Document background
The Physical Power Purchase Agreement (PPA) is a crucial document for establishing long-term electricity supply arrangements in Hong Kong's regulated power market. It is primarily used when organizations need to secure dedicated power supply, often in contexts involving significant power consumption or renewable energy projects. The agreement navigates Hong Kong's unique regulatory framework, including compliance with the Electricity Ordinance and Scheme of Control Agreements governing the territory's power sector. This document type is particularly relevant given Hong Kong's increasing focus on energy security, sustainability, and the integration of renewable energy sources into its power mix. The agreement covers all essential aspects of power supply, from technical specifications and delivery parameters to pricing mechanisms and risk allocation, while ensuring compliance with local regulatory requirements and industry standards.
