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Power Sale Agreement

Power Sale Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Power Sale Agreement

"I need a Power Sale Agreement for a 50MW solar power plant in Riyadh, Saudi Arabia, with commercial operations starting March 2025, including provisions for renewable energy certificates and green attributes."

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Document background
The Power Sale Agreement is a fundamental document in Saudi Arabia's energy sector, essential for establishing legally binding arrangements between power generators and purchasers. This agreement type is particularly relevant in the context of Saudi Vision 2030's energy sector reforms, which aim to increase private sector participation and renewable energy integration. The document covers crucial aspects such as power delivery obligations, pricing structures, technical requirements, and compliance with Saudi regulatory frameworks. It's commonly used in both conventional and renewable power projects, requiring careful consideration of ECRA regulations, the Saudi Grid Code, and environmental requirements. The agreement's importance has grown with Saudi Arabia's push toward energy sector privatization and the development of independent power projects.
Suggested Sections

1. Parties: Identification of the power seller and purchaser, including full legal names and registration details

2. Background: Context of the agreement, including facility description and purpose of the agreement

3. Definitions and Interpretation: Comprehensive definitions of technical and legal terms used throughout the agreement

4. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of power, including minimum take-or-pay provisions

5. Term and Effectiveness: Duration of the agreement, including conditions precedent and effective date

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

7. Metering and Testing: Requirements for measuring delivered power and testing procedures

8. Price and Payment Terms: Pricing structure, billing procedures, and payment terms

9. Performance Security: Requirements for performance bonds or other security arrangements

10. Operation and Maintenance: Obligations regarding facility operation and maintenance

11. Grid Connection and Compliance: Requirements for grid connection and compliance with Grid Code

12. Force Majeure: Definition and consequences of force majeure events

13. Default and Termination: Events of default, remedies, and termination provisions

14. Liability and Indemnification: Allocation of risks and indemnification obligations

15. Dispute Resolution: Procedures for resolving disputes, including Saudi law requirements

16. Governing Law: Confirmation of Saudi law as governing law and related provisions

17. Notices: Procedures for formal communications between parties

18. Miscellaneous: Standard boilerplate provisions including assignment, amendments, etc.

Optional Sections

1. Renewable Energy Certificates: Required for renewable energy projects to address green certificates and environmental attributes

2. Government Incentives: Include when specific Saudi government incentives or support mechanisms apply

3. Currency and Exchange Rate: Required for international agreements with non-SAR payments

4. Insurance: Detailed insurance requirements beyond standard provisions

5. Local Content Requirements: Include when subject to Saudi Arabia's local content requirements

6. Step-in Rights: Include when required by lenders or government authorities

7. Change in Law: Detailed provisions for handling regulatory changes, particularly relevant during energy sector reform

8. Interconnection Provisions: Detailed provisions when complex grid interconnection arrangements are involved

Suggested Schedules

1. Technical Specifications: Detailed technical specifications of the power generation facility

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

3. Metering Specifications: Technical requirements for metering equipment and procedures

4. Performance Standards: Detailed performance requirements including availability and capacity

5. Pricing Formula and Adjustments: Detailed pricing calculations and adjustment mechanisms

6. Operating Procedures: Detailed procedures for daily operations and communications

7. Form of Performance Security: Template for required performance security documents

8. Grid Connection Requirements: Detailed technical requirements for grid connection

9. Environmental and Social Requirements: Detailed environmental and social compliance requirements

10. Forms of Certificates and Notices: Standard forms for various required certificates and notices

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

Infrastructure

Industrial Manufacturing

Oil & Gas

Construction

Mining

Real Estate Development

Healthcare Facilities

Data Centers

Relevant Teams

Legal

Commercial

Operations

Project Development

Risk Management

Regulatory Affairs

Technical

Finance

Environmental Compliance

Business Development

Grid Operations

Procurement

Asset Management

Relevant Roles

Chief Executive Officer

Legal Counsel

Project Director

Commercial Manager

Power Plant Manager

Energy Trading Manager

Regulatory Compliance Officer

Technical Director

Contract Manager

Risk Manager

Business Development Director

Operations Manager

Chief Financial Officer

Environmental Compliance Manager

Grid Connection Engineer

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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