Document background
The Corporate Power Purchase Agreement template is designed for use in Hong Kong's unique energy market context, where power procurement must align with the territory's regulated electricity sector and environmental policies. This document is typically used when a corporate entity seeks to secure long-term power supply, often from renewable sources, either through physical delivery or financial settlement arrangements. It addresses critical aspects including energy pricing, delivery terms, performance guarantees, and regulatory compliance, while incorporating Hong Kong-specific requirements under the Scheme of Control Agreements and relevant ordinances. The template is particularly valuable for companies pursuing sustainability goals or seeking to manage long-term energy costs in Hong Kong, providing a structured framework for negotiating and documenting power purchase arrangements that comply with local regulatory requirements and market practices.
