifications of grid interconnection points and equipment

6. Operating Procedures: Detailed procedures for day-to-day operations and communications

7. Metering Specifications: Technical details of metering systems and protocols

8. Generation Schedule: Planned generation schedules and maintenance periods

9. Environmental Standards: Environmental compliance requirements and monitoring procedures

10. Land Details: Details of project site and associated rights

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






















































Clauses






























Relevant Industries

Energy & Utilities

Renewable Energy

Infrastructure

Manufacturing

Mining

Real Estate

Industrial

Public Sector

Agriculture

Healthcare

Relevant Teams

Legal

Operations

Commercial

Finance

Regulatory Affairs

Technical

Risk Management

Environmental Compliance

Business Development

Procurement

Power Trading

Grid Management

Relevant Roles

Energy Project Manager

Power Plant Director

Legal Counsel

Regulatory Compliance Officer

Chief Financial Officer

Commercial Director

Technical Director

Operations Manager

Risk Manager

Business Development Manager

Power Trading Manager

Grid Operations Manager

Procurement Manager

Environmental Compliance Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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