Assumptions for Financial Model

Assumption Cells In Yellow

Project Commissioning Date

31-Mar-10

Project Cost per kW (Rs. In Lakhs)

Project Cost
All inclusive
System Size (kW)
Project Cost per KW - Lakhs
Total Project Cost - lakhs

Rs Lakh
194.00
1.70
329.80

Operations
Solar Insolation
Number of Sunny Days
Plant Efficiency
Units Generated per annum

6.00
300.00
90%
3.1428 lakh units

Efficiency Loss per Year

1%

Operation & Maintenance Cost % of capital cost

% of escalation per annum on O & M Charges

Confidential

1.70

4/14/2012

INR 8000 per year

3.0%

Page 1

Cost of PV Electricity per unit

Average cost per unit

Rs.
Rs.

4.38
5.05

4.43
43.44

4.48

4.53

4.58

4.64

Cost of Alternate Energy - Diesel per unit (Rs.)

Average cost per unit

Rs.
Rs.

14.00
26.73

14.70
192.49

15.44

16.21

17.02

17.87

329.8
13.2
316.6

316.6
13.2
303.4

303.4
13.2
290.2

290.2
13.2
277.0

277.0
13.2
263.8

263.8
13.2
250.6

Depreciation Schedule
Opening Balance
Depreciation Schedule
Closing Balance
Depreciation as per IT Act
Accelerated depreciation
WDV Depreciation
Total Depreciation

Confidential

31-Mar-11
263.84
49.47
263.84

4/14/2012

31-Mar-12
52.77
42.05
52.77

31-Mar-13
10.55
35.74
10.55

31-Mar-14
2.11
30.38
2.11

31-Mar-15
0.42
25.82
0.42

31-Mar-16
0.08
21.95
0.08

Page 2

Cost of PV Electricity per unit

Average cost per unit
Cost of Alternate Energy - Diesel per unit (Rs.)
Average cost per unit

Depreciation Schedule
Opening Balance
Depreciation Schedule
Closing Balance
Depreciation as per IT Act
Accelerated depreciation
WDV Depreciation
Total Depreciation

Confidential

4.69

4.74

4.80

4.85

4.91

4.97

5.03

18.76

19.70

20.68

21.72

22.80

23.94

25.14

250.6
13.2
237.5

237.5
13.2
224.3

224.3
13.2
211.1

211.1
13.2
197.9

197.9
13.2
184.7

184.7
13.2
171.5

171.5
13.2
158.3

31-Mar-17
0.02
18.66
0.02

31-Mar-18
0.00
15.86
0.00

4/14/2012

31-Mar-19
0.00
13.48
0.00

31-Mar-20
0.00
11.46
0.00

31-Mar-21
0.00
9.74
0.00

31-Mar-22
0.00
8.28
0.00

31-Mar-23
0.00
7.04
0.00

Page 3

Cost of PV Electricity per unit

Average cost per unit
Cost of Alternate Energy - Diesel per unit (Rs.)
Average cost per unit

Depreciation Schedule
Opening Balance
Depreciation Schedule
Closing Balance
Depreciation as per IT Act
Accelerated depreciation
WDV Depreciation
Total Depreciation

Confidential

5.09

5.15

5.21

5.27

5.34

5.40

5.47

26.40

27.72

29.10

30.56

32.09

33.69

35.38

158.3
13.2
145.1

145.1
13.2
131.9

131.9
13.2
118.7

118.7
13.2
105.5

105.5
13.2
92.3

92.3
13.2
79.2

79.2
13.2
66.0

31-Mar-24
0.00
5.98
0.00

31-Mar-25
0.00
5.08
0.00

4/14/2012

31-Mar-26
0.00
4.32
0.00

31-Mar-27
0.00
3.67
0.00

31-Mar-28
0.00
3.12
0.00

31-Mar-29
0.00
2.65
0.00

31-Mar-30
0.00
2.26
0.00

Page 4

Comparable Cost of Power (per Unit)

50.00
45.00
40.00
35.00

Rs

30.00
25.00
20.00
15.00
10.00
5.00
-

10

11

12

13

14

15

16

17

18

19

20

Period - Years
Cost of PV Electricity per unit

Cost of Alternate Energy - Diesel per unit (Rs.)

21

22

23

24

25