File #5911·S17·2 - "Expected Annual Production" means the expected annual production as stipulated by the Proponent in the Proposal and as agreed by the Minister and as specified in Schedule A; - "Fiscal Year" means the period beginning on...
AI summary The document defines key terms for a project agreement, including incentives, repayment mechanisms, and production thresholds. It outlines the Minister of Natural Resources' role, schedules for calculations, and the Standard Threshold Price of $120 per megawatt hour. The agreement specifies incentives at $10 per megawatt hour or $0.01 per kilowatt hour.
EXPECTED ANNUAL PRODUCTION AND INCENTIVE PAYMENT Total Eligible Capacity of Project: 30MW Expected Annual Production (365 days): 91.98 GWblYeal' Maximum Eligible Production for 10 Years: Equals Expected Annual Production divided by 365 day...
AI summary The document outlines a 30MW project with an expected annual production of 91.98 GWb (likely gigawatt-hours). It calculates a 10-year maximum incentive payment of $9,205,560.00, with annual payments of $919,800.00 for 365-day years and $922,320.00 for 366-day years, based on production eligibility and a $10.00 per unit rate.
ion, the Seller shall keep all records and other documentary evidence of any production incentives and payments contemplated in section 7.1 (d) and which may be necessary to establish, substantiate or
AI summary The Seller is required to maintain records of production incentives and payments under section 7.1(d), ensuring documentation to substantiate these financial aspects. This obligation relates to compliance with regulatory requirements for transparency and accountability in incentive management.