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Power Purchase Contract
"I need a Power Purchase Contract for a manufacturing facility in Singapore purchasing 50MW of solar power from a local renewable energy supplier, with the agreement to commence from March 2025 for a 10-year term."
1. Parties: Identification and details of contracting parties including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, relationship between parties, and key commercial objectives
3. Definitions: Key terms and their meanings used tHRoughout the agreement
4. Supply Obligations: Core obligations regarding power supply, quantity, availability, and quality specifications
5. Pricing and Payment: Price structure, payment terms, billing procedures, and any price adjustment mechanisms
6. Term and Termination: Duration of agreement, renewal provisions, and grounds for termination
7. Metering and Testing: Requirements for measuring and verifying power supply, including testing protocols
8. Force Majeure: Events beyond parties' control and their impact on contractual obligations
9. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law
10. Liability and Indemnification: Allocation of risks and responsibilities between parties
1. Renewable Energy Provisions: Specific provisions for green energy supply, including certification and environmental attributes
2. Carbon Credits: Terms regarding allocation and trading of carbon credits or renewable energy certificates
3. Grid Connection: Technical requirements and responsibilities for grid connection and maintenance
4. Change in Law: Provisions addressing impact of regulatory changes on the agreement
5. Security Package: Requirements for performance bonds, parent company guarantees, or other security instruments
1. Technical Specifications: Detailed technical requirements of power supply including voltage, frequency, and other parameters
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment formulas
3. Performance Standards: Required quality, reliability metrics, and performance guarantees
4. Metering Protocols: Detailed procedures for metering, measurement, and verification of supply
5. Operating Procedures: Day-to-day operational requirements, maintenance schedules, and emergency procedures
6. Form of Performance Security: Template forms for any required security instruments
7. Interconnection Requirements: Technical specifications for grid connection and interface requirements
Authors
Applicable Law
Available Capacity
Business Day
Capacity
Commercial Operation Date
Connection Point
Contract Capacity
Contract Price
Contract Year
Delivery Point
Effective Date
Electricity
EMA
Energy Market Authority
Force Majeure Event
Generating Facility
Good Industry Practice
Grid
Grid Code
Interconnection Facilities
Market Rules
Metering Point
Metering System
Monthly Invoice
Net Electrical Output
Operating Procedures
Payment Due Date
Performance Standards
Power Station
Prudent Operating Practice
Purchase Price
Reactive Power
Scheduled Maintenance
Singapore Dollars
Supply Period
System Emergency
Technical Specifications
Term
Transmission System
Unit
Voltage
Green Attributes
Environmental Attributes
Renewable Energy Certificates
Carbon Credits
Renewable Energy Source
Solar Facility
Green Benefits
Term and Duration
Supply Obligations
Delivery Point
Metering
Price and Payment
Billing and Settlement
Performance Standards
Testing and Commissioning
Grid Connection
Operating Procedures
Maintenance
Force Majeure
Change in Law
Default and Termination
Liability and Indemnification
Insurance
Assignment
Confidentiality
Dispute Resolution
Notices
Governing Law
Health and Safety
Environmental Compliance
Records and Audit
Security
Warranties and Representations
Emergency Procedures
Curtailment Rights
Compliance with Market Rules
Credit Support
Taxes
Entire Agreement
Amendments
Waiver
Severability
Third Party Rights
Counterparts
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