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Master Power Purchase And Sale Agreement
"I need a Master Power Purchase and Sale Agreement for a 500MW solar power plant in Riyadh, Saudi Arabia, with commercial operations starting March 2025, including specific provisions for renewable energy credits and grid connection requirements."
Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of the contracting parties, including full legal names, addresses, and registration details
2. Background: Context of the agreement, including project overview and parties' objectives
3. Definitions: Comprehensive list of defined terms used throughout the agreement
4. Term and Termination: Duration of the agreement, renewal provisions, and termination circumstances
5. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments
6. Delivery Point and Title: Specification of the point where power is delivered and title transfers
7. Metering and Measurement: Requirements for measuring delivered power and maintaining metering equipment
8. Pricing and Payment: Price structure, payment terms, and billing procedures (Sharia-compliant)
9. Operation and Maintenance: Standards for facility operation and maintenance requirements
10. Force Majeure: Events constituting force majeure and consequent rights and obligations
11. Default and Remedies: Events of default and available remedies for non-defaulting party
12. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions
13. Representations and Warranties: Standard representations and warranties from both parties
14. Liability and Indemnification: Allocation of risks and responsibilities between parties
15. Confidentiality: Protection of confidential information and trade secrets
16. Governing Law: Application of Saudi law and Sharia principles
17. Notices: Procedures for formal communications between parties
1. Change in Law: Provisions addressing impact of regulatory changes, used when regulatory framework is evolving
2. Environmental Credits: Treatment of renewable energy credits or certificates, included for renewable power projects
3. Performance Security: Requirements for performance bonds or guarantees, used for high-value contracts
4. Insurance: Specific insurance requirements, included when standard insurance provisions are insufficient
5. Grid Connection: Terms regarding grid connection and compliance, used for direct grid-connected facilities
6. Testing and Commissioning: Procedures for initial testing, included for new facilities
7. Step-in Rights: Lender's step-in rights provisions, included when project financing is involved
8. Local Content: Saudi local content requirements, included when applicable to project scope
1. Schedule 1 - Technical Specifications: Detailed technical parameters of the power facility and delivery specifications
2. Schedule 2 - Testing Procedures: Procedures for testing facility performance and compliance
3. Schedule 3 - Pricing Formula: Detailed pricing calculations and adjustment mechanisms
4. Schedule 4 - Operating Procedures: Day-to-day operational procedures and requirements
5. Schedule 5 - Metering Specifications: Technical requirements for metering equipment and procedures
6. Schedule 6 - Performance Standards: Required performance levels and measurement criteria
7. Schedule 7 - Forms of Notices: Standard forms for various notices under the agreement
8. Schedule 8 - Interconnection Requirements: Technical requirements for grid connection
9. Appendix A - Site Description: Detailed description and drawings of the facility site
10. Appendix B - Permits and Authorizations: List of required permits and regulatory approvals
11. Appendix C - Contact Information: Key contact persons and their details for both parties
Authors
Affiliate
Agreement
Ancillary Services
Annual Contract Quantity
Applicable Law
Authority
Available Capacity
Billing Cycle
Business Day
Capacity
Commercial Operation Date
Commissioning
Competent Authority
Confidential Information
Connection Agreement
Contract Price
Contract Year
Control
Curtailment
Declared Available Capacity
Delivery Point
Dispatch Instructions
Dispute
ECRA
Effective Date
Electricity Law
Emergency
Energy
Environmental Attributes
Event of Default
Facility
Force Majeure Event
Good Industry Practice
Grid
Grid Code
Guaranteed Energy
Initial Term
Interconnection Facilities
Invoice
Islamic Finance Provisions
Letter of Credit
Maintenance Schedule
Material Adverse Effect
Metering Point
Metering System
Minimum Take Obligation
Monthly Payment
Net Electrical Output
Operating Committee
Operating Procedures
Outage
Performance Security
Planned Maintenance
Point of Connection
Power Purchase Price
Prudent Utility Practice
Ramp Rate
Reactive Power
Regulatory Requirements
Renewal Term
Required Commercial Operation Date
Saudi Grid Code
Scheduled Maintenance
SEC
Security Package
Seller's Facilities
Sharia Compliant Financing
Site
Specified Capacity
System Operator
Take-or-Pay Obligation
Technical Limits
Technical Specifications
Term
Termination Notice
Testing
Transmission System
Unit
Voltage
Term and Duration
Conditions Precedent
Sale and Purchase Obligations
Delivery and Title
Price and Payment
Metering and Testing
Operations and Maintenance
Performance Standards
Force Majeure
Change in Law
Default and Termination
Liability and Indemnification
Insurance
Assignment and Transfer
Confidentiality
Dispute Resolution
Governing Law
Representations and Warranties
Grid Connection
Regulatory Compliance
Environmental Protection
Health and Safety
Security
Records and Audit
Notices
Local Content
Testing and Commissioning
Scheduled Maintenance
Emergency Procedures
Curtailment Rights
Technical Requirements
Invoicing and Payment Security
Performance Security
Step-in Rights
Intellectual Property
Anti-corruption
Boilerplate Provisions
Energy & Utilities
Power Generation
Renewable Energy
Industrial Manufacturing
Mining
Oil & Gas
Infrastructure
Commercial Real Estate
Data Centers
Healthcare
Education
Legal
Commercial
Operations
Regulatory Affairs
Risk Management
Finance
Technical
Procurement
Business Development
Sustainability
Compliance
Project Management
Energy Trading Manager
Power Plant Manager
Commercial Director
Legal Counsel
Regulatory Compliance Officer
Chief Technical Officer
Operations Director
Risk Manager
Contract Administrator
Business Development Manager
Project Finance Manager
Energy Procurement Manager
Sustainability Officer
Grid Connection Manager
Technical Due Diligence Manager
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