Document background
The Power Purchase Contract is a fundamental agreement used in Hong Kong's energy sector to establish a long-term arrangement between electricity generators and buyers. This document is essential when organizations need to secure a reliable power supply or when power producers seek to ensure a stable revenue stream from their generation assets. The agreement must comply with Hong Kong's regulatory framework, particularly the Electricity Ordinance and Scheme of Control Agreements, while addressing commercial, technical, and operational aspects of power supply. It's commonly used in various scenarios including renewable energy projects, industrial power supply arrangements, and infrastructure developments, incorporating specific provisions for Hong Kong's unique energy market structure and environmental requirements.
