Power Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Power Sale Agreement

"I need a Power Sale Agreement for our new solar power facility in Singapore, where we'll be selling 50MW of renewable energy to a major industrial customer, with the agreement starting from March 2025 and including specific provisions for renewable energy certificates."

Document background

The Power Sale Agreement (PSA) is a fundamental instrument in Singapore's electricity market, used to formalize power supply arrangements between generators and purchasers. It is particularly relevant in the context of Singapore's liberalized electricity market, where power producers and consumers can enter into direct supply agreements. The document addresses crucial aspects such as supply commitments, pricing mechanisms, technical requirements, and regulatory compliance under Singapore law. PSAs are essential for both conventional and renewable energy projects, and must align with the Energy Market Authority's regulatory framework and the Singapore Electricity Market Rules.

Suggested Sections

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

2. Background: Context of the agreement, including facility details and purpose

3. Definitions: Key terms used throughout the agreement

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

5. Price and Payment Terms: Pricing structure, billing, and payment conditions

6. Term and Termination: Duration of agreement and termination provisions

7. Metering and Testing: Requirements for measuring and verifying power supply

8. Force Majeure: Events beyond parties' control and their consequences

9. Governing Law and Dispute Resolution: Applicable law and dispute handling procedures

Optional Sections

1. Environmental Attributes: Handling of renewable energy credits or certificates when dealing with renewable energy sources

2. Performance Security: Requirements for guarantees or performance bonds for high-value contracts or with new counterparties

3. Change in Law: Provisions for regulatory changes affecting the agreement, typically included in long-term agreements

4. Grid Connection: Responsibilities for grid connection and maintenance when seller is responsible for grid connection

Suggested Schedules

1. Technical Specifications: Detailed technical requirements for power supply

2. Pricing Schedule: Detailed pricing formulae and adjustment mechanisms

3. Testing Procedures: Detailed procedures for testing and commissioning

4. Metering Specifications: Technical requirements for metering equipment

5. Form of Performance Security: Template for performance bonds or guarantees

6. Operating Procedures: Detailed operational protocols and procedures

7. Contact Details: List of key contacts and communication protocols

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 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 Generation
Industrial Manufacturing
Utilities
Renewable Energy
Commercial Real Estate

Relevant Teams

Legal
Commercial
Operations
Finance
Regulatory Affairs
Risk Management

Relevant Roles

Energy Trading Manager
Power Plant Manager
Commercial Director
Legal Counsel
Regulatory Compliance Officer
Chief Financial Officer

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Let's create your Power Sale Agreement

Authors

Alex Denne

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