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Change This To
Change This To
a) 10% Contract price advance (“Advance Payment”) upon the Effective Date
and Developer received:
b) 40% Contract price upon the EPC Commapny supply Solar Modules and
Inverters at site and Developer received:
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;;
(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