10 MWp SOLAR PV (THIN FILM) POW£R PROJ£Ci.

RAJAS'fHAN - INDIA

_ Detailed Project Report

MIs

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DETAILED PROJECT REPORT

10 MWp SOLAR PHOTOVOLTAIC (Thin Film) POWER PLANT,

PLANT LOCATION: VILLAGE: XXXXXX, DISTT: JODHPUR, RAJASTHAN, INDIA

Project Developers

xxxxxx

Project Consultants

Pan Exergy Pvt Ltd

D-32, Sector-7, Noida - 201301, INDIA.

Ph: +91-9999676750; +91-9654436886 Web: www.exergy.in Email: info@exergy.in

PAN EJ:ermr private Lid. Am ~:.(~rgy Congol'll:ium Group Ccmpsnv

DEFINING LEADERSHIP FOR SUSTAINABILITY

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10 MWp Solar PV(Thin Film) Project

Detailed Project Report

Document Version:

Document Ref:

Date of Issue:

Author:

1.1/DraftC PEPUSOLAR1110-11/011

March 28, 2011

Tarun Kumar, Project Coordinator Rajat Sethi, Supervisor

Rituraj Misra, Vice President, Energy Setvices, PEPL

Authorized by:

© Copyright Pan Exergy Pvt. Ltd. 2008-11. All rights reserved.

Abstract

The aim of this document is securing various government approvals and clearances and providing complete technical & financial information for supply and execution of 10MWp Thin Film (Amorphous Silicon) Grid Connected solar photovoltaic systems proposed for MIs XXXXXXXXXX at Village XXXXXX, District JODHPUR, Rajasthan, India.

Reviewer list

Name

Function

Name

Function

Mr. RN Pande

BEE Certified Energy Auditor, Member, REEEP Regn. No. EA-1720

Mr. Rituraj Misra

VP, PEPL

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NON DISCLOSURE

This Detailed Project Report (referred to as "the DPR") has been prepared by Pan Exergy Pvt Ltd (PEPL) for :x:xx:x:x and remains the property of:X:XX:X:X.

The DPR is henceforth made available and is received specifically on the implied understanding that the recipient will hold the information contained therein confidential and will not copy, reproduce, distribute or disclose the information or any part of it to any other person. The recipient agrees, on request to return promptly, or destroy, all information received from :x:xx:x:x without retaining any copies and undertakes that any persons to whom a copy or copies have been passed will do likewise.

There has been no independent third party verification of the information in the report. \Xlhile the information in the plan has been prepared in good faith and is believed to be accurate in all material respects, PEPL, :X:XX:X:X, its Directors, officers and employees, nor any of them give any representation or warranty, expressed or implied as to the completeness or accuracy of any information in the report or otherwise made available (whether orally or in writing), or that any such information remains unchanged after the date of its receipt. PEPL, its Directors, officers and employees will not be liable or responsible in any way whatsoever in respect of any statement, opinion, or other information contained in this report or howsoever made available, in relation to it, nor for any omission from it.

Each party in receipt of this report must make its own independent assessment of the project after making such investigations and taking its own independent advice, as it may de= necessary. In particular, any estimates, forecasts, projections or opinions contained in the plan necessarily involve significant elements of subjective judgement and analysis and each recipient must satisfy itself in relation to such matters.

The report is not a prospectus and does not form part of a contract or an offer of sale. It does not constitute an offer capable of acceptance, nor an invitation for the sale or purchase of any securities.

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Table of Contents

NON DISCLOSURE

1 ABOUT THIS DOCUMENT

1.1 1.1.1 1.1.2

Change control

Current status and anticipated changes Change history

1.2

Terms and abbreviations

1.3

Definitions

2 EXECUTIVE SUMMARY

2.1 Project Oveview

2.2 Location

2.3 Design & Technology

2.4 Implementation Schedule

2.5 Financial Data

2 - PROJECT OVERVIEW (CONTINUED)

2.6 Key Assumptions

2.7 Basic Project Requirement

3 COMPANY PROFILE

4 SOLAR IN INDIA: AN INTRODUCTION

4.1 Benefits of Grid Connect Solar Energy:

4.2 Socio Economic Benefits of Grid Connect Solar Power Plants:

4.3 Solar Energy Potential in Rajasthan

4.4 Reliability & Measurement of Solar Radiation in Rajasthan

5 PROPOSED PROJECT

5.1 Location of Proposed Project Site: Village: XXXXX, Distt: Jodhpur, Rajasthan

5.2 Solar Data (PVSYST)

5.3 Solar Data (NASA)

6 TECHNOLOGY SELECTION & SYSTEM DESCRIPTION

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6.1

6.2 6.2.1 6.2.2 6.2.3 6.2.4 6.2.5 6.2.6

Technology Selection

Solar PV system Description Brief Description

Block Diagram of Grid Interactive PV Power Plant Typical System Diagram

Technical System Details

Schematic Diagram of Typical 1 MWp System (Can be replicated to 10MWp) System Schema

7 TECHNICAL SPECIFICATIONS

7.1 7.1.1 7.1.2

7.2 7.2.1 7.2.2

7.3 7.3.1

7.4

7.5

7.6

7.7 7.7.1 7.7.2

7.8

7.9 7.9.1 7.9.2

7.10

Solar Module

Other Probable Vendors

Performance Curves of Solar Semiconductor Modules

Solar Inverter (SMA Sunny Central 250) Technical Data

Other Probable Vendors

Module Mounting Structure

Specification for Conventional Mounting Structure

Array Junction Boxes

PVC Cables

Remote Monitoring System

Earthing & Lightening Protection Codes & Standards

Design Criteria

Typical Module Design

Warranty

Performance warranties of the plant:

Mode of Performance Measurement & Penalties:

Bills of Material (BOM)

8 POWER EVACUATION STRATEGY

8.1 Grid Synchronization Scheme

26

28 29 31 32 33 34 35

37

37 39 39

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46 47

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53 53 53

54

Error! Bookmark not defined.

54

8.2 Interface Scheme Proposed

Error! Bookmark not defined.

8.3 Net Metering

Error! Bookmark not defined.

8.4 Single Line Diagram for Power Evacuation

Error! Bookmark not defined.

9 SCOPE OF THE WORK & MODES OF IMPLEMENTATION

9.1 9.1.1 9.1.2 9.1.3

Indicative Scope of Work Electrical

Control Room and Others Civil Works for SPV System

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9.1.4 Erection and Installation of Power Evacuation Arrangement

57

9.2 Modes of Implementation

58

10 TENTATIVE PROJECT SCHEDULE

62

10.1 Statutory approvals:

62

10.2 Project Implementation Strategy

10.2.1 Phase I - Project Development

10.2.2 Phase 11- Finalization of the Equipment and Contracts 10.2.3 Phase III - Procurement and Construction

10.2.4 Phase IV- Erection and Commissioning Phase

62 63 63 64 64

10.3

Probable EPC service provider

64

11

OPERATION AND MAINTENANCE REQUIREMENTS

65

11.1 Basic Structure of the O&M Team

11.1.1 Operation

11.1.2 Maintenance

11.1.3 Administration

11.1.4 Facilities to Be Extended to the Employees

65 65 65 66 66

11.2

Station Operations Philosophy

66

11.3 Station Maintenance Philosophy

11.3.1 Ordinary Maintenance

11.3.2 Emergency Maintenance

11.3.3 Maintenance Plan and Scheduled Maintenance

67 67 67 67

11.4 Maintenance Management System
11.5 Spare Parts Management System
11.6 Availability of O&M Manual
11.7 Special Tools & Tackles
11.8 Checklist & Protocol
11.9 Safety & Protection
11.10 Organization Structure
11.11 Training
12 PROJECT FINANCIALS
12.1 Project Cost
12.2 Data Sheet
12.3 Assumptions
12.4 Cash Flow 67

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10 MWp Solar PV Power Generation - Detailed Project Report

12.5

13

14

15

Profit & Loss Account

75

SWOT ANALYSIS

77

APPENDIX I: ENERGY YIELD CALCULATION

79

APPENDIX II: EPC CONTRACTOR: PAN EXERGY PVT. LTD.

83

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1 ABOUT THIS DOCUMENT

1.1 Change control

1.1.1 Current status and anticipated changes

This is a first draft of the document and will undergo any further changes in consent with Mis XXXXXXXXXXXXXXX

1.1.2 Change history

The change history for this document is managed by History. Doc.

1.2 Terms and abbreviations

This document uses the following terms and abbreviations.

AC

Alternate current

BOS

Balance of the System

CERC

Central Electricity Regulatory Commission

Carbon Dioxide

CT

Current Transformer

CUF

Capacity Utilization Factor

DAS

Data Acquisition System

DC

Direct Current

DPR

Detailed Project Report

EPC

Engineering Procurement & Construction

IGBT

Insulated-gate bipolar transistor

IREDA

Indian Renewable Energy Development Authority

MNRE

Ministry of New and Renewable Energy

kWh

Kilo Watt Hour

Nitrous Oxide

MCB

Main Control Box

MPPT

Maximum power point tracker

MOSFET

metal-oxide-semiconductor field-effect transistor

MWp

Mega Watt Peak

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NTPC National Thermal Power Corporation

GSEB Gujarat State Electricity Board

PLF Plant load factor

PFC Power Finance Corporation

PPA Power Purchase Agreement

PV Photo Voltaic

PT Power Transformer

RERC Rajasthan Electricity Regulatory Commission

RREC Rajasthan Renewable Energy Corporation

SEB State Electricity Board

S02 Sulphur Dioxide

SPG Solar Power Generation

1.3 Definitions

Direct solar radiation It is the solar radiation propagating along the line joining
the receiving surface and the sun. It is also referred as
beam radiation. It is measured through pyrehiliometer.
Diffuse solar radiation It is the solar radiation scattered by aerosols, dust and
molecules. It does not have a unique direction and also
does not follows the fundamental principles of optics. It
is measured by shading pyrenometer.
Global solar radiation The global solar radiation is the sum of the direct and
diffuse solar radiation and is sometimes referred to as
the global radiation. The most common measurements
of solar radiation are total radiation on a horizontal
surface often referred to as 'global radiation' on the
surface. It is measured by pyre no meter.
Irradiance Irradiance is the rate at which radiant energy is incident
on a surface, per unit area of surface.
Direct Normal Insolation (DNI) It is the direct component of the solar radiation incident
on normal to the collector; means the angle of
incidence of incident solar radiation with the normal of
the collector is zero throughout the day. 10 I P age

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2 EXECUTIVE SUMMARY

2.1 Project Oveview
Project Promoter
xxxxxxxxxxxxxxxx.x..x.x.x.xx.x

Project Scope To arrange, construct and bring to full operation a 10 MWp PV (Thin
Film) Solar power Generation plant in RAJASTHAN, India.
Project Category Renewable Energy Sector
The project envisages development of a Solar Power Generation
Brief Project Summary Unit of 10 MWp in Rajasthan under various policy initiatives of state
& Central Government which makes installation and operation of
Solar power generation economically and technically feasible.
Project Size I Scale Output: - 10 MWp; Total Investment - Rs 1201.8 Million
(Rs 120.18 Crore) 2.2 Location
State/District Village: XXXXX, Distt: Jodhpur, Rajasthan
Co-ordinates 2727.27 N
072 12.437 E 2.3 Design & Technology
Description of the project The Solar Power Generation plant will produce 10 MWp of electricity
design using Solar Photo Voltaic(Thin Film) technology. The design and
installation is to be done on a turnkey basis.
Technical details of the project The technical design and the preliminary outline diagrams are
design included in the DPR.
Operational lifetime 25 years
Project Size I Scale Peak Capacity- 10MW; Total Investment - Rs 1201.80 Million
Expected Number of Electricity 1,46,34,280 units
Units to be Generated Per Year 11 I P age

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2.4 Implementation Schedule
Project start date "Zero Date", Z (date of signing PPA)
Project finish date Z + 18 months
Phase 1 (5MWs) to be completed by Z+13 months.
Tentative schedule
Phase 2 (5MWs) to be completed progressively @ 1 MW per month
till Z + 18 months.
a) Project concept and design In Progress
b) Clearances and approvals Zero Date (Z)
(Government and local
authorities, Signing PPA)
c) Financial Closure Z+4 Months
d) Implementation, Phase 1 to be completed by : Z+13 months
construction &
Commissioning Phase 2 to be completed by : Z +18 months 2.5 Financial Data
i) Costs Rupees (millions) USD (millions) %
a) Preliminary and Land 0.80 0.018 0.07%
b) All others to Completion 1201.0 26.689 99.93%
c) Total Costs 1201.8 26.707 100.00%
ii) Annual operating costs 11.0 0.244
(increasing at 5.72%)
iii) Financing Structure
a) Equity 360.54 8.012 30%
b) Loan 841.26 18.695 70%
iv)Performance Indicators Impact of GHG or COM taken into consideration
a) Pre Tax Equity IRR 21%
b) Pre Tax Project IRR 16%
c) Pre Tax Return on Equity 28.82%
d) Pre Tax Return on Investment 8.65%
e) Post Tax Return on Equity 20.09%
f) Post Tax Return on Investment 2.62% 12 I P age

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2 - PROJECT OVERVIEW (continued)

2.6 Key Assumptions

Following are the key assumptions while preparing financial indicators:

Means of Finance ( Share Capital, Debt: Rs 841.26 million at interest rate of 12.5%
Term Loan) Equity: Rs 360.54 million
Electricity Tariff Rs.15.3/Unit
Sunshine Hours 2000 hours/annum
Plant Load Factor 16.71 %
Interest on Term Loans 12.5%
Cost of Equipment/Installation
(Without Land and Transmission Line Rs 115.0 million per MW
Cost)
Wheeling Charge Nil.
Inflation Factor on Operation Costs 5.72% per annum
Inflation Factor on Revenues Nil.
Depreciation Rate Depreciation Rate for First 10 Years- 7%
Depreciation Rate from t t" year onwards- 1.33%
Plant Life 25 years
Invertors Life 10 years
SPG Build Time 15-18 months
Loan Period 10 years
Moratorium Nil
Tax Holiday MAT for the first10 years @19.931%
Income Tax Rate 33.22% (from 11th year)
Exchange Rate Rs. 45 to $1 13 I P age

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2.7 Basic Project Requirement

Based on a nominal 10 MWp Solar PV (Thin Film) plant development, an area of 80 Acres would be required. Required physical characteristics for a location include:

o cleared land with no significant shading from vegetation, structures or hills;

o levelland with only a gentle gradient, preferably north-facinq;

o land suitable for access roads to all parts of the plant to allow regular vehicular access to solar PV array

o located as near as practical to a connection point to Utility's Distribution high voltage transmission network;

o access to a water supply and waste water disposal;

o appropriate separation from domestic residences, noise and visual impactsensitive areas;

o located such that the site is not overlooked by significant population centers;

o located away from major plumes or sources of dust which could obscure sunlight and coat module surfaces with a film that would reduce plant efficiency; and appropriate zoning and environmental considerations.

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