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201

PRE FEASIBILITY
REPORT
FOR
5 MW SOLAR
POWER PROJECT
By
MOLISATI VINIMAY PRIVATE
LIMITED
Rourkela, Orissa

Pre Feasibility Report


Molisaty vinimay Pvt. Ltd.

Contents
Contents................................................................................................................ 2
1.Introduction ....................................................................................................... 3
2.Project Overview................................................................................................. 3
2.1 Technical Aspects......................................................................................... 4
Technical Specification....................................................................................... 5
2.2 Financial Aspects.......................................................................................... 8
3. Brief Profile of the Company..............................................................................9
3. 1 Introduction................................................................................................. 9
3.2 Promoters Credential ...................................................................................9
4.Project Contribution to the Sustainable Development......................................10

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1. Introduction
Energy has a dichotomous relationship with the development of civilisation. With
the rapid development the pressure is now on the energy sector. In the wake of
rising fossil fuel price, bleak projection of the fossil fuel reserve and increasing
concerns over countrys energy security the government is opting towards a
radical shift in the power sector plan and favouring the emergence of the
renewable energy sector. With an objective to deepen institutional reform
concerted effort has been made in Indian power sector by the government with
specific focus over the renewable energy sector.
With an objective to harness the huge untapped solar energy potential in the
country and promote energy self sufficiency and independency, Government of
India has launched promotional scheme and incentives to enhance private sector
participation in the field. The project is being conceptualized considering
benefits as mentioned in Jawaharlal Nehru National Solar Mission (JNNSM) for
setting up Grid connected Solar Power Plants. Jawaharlal Nehru National Solar
Mission (JNNSM) aims at development and deployment of solar energy
technologies in the country to achieve parity with grid power tariff by 2022. In
the first phase i.e. till 2013 the mission targets 1100 MW of solar power both
thermal and photovoltaic. The mission has also set up a national level entity i.e.
the NTPC Vidyut Vyapar Nigam (NVVN) Limited who would purchase all the
power generated from such solar power plants at tariffs determined by the
Central Electricity Regulatory commission. At present the CERC has announced a
tariff of Rs 17.91 per unit.
The State as such is also very proactive to fulfill its Renewable Power Obligation
(RPO) and Solar Power Obligation (SPO) obligations as laid down under JNNSM
and is prepared to extend all necessary cooperation such as providing land,
evacuation facilities and guarantee for purchase of solar power from IPPs.

Keeping the above favorable scenarios in view Molisati Vinimay Private


Limited , a private sector company along with its technical and financial
associates proposes to set up a 5 MW poly crystalline silicon based solar PV
power plant in Barkote Tehasil, Deogarh district, Orissa where it possess 25
acres of non agricultural land. Molisati Vinimay Private Limited has consulted
leading manufacturer of solar module named Vikram Solar Pvt. Ltd. (VSPL) for
the proposed project.

2. Project Overview

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Molisaty vinimay Pvt. Ltd.
The Techno Commercial Feasibility Report will highlight the technical and
financial aspects of the proposed project activity with a capacity of 5 MW Solar
Power Generation at Barkote in the district of Deogarh, Orissa under Built Own
Operate (BOO) mode.

2.1 Technical Aspects


In the proposed Solar power plant, poly crystalline technology based modules
will be used These modules are made with high efficiency multi / mono
crystalline solar cells (i.e. 13% to 14%).These cells are encapsulated between a
low iron content high transitivity tempered glass and premium quality back sheet
to provide efficient protection from the environmental conditions. The laminates
are framed with strong, robust and anodized aluminium profile with multiple
holes for ease of installation. The modules are fitted with 4-terminal Tyco
junction box with 16A, 40V schottky bypass diodes (3 diodes) and plug in
connectors.

1
2

Proposed Capacity
Project Site

3
4

Type of system
Type of PV Modules

Land requirement

5 MW
Tehasil: Deogarh
District: Deogarh
State: Orissa
Country: India
Fixed Structure
A poly crystalline silicon cell is a combination of
more than one silicon cell in the form of wafer.
This system can operate at an efficiency of
12% and is significantly cheaper than single
crystalline cells.
25 Acres
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6
7
8
9

11

Module Size
Rated Power (Pmax W)
Inverter Capacity
Projected Energy
Production / annum
Capacity Utilisation
factor
Grid Evacuation

12
13

Life Time
Power Plant Composition

14

Expected Green House


Gas Emission reduction
Expected time of
commissioning
Project Promoter
Equipment Supplier

10

15
16
17

124.5 cm * 63.5 cm
40 +/- 5%
500 kW string inverter
8.322 MU Degradation factor of 0% per annum
19%
The Power Generated at 415 V from the Plant
will be stepped up to 33/132 kV and connected
to the 33/132 kV substation of GRIDCO
available near the project site.
25 years
Solar array, solar modules, power conditioning
system, control room, data logging system,
monitoring system, junction boxes, cables and
other accessories.
6990 tCO2 per annum
6 month from the date of signing of PPA
Molisati Vinimay Private Limited
Vikram Solar Pvt. Ltd.(VSPL)

Technical Specification
Material
Maximum Power Pmax (W)
Maximum Power Voltage Vmax (V)
Maximum Power Current Impp (A)
Open Circuit Voltage (V)
Short Circuit Current (A)
Module Efficiency
Tolerance of Pmax
Normal Operating Cell Temp.
Standard test conditions (STC)
Max. System Voltage

High Efficiency Poly Crystalline Silicon Cell


37
40
17.0
17.1
2.25
2.35
21.8
21.9
2.40
4.45
13.1 %
13.4 %
2.5 W
45C 2C
1000 W / m2, 25C, AM 1.5
1000 V

Meteorological Data:
Orissa is blessed with ample solar Radiation throughout the year and is ideal for
solar power project. Based on the average insolation data the proposed solar
power project is estimated to generate 13.6 million units of electrical energy
annually.

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Southern Latitude:

19 0 4 N

Northern Latitude

20 0 17 N

Western Longitude

84 0 7 N

Eastern Longitude

86 0 11 N

Mid Latitude

190 41 N

Mid Longitude

84 0 40 N

Insolation Incident On A Horizontal Surface


[kWh/m2/day]:

4.82

Insolation clearness Index

0.53

Source: NASA

Month

Monthl
y
Averag
e
Insolati
on
[kWh/m
2
/day

Monthly
Average
Clearnes
s Index K

Monthly
Average
Daylight

Monthly
Average
Daylight
Cloud
Amount (%)

Monthly
Average
Relative
Humidity
at 10 m
(%)

Monthly
Average
clear sky
days

Monthly
average
day time
cloud
amount
(%)

Hours

Jan

4.73

0.62

11.0

27.3

56.6

13

26.8

Feb

5.43

0.62

11.5

28.0

60.4

12

28.3

Mar

5.97

0.61

12.0

36.0

58.7

32.5

Apr

6.36

0.60

12.6

45.5

64.5

41.5

May

6.15

0.56

13.0

55.4

69.9

51.9

Jun

4.30

0.39

13.3

81.2

77.9

79.5

Jul

3.75

0.34

13.2

87.1

81.0

82.5

Aug

3.68

0.34

12.8

86.9

81.3

82.9

Sep

4.09

0.41

12.2

75.2

80.4

71.1

Oct

4.49

0.50

11.7

54.3

74.8

51.2

Nov

4.44

0.56

11.2

39.8

60.3

10

38.5

Dec

4.48

0.61

10.9

25.1

52.5

17

24.5

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Total

57.87

6.16

145.4

641.8

818.3

72

611.2

Annual
averag
e

4.82

0.51

12.11

53.48

68.19

6.0

50.93

Climate Data
Month

Temperature (0C)

January
February
March
April
May
June
July
August'
September

Maximum
29
36
36
39
38
36
34
31
33

Minimum
14
16
21
27
27
23
22
20
22

12.6
27.1
24.3
27.2
52.9
225.1
347.7
357.5
217.5

October
November
December

33
31
30

20
18
17

86.3
20.4
3.3

Normal Rainfall (in


mm.)

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Note: the above climate data is based on NASA sources. Before preparation of
the Detailed Project Report actual site specific data will be sourced and if is not
available will be collected by installing our own met station.

2.2 Financial Aspects


1
2
3
4
5
6
7
8
9
10
11
12
13

Capital Cost
Debt Equity Ratio
Rate of Interest
Term Loan
Loan Tenure
Moratorium
Equity Contribution
Annual average power
generation
Power Sale Price
Depreciation
Pay Back Period
DSCR
Internal Rate of Return (IRR)

8475 Lakhs INR


70 : 30
13.39%
5940 lakhs INR
10 Years
0 Years
2535` Lakhs INR
8.332 MU
Rs. 17.91/Unit
5%
9th Year
1.56
19.20%

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3. Brief Profile of the Company


3. 1 Introduction
Molisati Vinimay Private Limited was incorporated under the companies act
1956 on 16th June 2005 and promoted by Mr. Y. K. Dalmia, Mr. Sunitha Dalmia
with a visionary approach of promoting renewable energy technology to support
Government mission of adding 20,000 MW through solar energy during the
current plan period. Being entrepreneur they have long association with national
and international markets given them the adequate exposure of renewable
energy sector. Promoters of Molisati Vinimay Private Limited were closely
involved in many national and international renewable energy projects and were
motivated by the sustainable development aspect of the solar future. The net
worth of this company is Rs.Ten crores .The promoters thereby decided to set up
5 MW solar power plants in Orissa. With an intention of the promoting the
venture they initiated dialogue with international venture capital fund; on
positive affirmation of the funding agency towards equity syndication the
promoters initiated the company.

3.2 Promoters Credential


The Promoters of Molisati Vinimay Private Limited is Mr. Y. K. Dalmia, Mrs.
Sunitha Dalmia.
Mr. Y. K. Dalmia completed Chartered Accountant from ICA and Company
Secretary from ICS. He has specific exposure of financing in national and
international projects in varied domains. Mr. Dalmia has more than ten years of
experience of holding prestigious position of executive director and promoter of
Suraj Products Limited. Under the able guidance of Mr. Dalmia Suraj Products is
making great strides in achieving its goal. Mr. Dalmia has more than twenty
years of experience in Iron & Sponge industry. Mr. Dalmia has given his guidance
in many technological innovative projects in Orissa. In course of his involvement
in Iron Sponge sector he has been diversely working with many national and
international companies in the country. Based on his visionary approach on
Sustainable Development Aspect, Sun Infinity Power Private Limited is founded.
He has net assets worth more than Rupees forty crores.
Mr. Sunitha Dalmia is a graduate from the reputed institution, came from the
business family. She has good businesss sense and administration capabilities.
She has good contribution towards the successful growth of the Suraj products
and its group companies. She has so many mile stones in achieving business
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targets. She was expertise in business development and administration
activities.
She is also one of the directors for the Narbada Innovative products Pvt. Ltd and
Balbhadra Infratech Pvt. Ltd. She has net assets worth more than sixty crores.

4. Project Contribution to the Sustainable


Development
Direct Benefits:
Experience & training with Grid Connected PV system s Grid connected PV
systems are becoming increasingly popular worldwide. As the cost of PV
systems are approaching competitiveness with other conventional power, large
scale use of solar PV power plants is envisaged in future. The first hand
experience of engineers would help them to promote large scale use of solar
projects in India. The power generated from the Solar Power Plant will help in
meeting the demand due to expected growth of industry, utilizing existing
transmission and distribution network and saving losses.
Benefits to electricity Department:
Voltage Support - the PV system will boost the voltage of grid electricity and
prevent the voltage drop when large power is consumed by induction loads.
The system will also supply power close to unity power factor thereby
improving the grid quality and increasing its capacity. There will be savings in
cost of voltage stabilization equipment such as shunt capacitors with controlled
switches. In rural remote locations, at the end of the distribution systems
where the voltages are known to be very low due to over loading and under
sized grids, the solar power generating system would provide voltage support
to the grid by feeding power during the day when peak day time loads cause
the grid to overload.
Social Benefits
This project can produce substantial reductions in green house gas emissions,
particularly carbon dioxide. The countrys majority generation capacity is
largely coal based and produces high quantity of carbon dioxide and other
harmful gasses. If the untapped solar energy potential is realized, carbon
dioxide and other toxic gas emissions can be lowered by significant quantity.
Therefore, every kilowatt of solar energy produced has to be seen from this
perspective and as a small but major step towards mitigation of carbon dioxide
emission and subsequently combat climate change.
For a 5 MW Solar PV power plant in the region of Orissa, it is estimated that
there will be reduction in the emission of green house gases by approx. 6990
tonnes of CO2 per year. There will also be reduction in NOx, SOx, suspended
particles and other volatile organic compounds. The use of solar energy can
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prevent damage to lungs and other serious health problems, reducing SMOG
and acid rain.
The evil effects of climate change are briefly examined below to understand
the long term social benefits:
a. Rising levels of green house gases (GHGs predominantly carbon dioxide)
are expected to cause climate change. By absorbing infrared radiation,
these gases control the flow of natural energy through the climate
system. The climate has to adjust to the thickening blanket of GHGs
climate models predict that the global temperature will rise by about 13.5 deg. C by the year 2100. It may be noted that this projected change
is larger than any climate change experienced in the past.

b. The mean sea level is expected to rise 15-95 cm by the year 2100,
causing flooding of low lying areas and causing other damages. Forests,
deserts and other unmanaged ecosystems would face new climatic
stresses. Human society will face new risks and pressures. Food security
is likely to be affected and some regions are likely to experience food
shortages and hunger. Water resources will be affected as precipitation
and evaporation pattern change around the world. Sea level rise and
extreme weather events could damage physical infrastructure.
Sulphur emissions from coal and oil fired power stations produce clouds of
microscopic particles that reflect sunlight back into space. This could cause
acid rain.

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