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Uptime Warranty Document
Uptime Warranty Document
Plant Availability ' shall mean the ratio of actual number of annual hours for which the
Power Plant are in a state of complete readiness to generate power subject to the External
Grid availability, and all other parameters referred hereunder, to the total number of available
hour. Plant Availability will be calculated as follows.
∑
100
∑
* The availability shall be calculated at inverter level and in relation to inverter down time,
log shall be maintained at site capturing that number of hours a inverter is down. The Protocol
for maintaining such log shall be mutually agreed at site.
The Parties acknowledge that the liquidated damages are a genuine pre-estimate of, and reasonable
compensation for, the loss and damage that shall be suffered by the Employer in the event of any such
failure on the part of the Contractor to meet the relevant Warranties obligations set forth under this
Agreement.