Basic Design
means the Quality Control plan, the Time Schedule, the Single Line Diagram, the Site Layout, the Containers Drawings and the Cooling Calculation; 1.1.5. ″Battery Modules″ means any and all lithium-ion batteries modules provided under Annex 1, to be delivered pursuant this Agreement and to be installed in the Storage Power Plant in order to store the energy, as described in the Technical Specifications; 1.1.6. ″Xxxx″ means Battery Energy Storage System. 1.1.7. ″Xxxx Component″ means each component part of the Xxxx Equipment; 1.1.8. ″Xxxx Containers″ means all the Xxxx Equipment excluding the Battery Modules, as described in the Annex 1. 1.1.9. ″Xxxx Equipment″ means all container, inverters, control system, materials, supplies, apparatus, machinery, equipment, parts, tools, components, instruments, appliances, spare parts, Battery Modules and appurtenances thereto that are required for the design, construction and operation of the Storage Power Plant in accordance with the Technical Specifications and Good Industry Practice, as described in Annex 1. 1.1.10. ″Xxxx Equipment Design″ means the detailed design of the Xxxx Equipment to be executed by the Supplier as a further development of the Technical Specifications, in compliance with the sizing (i.e. capacity and power) of the Storage Power Plant to be provided by the Buyer; 1.1.11. ″Business Day″ means any day (other than a Saturday or a Sunday) on which banks are open in Johannesburg – South Africa for a full range of business; 1.1.12. ″Buyer Parent Company Guarantee″ means the guarantee to be issued by DRDGold Limited in favour of the Supplier in the form of Annex [9]; 1.1.13. ″Buyer’s Default″ has the meaning indicated in Article 14.2; 1.1.14. ″Change in Law″ means: 1.1.14.1. any enactment, promulgation, execution, ratification or issue of any new Law or any change, amendment, alteration, modification, repeal or commencement of any existing Law, or any change in the interpretation or application of any Law, by a competent court, tribunal or legislature in South Africa;
As a seasoned professional with a comprehensive understanding of the subject matter, I'd like to emphasize my expertise in the realm of energy storage systems, particularly in the context of the components and contractual aspects described in the provided text.
To establish my credibility, let me delve into the key concepts presented in the article:
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Basic Design:
- In the context of this article, "Basic Design" refers to a comprehensive plan that includes the Quality Control plan, Time Schedule, Single Line Diagram, Site Layout, Containers Drawings, and Cooling Calculation. This signifies a meticulous approach to the design and construction of a Storage Power Plant.
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Battery Modules:
- The term "Battery Modules" specifically pertains to lithium-ion batteries modules outlined in Annex 1 of the agreement. These modules play a crucial role in storing energy within the Storage Power Plant, as outlined in the Technical Specifications.
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Xxxx (Battery Energy Storage System):
- Referred to as "Xxxx," this term stands for Battery Energy Storage System. It encapsulates the entire system designed to store energy, likely encompassing the Battery Modules, Xxxx Equipment, and associated components.
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Xxxx Component:
- "Xxxx Component" denotes individual parts of the Xxxx Equipment. Each part, when combined, contributes to the overall functionality of the Battery Energy Storage System.
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Xxxx Containers:
- These are the containers housing the Xxxx Equipment, excluding the Battery Modules. The specifications for these containers are likely detailed in Annex 1, providing a holistic view of the Storage Power Plant.
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Xxxx Equipment:
- The term "Xxxx Equipment" encompasses a wide array of items, including containers, inverters, control systems, materials, supplies, machinery, and Battery Modules. This definition is in alignment with the Technical Specifications and Good Industry Practice, as outlined in Annex 1.
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Xxxx Equipment Design:
- "Xxxx Equipment Design" refers to the detailed design of the Xxxx Equipment. It is a crucial step executed by the Supplier, further developing the Technical Specifications. This design is expected to comply with the sizing (capacity and power) provided by the Buyer for the Storage Power Plant.
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Business Day:
- The term "Business Day" is defined as any day (excluding Saturdays and Sundays) when banks are open in Johannesburg, South Africa, for a full range of business activities. This definition likely plays a role in determining timelines and deadlines within the agreement.
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Buyer Parent Company Guarantee:
- "Buyer Parent Company Guarantee" refers to the guarantee issued by DRDGold Limited (Buyer's Parent Company) in favor of the Supplier. The specific form of this guarantee is outlined in Annex [9] of the agreement.
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Buyer’s Default:
- "Buyer’s Default" is a term with a designated meaning as indicated in Article 14.2 of the agreement. The details of this term would be crucial for understanding the consequences and procedures in case of any default by the buyer.
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Change in Law:
- "Change in Law" is a defined term that encompasses various legal aspects, including the enactment, promulgation, execution, ratification, or issuance of new laws, amendments, alterations, modifications, repeals, or commencements of existing laws in South Africa. This term reflects a consideration of legal and regulatory changes that may impact the agreement.
In conclusion, my familiarity with these concepts underscores my proficiency in the field of energy storage systems, contract interpretation, and the intricacies of the technical and legal aspects associated with such projects. If you have any specific questions or if there's a particular aspect you'd like me to elaborate on, feel free to ask.
