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This document outlines the Power Purchase Agreement between MSEDCL and Solar Power Generator for procurement of solar power, detailing obligations, rates, billing, and terms effective from 2019.
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A draft power purchase agreement is a preliminary version of a formal contract between a power producer and a buyer, outlining the terms under which electricity will be sold.
Typically, power producers or developers who wish to sell electricity to a utility or other buyer are required to file a draft power purchase agreement.
To fill out a draft power purchase agreement, parties should complete sections detailing the project specifics, pricing, delivery terms, responsibilities, a timeline, and any other relevant legal terms.
The purpose of a draft power purchase agreement is to outline the expectations and obligations of both the buyer and seller regarding electricity sales, ensuring clarity and legal protection for both parties.
Information that must be reported includes the identities of parties involved, payment terms, delivery schedules, duration of the agreement, and conditions for termination.
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