SOLAR POWER PROJECT Mega Watt scale Under PPA Mechanism PROMISE FOR CONTINUOUS POWER .... Reg. Office : 1, Kalptaru Ind. Park, Opp. Kathvada GIDC Gate, Nikol Ring Road, Ahmedabad – 382 430. Corporate Office : SF-02, A- Wing, Narnarayan Complex, Nr. Navrangapura Bus Terminal, Nr. Swastik Cross Road, Navrangapura, Beside C. G. Road, Ahmedabad – 380 009. • Section 32 of IT act provides Accelerated Depreciation of 80% of the invested capital to professionals companies with tax liability. Addin, Investors can set off their tax liability on the taxable income to the tune of 80% in the 1st year, and subsequently 20 % in the 2nd year. • Section 80-IA (sub section 4) of income tax Act, 1961 allows 100% tax waiver on the income generated for any single 10 year period during first 15 years of operational life of a power generation project. Tax & Other Benefits for the Investors in Solar Power Plant www.adb.org www.deginvest.de www.dbs.com www.ilfsindia.com www.ireda.gov.in www.pfc.gov.in Finance Provider for Solar Power Project Connected Departments for Solar Power Projects STATE LABOR DEPARTMENT (LABOR INSPECTOR) STU/DISCOM DISTRICT COLLECTOR; LOCAL VILLAGE BODY; STATE REVENUE DEPARTMENT GUJARAT STATE ELECTRICAL INSPECTORATE www.icicibank.com www.ifc.org www.proparco.fr www.rabobank.com www.sbi.co.in www.sbicaps.com www.yesbank.in www.idfc.com +91-79 - 40027017 [email protected][email protected]Website: www.addinpower.com www. ltd.com addinpower +91-81550 09413 Email:
Transcript
SOLAR POWER PROJECT
Mega Watt scale Under PPA Mechanism
PROMISE FOR CONTINUOUS POWER....
Reg. Office : 1, Kalptaru Ind. Park, Opp. Kathvada GIDC Gate, Nikol Ring Road, Ahmedabad – 382 430.
Corporate Office : SF-02, A- Wing, Narnarayan Complex, Nr. Navrangapura Bus Terminal, Nr. Swastik Cross Road, Navrangapura, Beside C. G. Road, Ahmedabad – 380 009.
• Section 32 of IT act provides Accelerated Depreciation of 80% of the invested capital to professionals companies with tax liability. Addin, Investors can set off their tax liability on the taxable income to the tune of 80% in the 1st year, and subsequently 20 % in the 2nd year.
• Section 80-IA (sub section 4) of income tax Act, 1961 allows 100% tax waiver on the income generated for any single 10 year period during first 15 years of operational life of a power generation project.
Tax & Other Benefits for the Investors in Solar Power Plant
Government of India has decided to revise the National Solar Mission target of Grid Connected Solar Power Projects from 20,000 MW by the year 2021-22 to 1,00,000 MW by the year 2021-22. – Source Gazette of India No. 30180/2014-15/NSM Dt. 1st July, 2015
India is faced with the challenge of sustaining its rapid economic growth while dealing with global threat of climate change. There are some observed changes in climate parameters in India too, like increase in surface temperature by 0.4 ˚C, variation in monsoon patterns, rise in sea levels by 1.06-1.75mm per year, extreme weather conditions breaking over 130 years records, Erratic water flow in perennial rivers originating from Himalayas. Alongside, the fast depleting conventional sources of power generation have worsened the situations that prophecy of energy crisis. India, in recent times, has started emphasizing power generation from renewable sources that is either grid interactive or off grid. India actively engaged in multilateral negotiations in the UN Framework Convention on Climate Change (UNFCCC), in a positive, constructive and forward-looking manner. In order to achieve a sustainable development path that simultaneously advances economic and environmental objectives, on 30 June 2008, the National Solar Mission – renamed Jawaharlal Nehru National Solar Mission (JNNSM).
Ministry of New and renewable Energy (MNRE) has drawn a scheme to set up number of solar parks across various states in the country, each with a capacity of Solar Projects generally above 500 MW. The Scheme proposes to provide financial support by Government of India to establish solar parks with an aim to facilitate creation of infrastructure necessary for setting up new solar power projects in terms of allocation of land, transmission and evacuation lines, access roads, availability of water and others, in a focused manner.
Solar Energy Corporation of India (SECI), a central public sector enterprises under MNRE , has been implementing various schemes to develop solar sector in the country. As per the policy, these solar parks will be developed in collaboration with the State
Governments. The implementation agency would be Solar Energy Corporation of India (SECI) on behalf of Government of India (GOI). SECI will handle funds to be made available under the scheme on behalf of GOI. The states shall designate a nodal agency for implementation of the solar park.
The Solar Park is a concentrated zone of development of solar power generation projects. As part of Solar park development, land required for development of Solar Power Projects with cumulative capacity generally 500 MW and above will be identified and acquired and various infrastructure like transmission system, water, road connectivity and communication network etc. will be developed. The parks will be characterized by welldeveloped proper infra-structure where the risk & gestation period of the
projects will be minimized. At the state level, the solar park will enable the states to bring in significant investment from project developers in Solar Power sector, to meet its Solar Purchase Obligation (SPO) mandates and provide employment opportunities to local population. The state will also be able to reduce its carbon footprint by avoiding emissions equivalent to the solar park’s generated capacity.
About of Addin Power Limited
Addin, commencing its Indian operations from last 10 years, is today positioned as the largest Supply Chain Solution Provider in emerging markets. Addin provides end-to-end supply chain solutions for all categories of renewable energy and Consumer and it’s equipments to over 10+ international brands and relationship with major brands have been for yeas. A team comprising of over 20 highly skilled and committed professionals helps the company deliver its products and services to every corner of the Globe. The team is supported by robust IT & communication infrastructure connecting all the locations of the company and state of the art ERP and e-commerce back bone.
Addin Power Ltd Itself is a Solar Park Developer with Its Own Chunk of Land in Gujarat with the Capacity of Approximately
1000+ MW
Project DevelopmentAgreements
PowerPurchase Agreement
Feasibilitystudy
SiteIdentification/Conception
Equity/DebtFinancing
Introduction of Solar Power
P R O J E C T
D E V E L O P E R
EPC
Testing & Commissioning
Power PurchaseAgreements & Financing
Procurement
Commissioning Engineering
About Jawaharalal Nehru National Solar Mission
The Jawaharlal Nehru National Solar Mission was launched on the 11th January, 2010 by the Prime Minister. The Mission has set the ambitious target of deploying 20,000 MW of grid connected solar power by 2022 is aimed at reducing the cost of solar power generation in the country through
(I) Long term policy (ii) large scale deployment goals (iii) Aggressive R&D (iv) Domestic production of critical raw materials, components and products, as a result to achieve grid tariff parity by 2022. Mission will create an enabling policy framework to achieve this objective and make India a global leader in solar energy.
Project Details For 1 MW
Land Area
Solar Modules
Module Mounting Structure
Inverters
Cables
SCADA Monitoring
Solar Modules Mounting Structures
For 1 MWp, upto 5 acres shall be consumed.
REC Solar / Canadian Solar / GB PV Panels with the minimum rating size of 300 Wp or higher. (Will be from Tier-1 Supplier) we can also sun breaker as per customer require.
It shall be fixed structure considering economics of scale and solar irradiation to achieve the target energy production.
Bonfiglioli / Refusol / Delta / kapo / Hitachi Japan model for maximizing 1500V MPPT Voltage as well as peak out of 1MWp.
ABEO, POLYCAB GERMANY.
Micro level monitoring system with optimizer or equivalent with GSM.
MS Steel, 100 micron Galvanized to with stand the wind load upto 180kmph and average seismic conditions.
Industrial RO System
Civil Work
Captive Lighting
Fencing & Roads
Administrative Building
5000 LPH for 1 MWp Plant. (Will be from Tier-1 Supplier)
Depending upon the soil test report, a proper piling design shall be done and civil works shall be carried out for module mounting foundation, switch yard foundation etc.
Total of 100 pole lights for 1 MW.
Proper barb-wire fencing with 6’ height and 3m wide road shall be constructed on the perimeter of the fencing. Array-to-array pitch of 6.60 m shall be kept for ensuring manpower / vehicle movement for maintenance
A good office cum guest house (with basic furnished interiors) shall be constructed to monitor the plant activities. (Client Scope)
Plant Performance: Minimum of 1.55m kWh (units) of energy generation in the first year of operation. Annual duration not to exceed 1.50% per year as per Module warranty.
Company proposes a world class Solar PV farm for the captive requirements of the Client for the next 20-35 years. all the component from tier 1 manufacturer with IEC and TUV Standard and government approved
W O R K I N G S T Y L E O F
SPPD - SOLAR POWER PARK DEVELOPER
10 MW 1 MW 1 MW
AB C
2 MWD
5 MW
F
5 MW
E
In Solar Park the Solar Power Developer can do the Plant as per their capacity for the project…. Like given below
(A) (B) (C)(D) 2 MW (E) 5 MW (F) 5 MW
10 MW 1 MW 1 MW
SPD - Solar Power Developer
SOLAR PV PLANT BENCHMARK COST FOR 1MW
% of Total Cost
59.20%
2.00%
1.00%
4.20%
10.00%
10.00%
9.00%
75.00%
25.00%
100.00%
4.60%
Particulars
PV MODULES
ADDITIONAL MODULE COST AS AGAINST DEGRADATION
LAND COST
CIVIL AND GENERAL WORK
MOUNTING STRUCTURES
POWER CONDITIONING UNIT
EVACUATION COST UP TO INTERCONNECTION POINT(CABELS AND TRANSFORMERS)
LOAN AMOUNT
INVESTMENT BY CLIENT
TOTAL
PRELIMINARY AND PRE-OPERATIVE EXPENSES INCLUDING IDC
Require Statutory Approvals
Power Purchase Agreement have been sign with two options :
• Sale through Open Access• PPA with distribution License
Non Agriculture Clearance for Land
Required NON – AgricultureClearance from state government to set up the Solar Power Project
Transmission with DISCOM – Nodal Agency
Ujwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for electricity distribution companies of India (DISCOMs) initiated by the Government of India with the intent to find a permanent solution to the financial mess that the power distribution is in.
Income
INSTALMENT OF LOAN
We get finance of the 70% of the Project cost for that the instalments of 15 years and the instalments should be on monthly basis with rate of interest would be 11.40%. Approximately cost of the instalments with the interest would be around Rs. 3.50. May be there is scope of interest Exemption upto 5% in loan.
PPA RATE : Power Purchase Agreement will be done for
10 to 25 years within two parties approximately Rate would be
Rs. 5.50 to Rs. 8.50 per kwh.
AVERAGE POWER GENERATION: Average Solar Power Generation for Crestline / Thin Film Technology approximately 1,51,450 kwh per month.
SOLAR RECS* Floor Price: Rs 3,500 /MWh * Forbearance Price: Rs 5,800/MWh Source CERC order dated 30 Dec, 2014
Expense
Performance Base Insurance
Taxes include Water tax and Municipal Tax
Cleaning Staffs
Maintenance : For Maintenance cost it will be around 1.50 % of the project cost per annual.
Technical Staffs
Security Staffs
Project Base Insurance
Cost of Two type of
Insurance Premium
Administrative Staffs
Project Registration with Renewable Department as a Solar Power Producer ithave to be registered in the Ministry of New and Renewable Energy department.
MNREProject Registration for REC Accredition (Through State Nodal Agency Sldc)
