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DRAFT POWER PURCHASE AGREEMENT BETWEEN POWER DISTRIBUTION COMPANY OF ANDHRA PRADESH LIMITED AND M/s. NCE SOLAR PPA No. 1. This Power Purchase Agreement (Agreement) entered into this day of between
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How to fill out a power purchase agreement between:

01
Begin by stating the names and contact information of both parties involved in the agreement.
02
Specify the term or duration of the agreement, including the start and end dates.
03
Describe the scope of the agreement, clearly stating the amount of power to be purchased and any specific conditions or requirements.
04
Outline the pricing structure, including the unit price for the power and any agreed-upon adjustments or escalations.
05
Include provisions for payment terms and methods, such as due dates and acceptable forms of payment.
06
Specify any warranties or guarantees related to the power supply, such as the quality, reliability, or availability of the power.
07
Clarify the responsibilities of each party, including any obligations regarding the delivery, installation, and maintenance of the necessary infrastructure.
08
Address any environmental or sustainability considerations, such as the use of renewable energy sources or compliance with relevant regulations.
09
Include provisions for dispute resolution, including the steps to be taken if any conflicts arise during the course of the agreement.
10
Review the agreement with legal professionals to ensure compliance with local regulations and to minimize any potential risks or liabilities.

Who needs a power purchase agreement between:

01
Power generating companies or independent power producers (IPPs) who wish to sell their excess power to a buyer.
02
Commercial and industrial entities that require a stable and reliable source of power and are looking to enter into a long-term agreement with a supplier.
03
Municipalities or government bodies that need to secure a power supply for public facilities or services.
04
Renewable energy developers who wish to sell the electricity generated from their projects to a buyer.
05
Large-scale consumers of electricity, such as data centers or manufacturing plants, who require a dedicated and consistent power supply.

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Power purchase agreement is between a buyer and a seller of electricity.
Both parties involved in the agreement are required to file the power purchase agreement.
The power purchase agreement can be filled out by including details such as pricing, quantity, duration, and terms of the agreement.
The purpose of a power purchase agreement is to outline the terms and conditions for the sale and purchase of electricity.
Information such as pricing, quantity, duration, terms, and conditions of the agreement must be reported on the power purchase agreement.
The deadline to file the power purchase agreement in 2024 is December 31st.
The penalty for late filing of the power purchase agreement may include fines or other consequences as outlined in the agreement.
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