Get Application Format For Purchase Of Power Through Power Exchange 1 ...

This guide will assist you in completing the Application Format For Purchase Of Power Through Power Exchange efficiently. Follow the outlined steps to ensure accurate and complete submission of your application online.

Follow the steps to successfully complete your application.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of your organization, address, and the contact person's name along with their telephone number, fax number, and email ID in the specified fields.
3. Indicate the total amount of financial assistance you are seeking for payment obligations related to the power you intend to purchase through the power exchange.
4. Specify the period for which you require financial assistance, noting that the maximum allowable period under the policy is 30 days.
5. Outline the securities or payment mechanism you are offering in exchange for the proposed financial assistance.
6. Provide the average amount of short-term power purchased in the last month. Clearly distinguish between purchases made from power exchanges and those made from traders.
7. Include the date your organization became a member of Power Exchange India Ltd, along with a copy of the document supporting your membership.
8. Attach the audited annual accounts for the last three fiscal years, providing copies as required.
9. Fill in the required banking information, including the Borrower’s Settlement Account number, the name of your bank, the IFSC code, the branch address, and the contact number of a bank official.
10. Confirm that your organization is not in default to any bank or financial institution and that the loan sanctioned will be used exclusively for purchasing power through Power Exchange India Limited.
11. Finally, ensure the accuracy of the information provided and have the authorized person sign the application with their official seal, then enter the place and date of signing.
12. Once all fields are completed, save your changes, download or print the application, or share it as necessary for submission.

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