You are on page 1of 1

Change this to

a) 10% Contract price advance (“Advance Payment”) upon the Effective Date
and Developer received:

(i) payment request from the EPC Company;

(ii) Agreement is signed by Parties; Advance payment Bank Guarantee


equal to 10% of Contract Price (valid until the date of Completion
Acceptance Minutes)

b) 40% Contract price upon the EPC Commapny supply Solar Modules and
Inverters at site and Developer received:

(i) payment request from the EPC Company

(ii) Equipment Handover Minutes is signed by Parties;

(iii) VAT Invoice equal to 60% of Contract Price.

c) 45% Contract price upon installation of solar power system and Developer
received:

(i) 20%payment request from the EPC Company for BoS supply
5%against installation of project;;

(ii) (ii) 5% on comissioning of the project and 15% Acceptance Minutes


is signed by Developer (Except as stated in Article 6.4);

(iii) VAT invoice equal to 40% of Contract Price; (iv) Test reports, Warranty
certificates…..

d) 5% Contract price after the EPC Company supply Warranty Guarantee equal
to 5% Contract price valid 24 months from the date of Completion
Acceptance Minutes

You might also like