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EXECUTIVE SUMMERY GOPAL LAL SOMANI CEO Cell No.: +91 8826150873 email- gopallal.somani.mmepl @gmail.com
EXECUTIVE SUMMERY
GOPAL LAL SOMANICEOCell No.: +91 8826150873email- gopallal.somani.mmepl @gmail.com
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10 MW PV Solar Plant at Vikarabad - Pictures India’s Power Scenario - Renewable Energy in India National Solar Mission Target Introduction – Group Companies Introduction – Business Plan of MMEPL MMEPL Solar Projects Development Plan Project Status – JNNSM Phase II Batch 1, 1x10 MW Project Status – AP Open Offer , 2x10 MW Project Variables and Financials.
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India’s power system had an installed generating capacity of around 3,05,017.80 MW (July 2016 Source - CEA)
The country rich in coal The thermal power plants i.e. coal, gas, naphtha or oil accounted for approximately 61% of total power generation capacity
Abundantly endowed with renewable energy in the form of solar, wind, hydro and bio-energy
Renewable sources of energy account for around 15% of the power generated.
Government of India under NSM has decided Grid Connected Solar Power Projects to I ,00,000 MW by the year 2021-22.
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With corporate office at Hyderabad the company has excellent infrastructure, and network of offices at all the important ports from the eastern to the western coast of India and abroad.
Clientage
In India - Prominent Public sector Utilities like TNEB, KPCL, AP Genco, Nalco, WPDCL apart from major cement industries and power producers spread across east and west coast India
International - Peabody, Vitol, Cargill, PTT Thailand, Noble Trading, Samtan Co. Ltd., Glencore, Awan Trading Co., Phoenix Com Trade, Morgan Stanley, NCC Yemen etc.
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Established in 1979 by a team of enterprising individuals the group company is involved in Coal Trading, Processing, Beneficiation and Logistics service provider globally.Started as a domestic coal trader, the company transformed into one of the leading players in the International coal scenario.Growing in leaps and bounds, pioneering path breaking initiatives, the company is now one of the major coal traders in India providing expertise, end to end solutions for procurement, movement, handling, customs clearing, logistics services in Coal Sector.In 2013 -14 we imported approximately 30 Million MT of South African origin coal and 16 Million MT of Indonesian origin coal and carried a turnover of $ 750 Million.
Solar Energy DevelopmentMaheshwari Mining and Energy Pvt. Ltd.
Coal logistics , Shipping, Beneficiation and WasheryMandhani carriers Pvt. Ltd., IndiaCoal washery at Ramagundem, AP ,India (washing 1
MTPA)Coal washery at Managuru, AP ,India (washing 1.5 MTPA)Coal washery at Talcher, Orissa,India (washing 4 MTPA)Coal washery at IB Valley, Orissa,India (washing 4 MTPA)
Real state Trident Properties Ltd., India
Information TechnologyMobiFusion Inc., California, USA Mobile applicationsVoyzze Communications Inc, USA Télécommunications
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MMEPL is promoted to implement Grid connected Solar Energy Project in India and abroad in Phases.
Long term business plan – Solar Energy 50 – 100 MW PV project development in Rajasthan - Participating in competitive bidding process in NSM Phase II and Rajasthan Solar Policy. 20 -50 MW PV solar project development in Andhra Pradesh under AP State Solar Policy.50 – 100 MW PV development in TN , MP and other states in India under its solar policy. Development and investment plan under options of Open Access, Third Party Sale, REC, Captive consumption etc. – 50 – 100 MW
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Phase I Development Plan 2014 -16
1 x 10 MW PV Solar Project : LOI awaited under 750 MW capacity development program of NSM Phase II Batch I VGF program. (Petition pending at Honorable High Court New Delhi
2x10 MW PV Solar Energy Projects under Telangana State Open Offer Solar Policy - Projects completed and connected with GRID – 132 KV S/S VIKARABAD on 31st March, 2016
1x5 MW PV Solar Power Project : PPA and SPV Acquisition Abijit Solar – Completion Dead Line – 31st December, 2016
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MMEPL and its promoters identified broad synergies for the interests of Chinese PV equipment suppliers and financial institutions.
Development of Solar PV projects is the major activity MMEPL now experienced in bidding and winning the
projects, bringing Chinese solar module at attractive cost, BOS supplies from strong EPC company in India bringing huge economic benefits to both parties
Based on economic viability MMEPL will participate in the upcoming competitive bidding cycles of NSM phase II, Rajasthan, AP, TN, MP etc. State Solar Policies and secure additional capacity of 100 MW.
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Parameter Value UnitPlant Capacity, AC 10.00 MWPlant Capacity ,DC 11.20 MWCUF 21 - 24.00% %Auxiliary Consumption 0.50% %Generation per MW (1st Yr) 20.919 Lac UnitsInterest Rate for Term Loan 11.50% %Repayment Period of Term Loan 12 YearsTariff Per Unit (PPA period of 20 Yrs) 6. 45 INRTariff Per Unit (Post PPA Period) TBD INRO&M Cost per MW 1.50% %O&M Escalation per Year 5.00% %Dep. rate for P&M (Co. Act) 5.28% %Corporate Tax 32.45% %Land Required Per MW 5 acres AcresLand Cost Per Acre 6-7 Rs./Lacs
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Completed EPC Turnkey Cost –69 .6 Crores for 10 MWCost Over Run – 2.5 Crores due to extra Transmission line, Excavation, Extra Hard ware and development .MEANS of FINANCEEquity – 21.99 CroreDEBT – 47.60 Crore SBI and IREDAProject Returns (Indian Environment of high interest
rates) Equity IRR – 16.85 % Project IRR- 13.71 % DSCR- 1. 53With low cost external funding i.e. Buyers Credit and
involvement of reliable module suppliers at attractive cost the project returns will improve
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Tier 1 310 /315 watt PV Crystalline module with DUV approved BOQ used
12% extra DC capacity installed for powering 10 MW AC capacity
Single axis Trackers with DC drives installed for additional output
RO system installed for module cleaning SCADA and Weather monitoring on line system
installed Site having hither GHI Yearly Mean Average 5.
52KWH /M2/Day. (+) 24 % CUF estimated. Buyers credit facility arrangement with SBI for
module sourcing.
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Dust level is low Sun angle is low Environment temperature is low Moisture and Humidity low. Yearly Sun hours are more +320days GHI and Tilt is good Lower degradation due to favourable weather
Favourable Solar Policy – 2105 Thrust on Captive, Third Party sale and
Open Access development Single window clearance Assured Grid Connectivity and Availability Prompt payments 20 – 25 years PPA Investment friendly environment Projects awarded on transparent cost
competitive bidding process
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In view of these synergies, MMEPL expresses keen interest to partner with Foreign Company in the areas of Solar PV Development in India and also in the domestic manufacture of Solar PV Value Chain. Bringing equity (major / minor) as investor Implement projects through SPV Arrangement of buyers credit (Financial closer achieved
with Buyers Credit arrangement by SBI)Low cost debt financeProcured in Chinese Tier 1 PV modules and inverter
supplies from Italy at attractive price EPC turnkey service from KEC a strong transmission
company with very good financial strength and balance sheet
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Strong credentials- The project is technically strong, financially viable, free from all risks, bankable, reliable financial projections having strong credential of the promoters and the company
Powerful management team and experienced technical lead having life time experience in Solar Energy Development
Expertise in finance management Crisil BBB and A3 rating for its long term and
short term credit facilities respectively
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DC drives are used, the drives are powered with uninterrupted source backed up by self supply modules - limiting auxiliary consumption.
Linear actuators with proven time tested selected Each row of 40 modules is driven by independent
drive The logic and schematics designed and selected
by me Tested in prototype and replicated for large scale
application Trackers follow SUN path every 10 minutes Economic benefits are huge compared to
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Kothagadi 10 MW PV SOLAR PLANT - 12% Extra Module and Single Axis TrackerPerformance
Fixed - Calculated Tracker
Date GHI Units CUF (%) GHI - Tilt Units CUF AC (%) PR (%) % gain
11-Oct 4.91 38,000 15.37% 5.88 45,250 18.45% 75.35% 19.60%
12-Oct 6.26 48,560 20.92% 7.42 61,000 24.87% 80.37% 25.61%
13-Oct 6.52 50,456 20.96% 8.26 63,000 25.69% 74.57% 27.19%
14-Oct 6.25 49,786 19.66% 7.8 0 60,750 24.77% 76.12% 25.99%
15-Oct 7.14 51,260 21.22% 8.30 64,250 26.24% 78.67% 25.24%
Avg 5.98 46,701 19.23% 7.19 57,500 25.24% 76.60% 24.73%
We Envision “To be an integrated player across the Energy Value Chain, delivering quality power at competitive cost and creating superior value for all stake holders"
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