manikaran power limited - mpl€¦ · web view6.we undertake to provide reliable and efficient...

40
FORMAT-LTA-1 On Non Judicial Stamp Paper of Rs.10/- AFFIDAVIT In the matter of filing application to HVPNL , for (G rant of Connectivity, Long-term & Medium term Intra-state open access and related matters) HERC Regulations 2012. I …………….(Name)……………..S/o Sh.………….(Father’s name)………..working as…….(Post)…………. in ………….. (Name of the Company)…... havi ng its registered office at ………………… (Address of the company)…... do solemnly affirm and say as follows: 1. That I am the………… (Post)…………..of…….….. (Name of the Company)……………., the representative in the above matter and am duly authorized to file the above application and to make this affidavit. 2. That I submit that M/s…………….(name of the company)…………….. is a registered company …………….(Public Ltd/Pvt. Ltd.)……………. Registered under Companies Act. Under the Article of Association of the Company and in accordance with the provisions of Electricity Act, 2003/relevant Regulation(s) of HERC, the company can file the enclosed application. 3. That I submit that all the details given in the enclosed application for grant of Connectivity/Medium Term Open Access/Long Term Access along with necessary documents are true and correct and nothing ma terial has been concealed thereof. 4. I Further verify that contents of para 1 to 3 of my above affidavit are true and correct to the best of my knowledge and belief. No part and nothing material h as been concealed therein. Verified at ------------ _____________day of___________20 DEPONENT

Upload: others

Post on 19-Jul-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

FORMAT-LTA-1On Non Judicial Stamp Paper of Rs.10/-

AFFIDAVIT

In the matter of filing application to HVPNL  , for (Grant of Connectivity, Long-term &Medium term Intra-state open access and related matters) HERC Regulations 2012.

I …………….(Name)……………..S/o Sh.………….(Father’s name)………..workingas…….(Post)…………. in ………….. (Name of the Company)…... having its registeredoffice at ………………… (Address of the company)…... do solemnly affirm and say as follows:1. That I am the………… (Post)…………..of…….…..  (Name of the Company)…………….,the representative in the above matter and am duly authorized to file the above applicationand to make this affidavit.2. That I submit that M/s…………….(name of the company)…………….. is a registeredcompany …………….(Public Ltd/Pvt. Ltd.)……………. Registeredunder Companies Act. Under the Article of Association of the Company and inaccordance with the provisions of Electricity Act, 2003/relevant Regulation(s) of HERC,the company can file the enclosed application.

3. That I submit that all the details given in the enclosed application for grant ofConnectivity/Medium Term Open Access/Long Term Access along withnecessary documents are true and correct and nothing material has been concealedthereof.

4.  I Further verify  that contents of para 1  to 3 of my above affidavit are  true and correct  to  thebest of my knowledge and belief. No part and nothing material has beenconcealed therein.

Verified at ------------ _____________day of___________20

DEPONENT

(To be duly attested by Notary)HARYANA VIDYUT PRASARAN NIGAM LIMITED

APPLICATION FOR GRANT OF LONG TERM OPEN ACCESSTerms and Conditions for Long Term Open Access

We hereby confirm that we shall abide by the following terms and conditions of open access for

intra-state transmission.

1. We shall abide by the HARYANA ELECTRICITY REGULATORY COMMISSION’sRegulation No. HERC/25/2012 dated 11.01.2012 and any subsequent amendmentthereof.

2. We shall submit with the application for medium/ long term open access, letter ofcomfort / MOU from beneficiary(ies), clearly incorporating the following aspectsi) the details of application of power to each beneficiary(ies)ii) technical details as indicated in the application like point of injection / drawl, voltagelevel

Page 2: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

iii) Date of commencement and period for which access has been applied for.3. We have connectivity to the STU/DISOM system & signed “Connection Agreement”

with  the STU/DISCOMS as per “Connection Agreement” attached and shall share O&Mcharges, the transmission charges/ wheeling charges etc. as per transmission tariffregulation/orders of Haryana Electricity Regulatory Commission as modified  from timeto time.

5. We shall comply with the provisions of Indian Electricity Grid Code (IEGC) and HaryanaElectricity Grid Code (HEGC) in force from time to time and instructions ofRLDC/SLDC/ALDC given from time to time.

6. We undertake  to provide reliable and efficient speech and data communication systemto facilitate necessary communication and data exchange, and supervisions / control ofthe grid by SLDC  following  the  technical specification and requirement pertaining  to  thespecific area(s) where access is being sought.

7. We shall indemnify HVPN and the DISCOM involved, for any loss or damage arising outas a consequence of the study conducted by them.

8. We shall not transfer rights and obligation specified in the ALTOA without the priorapproval by HARYANA ELECTRICITY REGULATORY COMMISSION and shall besubject to payment of compensation, if any as determined by the commission.

9. We shall share the SLDC/ALDC fees and charges and any other charges as pernotification of HARYANA ELECTRICITY REGULATORY COMMISSION.

10. We agree that HVPN reserves their right to amend the above terms and conditionswithin the Regulatory framework.

11. We agree  to provide and maintain metering as per provision of HARYANA ELECTRICITYREGULATORY COMMISSION open access regulation 2012 and shall make all effortsto enable STU to down load its readings.

12. We shall install adequate reactive compensation and shall bear the reactive energycharges as determined by HARYANA ELECTRICITY REGULATORY COMMISSIONfrom time to time.

13. We agree to the payment for mismatch (unscheduled interchange) betweenschedule/actual which shall be governed by pricing mechanism as specified byHARYANA ELECTRICITY REGULATORY COMMISSION from time to time.

14. We agree  to bear  the energy loss in proportion  to energy scheduled/drawl as specifiedby HARYANA ELECTRICITY REGULATORY COMMISSION.

15. We shall abide by the provisions of HERC Regulation on Open Access as amendedfrom time to time and procedural requirement as issued by HVPN and amended fromtime to time.

16. We agree that in case of non-utilization of open access, HVPN shall have right to reviewopen access granted and to recover the financial implications incurred in process.

17. We agree to sign A MTOA/ ALTOA ( Agreement for long term Open Access) withconcerned utility(ies),  required,  if any as per reguylation No 13 (10) of HERC regulationNo HERC/ 25/2012 dated 11.01.2012.

18. We hereby agree to provide adequate payment security mechanism for payment ofmonthly open access charges by way of irrevocable. Non-transferable, revolving Letterof Credit in favour of HVPNL.

20. We hereby confirm that we are neither defaulter nor have any dispute with Power

Page 3: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

Utilities of Haryana.

Authorized Signatory of Long-Term Open Access Customer

i)Witness: Name :

Designation :

Seal: :

ii)Witness :

Place :

Date :

Page 4: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

Application for Grant of Long -term Access (LTA)

FORMAT-LTA-2

Sr.No.

Description Information to be furnishedby the Applicant

1 Name the Applicant2 Address for Correspondence3 Contact Details

Prime Contact PersonDesignationPhone No.(Landline)Phone No.(Mobile)FaxE-Mail

Alternate Contact PersonDesignationPhone No.(Landline)Phone No.(Mobile)FaxE-Mail

4 Nature of the ApplicantNormal    Generator    (other    thancaptive)Captive GeneratorBulk ConsumerElectricity TraderDistribution Licensee

5 Details for Long Term Access (LTA)5a    Quantum    (MW)    for    which    LTA

required5b    Date from which LTA required

(not earlier than 2 years from thelast day of the month in whichapplication has been received)

5c      Date up to which LTA required(12 years to25 years from the datefrom which LTA is required)

5d     Injection of Power (more than oneonly in case of single Drawal)Entity-1State/RegionQuantum-1Connectivity with the Grid

Page 5: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

Entity-2State/RegionQuantum-2

Connectivity with the GridEntity-3State/RegionQuantum-3

Connectivity with the GridEntity-4State/RegionQuantum-4Connectivity with the Grid

Page 6: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

5e Drawal of Power (more than one onlyin case of single Injection)

Entity-1State/RegionQuantum-1

Connectivity with the GridEntity-2State/RegionQuantum-2

Connectivity with the GridEntity-3State/RegionQuantum-3

Connectivity with the GridEntity-4State/RegionQuantum-4

Connectivity with the Grid

6 Details of DD/Cheque e-transaction(Application Fee)Amount (in Rs.)DD/Cheque transactionNo. DateBank NameBranch Name

7 Details of Bank GuaranteeAmount (in Rs.)Bank NamePeriod of Validity

Page 7: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

FORMAT-LTA-3No Objection Certificate of <Name of DISCOM>

Format in which NOC is to be given by DISCOM for submission to HVPNLNOC No. Dated. ___________

1. Name of the DISCOM issuing NOC :2. Name of the Entity :3. Status of Entity (e.g. State Utility/CPP/IPP/Discom etc.) :4. Point(s) of Connection :5. Max. MW ceiling allowed for Injection* :6. Max. MW ceiling allowed for Drawal* :(*SLDC may specify different

MW ceilings for different time

blocks, if required.)7. Validity Period : From Date - To Date8. Wheeling Losses

9. Wheeling charges

Declaration:It is hereby certified that:

a) We have “No Objection” to seeking and availing Open Accessby<Name of Entity> , through HVPNL up to the MW ceiling as

specifiedabove, in accordance with applicable regulations of HERC.

b) We have the required infrastructure for energy metering and time block 

Whether Applicable or not Yes/No Rate (Rs./MWh)

Distribution Licensees lossesAny other losses

Whether Applicable or not Yes/No (%) lossDistribution Licensees lossesAny other losses

Page 8: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

wiseaccounting in place. The Transmission/ Distribution licensee network has 

therequired transfer capability for transfer of power as per specified ceiling.

c) The Wheeling Charges for the use of Transmission/ DistributionLicenseenetwork and Operating Charges for the State Load Dispatch Centers shall 

bedirectly settled by Power Exchange with us.

d) The State Utility designated for the purpose of collection/disbursement of UI

charges shall be responsible for timely payment of State s composite dues into

the State Pool Account.e) Any mismatch between the Scheduled and Actual drawl/injection for the intra-

StateEntity shall be determined by us and will be covered in  the intra-State

UIaccounting scheme, or as applicable.

f) The Reactive Energy Charges shall be governed by the Regulations applicable within

the State.g) We shall inform the total import and export capability of the HVPNL as a whole to all

concerned. Attempt shall be made to declare this in advance through our

website/Fax.h) Any change in the contents of the NOC shall be conveyed to the party to whom NOC

was given, at  least 180 days prior to the day of transaction.  In such cases,

the SLDC shall also be informed simultaneously.

SignatureNameDesignation(Authorized Signatory of STU)

Place:Phone No.:Date:

FORMAT-LTA-4

Proforma of Bank Guarantee For Performance(To be stamped in accordance with Stamp Act)

Ref. ………...... Bank Guarantee No. ……...... Date .....................

Page 9: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

To

Chief Engineer/ SO & CommercialSector-6 Shakti Bhavan

HVPNL Panchkula

Dear Sir,In consideration of the HVPNL , (hereinafter referred to as the HVPNL

whichexpression shall unless repugnant to the context or meaning thereof includ

e itssuccessors, administrators and assigns) having applied for Long-term Access

(LTA)with its Registered/Head office at …………………….(hereinafter referred to

asthe “LTA APPLICANT” which expression shall unless repugnant to  the conte

xt ormeaning thereof, include its successors, administrators, executors and assigns).

WHEREAS  it has been agreed by the LTA applicant that  in case of failure /delay  in 

abidingvarious terms and conditions required as per HERC, Regulations 2012 on the sub

jectHVPNL shall have the right to collect at the rate of Rs. 2 lacs (Rupees Two Lacs ) for 

totalscheduled injection by LTA Applicant.

AND WHEREAS as per the HERC, Regulations 2012 LTA applicant  is required to 

furnish aBank Guarantee for a sum of Rs.…….(Rupees……..) as a security for fulfilling 

itscommitments to HVPNL as stipulated under Clause 12(4) of the aforesaid Regulat

ion.We……(Name & Address of the Bank)…. having its Head Office at…….(hereinafter 

referredto as the B ank, which expression shall, unless repugnant to the context or meaning 

thereof,include its successors, administrators, executor and assigns) do hereby guarantee 

andundertake to pay the HP SL DC on demand any and all monies payable by the 

LTAAPPLICANT to the extent of ………………..as aforesaid at any time

upto

Page 10: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

……………(days/month/year) without any demur,  reservation, context, recourse or protest

and/or without any reference to the LTA APPLICANT.

Any such demand made by the HVPNL on the Bank shall be conclusive and binding 

notwithstanding any difference between  the HVPNL and  the LTA APPLICANT or any 

disputepending before any Court, Tribunal, Arbitrator or any other authority. The Bank 

undertakesnot to  revoke this guarantee during  its currency without previous consent of the 

HVPNLand further agrees that the guarantee herein contained shall continue to

beenforceable till the HVPNL discharges this guarantee.The HPSLDC shall have the fullest liberty without affecting in any way the liability ofthe Bank under  this guarantee,  from  time  to  time  to extend  the  time  for performance of 

theobligations under  the said agreement by  the LTA APPLICANT. The HVPNL shall have 

thefullest  liberty, without affecting this guarantee, to postpone from  time to time the exercise ofany powers vested in them or of any right which they mighthave against the LTA APPLICANT, and  to exercise  the same at any  time  in any manner,and either to enforce or  to  forbear to enforce any covenants, contained or implied,in the Agreement between the HVPNL and the LTA APPLICANT or any othercourse or remedy or security available to the HVPNL. The Bank shall not bereleased of its obligations under these presents by any exercise by the HVPNL ofits  liberty with reference to the matters aforesaid or any of them or by reason of anyother act of omission or commission on the part of the HVPNL or any

otherindulgences shown by  the HVPNL or by any other matter or thing whatsoever whichunder law would, but for this provision have the effect of relieving the Bank.The Bank also agrees that the HVPNL at its option shall be entitled to enforce thisGuarantee against the Bank as a principal debtor, in the first instance withoutproceeding against the LTA APPLICANT and not withstanding any security or ot

Page 11: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

herguarantee the HVPNL may have in relation to the LTA APPLICANT s liabilities.

Notwithstanding anything contained hereinabove our liability under this guarante

e isrestricted to……….. and it shall remain in force upto and including …………….. andshall be extended from time to  time for such period  (not exceeding ……….. year), asmay be desired by M/s …………….on whose behalf this guarantee has been given.

Dated this…………….day of …………………20………………….at…………………WITNESS……………………………………………. ……………………………………………………………………………… ……………………………....(Signature) (Signature)(Name) (Name)…………………………………………. ………………………...............(Official Address) (Designation with Bank Stamp)Attorney as per Powerof Attorney No. ……………….Date..………………………….NOTES: 1. The stamp papers of appropriate value shall be purchased in  the name ofIssuing Bank.

Page 12: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

FORMAT-LTA-5

Intimation for Grant of Long -term Access (LTA)

Sr.No. Description Information to be furnished byHVPNL

1 Intimation No. :Date:

2 Ref. Application No.:Date:

3 Name of the Applicant4 Address for Correspondence5 Nature of the Applicant

Normal Generator (other than captive)Captive GeneratorBulk ConsumerElectricity TraderDistributionLicense Others

6 Details for Long Term Access (LTA)Quantum (MW) for which LTA is granted

7 Injection of Power (more than one only incase of single Drawal)

Entity-1State/RegionQuantum-1Connectivity with the GridEntity-2State/RegionQuantum-2Connectivity with the GridEntity-3State/RegionQuantum-3Connectivity with the GridEntity-4State/RegionQuantum-4Connectivity with the Grid

Page 13: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

8 Drawl of Power (more than one only in case ofsingle Injection)

Entity-1State/RegionQuantum-1Connectivity with the GridEntity-2State/RegionQuantum-2Connectivity with the GridEntity-3State/RegionQuantum-3Connectivity with the GridEntity-4State/RegionQuantum-4Connectivity with the Grid

9 Distribution System for LTA9a Date from which LTA is granted9b Date upto which LTA is granted9c Implementing Agency for distribution system9d Agencies between which agreement is to

Be required for LTA signed for  implementationof distribution system

9e Amount     (in     Rupees)     for     which     BankGuarantee is to be provided by the applicant

10 Distribution Charges Applicable11 Amount (in Rupees) for which Bank Guarantee  is to

be provided by the applicant

FORMAT-LTA-6A

Agreement for Long Term Access(Applicable for One party requiring NO distribution system strengthening)BULK POWER Transmission/ WHEELING AGREEMENT BETWEEN

…………………………….AND

HVPNLThis Bulk Power Wheeling Agreement entered into on the ……….day of ….. Twothousand…………between HVPNL . , incorporated under the Companies Act, 1956 andwholly owned by Government of -----------------having  its registered office at Shakti BhavanBhawan Sector-6 Panchkula (hereinafter called “HVPNL ” which expression shall unl

Page 14: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

essrepugnant to the context or meaning thereof include its successors and assigns) as party ofthe first part; and _________a Long Term distribution customer incorporated underthe companies Act, 1956 having  its office at _______ (hereinafter called “Long

TermTransmission/ Distribution Customer” which expression shall unless repugnant to

thecontext or meaning thereof include its successors, and assigns) as party of thesecond part. And Whereas the Long Term Distribution customer is

generatingcompany/licensee/ consumer/others permitted by State Commission and is desirous toavail Long Term Open Access in accordance with “ Haryana Electricity RegulatoryCommission (Grant of Connectivity, Long-term and Medium Term intra-State OpenAccess and Related matters) Regulations, 2012 and Electricity Act 2003

tothe Transmission/ Distribution System of state. And Whereas in accordance with StateElectricity Regulatory Commission (Grant of Connectivity, Long-term and Medium-term intra-state Open Access and related matters) Regulations, 2012 and Electricity

Act2003 open access shall be allowed by HVPNL to Long Term open access customer.And Whereas the Long Term access is required by the Long

TermDistribution customer as per the following details:Injection Utility :Name :Location :Region :Capacity (MW) :Drawee Utility (ies) :Name :Location :Region(s) :Capacity ( MW) :

Date from which the open access is granted is _________for a period of __________

Page 15: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

And Whereas in accordance with the system studies carried out byHVPNL , following distribution system is required to facilitate operationalisation of aboveLong term access.___________(Name of Transmission/ distribution system)

And whereas the implementation of above distribution system is to be undertaken by LongTerm Transmission/ Distribution Customer.

And Whereas Long Term Distribution customer has agreed to share and pay all 

thewheeling charges of the State Transmission/ Distribution System (STS/SDS) for theuse of STS/SDS including system strengthening scheme and any addition thereof.

And whereas it has become incumbent upon both the parties to enter in to Bulk Po

werWheeling Agreement as envisaged under the “State Electricity

RegulatoryCommission (Grant of Connectivity, Long-term and Medium-term intra-State OpenAccess and related matters) Regulations, 2012. And whereas the Bulk Power WheelingAgreement has already been entered into between HVPNL and Bulk Power Beneficiaries of allthe regions. A copy of BPWA entered into with constituents are enclosed at Annexure A,Annexure B, Annexure C, Annexure D and Annexure E respectively. These agreements arelikely to be replaced on its renewal.

And Whereas the Long term distribution customer is desirous of wheeling its power throughLong term access on the same terms and conditions as contained in the Bulk Power distributionAgreement of the respective Region. Words and expressions used and defined in the BulkPower distribution Agreement at Annexure A, B, C, D and E shall have the same meaningassigned to them under the Electricity Act 2003 or Grid code or H.P. Electricity RegulatoryCommission Regulations, 2012, as the case may be (including their amendments if any).

Page 16: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

Now, therefore in consideration of the premises and mutual agreements, covenants

andconditions set forth herein, and  in the Agreement as contained  in the Annexure A, B, C, D, andE (As applicable) attached hereto which shall form an integral part of this Agreement, it ishereby agreed by and between the parties as follow:

1.0a) Long Term Transmission/ distribution customer shall share and pay the wheel

ingcharges of STS/SDS including charges for system strengthening scheme and 

anyaddition thereof.

b) Long Term Transmission/ distribution customer would provide security in the

form of or irrevocable Bank Guarantee (BG) in favour of HVPNL, equivalent

to Two (2) months estimated average Transmission charges ofconcerned

Region(s) applicable to the long-term customer. The security mechanism shall be

valid till One month after the validity of the open access.c) The estimated average wheeling charges would be reviewed every year 

andaccordingly the amount of security would be enhanced/ reduced by Long T

ermdistribution customers.

d) In case the Long Term Transmission/ distribution customer defaultsinpayment of the monthly charges of HVPNL bills then, HVPNL shall

beentitled to encash/adjust the FDR/ deposit/ BG immediately.

e) In case of encashment/ adjustment of the / BG by the HVPNL against non-

payment of monthly charges by Long-term distribution customer, the same should

be immediately replenished/recouped by Long term distribution customer before the

next billing cycle.f) The  format for bank guarantee is enclosed as Annexure-X. The Bank Guara

nteeshall be issued by:

Page 17: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

• A Public Sector Bank, or• Scheduled Indian Bank having paid up capital (net of accumulated losses) of 

Rs.100 crore or above(duly supported by latest annual report) and also 

satisfyingthe minimum capital adequacy requirement or

• Any foreign Bank with overall International corporate rating orrating ofMedium Term debt not less than A– (A minus) or equivalent by reputed ra

tingagency.

2.0 The HVPNL agrees to provide Long Term Open Access required by Long term

distribution customer as per the details mentioned above and in accordance

with the Regulations under the Haryana Electricity RegulatoryCommission,

Regulations 2012 and conditions specified by the HERC from time to time.3.0 The Long Term customer shall not relinquish or transfer its rights

andobligations specified in the Bulk Power Wheeling Agreement, without

priorapproval of HVPNL and HERC and subject to payment of

compensation,as may be determined by the HERC.

4.0 All differences/ disputes between the parties arising out of or in connection with

this Agreement shall be resolved in terms of the RedressalMechanism

provided under Regulation 53 of the HERC Regulations 2012.5.0 This Agreement shall be valid from the date of signing of this Agreement till the

validity of open access. In witness whereof both the parties have executed this

Agreement through their authorized representative.

Witness

Signed for and on behalf of:- Signed for and on behalf of:-[HVPNL Details] [Applicant Details]

FORMAT-LTA-6B

Agreement for Long Term Access(Applicable for One party / Multi party developers requiring Transmission/ distribution 

Page 18: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

systemStrengthening) BETWEEN HVPNL

AND------ OTHER LONG TERM DISTRIBUTION CUSTOMERS

This Bulk Power wheeling Agreement entered into on the ……….dayof…………...Two thousand…………. between HVPNL ., a company incorporated underthe Companies Act, 1956, having its  registered office at Panchkula hereinaftercalled “HVPNL ” which expression shall unless repugnant to the HVPNL . contextor meaning thereof include its successors and assigns) as party of the first part; andCompany-A, a company incorporated under the companies Act, 1956

having itsregistered office at ____________________and Company-B, a company incorporated underthe companies Act, 1956 having its registered office at and Company-Z, acompany incorporated under the companies Act, 1956 having its registeredoffice at____________ and (hereinafter collectively referred to as Long Term DistributionCustomers and individually referred to as Company-A, B ……Z respectively)

whichexpression shall unless repugnant to the context or meaning thereof include its successorsand assigns as party of the second, third, fourth --------------and ----------- respectively.

A) Whereas Long Term Distribution Customers are the Power Project Developers 

andare desirous to avail Long Term Open Access in accordance with State 

ElectricityRegulatory Commission (Grant of Connectivity, Long-term and Medium-term i

ntrastate Open Access and related matters) Regulations, 2012 herein

afterreferred to as “Regulations” and Electricity Act 2003 (including t

heiramendments if any) to the Distribution System of DISCOM for transfer of po

werfrom the respective places of generation to the places of delivery as 

perthe details contained in the Annexure-1.

B) Whereas the comprehensive distribution system for above Long TermOpen Access was evolved by CEA, developers, Constituents and DISCOM.

Page 19: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

which was discussed in a meeting held at -------------- --- on -----------C) The distribution system required for direct evacuation of power from respe

ctivegenerating units  to  the pooling points of DISCOM has been  finalized in consulta

tionwith CEA, developers and Constituents and shall be built, Owned, Operated 

andmaintained by respective Long Term distribution Customers as indicated at 

Annexure-2.D) The common distribution system to evacuate and dispatch power

torespective beneficiaries from the generation projects, has been finalized

inconsultation with CEA, developers and Constituents and shall be

built,owned, operated and maintained by DISCOM as indicated at Annexure- 3 .

E) Each of the project developers i.e., the long term distribution customer has

agreed to share and bear the applicable wheeling charges as decided by H.P.

State Electricity Regulatory Commission of the total distribution scheme as perAnnexure-3 from the scheduled date of commissioning of respective genera

tingunits, corresponding to the capacity of power contracted from the said 

Generationproject through open access as indicated at Annexure-1 irrespective of their ac

tualdate of commissioning. The sharing mechanism for these wheeling charges 

hasbeen agreed to be as per Annexure-4 of this agreement.

F) AND WHEREAS in accordance with State Electricity Regulatory Commission

Regulations 2012 and Electricity Act 2003  (including their amendments  if any)

and in accordance with the term mentioned above, STATE LOADDESPATCH

CENTRE has agreed to provide such open access required by these Long Term

distribution Customers from  the date of availability of evacuation distribution system

for the transfer of power as mentioned  in Annexure-2 and Annexure-3 of this

agreement.G) AND WHEREAS the parties have agreed that in case any of the asset mentioned at

Page 20: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

Annexure 3 are executed, owned and operated by any agency(ies) other than

DISCOM, as per the directives of competent authority (for which DISCOM

wouldimmediately inform all the parties) then the tariff of the same would be payable 

bythe long term customer directly to the concerned agency (ies) through a sepa

rateAgreement to be entered by the Long term customer with the concerned agency 

(ies).H) AND WHEREAS Long term distribution customers have agreed to share and pay

all the wheeling charges of DISCOM  in accordance with the regulation/ tariff order

issued by State Electricity Regulatory Commission from time to time for the use of its

distribution System of the concerned Regions  in proportion to their proposed capacity

addition as indicated at Annexure-1 of this Agreement. These charges would be

shared and paid from the scheduled date of commissioning of respective generating

units as indicated at Annexure-1.I) AND WHEREAS it has become incumbent upon Long term distribution Customers

and DISCOM to enter in to Bulk Power wheeling Agreement as envisaged

under the Haryana Electricity Regulatory Commission Regulations, 2012 (including

their amendments if any) for payment of above wheeling charges.J) AND WHEREAS the Bulk Power Transmission Agreement has already been entered

into between DISCOM and Bulk Power Beneficiaries of all the regions. A copyof

BPWA entered into with constituents of Northern Regiondated --------------, Western Region dated --------------, Eastern Region dated -------

----,North Eastern Region dated-------------- and Southern Region dated --------------- 

areenclosed at Annexure A, Annexure B, Annexure C , Annexure D and Annexur

e Erespectively. These agreements are likely to be replaced on its renewal.

Therenewed/modified agreements would be generally in line with the Transmis

Page 21: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

sionService Agreement (WSA) issued by Ministry of Power as part of standard 

biddocuments for competitive bidding for distribution in accordance with Section 6

3 ofthe Act. Accordingly, on replacement of  renewed/modified agreement in line 

withWSA, the same would become part of this agreement.

K) AND WHEREAS the Long term distribution customer is desirous of wheeling  its

power to its consumers through long term open access on the same terms and

conditions as contained in the Bulk Power Transmission Agreement of the

respective Region. Words and expressions used and defined in theBulk

Power Transmission Agreement at Annexure A, B, C  , D and E shall have the

same meaning assigned to them under the Electricity Act 2003 or Grid code or

Haryana Electricity Regulatory Commission Regulations, 2012 as the case may be

(including their amendments  if any). Now, therefore in consideration of the premises

and mutual agreements, covenants and conditions set forth herein, and inthe

Agreement as contained in the Annexure A, B, C, D and E attached hereto which

shall form an integral part of this Agreement, it is hereby agreed by and between

the parties as follows:

1.0 In accordance with Haryana Electricity Regulatory Commission Regulations, 

2012and Electricity Act 2003 (including their amendment if any) and  in accorda

ncewith the term mentioned above DISCOM agrees to provide such open acc

essrequired by these Long Term Distribution Customers from the date and in 

themanner mentioned in  the Annexure1,Annexure 2, Annexure 3 and Annexure 

4 ofthis agreement for a period of ……… years from the schedule date of 

generationof individual long- term open access customers.

Page 22: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

2.0(a) Long term distribution customer shall share and pay the Transmis

sioncharges in accordance with the regulation/tariff order issued by 

StateElectricity Regulatory Commission from time to time of DISC

OMdistribution system of concerned applicable Region. These charges would

beapplicable corresponding to the capacity of power contracted

fromthe said generation project through open access from the scheduled 

dateof commissioning of generating projects as indicated at

Annexure-Iirrespective of their actual date of commissioning.

(b) Long term distribution customer shall share and pay the Transmission charges

of the distribution system detailed in Annexure-3 in accordance with the

sharing mechanism detailed  in Annexure-4. In case,  in future, anyother

long-term distribution customer(s) is/are granted open access through thedistribution system detailed at Annexure-3 (subject to technical

feasibility),he/they would also share the applicable Transmission charges.

(c) Each Long term distribution customer its successor/assignee shall pay the

applicable Transmission charges from the date of commissioning of the respective

distribution system which would not be prior to the schedule

commissioning date of generating units as indicated by of the respective

developer as per Annexure-1. The commissioning of distribution system would be

pre-poned only if the same is agreed mutually by concerned parties.(d) In addition to opening of LC for two month of estimated average 

monthlybilling for charges mentioned at 2(a) and 2(b) above, Long-

Termdistribution customer would provide security in the form of irrevocable B

ankGuarantee (BG), in favour of DISCOM, equivalent to two months estim

ated

Page 23: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

average monthly billing, three months prior to the scheduled date of

commissioning of generating units as indicated at Annexure-1. Initially the

security mechanism shall be valid for a minimum period of three (3) years and

shall be renewed from time to time till the expiry of the open access.(e) The estimated average Transmission charges would be reviewed every six 

monthsand accordingly the amount of security would be enhanced/ reduced for 

longterm distribution customers. (f) In case the long term distribution customer defa

ultsin payment of the monthly charges of ------------------ bills then 

--------------------------.shall be entitled to encash/adjust the BG immediately.

(g) In case of encashment / adjustment of the BG by H--------------------------

---------------. against non-payment of monthly charges by long-term distribution

customer, the same should be immediately replenished/recouped by long-term

distribution customers before the next billing cycle.(h) The format for bank guarantee is enclosed as Annexure-X. The B

ankGuarantee shall be issued by: A Public Sector Bank, or Scheduled Indian B

ankhaving paid up capital (net of accumulated losses) of Rs. 100 cror

e orabove(duly supported by latest annual report) and also satisfying

theminimum capital adequacy  requirement, or Any foreign Bank with

overallInternational corporate rating or rating of long term debt not less than A– 

( Aminus) or equivalent by reputed rating agency.

3.0 State Load Despatch Centre agrees to provide Long Term Open Access

required by Long term distribution customer as per the details mentioned above

and in accordance with the Regulations under the HaryanaElectricity Regulatory

Commission Regulations, 2012 and conditions specified by the HERC from time

Page 24: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

to time. However, during the tenure of this agreement if any of the covenants

and conditions recited in this agreement including agreementsat

Annexure- A, B, C and D found  inconsistent with the provisionsof

the Electricity Act 2003 and/or applicable notifications/rules/regulations

issued either by HERC or by HP as per the provisions of theElectricity

Act then not withstanding anything contained in the agreement referred  to

above, the said rules and regulations shall prevail.4.0 Copy of  the agreements entered with Northern Region dated-------------(Annexure-A

shall form part and parcel of this Agreement and accordingly, all

terms and conditions of agreements dated --------------, ------ ------, ---------- and --------

-- shall mutatis mutandis apply to the Long term distribution customer. Any

revision, replacement, modification and extension of these agreements shall

also apply to the Long term distribution customer.5.0 The Long term distribution customer shall not relinquish or transfer  its rights

and obligations specified in the Bulk PowerTransmission

Agreement, without prior approval of DISCOM and HERC and subject

to payment of compensation in accordance with the HERC Regulations issued

from time to time.6.0

(a) In case any of the developers fail to construct thegenerating

station/dedicated distribution system or makes an exit or abandon its project,

DISCOM shall have the right to collect the Transmission charges and/

or damages as the case may be in accordance with the

notification/regulation issued by HERC from time to time. The

developer shall  furnish a Bank guarantee  from a nationalized bank for an 

Page 25: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

amountwhich shall be equivalent to Rs.5 (five) Lakhs/MW to compensate

suchdamages. The bank guarantee format  is enclosed as Annexure-Y. The 

detailsand categories of bank would be in accordance with clause 2  (h) above.

TheBank guarantee would be furnished in favour of DISCOM within 3 (th

ree)months of signing of this Agreement.

(b) This bank guarantee would be initially valid for a period of six months

after the expected date of commissioning schedule of generating unit(s)

mentioned at Annexure-1 or actual date of commissioning whichever is earlier.

The bank guarantee would be encashed by DISCOM in case of adverse

progress of individual generating unit(s) assessed during coordination meeting

as per para 7 below. However, the validity should be extended by concerned

Long Term distribution customer(s) as per the requirement to be indicated

during co-ordination meeting.(c) The DISCOM shall build distribution system included at Annexure- 3 kee

pingview of various commissioning schedules, however, till the completion of 

identifieddistribution elements the transfer of power will be based on 

theavailability of system on short term basis.

(d) In the event of delay in commissioning of concerned distribution system

from its schedule, as indicated at Annexure-4 DISCOM shall pay proportionate

Transmission charges to concerned Long Term Open Access Customer(s)

proportionate to its commissioned capacity (which otherwise would have

been paid by the concerned Long Term Open Access Customer (s) to

DISCOM provided generation is ready and DISCOM fails to make alternate

Page 26: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

arrangement for dispatch of power.7.0 In order to monitor/ review the progress of generating units along with  its direct

evacuation lines and also the common distribution system, Joint co-ordination

meeting with the representative of each developers and DISCOMshall

be held at regular interval (preferably quarterly) after signing of this

Agreement.8.0 All differences/disputes between  the parties arising out of or  in connection with this

Agreement shall be resolved  in terms of the Redressal Mechanism provided under

Regulation 33 & 37 of the HERC Regulations, 2012 and under Electricity Act

2003.9.0 The parties shall ensure due compliance with the terms of

thisAgreement. However, no party shall be liable for any claim for any loss or 

damagewhatsoever arising out of failure to carry out the terms of the 

Agreement tothe extent that such a  failure is due to force majeure events such as 

war,rebellion, mutiny, civil commotion, riot, strike, lock out, fire, flood, forces 

ofnature, major accident, act of God, change of law and any other cau

sesbeyond  the control of  the defaulting party. But any party claiming the be

nefitof this clause shall satisfy the other party of the existence of such an

eventand give written notice of 30 days to the other party to this eff

ect.Distribution/drawal of power shall be started as soon as practicable by the 

partiesconcerned after such eventuality has come to an end or ceased to exist.

10.0 In the event of finalization of beneficiaries by the developerstheapplicable Transmission charges and other charges covered under

thisagreement would be payable by the concerned beneficiary. These char

ges

Page 27: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

would be effective only from the date of signing of agreement by concerned

beneficiary with DISCOM for the validity period of open access.11.0 This Agreement shall be valid from the date of signing of this agreement till 

thevalidity of open access subject to its revision as may be made by the 

partiesto this Agreement provided that this Agreement may be mutually

extended,renewed or replaced by another Agreement on such terms and for s

uchfurther period as the parties may mutually agree. In case Long

TermDistribution Customers continue to get distribution services from

theDISCOM even after expiry of this Agreement without further renewal or 

formalextension thereof, then all the provisions of this Agreement shall 

continueto operate till this Agreement is formally renewed, extended or replaced.

In witness whereof both the parties have executed this Agreement throughtheir

authorized representative.

Witness For and on behalf of company For and on behalf of HVPNL

• Signature :……………………… Signature:……………………..Name:…………………………. Name:…………………………Designation…………………….. Designation……………………

2. For and on behalf ofCompany ASignature :……………………… Signature:Name:…………………………. Name:……………………………Designation…………………….. Designation………………………

3. For and on behalf ofCompany ZSignature :……………………… Signature:……………………..Name:…………………………. Name:……………………........Designation…………………….. Designation……………............

Page 28: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

Sl.No

Applicant Gen.ProjectCapacity(MW)

LTOAAppliedfor(MW)

Location Time Frame(Unit wise

Long Term Accessgranted

123Annexure-1

List of Gen Projects and their beneficiariesDetails of Generation Projects ………………..

Annexure-2

Distribution system to be implemented by Generation project developers and itsSchedule of commissioning

Sr. No. Name of Scheme & Elements1.2.3.4.

Note:

a) The termination of the line as well as location of pooling station is subject to m

inorchanges depending upon final survey and physical constraint, if any.

b) In case of any major development, if there is any change in the distribution

system to achieve overall optimization of the system, then, above details would be

modified on mutual consent.c) In case, in future, any other long-term distribution customer(s) is/are granted o

penaccess through the distribution system detailed at Annexure-3 (subject to tech

nicalfeasibility), he/they would also share the applicable Transmission charges.

Annexure-3

Transmission System under the Scope of HVPNL

Sr. No. Name of Scheme & Elements1.2.

Page 29: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

3.

Note:1. The termination of the line as well as location of pooling station is subject to minor

changes depending upon final survey and physical constraint, if any.2. In case of any major development, if there is any change in

thedistribution system to achieve overall optimization of the system, then,

abovedetails would be modified on mutual consent.

3. In case,  in future, any other long-term distribution customer(s) is/are granted open

access through the distribution system detailed at Annexure-3 (subject  to technical

feasibility), he/they would also share the applicable Transmission charges.Annexur

e-4

Transmission Charges for the Transmission/ distribution system of respectiveGeneration Projects

The Transmission charges for different stages of the distribution system would be borne by 

thegeneration developers/beneficiaries as given below:

• The dedicated distribution system indicated at Annexure-2 i.e. from the 

generationswitchyard up to various pooling points/substations shall be built, owned 

andoperated by the generation project developer.

• However, some of the dedicated distribution system indicated atAnnexure-3 i.e. from the generation switchyard up to various

poolingpoints/substations shall be built, owned and operated by DISCOM. 

TheTransmission charges for these dedicated distribution system shall be paid by 

theconcerned generation developers.

• The charges for the distribution system (other than the dedicated system) indicated

Page 30: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

at Annexure-3 would be borne by the generation developers in proportion to

capacity for which long term open access has been sought. The Transmission

charges will be corresponding to phased development ofdistribution system and in each time frame, charges should be shared by all 

thegeneration developer whose generation projects are scheduled to come up  in 

thattime frame or earlier.

• The long term Open Access Applicants would also have to share the

applicable State Transmission charges in proportion to the Longterm

capacity sought by them as per HERC norm.

• As the distribution system has been evolved considering

targetbeneficiaries and tentative allocation indicated by the developer(s) in their applicat

ion,some distribution strengthening may be required in the receiving end/re

giononce the beneficiaries/quantum of allocation is finalized. The cost/tariff of s

uchsystem strengthening would also have to be borne by the developer(s) as and 

whenidentified.

• In the event of default by any developer under Clause 5 and 6 of this

Agreement, the Transmission charges for the system mentioned at Annexure-3

would be shared by balance developers. However, the damages collected (if

any)from the defaulting developer(s) under clause 5 & 6 of  this agreement shall 

beadjusted for the purpose of claiming Transmission charges from the bala

nce(remaining) developers.

The composite distribution scheme would be developed in phases keeping in view thecommissioning schedule of generation project. Depending upon the status of vari

Page 31: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

ousgeneration projects as informed by different generation developers, the details of phasingof development of distribution system has been evolved. Details of staging are described asfollows –

1.0 Stage-I

1.1 Generation project and its schedule

…………..

……………

1.2 Distribution System

1.2.1 Distribution system to be developed by the generation developer and its schedule…………..…………..

1.2.2 Distribution system to be developed by HVPNL and its schedule…………..…………..Sharing of Transmission charges by above developers.

2.0 Stage-I2.1 Generation project and its schedule

…………..……………

2.2 Distribution System2.2.1 Distribution system to be developed by the generation developer and its schedule

…………..…………..

2.2.2 Distribution system to be developed by HVPNL its schedule…………..Sharing of Transmission charges by above developers.

Note: In case, in future, any other long-term is/are granted open access through the

distribution system detailed at Annexure-3 (subject to technical feasibility), he/they would

also share the applicable Transmission charges.ANNEXURE-X 

(LTOA)

Page 32: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

PROFORMA FOR BANK GUARANTEE(To be stamped in accordance with stamp Act)

Ref…………….. Bank Guarantee No………………. Dated ……..……..

To

Dear Sirs,

In consideration of the Haryana Vidyut Prasaran Nigam Ltd. (here  in after referred to 

asthe, HVPNL which expression shall unless repugnant to the context or meaning thereofinclude its successors, administrators and assigns) agreed to provide its servicesrelates to Distribution to ………………………having its registered office at_____(hereinafter  referred to as the ……………………….which expression shall unlessrepugnant to the context or meaning thereof include its successors, administrators andassigns) resulting in the Agreement dated ____________with charges valued at Rs_____________. And whereas the said Agreement has been unequivocally accepted by the…………and the …………….having agreed to provide a Bank Guarantee

infavour of the HVPNL as payment security guaranteeing to bear the

fullcharges of HVPNL distribution system amounting to Rs ___________for a period of________. And whereas _______________Bank, a body incorporated underthe____________ law, having its branch office at _______________________ and itsRegistered/Head Office at ____________________hereinafter referred to as the

Bankwhich expression shall unless repugnant to the context or meaning

thereofinclude its successors, administrators, executors and permitted assigns, do

Page 33: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

herebyguarantee and undertake to pay the HVPNL on its first written demand

anyand all monies payable by the ………………………in respect of the saidTransmission charges/SLDC charges without any demur, reservation, contest, recourse orprotest and/or without any reference to the…………………. Any such demand made by theHVPNL on the Bank shall be conclusive and binding notwithstanding any difference betweenthe HVPNL and …………………..or any dispute pending before any Court, Tribunal, Arbitratoror any other authority. The Bank undertakes not to revoke this guarantee during its currencywithout previous written consent of the HVPNL and further agrees that the guarantee hereincontained shall continue to be enforceable till the HVPNL discharges the guarantee. Thedecision of the HVPNL declaring the ……………………..to be payment default as aforesaidshall be final and binding on the Bank. The HVPNL shall have the fullest liberty withoutaffecting this guarantee, to postpone from time to time the exercise of any powers vested inthem or of any right which they might have against the ……………… and to exercise the sameat any time in any manner, and either to enforce or to forbear to enforce any covenants,contained or implied between the HVPNL and the ……………………. or any other course orremedy or security available  to  the HVPNL The Bank shall not be released of its obligationsunder these presents by any exercise HVPNL or its liberty with reference to the mattersaforesaid or any of them or by reason of any other act of omission or commission on the part ofthe HVPNL or any other indulgence shown by HVPNL or by any other matter or thingwhatsoever which under law would, but for this provision have the effect of relieving the Bank.

The Bank also agrees that the HVPNL at its option shall be entitled to enforce thisGuarantee against the Bank as a principal debtor, in the first instance without proceeding

Page 34: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

against  the ……………. and notwithstanding any security or other guarantee the HVPNL mayhave in relation to the ……………….. liabilities. Notwithstanding anything contained hereinabove the Bank’ s liability under this guarantee is restricted to Rs. ________and it shall remainin force up to and including _________ and shall be extended from time to time for suchperiod (notexceeding one year), as may be desired by the………….on whose behalf this guarantee hasbeen given. These presents shall be governed by and construed in accordance with IndianLaws. The Bank hereby declares that it has the power to issue this Guarantee and theundersigned has full power to do so.

Dated this……………….day of …………..20 at……………

WITNESS

…………………….. ..................................................

(Signature) (Signature)

………………………. ………………………………….

(Name) (Name)

……………………………. …………………………………….(Official Address) (Designation with Bank Stamp)

Annexure-Y

PROFORMA OF BANK GUARANTEE FOR PERFORMANCE(To be stamped in accordance with Stamp Act)

Ref. ………………………Bank Guarantee No.…………… Date …………………………

ToChief Engineer/SO & CommercialSector-6 Shakti BhavanHVPNL Panchkula

Dear Sirs,In consideration of the HVPNL Ltd., (hereinafter referred to as the HVPNL which

Page 35: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

expression shall unless repugnant to the context or meaning thereof includeits

successors, administrators and assigns) having signed an agreement No………………dated………………….with LONG TERM CUSTOMER (Name ofCustomer………………………..with its Registered/ Head office at………………… hereinafterreferred to as the “LTOA CUSTOMER ” which expression shall unless

repugnant tothe context or meaning thereof, include its successors, administrators, executors andassigns)

WHEREAS it has been agreed by the LTOA customer in the said Agreement that in cas

e offailure/delay to construct the generating station/dedicated distribution system ormakes an exit or abandon its project by LTOA CUSTOMER, HVPNL shall have the rightto collect the Transmission charges and or damages considering the total estimatedcapital investment to be made by HVPNL for total scheduled injection by LTOACUSTOMER for an amount which shall be equivalent to the amount calculated based on thescheduled MW capacity of the project @ Rs. ……….Lakh/MW to compensatesuch damages. AND WHEREAS as per the aforesaid agreement LTOA customer is requiredto furnish a Bank Guarantee for a sum of Rs……….(Rupees……..) as a security forfulfilling its commitments to HVPNL as stipulated under Clause 05 of  the said Agreement.We……(Name & Address of the Bank)…….having  its Head Office at……………………(hereinafter referred to as the Bank  , which expression shall, unless repugnant to thecontext or meaning thereof, include its successors, administrators, executors and assigns)do hereby guarantee and undertake to pay the HVPNL on demand any and all moniespayable by the LTOA CUSTOMER to the extent of …………………………….. as aforesaidat any time up to………………**……………………(days/month/year) without any demur,reservation, context, recourse or protest and/or without any reference to the LT

Page 36: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

OACUSTOMER. Any such demand made by the HVPNL on the Bank shall be conclusive andbinding not withstanding any difference between the HVPNL and the LTOA CUSTOMERor any dispute pending before any Court, Tribunal, Arbitrator or any other authority. TheBank undertakes not to revoke this guarantee during its currency without previousconsent of the HVPNL and further agrees that the guarantee herein contained shallcontinue to be enforceable till the HVPNL discharges this guarantee. The HVPNL shall havethe  fullest liberty without affecting  in any way the liability of the Bank under this guarantee,from time to time to extend the time for performance of the obligations under the saidagreement by the LTOA CUSTOMER. The HVPNL shall have the fullest liberty,without affecting this guarantee, to postpone from time to time  the exercise of

anypowers vested in them or of any right which they might have against  the LTOACUSTOMER, and to exercise the same at any time in any manner, and either to

enforceor to  forbear to enforce any covenants, contained or implied, in the Agreement betweenthe HVPNL and the LTOA CUSTOMER or any other course or remedy or securityavailable to the HVPNL . The Bank shall not be released of its obligations under thesepresents by any exercise by the HVPNL of its liberty with reference to the mattersaforesaid or any of  them or by  reason of any other act of omission or commission on

thepart of the HVPNL or any other  indulgences shown by the HVPNL or by any othermatter or  thing whatsoever which under law would, but for this provision have  the effect ofrelieving the Bank. The Bank also agrees that the HVPNL at its option shall be entitledto enforce this Guarantee against the Bank as a principal debtor, in the first instancewithout proceeding against the LTOA CUSTOMER and not withstanding any security 

Page 37: Manikaran Power Limited - MPL€¦ · Web view6.We undertake to provide reliable and efficient speech and data communication system to facilitate necessary communication and data

orother guarantee the HVPNL may have in relation to the LTOA CUSTOMER’s liabilities.Notwithstanding anything contained hereinabove our liability under this guarantee isrestricted to………......anditshall remaininforceuptoandincluding…………….. and shall be extended from time to time for such period (notexceeding ……….. year), as may be desired by M/s …………….on whose behalf thisguarantee has been given.

Dated this…………….day of …………………20………………….at…………………

Witness………………………… …………………………………

Signature) (Signature)…………………………. …… ………………………….…(Name) (Name)………………………………. ………………………..(Official Address) (Designation with Bank Stamp)Attorney as per Power of Attorney No. ……………….Date ...………………………….

Note:1. The stamp papers of appropriate value shall be purchased in the name of issuing Bank.

General :-