New Power Purchase Agreement at the feed-in tariff approved by the NEURC

New PPA is adopted to support introduction of a new market model from 01 July 2019 and replace current PPA between Energorynok and a RES producer.

The producer shall request from the Guaranteed Buyer the conclusion of new PPA, filing a respective statement and following documents:

a copy of the Charter of the enterprise;
a copy of the order on appointment or decision on the election of the head of the company/authorized person;
a sample signature of the head/authorized person.

The candidate for electricity producers with signed pre-PPA shall also submit:

a document certifying the ownership or right to use the land;
a concluded agreement for grid connection of the RES facility;
a construction permit.

Separate provisions of new PPA are as follows:

producer shall be the member of the balancing group of the FiT producers;
producer shall submit the schedules of electricity output for every trading day;
issue and signing of respective electricity acceptance and delivery certificates;
producer is responsible for deviation of the daily schedules of actual electricity output by hours from the daily schedules of physical electricity output by hours and for delay of reimbursement of the share of imbalance settlement cost;
Guaranteed Buyer is liable for FiT payment procedure compliance;
producer is liable for untimely payment of the imbalances cost;
parties may choose the legal venue for dispute settlement at own discretion (the arbitration or the Economic Court of Ukraine);
change of procedure of the agreement amendment and of entry into force of the preliminary new PPA.