Buying Entity definition

Buying Entity means Distribution companies and shall include wherever admissible the Distribution licensees or buying entity in any State or any bulk consumer who agreed to purchase the solar power from SECI and execute the Power Sale Agreement from time to time with SECI, and requires Solar power to fulfil its solar RPO under respective RPO regulations;

Buying Entity means any Discom that requires wind power to fulfil its non- solar RPO under respective RPO regulations.

Buying Entity or “Buying Utility” shall mean an End Procurer as defined in the Guidelines who has agreed to purchase the Solar Power from SECI and has signed/will sign the Power Sale Agreement with SECI. It is clarified that all obligations of SECI under this Agreement shall be deemed to be the obligations of Buying Entities with which SECI has signed/will sign Power Sale Agreement.

Examples of Buying Entity in a sentence

• Grid unavailability in a Contract Year as beyond 50 hours in a Contract Year as defined in Article 1 Generation Compensation= (Tariff X RE Power (MW) offered but not scheduled by the Buying Entity) X 1000 X no.

• If the Force Majeure Event or its effects continue to be present beyond the period as specified in Article 4.5.3, termination of this Agreement shall be caused solely at the discretion of SECI after obtaining consent of Buying Entity and there shall not be any liability (to SECI/Buying Entity) arising out of such termination.

• If for any Contract Year, except for the Contract Year ending on 31st March immediately after the date of commencement of power from the Project, it is found that the WPD has not been able to supply minimum energy amounting to Million kWh (MU) [Insert values corresponding to a CUF of 80% of the declared CUF for the project or the modified CUF], save and except in case of Force Majeure, the WPD shall be liable to pay penalty to SECI to enable SECI to remit such penalty to the Buying Entity (ies).

• The WPD and the Buying Entity shall follow the forecasting and scheduling process as per the regulations in this regard by the Appropriate Commission.

More Definitions of Buying Entity

Buying Entity means Distribution companies and shall include wherever admissible the Distribution licensees or buying entity in any State or any bulk consumer who agreed to purchase the Wind Power from SECI and execute the Power Sale Agreement from time to time with SECI, and requires Wind Power to fulfil its non-solar RPO under respective RPO regulations or to meet demand requirement;

Buying Entity means an End Procurer as defined in the Guidelines.

Buying Entity means any Discom that requires wind power to fulfil its non-solar RPO under respective RPO regulations;

Buying Entity means an Entity that requires Solar Power to fulfil its solar RPO under respective RPO regulations and intend to buy at least …….MW of Solar Power under this RfS.

Buying Entity. Means any entity that requires wind power to fulfil its non-solar RPO under respective RPO regulations and intend to buy at least 10 MW of wind power under this scheme.

Buying Entity means DISCOM / State Entity/Bulk consumer who have signed the agreement with SECI;

Buying Entity means any Discom/Bulk consumer or any other third-party consumer that, directly or through SECI, utilizes the BESS for meeting its power on demand requirements.