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DATED Month 2016 POWER PURCHASE AGREEMENT In relation to a 10MWac Solar Power Generation Facility at Kandahar, Afghanistan Between: DA AFGHANISTAN KRISHNA SHERMAN, AS PURCHASER and IPP PROJECT COMPANY,

How to fill out power purchase agreement

How to fill out a power purchase agreement:

1. Start by identifying the parties involved in the agreement. This typically includes the buyer (often a utility company) and the seller (usually a renewable energy project developer).
2. Clearly state the purpose and scope of the agreement. Specify the amount of electricity to be purchased, the duration of the agreement, and any termination clauses.
3. Outline the pricing and payment terms. Define the price per unit of electricity, the method of payment, and any additional charges or discounts.
4. Include provisions for performance and delivery. Specify the obligations of both parties regarding the generation and delivery of electricity, as well as any penalties or remedies for non-compliance.
5. Consider adding clauses for force majeure events. These are unforeseen circumstances, such as natural disasters or regulatory changes, that may impact the ability to fulfill the agreement. Outline the responsibilities and potential remedies in such situations.
6. Include provisions for dispute resolution. Specify the jurisdiction and governing law for any potential disputes and outline the process for resolving conflicts, such as negotiation or arbitration.
7. It is highly recommended to consult with legal and financial professionals during the drafting process to ensure compliance with applicable laws and regulations.

Who needs a power purchase agreement:

1. Utility companies: Power purchase agreements are often used by utility companies to secure a long-term supply of electricity from renewable energy projects.
2. Renewable energy project developers: Developers of renewable energy projects, such as wind farms or solar power plants, rely on power purchase agreements to secure a buyer for their generated electricity.
3. Corporations: Some corporations have committed to sourcing a certain percentage of their energy from renewable sources, making power purchase agreements essential for fulfilling their sustainability goals.
4. Independent power producers: Independent power producers who generate electricity from renewable sources also benefit from power purchase agreements as a means to sell their power to utilities or corporations.
5. Governments: Government entities may enter into power purchase agreements to support and promote the development of renewable energy projects, often as part of their efforts to reduce greenhouse gas emissions and promote sustainability.

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