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Power Supply Agreement
"Need a Power Supply Agreement for our new data center in Singapore, with an annual consumption of 50MW and specific provisions for backup power systems, starting from March 2025 with a 10-year term."
1. Parties: Identification and details of the power supplier and purchaser
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including technical and regulatory terms
4. Supply Obligations: Core obligations regarding power supply, capacity, availability and reliability standards
5. Pricing and Payment Terms: Tariff structure, billing cycles, payment terms and adjustment mechanisms
6. Term and Termination: Duration of agreement, renewal options and termination circumstances
7. Technical Requirements: Technical specifications, compliance standards and operational requirements
8. Metering and Billing: Requirements for metering equipment, reading procedures and billing processes
9. Maintenance and Outages: Planned maintenance schedules, notification requirements and emergency procedures
10. Regulatory Compliance: Compliance with Singapore electricity laws, EMA regulations and market rules
1. Carbon Credits: Provisions for green energy certificates and carbon trading when dealing with renewable energy sources
2. Force Majeure: Provisions for unforeseen circumstances affecting performance obligations
3. Step-in Rights: Rights of lenders or third parties to take control in project financing scenarios
4. Change in Law: Provisions addressing regulatory changes and their impact on the agreement
5. Interconnection Requirements: Specific provisions for grid connection and interface requirements
1. Technical Specifications Schedule: Detailed technical requirements, standards and performance specifications
2. Pricing Schedule: Detailed pricing mechanisms, calculations and adjustment formulas
3. Performance Standards Schedule: Specific performance metrics, testing requirements and compliance standards
4. Testing Procedures Schedule: Procedures for testing, commissioning and performance verification
5. Metering Requirements Schedule: Detailed specifications for metering equipment and measurement procedures
6. Operating Procedures Schedule: Day-to-day operational procedures and emergency protocols
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