ABOUT THE COMPETITION
The growth of Energy Sector around the world is unprecedented, more specifically in India. The country with its existing resources and clear goals in place, is making great strides towards its aspiration of transforming the energy sector. With growth of renewables, the energy efficiency in the country is said to break records. From dedicated policies to private participation to the expanded horizons of Power Purchase Agreements between energy providers and users have led to The Power Purchase Agreements (PPAs), at the outset, have significant potential as an energy source. The Agreements are said to enhance power from renewable sources and overcome the paucity faced due to the use of traditional funding sources. Over the period of time, PPA funding has expanded the solar capacity of various companies by ten times. Hence, the progress of such agreements has proven to be a framework of financial stability.
The Competition on the basis of the information seeks to engage with the community of law students in India to promote the art of modern legal drafting, in the less talked areas of Energy Law. This aims at providing opportunities to the students to initiate research about legal certainties and further the skills of drafting.
ELIGIBILITY
The Competition is open to all undergraduate law students enrolled in any recognized educational institution within or outside India.
SUBMISSION GUIDELINES
- Participants may register individually or in a team of two (2).
- The agreement shall be drafted on the basis of the Problem Statement.
- The agreement shall be drafted in English language only.
- The agreement shall not exceed more than five (5) A4-sized typewritten pages, excluding the
cover page and the signature page. Five (5) marks shall be deducted as penalty for each page exceeding the page limit. - The document containing the agreement shall not reveal the identity of the participants, in any manner whatsoever.
- Soliciting assistance from industry professionals with or without consideration is strictly prohibited.
- Formatting: Font style – Times New Roman, font size – 12, line spacing – 1.5, justified alignment, paragraph spacing – 0 pt. before and after, 1 inch margin on all sides.
- Participants are encouraged to use modern agreement drafting techniques that focus on the use of plain English.
- Submissions shall be made in .doc or .docx format only.
- Submissions shall be made by sending an email to [email protected] with the subject “Submission for Agreement Drafting Competition: [Team Code]”.
- Clarifications on the Problem Statement shall be sent to [email protected] with the subject
MARKING CRITERIA PARAMETER
- Comprehensive understanding of the Problem Statement, responsiveness to client’s needs and interests, and identification of issues – 30 marks
- Understanding of applicable law – 20 marks
- Creativity- 20 marks
- Plain language and cogent usage of words – 10 marks
- Structure and coherence between clauses of the agreement – 10 marks
- Formatting- 10 marks
- TOTAL- 100 marks
REGISTRATION - • Participants shall register themselves for the Competition by submitting the form
- (payment receipt and ID card to be uploaded)
- • Registration Fee: Rs. 500/- (Individual Participation);
- Rs. 1000/- (Team Participation)
- Payment shall be made by accessing the following link
- A Team Code shall be assigned to each individual participant / participant team, as the case may be, after the successful completion of registration.
CASH PRIZES
• Winner: Rs. 15000/-
• Runners up: Rs. 10,000/-
• Second Runners up: Rs. 7000/-
IMPORTANT DATES
• Release of Problem Statement: August 8, 2022
Last date for registration: August 24, 2022
• Last date for seeking clarifications on the Problem Statement: August 28, 2022
• Release of clarifications: August 30, 2022
• Submission deadline: September 25, 2022
• Declaration of Results: October 15, 2022
