Power Sales Agreement Template for Philippines

1. Renewable Energy Provisions: Required when the power source is renewable, addressing specific requirements under the Renewable Energy Act

2. Grid Connection: Needed when the agreement includes responsibilities for grid connection and maintenance

3. Carbon Credits: Included when the project generates carbon credits or environmental attributes

4. Emergency Protocols: Detailed procedures for emergency situations, required for critical power supply agreements

5. Change in Law Provisions: Specific provisions for handling regulatory changes, important for long-term agreements

6. Security Package: Required when additional financial security or performance bonds are needed

7. Step-in Rights: Included when lenders require rights to take over the project

8. Local Community Benefits: Required for projects needing social license to operate

1. Technical Specifications: Detailed technical parameters of the power facility and supply requirements

2. Pricing Formula and Calculations: Detailed pricing mechanisms, including base price, adjustments, and calculations

3. Testing and Commissioning Procedures: Detailed procedures for initial and periodic testing

4. Operating Procedures Manual: Detailed operational protocols and procedures

5. Interconnection Requirements: Technical specifications for grid connection

6. Performance Standards: Detailed performance metrics and compliance requirements

7. Forms of Security: Templates for performance bonds or other security instruments

8. ERC Compliance Documents: Required regulatory compliance documentation

9. Permits and Licenses: List of required permits and copies of existing authorizations

10. Emergency Contact Information: List of key personnel and emergency contacts