Proposal for 146 KW PV Project

+92-303-4053354
info@energyhub.pk
www.energyhub.pk
Dhok Kala Khan, Rawalpindi, Pakistan
 EXECUTIVE SUMMARY

This is a preliminary proposal for 146 KW PV Grid-tied solar system. Energy Hub shall construct

the Solar Panels at provided rooftop. In 146 KW system approximately 436 PV Modules shall be

installed. It will generate approximately 213,160 units on yearly basis whereas 4,817,141

units in 25 years. Pay back Period of the project is 3.8 years. The installation shall be done on IEC

standards within the period of 8 weeks.

 Grid-tie Solar System

On-grid or grid-tie solar systems are by far the most common and widely used by homes and
businesses. These systems do not need batteries and use common solar inverters and are
connected to the public electricity grid. Any excess solar power that you generate is exported to
the electricity grid and you usually get paid a feed-in-tariff (FiT) or credits for the energy you
export.

Batteries are generally not part of this type of solar system setup. This eliminates battery
maintenance costs and the need to buy new batteries every five to ten years, depending on how
good the batteries are. These costs can increase your power expenses by a considerable margin.

Net Metering:

Net Metering is a system that gives solar energy owners credits for the power that they add to the
grid. When solar panels produce excess power, that power is sent to the grid. And this power can
be ‘taken back’ when the solar plants are not functioning – example, during the night. When a unit
of solar energy that has been ‘net metered’, the bi-directional electricity meter will run backwards.
Customers are billed only for the ‘net’ energy use.

How does Net Metering Work?

The solar power systems are connected to the utility grid via the customers’ main service panel
and meter and, when generating more power than is needed at the site, return excess electricity to
the grid through the power meter, reversing the meter from its usual direction. Thus, a bi directional
meter is needed to avail net metering. Since the meter works in both directions (i.e. bi-directional
meter)– one way to measure power purchased (when on-site demand is greater than on-site power
production), and the other way to measure power returned to the grid – the customer pays the “net”
of both transactions.
 PROPOSAL DASHBOARD
Products
Item Detail Brand Specification
Solar Panels Jinko 335 Watt Polycrystalline
Inverter

Structure Galvanized Iron As per solar panels

Accessories/ BOS items As per site requirement

Warranties
Items Warranty Period Note
Inverter 5 Years Extendable
Solar Panels 25 Years 10 years product workmanship warranty 25 years power output guarantee

System Capability
Description Unit Generated (KWH)
Units generation in first year 64,240
Average units generation over 25 years system life 1,451,741
Degradation Factor First Year 2% remaining 24 Years .75%

PV Plant Financial Proposal (CAPEX Model)

Description Values
Project Size (KW) 44
Location of the Project Islamabad
Type of Structure Roof Mounted
Solar Panel Tilt Angle (Degree) 15
Financial Model CAPEX
Considered USD Exchange Rate 154
Construction Insurance Cost PKR 0
Equity Payback Period (Years) 3.8
Tariff from Solar (Units Generated From Solar Over 25 Years/ Initial Investment) PKR 2.5
Assumed Existing Tariff From Wapda with GST PKR 18.0
Construction completion time (Weeks) 2
Initial Investment Per Watt PKR 82.0
Total Initial Investment/ EPC Cost PKR 3,626,040

Bill OF Quantities (BOQ) DC Side

Item Code Product Qty Amount (PKR)
1 Solar Photovoltaic Panels 132
2 Inverter
3 Net Metring Charges
4 Supporting Structure 132 PKR 3,626,040
6 Local Supply (Cabling - Breakers - Combiners)
7 Services
8 Construction Insurance Cost
Total DC Side PKR 3,626,040
PKR/WATT PKR 82.0
 Cash Flow Analysis:

Existing Wapda Annual

Units
Period Tariff with 1% Tariff from Savings/KWH Annual Savings Cashflow Net Cashflow
Produced
annual Inflation Solar

Year 0 (3,626,040) (3,626,040)

Year 1 64,240 18.00 2.26 15.74 1,011,278 1,011,278 (2,614,762)
Year 2 62,955 18.18 2.30 15.88 999,484 999,484 (1,615,278)
Year 3 62,483 18.36 2.32 16.04 1,002,259 1,002,259 (613,018)
Year 4 62,014 18.55 2.34 16.21 1,005,042 1,005,042 392,023
Year 5 61,549 18.73 2.36 16.37 1,007,831 1,007,831 1,399,854
Year 6 61,088 18.92 2.37 16.54 1,010,626 1,010,626 2,410,480
Year 7 60,630 19.11 2.39 16.72 1,013,429 1,013,429 3,423,909
Year 8 60,175 19.30 2.41 16.89 1,016,238 1,016,238 4,440,147
Year 9 59,723 19.49 2.43 17.06 1,019,054 1,019,054 5,459,201
Year 10 59,276 19.69 2.45 17.24 1,021,877 1,021,877 6,481,078
Year 11 58,831 19.88 2.47 17.42 1,024,707 1,024,707 7,505,785
Year 12 58,390 20.08 2.48 17.60 1,027,544 1,027,544 8,533,329
Year 13 57,952 20.28 2.50 17.78 1,030,387 1,030,387 9,563,716
Year 14 57,517 20.49 2.52 17.96 1,033,237 1,033,237 10,596,953
Year 15 57,086 20.69 2.54 18.15 1,036,095 1,036,095 11,633,048
Year 16 56,658 20.90 2.56 18.34 1,038,959 1,038,959 12,672,007
Year 17 56,233 21.11 2.58 18.53 1,041,830 1,041,830 13,713,837
Year 18 55,811 21.32 2.60 18.72 1,044,708 1,044,708 14,758,546
Year 19 55,392 21.53 2.62 18.91 1,047,594 1,047,594 15,806,139
Year 20 54,977 21.75 2.64 19.11 1,050,486 1,050,486 16,856,625
Year 21 54,565 21.96 2.66 19.31 1,053,385 1,053,385 17,910,010
Year 22 54,155 22.18 2.68 19.50 1,056,291 1,056,291 18,966,301
Year 23 53,749 22.40 2.70 19.71 1,059,204 1,059,204 20,025,505
Year 24 53,346 22.63 2.72 19.91 1,062,125 1,062,125 21,087,630
Year 25 52,946 22.86 2.74 20.12 1,065,052 1,065,052 22,152,682
Grand Total 1,451,741 63 25,778,722 22,152,682
NOTE:
i-Tariff From Solar = Per Annum System CAPEX Cost On Straight Line Basis/Annual Energy Produced (KWH) From Solar System

ii-This Is Generic Financial Analysis Which Takes Assumption That All Investment Is Made From Equity And Does Not Account For Any Financing Cost.

Net Cashflow
25,000,000

20,000,000

15,000,000
Amount (PKR)

10,000,000

5,000,000

-
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
(5,000,000)
Years

Tariff Comparision
25.00

20.00
Tariff (KWH)

15.00

10.00

5.00

0.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Years

Series1 Series2
 PROPOSAL DASHBOARD
Products
Item Detail Brand Specification
Solar Panels Jinko 335 Watt Polycrystalline
Inverter

Structure Galvanized Iron As per solar panels

Accessories/ BOS items As per site requirement

Warranties
Items Warranty Period Note
Inverter 5 Years Extendable
Solar Panels 25 Years 10 years product workmanship warranty 25 years power output guarantee

System Capability
Description Unit Generated (KWH)
Units generation in first year 148,920
Average units generation over 25 years system life 3,365,400
Degradation Factor First Year 2% remaining 24 Years .75%

PV Plant Financial Proposal (CAPEX Model)

Description Values
Project Size (KW) 102
Location of the Project Islamabad
Type of Structure Roof Mounted
Solar Panel Tilt Angle (Degree) 15
Financial Model CAPEX
Considered USD Exchange Rate 154
Construction Insurance Cost PKR 0
Equity Payback Period (Years) 3.7
Tariff from Solar (Units Generated From Solar Over 25 Years/ Initial Investment) PKR 2.5
Assumed Existing Tariff From Wapda with GST PKR 18.0
Construction completion time (Weeks) 8
Initial Investment Per Watt PKR 82.0
Total Initial Investment/ EPC Cost PKR 8,350,880

Bill OF Quantities (BOQ) DC Side

Item Code Product Qty Amount (PKR)
1 Solar Photovoltaic Panels 304
2 Inverter
3 Net Metring Charges
4 Supporting Structure 304 PKR 8,350,880
6 Local Supply (Cabling - Breakers - Combiners)
7 Services
8 Construction Insurance Cost
Total DC Side PKR 8,350,880
PKR/WATT PKR 82.0
 Cash Flow Analysis:

Existing Wapda Annual

Units
Period Tariff with 1% Tariff from Savings/KWH Annual Savings Cashflow Net Cashflow
Produced
annual Inflation Solar

Year 0 (8,350,880) (8,350,880)

Year 1 148,920 18.00 2.24 15.76 2,346,525 2,346,525 (6,004,355)
Year 2 145,942 18.18 2.29 15.89 2,319,183 2,319,183 (3,685,172)
Year 3 144,847 18.36 2.31 16.06 2,325,617 2,325,617 (1,359,555)
Year 4 143,761 18.55 2.32 16.22 2,332,067 2,332,067 972,512
Year 5 142,682 18.73 2.34 16.39 2,338,532 2,338,532 3,311,044
Year 6 141,612 18.92 2.36 16.56 2,345,013 2,345,013 5,656,057
Year 7 140,550 19.11 2.38 16.73 2,351,510 2,351,510 8,007,567
Year 8 139,496 19.30 2.39 16.90 2,358,022 2,358,022 10,365,589
Year 9 138,450 19.49 2.41 17.08 2,364,550 2,364,550 12,730,139
Year 10 137,412 19.69 2.43 17.26 2,371,095 2,371,095 15,101,234
Year 11 136,381 19.88 2.45 17.43 2,377,654 2,377,654 17,478,888
Year 12 135,358 20.08 2.47 17.61 2,384,230 2,384,230 19,863,119
Year 13 134,343 20.28 2.49 17.80 2,390,822 2,390,822 22,253,941
Year 14 133,335 20.49 2.51 17.98 2,397,430 2,397,430 24,651,371
Year 15 132,335 20.69 2.52 18.17 2,404,054 2,404,054 27,055,424
Year 16 131,343 20.90 2.54 18.35 2,410,694 2,410,694 29,466,118
Year 17 130,358 21.11 2.56 18.54 2,417,350 2,417,350 31,883,467
Year 18 129,380 21.32 2.58 18.74 2,424,022 2,424,022 34,307,489
Year 19 128,410 21.53 2.60 18.93 2,430,710 2,430,710 36,738,199
Year 20 127,447 21.75 2.62 19.12 2,437,414 2,437,414 39,175,613
Year 21 126,491 21.96 2.64 19.32 2,444,135 2,444,135 41,619,749
Year 22 125,542 22.18 2.66 19.52 2,450,872 2,450,872 44,070,621
Year 23 124,601 22.40 2.68 19.72 2,457,626 2,457,626 46,528,246
Year 24 123,666 22.63 2.70 19.93 2,464,395 2,464,395 48,992,642
Year 25 122,739 22.86 2.72 20.13 2,471,182 2,471,182 51,463,824
Grand Total 3,365,400 62 59,814,704 51,463,824
NOTE:
i-Tariff From Solar = Per Annum System CAPEX Cost On Straight Line Basis/Annual Energy Produced (KWH) From Solar System

ii-This Is Generic Financial Analysis Which Takes Assumption That All Investment Is Made From Equity And Does Not Account For Any Financing Cost.

Net Cashflow
60,000,000

50,000,000

40,000,000
Amount (PKR)

30,000,000

20,000,000

10,000,000

-
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
(10,000,000)

(20,000,000)
Years

Tariff Comparision
25.00

20.00
Tariff (KWH)

15.00

10.00

5.00

0.00
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Years

Series1 Series2