SOLAR POWER GENERATION; FINANCIAL & IRR CALCULATIONS

Capacity
Project Investment
Project Cost per MW

600
425000.0
708.3

MW
Lacs
Lacs

Power Rate Escalation(APPC)

Reduction in power gen.y-o-y

Means of Finance NBFC / BANK

Lacs
Rs.

O & M Charges
O&M Escalation

Estimated Loan
Investor's Equity

75%
25%
100.00%

Total Investment
Equity IRR
Project IRR

26%
41.97%

Rs.

28.78

Land Cost (Rs. Lacs)

O& M Charges(Per MW)

POWER GENERATION

Years

Power Genration
in Lac units

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

35680.00
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90
40766.90

Short Term
Sale

75.00%

25.00%

3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70
3.70

5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00

33.90%

MAT

20.01%

Fuel cost esclation

3.00%

EXPENSES

INCOME

Long Term Sale

28.78

Depreciable Assets.
Corporate Tax

Total Income

143612.00
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77
164086.77

Cost of Fuel

56207.90
42043.30
43304.60
44603.74
45941.85
47320.10
48739.71
50201.90
51707.96
53259.19
54856.97
56502.68
58197.76
59943.69
61742.00
63594.26
65502.09
67467.15
69491.17
71575.90

0&M Expenses

17268.00
18357.61
19515.98
20747.43
22056.60
23448.37
24927.96
26500.91
28173.12
29950.85
31840.75
33849.90
35985.82
38256.53
40670.52
43236.83
45965.07
48865.47
51948.88
55226.85

Interest on loan

11793.75
9243.75
6693.75
4143.75
1593.75
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

DEPRECIATION & TAXATION

Water Cost

56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60
56.60

Interest on
Working Capital
loan

2072.16
2202.913296
2341.917125
2489.6920956
2646.7916668
2813.804221
2991.3552673
3180.1097847
3380.7747121
3594.1015964
3820.8894072
4061.9875288
4318.2989418
4590.783605
4880.4620505
5188.4192059
5515.8084578
5863.8559715
6233.8652833
6627.2221827

Depreciation

Total

Profit Before Tax

Income Tax

Profit After Tax

Installement

18852.10
18852.10
18852.10
18852.10
18852.10
18852.10
18852.10
18852.10
18852.10
18852.10
18852.10
18852.10

106250.51
90756.28
90764.94
90893.31
91147.69
92490.98
95567.73
98791.63
102170.55
105712.84
109427.31
113323.26
108571.42
112860.54
117362.52
122089.04
127052.50
132266.01
137743.45
143499.51

37361.49
73330.50
73321.83
73193.46
72939.08
71595.79
68519.05
65295.15
61916.22
58373.93
54659.47
50763.51
55515.35
51226.23
46724.26
41997.73
37034.27
31820.76
26343.33
20587.26

0.00
8606.90
8817.50
9003.00
9162.20
13566.30
14829.90
15889.10
16763.50
17469.20
9435.50
9366.70
11182.60
10750.00
9803.10
15799.00
14355.00
12793.00
11113.10
9314.40

37361.49
64723.60
64504.33
64190.46
63776.88
58029.49
53689.15
49406.05
45152.72
40904.73
45223.97
41396.81
44332.75
40476.23
36921.16
26198.73
22679.27
19027.76
15230.23
11272.86

63750.00
63750.00
63750.00
63750.00
63750.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

10012.93
10012.93
10012.93
10012.93
10012.93
10012.93
10012.93
10012.93

Rs Lacs
318750.00
106250.00
425000.00
425000.00

Interest on Loan
Repayment Period (Years)
Moratorium Period (Year)
Number of Installments
Mode of Payment

4.00%
5
0
20
Quarterly

Interest on Working Capital loan

12%
In Rs Lacs

IRR

Equity IRR

-106250

-7536.41
19825.70
19606.43
19292.56
18878.98
76881.60
72541.25
68258.15
64004.82
59756.83
64076.07
60248.91
54345.69
50489.17
46934.09
36211.66
32692.20
29040.70
25243.16
21285.79

26%

Project IRR

DSCR

Payback Period

Year

-425000

149086.25
181807.53
185726.50
189693.46
193711.82
201101.44
203844.63
206476.79
209023.40
211506.82
205363.02
207303.37
211255.20
213093.30
214560.39
223122.60
224406.84
225745.24
227148.75
228628.02

42%

0.90
1.27
1.28
1.28
1.29

Cash Inflow
1
2
3
4
5
6

56213.59
83575.70
83356.43
83042.56
82628.98
76881.60

Payback Period

Year
1
2
3
4
5

Power Tariff Proposed Price Generation

Difference Net Risk Accumulated risk
3.08
3.70
35680.00
0.62 22121.6
22121.6
3.08
5.00
40766.90
1.92 78272.45
100394.05
3.08
5.00
40766.90
1.92 78272.45
178666.50
3.08
5.00
40766.90
1.92 78272.45
256938.94
3.08
5.00
40766.90
1.92 78272.45
335211.39

17220

18357.6

1137.6

6.606271777

umulated risk

130.22
134.22
3.006911 3.008803

1538.56
5090.23

5057.74

5135.36
6325.91
0.811798

7138.15

6671.26
1.31902