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Power Sales Agreement
"I need a Power Sales Agreement for a new 50MW solar facility in Singapore, with delivery starting from March 2025, including specific provisions for renewable energy certificates and grid connection requirements for solar power."
1. Parties: Identification of seller and buyer, including registration details and addresses
2. Background: Context of the agreement, including facility details and purpose of power sale
3. Definitions: Key terms used throughout the agreement including references to relevant Singapore legislation (Electricity Act, EMA Act, Market Rules)
4. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments, compliance with EMA regulations and Market Rules
5. Price and Payment Terms: Pricing structure, billing procedures, and payment terms in accordance with Singapore market requirements
6. Term and Termination: Duration of agreement and termination provisions, including regulatory compliance requirements
7. Metering and Testing: Requirements for measurement and verification of power delivery as per Singapore Metering Code
8. Force Majeure: Events excusing performance and related procedures under Singapore law
1. Carbon Credits: Treatment of environmental attributes and compliance with Carbon Pricing Act
2. Performance Security: Requirements for performance bonds or guarantees under Singapore law
3. Grid Connection: Responsibilities for grid connection and maintenance as per Transmission Code
4. Development Milestones: Construction and development timeline requirements including necessary permits and licenses
1. Technical Specifications: Detailed technical parameters of the power facility in compliance with Singapore Standards
2. Pricing Formula: Detailed calculation methodology for power prices including vesting contract requirements if applicable
3. Testing Procedures: Procedures for testing and commissioning according to EMA requirements
4. Performance Standards: Required operational and performance standards under Singapore regulations
5. Metering Specifications: Technical requirements for metering equipment as per Singapore Metering Code
6. Form of Performance Security: Template for performance bonds or guarantees compliant with Singapore law
7. Operating Procedures: Detailed operational protocols and procedures in accordance with Market Rules
8. Insurance Requirements: Required insurance coverage details as per Singapore regulatory requirements
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