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Master Power Purchase And Sale Agreement

Master Power Purchase And Sale Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Master Power Purchase And Sale Agreement

"I need a Master Power Purchase and Sale Agreement for a 500MW solar power plant in Riyadh, Saudi Arabia, with commercial operations starting March 2025, including specific provisions for renewable energy credits and grid connection requirements."

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Document background
The Master Power Purchase And Sale Agreement serves as a foundational document for power trading relationships in Saudi Arabia's energy market. It is typically used when establishing long-term power supply arrangements between generators and bulk purchasers, providing a standardized framework that can be customized for specific projects. The agreement must comply with Saudi Arabian law, including Sharia principles and ECRA regulations, while addressing key commercial terms, technical requirements, and operational procedures. This document is particularly relevant in the context of Saudi Vision 2030's energy sector reforms and the kingdom's push toward renewable energy integration. It includes provisions for pricing, delivery points, metering, maintenance standards, and dispute resolution mechanisms, while incorporating necessary protections for both parties in line with local regulatory requirements.
Suggested Sections

1. Parties: Identification of the contracting parties, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including project overview and parties' objectives

3. Definitions: Comprehensive list of defined terms used throughout the agreement

4. Term and Termination: Duration of the agreement, renewal provisions, and termination circumstances

5. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments

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

7. Metering and Measurement: Requirements for measuring delivered power and maintaining metering equipment

8. Pricing and Payment: Price structure, payment terms, and billing procedures (Sharia-compliant)

9. Operation and Maintenance: Standards for facility operation and maintenance requirements

10. Force Majeure: Events constituting force majeure and consequent rights and obligations

11. Default and Remedies: Events of default and available remedies for non-defaulting party

12. Dispute Resolution: Procedures for resolving disputes, including arbitration provisions

13. Representations and Warranties: Standard representations and warranties from both parties

14. Liability and Indemnification: Allocation of risks and responsibilities between parties

15. Confidentiality: Protection of confidential information and trade secrets

16. Governing Law: Application of Saudi law and Sharia principles

17. Notices: Procedures for formal communications between parties

Optional Sections

1. Change in Law: Provisions addressing impact of regulatory changes, used when regulatory framework is evolving

2. Environmental Credits: Treatment of renewable energy credits or certificates, included for renewable power projects

3. Performance Security: Requirements for performance bonds or guarantees, used for high-value contracts

4. Insurance: Specific insurance requirements, included when standard insurance provisions are insufficient

5. Grid Connection: Terms regarding grid connection and compliance, used for direct grid-connected facilities

6. Testing and Commissioning: Procedures for initial testing, included for new facilities

7. Step-in Rights: Lender's step-in rights provisions, included when project financing is involved

8. Local Content: Saudi local content requirements, included when applicable to project scope

Suggested Schedules

1. Schedule 1 - Technical Specifications: Detailed technical parameters of the power facility and delivery specifications

2. Schedule 2 - Testing Procedures: Procedures for testing facility performance and compliance

3. Schedule 3 - Pricing Formula: Detailed pricing calculations and adjustment mechanisms

4. Schedule 4 - Operating Procedures: Day-to-day operational procedures and requirements

5. Schedule 5 - Metering Specifications: Technical requirements for metering equipment and procedures

6. Schedule 6 - Performance Standards: Required performance levels and measurement criteria

7. Schedule 7 - Forms of Notices: Standard forms for various notices under the agreement

8. Schedule 8 - Interconnection Requirements: Technical requirements for grid connection

9. Appendix A - Site Description: Detailed description and drawings of the facility site

10. Appendix B - Permits and Authorizations: List of required permits and regulatory approvals

11. Appendix C - Contact Information: Key contact persons and their details for both parties

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions
















































































Clauses






































Relevant Industries

Energy & Utilities

Power Generation

Renewable Energy

Industrial Manufacturing

Mining

Oil & Gas

Infrastructure

Commercial Real Estate

Data Centers

Healthcare

Education

Relevant Teams

Legal

Commercial

Operations

Regulatory Affairs

Risk Management

Finance

Technical

Procurement

Business Development

Sustainability

Compliance

Project Management

Relevant Roles

Energy Trading Manager

Power Plant Manager

Commercial Director

Legal Counsel

Regulatory Compliance Officer

Chief Technical Officer

Operations Director

Risk Manager

Contract Administrator

Business Development Manager

Project Finance Manager

Energy Procurement Manager

Sustainability Officer

Grid Connection Manager

Technical Due Diligence Manager

Industries










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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