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Commercial Power Purchase Agreement

Commercial Power Purchase Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Commercial Power Purchase Agreement

"I need a Commercial Power Purchase Agreement for a 50MW solar power facility in Riyadh, Saudi Arabia, with planned commercial operation date of March 2025, including specific provisions for renewable energy credits and grid connection requirements."

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Document background
The Commercial Power Purchase Agreement (PPA) is a crucial document in Saudi Arabia's energy sector, used to formalize long-term electricity supply arrangements between power generators and commercial/industrial consumers. It is essential for projects ranging from conventional power plants to renewable energy facilities, reflecting Saudi Arabia's evolving energy landscape and Vision 2030 objectives. The agreement must comply with ECRA regulations, Saudi electricity laws, and Sharia principles while addressing commercial aspects such as pricing mechanisms, delivery obligations, and performance standards. Typically used for arrangements lasting 5-25 years, this document includes detailed technical specifications, risk allocation provisions, and specific requirements for power delivery, making it fundamental for energy infrastructure development and industrial operations in Saudi Arabia.
Suggested Sections

1. Parties: Identification of the power seller (generator) and buyer, including their legal status and authority to contract

2. Background: Context of the agreement, including facility description and purpose of the arrangement

3. Definitions: Comprehensive definitions of technical and legal terms used throughout the agreement

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including minimum take-or-pay provisions

5. Term and Termination: Duration of the agreement, conditions for renewal, and termination rights

6. Delivery Point and Title: Specification of the point where electricity is delivered and title transfers

7. Metering and Testing: Requirements for measuring delivered electricity and testing procedures

8. Price and Payment: Pricing structure, payment terms, and invoicing procedures

9. Operation and Maintenance: Obligations regarding facility operation and maintenance standards

10. Force Majeure: Definition and consequences of force majeure events

11. Default and Remedies: Events of default and corresponding remedies

12. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions compliant with Saudi law

13. Governing Law: Specification of Saudi law as governing law and incorporation of Sharia principles

14. Notices: Procedures for formal communications between parties

15. Confidentiality: Obligations regarding confidential information

16. Assignment: Restrictions and conditions for transferring rights under the agreement

Optional Sections

1. Change in Law: Provisions addressing regulatory changes - include for long-term PPAs

2. Renewable Energy Credits: Provisions regarding ownership and trading of renewable energy credits - include for renewable energy projects

3. Grid Connection: Detailed provisions regarding grid interconnection - include if seller responsible for connection

4. Development and Construction: Provisions regarding facility construction - include for new facilities

5. Environmental Attributes: Allocation of environmental benefits and credits - include for green energy projects

6. Security Arrangements: Requirements for performance bonds or guarantees - include based on project risk assessment

7. Insurance: Specific insurance requirements - include based on risk profile

8. Local Content: Requirements for local content and Saudi participation - include if required by regulations

Suggested Schedules

1. Facility Description: Technical specifications of the generation facility

2. Testing Procedures: Detailed procedures for capacity and performance testing

3. Metering Specifications: Technical requirements for metering equipment and procedures

4. Pricing Formula: Detailed pricing calculations and adjustments

5. Operating Parameters: Technical operating specifications and requirements

6. Form of Generator Performance Security: Template for required performance security documents

7. Interconnection Requirements: Technical specifications for grid connection

8. Annual Supply Quantity: Specified quantities of electricity to be supplied

9. Key Performance Indicators: Performance metrics and standards

10. Form of Direct Agreement: Template for direct agreements with lenders if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Energy & Utilities

Manufacturing

Industrial Processing

Mining

Real Estate & Construction

Petrochemicals

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Retail & Commercial

Hospitality

Infrastructure

Renewable Energy

Relevant Teams

Legal

Operations

Finance

Procurement

Risk Management

Compliance

Technical Operations

Commercial

Business Development

Sustainability

Facilities Management

Project Management

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Chief Financial Officer

General Counsel

Legal Director

Commercial Director

Energy Procurement Manager

Facilities Manager

Operations Director

Project Finance Manager

Risk Manager

Sustainability Director

Technical Director

Contracts Manager

Power Plant Manager

Regulatory Compliance Officer

Business Development Director

Energy Trading Manager

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