FINANCIAL FEASABILITY OF GUJARAT SOLAR POLICY JAN -2009

PLANT CAPACITY -300 SUNNY DAYS 10 HRS PER DAY

LAND REQUIRED IN ACRES
CONTRACT PERIOD
TOTAL CAPITAL COST IN CRORES
FINANCE AND DEPRECIATION MODULE PAID OFF IN 12 YEARS
GUJARAT GOVT PURCHASE RATE PER UNIT FIRST 12 YEARS
SUNTROF PRODUCTION COST PER UNIT -FIRST 12 YEARS
GUJARAT GOVT PURCHASE RATE NEXT 13 YEARS
SUNTROF PRODUCTION COST PER UNIT - NEXT 13 YEARS
REVENUE PER YEAR FOR FIRST 12 YEARS IN CRORES
COST PER YEAR FOR FIRST 12 YEARS IN CRORES
INCOME PER YEAR FOR FIRST 12 YEARS IN CRORES
REVENUE PER YEAR FOR NEXT 13 YEARS IN CRORES
COST PER YEAR FOR NEXT 13 YEARS IN CRORES
INCOME PER YEAR FOR NEXT 13 YEARS
TOTAL REVENUE FOR 25 YEARS IN CRORES
TOTAL COST FOR 25 YEARS IN CRORES
GROSS INCOME BEFORE TAXES FOR 25 YEARS IN CRORES
MW MW MW
25 10 5
75 30 12
25 YEARS 0
330 132 66
IRS 10.00 PER UNIT
IRS 6.44 PER UNIT
IRS 3.00 PER UNIT
IRS 0.41 PER UNIT
75 30 15.0
48.125 19.25 9.6
26.875 10.75 5.375
22.5 9 4.5
3 1.2 0.6
19.5 7.8 3.9
1192.5 477 238.5
616 246.4 123.2
576.5 230.6 115.3
GUJARAT -COSTING FOR SUNTROF 5 MW FIELD( 10 hrs and 300 sunny days)
Costing Module based on Accelerated Depreciation of Plant in 12 years and Loan paid off in 12 years
REVENUE RATE MW KW/HR
FIRST 12 YEARS(10+1) 25 25,000
CARBON CREDIT 1 IRS PER UNIT 100%
SECOND 13 YEARS( 3+1) 25 25,000
TOTAL REVENUE 25 YEARS IN INDIAN RUPEES
MW COST PER MW
Capital Cost 25 136,800,000
Operations 25 1,500,000
Consumables 25 10,000
Land in acres 75 100,000
Wheeling charge
Interest on Finance at 7% (11%)
TOTAL CAPITAL COST
ANNUAL COST-IRS
COST PER KW/HR UNIT - IRS
Annual Income 12 Years+13 yrs
TOTAL COST 25 YEARS
TOTAL INCOME FOR 25 YEARS

NOTE: ABOVE CSOTING BASED ON IRS TO USD RATE AT 1:48. Any change in the Rupee rate will have cost implications. Contract will be in USD.
GUJARAT -COSTING FOR SUNTROF 5 MW FIELD( 10 hrs and 300 sunny days)
Costing Module based on Accelerated Depreciation of Plant in 12 years and Loan paid off in 12 years
KW Units/Year Gujarat Rate Revenue Per Year
75,000,000 11 825,000,000
75,000,000 4 300,000,000
1,125,000,000
TOTAL COST Annual Cost First 12 years Annual Cost Next 13 years
3,420,000,000.00 285000000.00 0.00
37,500,000 5,000,000
250,000 50,000
7,500,000.00 625,000.00 0
16,500,000 6,000,000
239,925,000.00 0
3,427,500,000.00
579,800,000 11,050,000
7.73 0.1473
245,200,000 288,950,000
NOTE: ABOVE CSOTING BASED ON IRS TO USD RATE AT 1:48. Any change in the Rupee rate will have cost implications. Contract will be in USD.
Costing Module based on Accelerated Depreciation of Plant in 12 years and Loan paid off in 12 years
Revenue 25 years
9,900,000,000
3,900,000,000
13,800,000,000
Annual Cost Next 13 years
164,520,000,000.00
7,101,250,000
6,698,750,000
1 MW CAPITAL & UNIT COST COMPARISION -NEVADA SOLAR ONE -INDIA PV SOLAR TO SUNTROF SOLAR
TECHNOLOGY Solar Mirror Trough
CAPACITY IN MW 1
LAND in Acres 4.68
Capital cost land 11700
Solar System Cost 4,125,000
TOTAL CAPITAL COST 4,136,700
COST PER KW/HR UNIT NEVADA SOLAR ONE
Capital Depreciation ( 20 YEARS) 206250
Operation and Maintenance 100,000
LAND at 2500 USD PER ACRE 585
Total Cost per Anum 306,835
Annual Generation 300 days 10 hrs per day 3,000,000
COST PER KW/HR UNIT 0.10
COST PER KW/HR UNIT IN IRS 4.91
COST BREAKDOWN OF SUNTROF-MULK ENERGY SYSTEM
Unit Cost Total units
Solar Troughs 10,000 127
R,O,UNIT 100,000 1
Operation and Maintenance 1 15,000
Consumables 1 15,000
Power Block 1 1,450,000
TOTAL SYSTEM COST
1 MW CAPITAL & UNIT COST COMPARISION -NEVADA SOLAR ONE -INDIA PV SOLAR TO SUNTROF SOLAR
SUNTROF-MULK Photo Voltaic
1 1
2.75 10
6875 25000
2,850,000 5,000,000
2,856,875 5,025,000
SUNTROF -MULK INDIA PV SOLAR
142,843.75 250,000.00
30,000.00 125,000
344 1,250
173,188 376,250
3,000,000 3,000,000
0.06 0.13
2.77 6.02
COST IN USD COST IN INDIAN RUPEES
1270000 60960000
100000 4800000
15000 720000
15000 720000
1450000 69600000
2,850,000 136,800,000
SUNTROF-MULK ENERGY COST REPORT FOR DAY GENERATION IN COAL FIRED POWER PLANTS
MW KW/HR
REVENUE GENERATION 60 60,000
MW COST PER MW
Capital Cost 60 72,000,000
Operations
Consumables
Land in acres 180 100,000
ANNUAL COST
COST PER KW UNIT IN IRS
TOTAL CAPITAL COST
REVENEUE PER YEAR
RETURN ON INVESTMENT IN YEARS
COST BREAKDOWN OF ONE MW SUNTROF-MULK ENERGY SYSTEM for STEAM GENERATION
Unit Cost Total units
Solar Troughs 10,000 127
R,O,UNIT 100,000 1
Civil works and cabling 100,000 1
Operation and Maintenance 1 15,000
Miscellaneous 1 15,000
SYSTEM COST FOR 1 MW
SUNTROF-MULK ENERGY COST REPORT FOR DAY GENERATION IN COAL FIRED POWER PLANTS
KW Units/Year COAL POWER RATE Revenue Per Year Revenue 20 years
180,000,000 3.5 630,000,000 12,600,000,000
TOTAL COST Annual Cost - 20 yrs Write Off
4,320,000,000.00 360000000.00
5,000,000
50,000
18,000,000.00 1,500,000.00
366,550,000
2.04
4,338,000,000
630,000,000
4.0
COST BREAKDOWN OF ONE MW SUNTROF-MULK ENERGY SYSTEM for STEAM GENERATION
Total Cost in USD COST IN INDIAN RUPEES
1,270,000 60,960,000
100,000 4,800,000
100,000 4,800,000
15,000 720,000
15,000 720,000
1,500,000 72,000,000