standardizedenergypurchaseagreement.docVIP

STANDARDIZED ENERGY PURCHASE AGREEMENT 8th DRAFT - 28 November 2006 [NAME OF PURCHASER] – and – [name of seller] ENERGY PURCHASE AGREEMENT Relating to A WIND POWERED [_____] MW (GROSS) POWER GENERATION COMPLEX at [IDENTIFY LOCATION], PROVINCE OF ___________, PAKISTAN MADE AT [__________], ISLAMIC REPUBLIC OF PAKISTAN ON __ _____________, 200_ Counsel for Purchaser Counsel for Seller Table of Contents ARTICLE I DEFINITIONS; RULES OF INTERPRETATION 2 Section 1.1 Definitions 2 Section 1.2 Rules of Interpretation 16 Section 1.3 Abbreviations 17 ARTICLE II EFFECTIVE DATE AND TERM 18 Section 2.1 Condition Precedent and Effective Date 18 Section 2.2 Term 18 Section 2.3 Seller Consents 19 Section 2.4 Appointment of the Operating Committee 19 Section 2.5 Operating Procedures 20 Section 2.6 Appointment of the Engineer 22 Section 2.7 Seller Letter of Credit 22 Section 2.8 Reaffirmation of Representations and Warranties 24 Section 2.9 Specification of Contract Capacity 24 Section 2.10 Benchmark Energy Table 25 ARTICLE III SALE AND PURCHASE OF ENERGY; CARBON CREDITS 28 Section 3.1 Sale and Purchase of Net Delivered Energy 28 Section 3.2 Carbon Credits 28 Section 3.3 Observance of Technical Limits 29 ARTICLE IV CONSTRUCTION OF THE COMPLEX 30 Section 4.1 Construction of the Complex 30 Section 4.2 Submission of Reports and Information 30 Section 4.3 Delivery of Electrical Power 32 Section 4.4 Purchaser Observation Visits 32 ARTICLE V CONTROL AND OPERATION OF COMPLEX 33 Section 5.1 Operation and Maintenance of the Complex 33 Section 5.2 Availability 33 Section 5.3 Forecasting of Net Delivered Energy 33 Section 5.4 Despatch Instructions 34 Section 5.5 Scheduled Outage 34 Section 5.6 Maintenance Outages 34 Section 5.7 Recording of Communications 35 Section 5.8 Emergency Set-Up and Curtailment Plans 35 Section 5.9 Employment of Qualified Personnel 35 Section 5.10 Operating Committee Duties 35 Section 5