POWER PURCHASE AGREEMENT FOR WIND POWER PROJECTS

Power Purchase Agreement (PPA) is one of the mandatory conditions to start construction and construction of the wind power project. Lincon Law Firm provides legal advice on the power purchase agreement for wind power projects as follows:

According to Circular 02/2019/TT-BCT on regulations for the implementation of wind power project development and power purchase agreements for wind power projects, the power purchase agreement for wind power projects must include the following main contents:

Article 1. Definitions;

Article 2. Delivery, purchase and sale of electricity;

Article 3. Connection, metering;

Article 4. Operation of the power plant;

Article 5. Invoicing and payment;

Article 6. Force majeure;

Article 7. Contract term;

Article 8. Breach of contract, compensation for damages and termination of the contract;

Article 9. Dispute resolution;

Article 10. Assignment, transfer and restructuring;

Article 11. Other agreements;

Article 12. Commitment to implementation;

APPENDIX A: Connection agreement;

APPENDIX B: Technical specifications of the power plant;

APPENDIX C: Metering system and data collection;

APPENDIX D: Requirements before commercial operation;

APPENDIX E: Electricity payment;

APPENDIX G: Other agreements.

>> DRAFTING NOTICE ON TERMINATION OF HOUSE RENTAL CONTRACT FOR FOREIGNERS https://linconlaw.vn/drafting-notice-on-termination-of-house-rental-contract-for-foreigners/

>> LABOR ACCIDENTS – SETTLEMENT PROCEDURES https://linconlaw.vn/labor-accidents-settlement-procedures/

In addition, the detailed content of each clause and appendix of the power purchase agreement for wind power projects is also specified in Appendix 2 of Circular 02/2019/TT-BCT on regulations for the implementation of wind power project development and power purchase agreements for wind power projects.