A power purchase agreement is a written document which is made between a manufacturer of any form of power and a person or party who wishes to purchase the power by units. Such agreements are made under legally binding obligations which if violated can result in legal implications for the involved parties and termination of agreement takes place.
Sample Power Purchase Agreement:
This agreement has been made effective as on 1st May 2011 and shall be effective for 12 month’s time period.
Termination date of agreement: 1st May 2012
This agreement has been made between Mr. Greg Black who is herein referred to as the BUYER and Mr. Mathew Hayden who is herein referred to as the SELLER.
The details of the parties are given as follows:
Address: 34-j, first floor, Martha tower, London
Contact number: 470788034742
Address: r-8, first floor, Tom street, London
Contact number: 4709247020734
The SELLER deals in the manufacturing of solar power at solar power plants owned by him and agrees to sell the solar power to the BUYER as per order basis for 12 months time.
The following are the terms and conditions
The SELLER must sell the exact amount as ordered by the BUYER.
The BUYER must make the payments as per the amount of power ordered after receiving the order.
The SELLER cannot demand for advance payment under any circumstances.
The BUYER agrees to pay through cheque.
Both the parties hereby agree to the terms and conditions: