draft standard transmission service agreement for ... - Ministry of Power

Draft Standard Transmission Services Agreement
“Contract Performance Guarantee” shall mean the irrevocable
unconditional bank guarantee, submitted and to be submitted by the TSP
or by the Selected Bidder on behalf of the TSP to the Long Term
Transmission Customers from a bank mentioned in Annexure 13 of the
RFP, in the form attached here to as Schedule 11, in accordance with
Article 3 of this Agreement and which shall include the additional bank
guarantee furnished by the TSP under this Agreement;
“Contract Year”, for the purpose of payment of Transmission Charges,
shall mean the period beginning on the COD, and ending on the
immediately succeeding March 31 and thereafter each period of 12
months beginning on April 1 and ending on March 31 provided that the
last Contract Year shall end on the last day of the term of the TSA;
“CTU” or “Central Transmission Utility” shall mean the utility notified
by the Central Government under Section-38 of the Electricity Act, 2003;
“Day” shall mean a day starting at 00:00 hours and ending at 2400 hours;
“D/C” shall mean Double Circuit;
“Dispute” shall mean any dispute or difference of any kind between a
Long Term Transmission Customer and the TSP or between the Long
Term Transmission Customers (jointly) and the TSP, in connection with or
arising out of this Agreement including any issue on the interpretation and
scope of the terms of this Agreement as provided in Article 16;
“Due Date” in relation to any Invoice shall mean the thirtieth day after the
date on which any Invoice is received and duly acknowledged by the Long
Term Transmission Customer (or, if that day is not a Business Day, the
immediately following Business Day), and by such date, the Invoice is
payable by the Long Term Transmission Customer;
“Effective Date” for the purposes of this Agreement, shall have the same
meaning as per Article 2.1 of this Agreement;
“Electrical Inspector” shall mean a person appointed as such by the
Appropriate Government under sub-section (1) of Section 162 of the
Electricity Act 2003 and also includes Chief Electrical Inspector;
“Electricity Rules 2005” shall mean the rules framed pursuant to the
Electricity Act 2003 and as amended from time to time;
“Element” shall mean each Transmission Line or each circuit of the
Transmission Lines (where there are more than one circuit) or each bay of
Sub-station or switching station or HVDC terminal or inverter station of the
Project, which has a separate Scheduled COD as per Schedule 3 of this
Agreement and has a separate percentage for recovery of Transmission
Charges on achieving COD as per Schedule 6 of this Agreement;
[Insert Name of the TSP] Page 8 of 109