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PROJECT NAME : 6.

5MW RICE HUSK FIRED POWER PLANT


Project Structure
Project Structure
Project Life
Construction Period - years
Debt
Equity
Loan Interest
Loan Term - years
Electricity Selling Price (Php/kWH)
US$ to Peso
Rice Husk Cost (Php/ton)
Installed Capacity (kW)
Net Capacity (kW)
Yearly Operating Hours (320 days)
Minimum Yearly generation (kWH)

BOO
20 years
20 months
100.00%
0%
7.0%
10
5.50
43.50
750.00
6,500.00
5,200.00
7,680.00
39,936,000.00

Project Cost
EPC Cost (Php)
Land & Others (Php)
Working Capital (Php)
Financing & Development Costs (Php)
Total Project Cost (Php)

375,000,000.00
5,000,000.00
10,000,000.00
10,000,000.00
400,000,000.00

Book Value (value declar to bank)


Loan Amount (80% of Book Value)
Equity

500,000,000.00
400,000,000.00
0.00

Projected IRR
Project IRR
Payback Period
Equity Payback Period
1st Year net cashflow
Total Net Cashflow During The 10 years Loan Period
Average Yearly Cashflow During The 10 years Loan Period

35.85%
2 years 9 months
0 month
83,068,000.00
796,544,117.79
79,654,411.78

DEPRECIATION
Book Value
Depreciation

1
500,000,000.00
25,000,000.00

2
3
4
5
6
7
8
9
10
475,000,000.00 450,000,000.00 425,000,000.00 400,000,000.00 375,000,000.00 350,000,000.00 325,000,000.00 300,000,000.00 275,000,000.00
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00

LOAN AMORTIZATION
Beginning Amount
Interest Payment
Principal Payment
Total Debt Service
Ending Amount

1
400,000,000.00
28,000,000.00
40,000,000.00
68,000,000.00
360,000,000.00

2
3
4
5
6
7
8
360,000,000.00 320,000,000.00 280,000,000.00 240,000,000.00 200,000,000.00 160,000,000.00 120,000,000.00
25,200,000.00 22,400,000.00 19,600,000.00 16,800,000.00 14,000,000.00 11,200,000.00
8,400,000.00
40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00
65,200,000.00 62,400,000.00 59,600,000.00 56,800,000.00 54,000,000.00 51,200,000.00 48,400,000.00
320,000,000.00 280,000,000.00 240,000,000.00 200,000,000.00 160,000,000.00 120,000,000.00 80,000,000.00

REVENUES
Min. Generation per year (kWh)
Energy Fee
Revenues
Total Revenues

1
39,936,000.00
5.50
219,648,000.00
219,648,000.00

2
3
4
5
6
7
8
9
10
39,936,000.00 39,936,000.00 39,936,000.00 39,936,000.00 39,936,000.00 39,936,000.00 39,936,000.00 39,936,000.00 39,936,000.00
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00
219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00

1
2,000,000.00
2,000,000.00
5,000,000.00
1,500,000.00
12,000,000.00
22,500,000.00

O&M EXPENSES
Spare - Boiler
Spare - TG
Chemical & Consumables
Insurance Expenses
Salary & Misc. Expenses
Total Fixed O&M Costs

(5% Escalation)
(5% Escalation)
(5% Escalation)

(5% Escalation)

INCOME BEFORE TAX


Revenues
Depreciation
Interest payment
Fuel Cost
O&M Expenses
Income Before Tax

NET INCOME
Income Tax (32%)
Net Income

CASHFLOW
Revenues
Principal Payment
Interest payment
O&M Expenses
Fuel Cost
Income Tax (32%)
Net Cashflow

Financing Cost / kWh


O&M Cost / kWh
Fuel Cost / kWh

1
219,648,000.00
25,000,000.00
28,000,000.00
46,080,000.00
22,500,000.00
0.00 98,068,000.00
1
0.00
0.00

2
2,100,000.00
2,100,000.00
5,250,000.00
1,500,000.00
12,600,000.00
23,550,000.00

3
2,205,000.00
2,205,000.00
5,512,500.00
1,500,000.00
13,230,000.00
24,652,500.00

4
2,315,250.00
2,315,250.00
5,788,125.00
1,500,000.00
13,891,500.00
25,810,125.00

5
2,431,012.50
2,431,012.50
6,077,531.25
1,500,000.00
14,586,075.00
27,025,631.25

6
2,552,563.13
2,552,563.13
6,381,407.81
1,500,000.00
15,315,378.75
28,301,912.81

7
2,680,191.28
2,680,191.28
6,700,478.20
1,500,000.00
16,081,147.69
29,642,008.45

1
219,648,000.00
40,000,000.00
28,000,000.00
22,500,000.00
46,080,000.00
0.00
0.00
0.00 83,068,000.00
1.70
0.563
1.15

9
2,954,910.89
2,954,910.89
7,387,277.22
1,500,000.00
17,729,465.33
32,526,564.32

10
40,000,000.00
2,800,000.00
40,000,000.00
42,800,000.00
0.00

10
3,102,656.43
3,102,656.43
7,756,641.08
1,500,000.00
18,615,938.59
34,077,892.54

2
3
4
5
6
7
8
9
10
219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00
25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00 25,000,000.00
25,200,000.00 22,400,000.00 19,600,000.00 16,800,000.00 14,000,000.00 11,200,000.00
8,400,000.00
5,600,000.00
2,800,000.00
46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00
23,550,000.00 24,652,500.00 25,810,125.00 27,025,631.25 28,301,912.81 29,642,008.45 31,049,108.88 32,526,564.32 34,077,892.54
99,818,000.00 101,515,500.00 103,157,875.00 104,742,368.75 106,266,087.19 107,725,991.55 109,118,891.12 110,441,435.68 111,690,107.46
2

0.00
98,068,000.00

8
2,814,200.85
2,814,200.85
7,035,502.11
1,500,000.00
16,885,205.07
31,049,108.88

9
80,000,000.00
5,600,000.00
40,000,000.00
45,600,000.00
40,000,000.00

3
4
5
6
7
0.00
0.00
0.00
0.00
0.00
0.00
99,818,000.00 101,515,500.00 103,157,875.00 104,742,368.75 106,266,087.19 107,725,991.55

8
34,918,045.16
74,200,845.96

9
35,341,259.42
75,100,176.26

10
35,740,834.39
75,949,273.08

2
3
4
5
6
7
8
9
10
219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00 219,648,000.00
40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00 40,000,000.00
25,200,000.00 22,400,000.00 19,600,000.00 16,800,000.00 14,000,000.00 11,200,000.00
8,400,000.00
5,600,000.00
2,800,000.00
23,550,000.00 24,652,500.00 25,810,125.00 27,025,631.25 28,301,912.81 29,642,008.45 31,049,108.88 32,526,564.32 34,077,892.54
46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00 46,080,000.00
0.00
0.00
0.00
0.00
0.00
0.00 34,918,045.16 35,341,259.42 35,740,834.39
84,818,000.00 86,515,500.00 88,157,875.00 89,742,368.75 91,266,087.19 92,725,991.55 59,200,845.96 60,100,176.26 60,949,273.08
1.63
0.590
1.15

1.56
0.617
1.15

1.49
0.646
1.15

1.42
0.677
1.15

1.35
0.709
1.15

1.28
0.742
1.15

1.21
0.777
1.15

1.14
0.814
1.15

1.07
0.853
1.15