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Power Sales Agreement

Power Sales Agreement Template for India

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Key Requirements PROMPT example:

Power Sales Agreement

I need a Power Sales Agreement for a 50MW solar power plant in Maharashtra, India, where my company will sell power to the state distribution company starting from March 2025, with specific provisions for renewable energy forecasting and scheduling.

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Document background
The Power Sales Agreement serves as a fundamental contract in India's electricity sector, establishing the commercial and technical framework for power trading between generators and purchasers. This document is essential when establishing long-term power supply arrangements, whether for conventional or renewable energy sources. It must comply with the Electricity Act, 2003, various regulations of the Central Electricity Regulatory Commission (CERC), and applicable State Electricity Regulatory Commission (SERC) guidelines. The agreement typically covers a period of 15-25 years and includes crucial provisions for tariff determination, operational parameters, metering and billing procedures, and risk allocation. It's particularly important for project financing as it provides revenue certainty for power projects and supply security for purchasers.
Suggested Sections

1. Parties: Identification and details of the power seller and purchaser

2. Background: Context of the agreement, including basic details of the power project and purpose of the agreement

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

4. Term and Duration: Period of the agreement, including conditions for effectiveness and termination

5. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments

6. Power Specifications: Technical specifications of power supply, including capacity, voltage, and frequency

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

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

9. Connection and Delivery Point: Specifications of power delivery point and connection responsibilities

10. Operating Procedures: Day-to-day operational requirements and procedures

11. Force Majeure: Events constituting force majeure and consequent rights and obligations

12. Events of Default and Termination: Circumstances constituting default and termination rights

13. Dispute Re红杏直播: Procedures for resolving disputes between parties

14. Representations and Warranties: Standard representations and warranties by both parties

15. Governing Law and Jurisdiction: Applicable law and jurisdiction for dispute re红杏直播

Optional Sections

1. Renewable Energy Specifications: Special provisions for renewable energy sources, including forecasting and scheduling requirements

2. Deemed Generation: Provisions for payment in case of grid failure or backup power requirements

3. Carbon Credits: Allocation of carbon credits and environmental attributes

4. Grid Integration: Special requirements for grid connectivity and stability

5. Fuel Supply: For conventional power plants, provisions regarding fuel supply and quality

6. Change in Law: Provisions for dealing with regulatory changes affecting the agreement

7. Insurance: Specific insurance requirements beyond standard coverage

8. Step-in Rights: Rights of lenders or third parties to take over the project

Suggested Schedules

1. Technical Specifications: Detailed technical parameters of power supply and equipment

2. Testing Procedures: Procedures for testing and commissioning

3. Tariff Schedule: Detailed breakdown of tariff components and calculations

4. Operating Procedures Manual: Detailed procedures for day-to-day operations

5. Metering Specifications: Technical details of metering equipment and procedures

6. Performance Standards: Required performance levels and penalties

7. Interconnection Details: Technical details of grid interconnection

8. Contact Details: List of authorized representatives and contact information

9. Required Approvals: List of necessary regulatory approvals and licenses

10. Payment Security Mechanism: Details of payment security arrangements like letter of credit

Authors

Alex Denne

Head of Growth (Open Source Law) @ 红杏直播 | 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

Power Generation

Renewable Energy

Manufacturing

Heavy Industry

Infrastructure

Mining

Commercial Real Estate

Industrial Parks

Data Centers

Relevant Teams

Legal

Operations

Commercial

Regulatory Affairs

Finance

Risk Management

Technical Services

Energy Trading

Business Development

Procurement

Compliance

Grid Operations

Relevant Roles

Power Plant Manager

Energy Trading Manager

Commercial Director

Chief Technical Officer

Regulatory Compliance Officer

Power Purchase Manager

Operations Director

Legal Counsel

Contract Manager

Chief Financial Officer

Risk Manager

Business Development Manager

Energy Markets Analyst

Grid Operations Manager

Procurement Manager

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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