Physical Power Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Physical Power Purchase Agreement

"Need a Physical Power Purchase Agreement for a 50MW solar facility in Singapore, with delivery starting March 2025, including specific provisions for green certificates and curtailment rights."

Document background
Physical Power Purchase Agreements are essential contracts in Singapore's electricity market, used when parties wish to establish a direct relationship for the physical supply of electricity. These agreements are particularly relevant given Singapore's liberalized electricity market and increasing focus on renewable energy integration. The document typically includes detailed provisions for power delivery, pricing, technical specifications, and regulatory compliance, all structured within Singapore's legal framework. A Physical Power Purchase Agreement is crucial for both traditional and renewable energy projects, providing certainty for both generators and purchasers while ensuring compliance with EMA requirements.
Suggested Sections

1. Parties: Identification and details of the power generator and purchaser

2. Background: Context of the agreement and brief description of the project

3. Definitions: Key terms used tHRoughout the agreement including technical, commercial, and regulatory definitions

4. Sale and Purchase Obligations: Core obligations regarding electricity supply and purchase, including delivery commitments and take-or-pay provisions

5. Delivery Point and Title: Specification of where electricity is delivered and transfer of ownership

6. Term and Termination: Duration of agreement, renewal options, and termination provisions including events of default

7. Price and Payment: Pricing mechanism, payment terms, invoicing procedures, and dispute resolution for payments

8. Metering: Requirements for measurement and verification of electricity delivery, including meter specifications and reading procedures

9. Force Majeure: Events considered force majeure and their consequences on contractual obligations

10. Representations and Warranties: Standard and specific warranties from both parties regarding capacity, authority, and compliance

Optional Sections

1. Development and Construction: Construction milestones, testing requirements, and completion criteria for new facilities

2. Green Attributes: Provisions regarding renewable energy certificates and environmental attributes

3. Interconnection: Grid connection requirements, responsibilities, and cost allocation

4. Credit Support: Requirements for performance security, parent guarantees, or other credit support mechanisms

Suggested Schedules

1. Facility Description: Technical specifications of the generation facility including capacity and technology details

2. Testing and Commissioning Procedures: Detailed procedures for facility testing and commissioning

3. Operating Procedures: Detailed operational requirements, maintenance schedules, and communication protocols

4. Pricing Formula: Detailed calculation methodology for electricity prices including any adjustments and indexation

5. Performance Standards: Technical and operational performance requirements including availability and reliability metrics

6. Form of Performance Security: Template for performance bonds, bank guarantees, or other security instruments

Authors

Alex Denne

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

Relevant legal definitions
Clauses
Industries

Electricity Act 2001: Primary legislation governing electricity generation, transmission, supply, and retail markets. Includes licensing requirements for electricity generators and technical/safety standards.

Energy Market Authority of Singapore Act: Establishes the Energy Market Authority (EMA) as the primary regulator and provides framework for oversight of electricity market.

Energy Conservation Act: Specifies energy efficiency requirements and reporting obligations for energy intensive companies and facilities.

Singapore Electricity Market Rules: Detailed framework for market operations, settlement procedures, and technical requirements for market participants.

Transmission Code: Technical standards and requirements for grid connection, including operating procedures and connection specifications.

Metering Code: Standards for metering infrastructure, data collection procedures, and verification requirements.

Environmental Protection and Management Act: Environmental standards and emissions requirements applicable to power generation facilities.

Contract Law (Chapter 53): General contract law principles governing contract formation, enforcement, and remedies for breach.

Competition Act: Regulations regarding anti-competitive behavior and market power considerations in the electricity market.

Companies Act: Corporate governance requirements and financial reporting obligations for companies operating in Singapore.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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