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Products
 

ProductsSolar Power PlantsGrid-Tied concept

The Project

In pursuance of India's National Plan on Climate Change, the Prime Minister launched the Jawaharlal Nehru National Solar Mission on 11th January, 2010. The Mission will be implemented in 3 stages leading to an installed capacity of 20,000 MW of grid power, 2,000 MW of off-grid solar applications and 20 million sq. m. solar thermal collector area and solar lighting for 20 million households by the end of the 13th Five Year Plan in 2022. The immediate aim of the Mission is to focus on setting up an enabling environment for solar technology penetration in the country both at centralized and decentralized levels with grid connected solar power plants.

With its team of technical experts and strategic partnerships, Solar-Apps provides end-to-end (development, engineering, procurement, commissioning, operations & maintenance, and carbon credits) system integration and project management services to the Solar Power Developer or SPD for grid connected solar power plant from 100 kW to 5 MW. This allows the SPD to focus on investments (equity, private equity, debt, and land) together which constitute the Solar Project.


The SPV/SPD

Solar Farms

Grid-Tied concept


Opportunities

  • Move from OEM global product to segment-specific product design (Made for India, made in India)

  • Move from standard 200 Watt modules family towards 240 Watt to 300+ Watt (from 15% to 17% cell efficiency)

  • Develop Solar power solution providers for all geographical locations/applications

  • Vertically integrated companies from poly silicon to modules to complete turn-key solar systems

  • Lead the world in developing reliable 25+ inverters

  • Develop unique system solutions (mounting/tracking) relevant to India conditions

CERC Benchmark

1.

Power Generation

Capacity

Installed Power Generation Capacity
Capacity Utilization Factor
Deration Factor
Useful Life

MW
%
%
Years

1
19.0%
0.0%
25

2.

Project Cost

Capital Cost/MW

Power Plant Cost

Rs Lacs/MW

1690

3.

Financial Assumptions


Debt: Equity





Debt Component





Equity Component

Tariff Period


Debt
Equity
Total Debt Amount
Total Equity Amount


Loan Amount
Moratorium Period
Repayment Period(incld Moratorium)
Interest Rate


Equity amount
Return on Equity for first 10 years
RoE Period
Return on Equity 11th year onwards
Weighted average of ROE
Discount Rate

Years


%
%
Rs Lacs
Rs Lacs


Rs Lacs
Years
Years
%


Rs Lacs
% p.a
Year
% p.a

25


70%
30%
1183
507


1183.00
0
10
13.39%


507.00
19.00%
10
24.00%
22.00%
15.97%

4.

Financial Assumptions

Economic Assumptions



Fiscal Assumptions



Depreciation

Coal Price Escalation
HSD Price Escalation
Discount Rate


Income Tax
80 IA benefits


Depreciation Rate for first 10 years
Depreciation Rate 11th year onwards
Years for 7% rate

% p.a
% p.a
% p.a


%
Yes/No


%
%

0%
0%
15.82%


33.99%
Yes


7.00%
1.33%
10

5.

Working Capital

For Fixed Charges
O&M Charges
Maintenance Spare
Receivables for Debtors

For Variable Charges
Interest On Working Capital

(% of O&M exepenses)

Months

Months



%

1%
15%
2




12.89%

6.

Operation & Maintenance

power plant (FY 10-11)
Total O & M Expenses Escalation




%


9.5148
5.72%



 
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