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[New post] Feasibility Study for Assembly of PV Modules and BOS Components in Ethiopia. Inbox
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Feasibility Study for Assembly of PV Modules and BOS

Components in Ethiopia. by Suleman Mossa

Assembly of PV Modules and BOS Components Business Plan in Ethiopia

Project Proposal on Assembly of PV Modules and BOS

Components Business Plan in Ethiopia.
The relative barriers to entry and the benefits in value added and employment in the
Photovoltaic (PV) value chain indicate that focus should be in the last three stages – PV
module and BOS assembly, and distribution and service. PV module and Balance-Of-
System (BOS) assembly account for about 50% of the total value added in the hardware
and the hardware accounts for about 50% of the installed cost – i.e., module and BOS
assembly contribute 25% of the total installed cost. Distribution and service account for
40% of the installed cost. This means about two-thirds of the total installed cost for PV
systems can be locally supplied.

Local PV assembly will have significant benefits in value addition and employment –
however, the extent to which this can be achieved depends on local capacity to deliver
components other than the PV cell. Materials required for PV module manufacture, other
than the PV cell, include glass, frame, ribbon, and adhesives. The share of the potential
value added that can be made here will depend on which of these other components can
be produced locally

Assembly of BOS components will be the first step in the localization of the PV technology
in Ethiopia. Local capability and experience exists for this – two companies have been
assembling charge regulators; existing automotive battery manufacturers can also supply
appropriate batteries for the PV industry. Starting assembly of charge regulators will be a
good entry point into low-cost and medium-skill electronic assembly. Battery
manufacturers will have a larger market than the automotive battery market (if the PV
market develops to its full potential there will be twice as many solar systems as vehicles
in ten years).

The total investment cost of the project including working capital is estimated at Birr 99.77
million, of which 64 per cent will be required in foreign currency. The major breakdown of
the total initial investment cost is shown in Table below.

The IRR of this porject is computed to be 22.38 % indicating the vaiability of the project.
The net present value of the project at 8.5% discount rate is found to be Birr 2.16 million
which is acceptable.

Plant Capacity
The annual production capacity of the plant is 10 MW assuming 5 MW off grid and on grid
system with PV Module Solar and only Panel and 5MW in PV Module Solar Panel and
UPS 1250 KVA . The plant will operate in single shift 8 hours a day for 300 days per year.

Production Program
The plant will operate at 60% of its rated capacity during the first year, 80% and 100%
capacity during the second and third year, respectively. The production capacity is shown
in Table below.

Raw and Auxiliary Materials

The major raw materials required for the manufacturing of PV Solar Module Panel, Off grid
& On grid (Solar Power Generator System) and assembly material: Major input row
materials are: PV Cell, Components & SKD (Inverter, Charge Controller,… ), Battery, LED
light, Motor … and for mounting structure fabrication materials are Aluminum Frame, mild
steel sheet metal, Steel Pipe, angle iron and related. Almost all raw materials is imported.

The annual requirement of the raw material at 60% capacity production cost is estimated
Birr 184,054,165. The raw material is abundantly available in Europe and Asian countries.
The annual raw materials requirement for 300 days single shift operation of the plant and
the respective costs are given in Table below

Plant Machinery and Equipment

Plant Machinery required for the manufacture of Solar PV Module and Enclosure and
Frame Manufacturing is given below. The total investment cost of both plants is estimated
at Eth.Birr 60,000.000.00.

Land, Building and Civil Works Cost

The plant will require a total land area of 10,000 m2. The floor area required for the Solar
Module Manufacturing Plant building area 1000 m2 ,

The 9000 m2 area will be covered by a building comprising all internal section by section
the production facility hall and the office respectively will be accommodated. The total
estimated cost of building and civil works at the rate of Birr 2,300 per m2 is 20,700,000.

...........................................#######...................................................

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Feasibility Study for Laundry Soap Producing Plant Business Plan in

Ethiopia Pdf.

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Standard Project Report - Map of National Bank of Ethiopia

A Standard project report for new business ventures is quite important in getting the
project itself off the ground. Therefore the project Feasibility Study report should be
prepared as per National Bank Standards.

The project report covers all the aspects of business; from analyzing the market,
confirming availability of various necessities such as plant & machinery, raw materials to
forecasting the financial requirements. The project also provides sectoral information, brief
on Government policies and international scenario, which have some bearing on the
project itself.

The scope of the report includes assessing market potential and investment decision
making. in a very planned manner by formulating detailed manufacturing techniques and
forecasting financial aspects by estimating the cost of raw material, formulating the cash
flow statement, projecting the balance sheet etc.

A SWOT analysis is often carried out in the initial reports. This helps to identify the
strengths, weaknesses, opportunities and threats of the business or a project.

The project so formulated considering the below-mentioned aspects and submitting

to any bank for availing credit facility for establishment of the project. The bank will
then examine the project for its technical feasibility, financial viability and
bankability.

Need Customized Feasibility Study or Business Plan for Bank Loan?

Ask for FREE project related details with our consultant/industry expert.

Our realistic project reports for bank Loan accompanied by a detailed financial plan can
make all the difference to get the funding you need.

Our consulting firm can prepare successful and standard project reports for
commercial agriculture, agro-processing, manufacturing and service enterprises as
per National Bank Standards.

Al lProject Feasibility Studies| Business Plans will be prepared by experienced certified

consultants and the market research and analysis are supported by computerized data
bank.

Our Service Packages

Haqiqa Business Solution helps entrepreneurs all over the world to start and grow
businesses successfully and profitably. We provide you with business ideas and
smart solutions that help you to build a profitable business empire. We have plenty
of resources that will assist you in your entrepreneurship journey.

Auditing Financial Statements

Preparation of Successful Business Plans | Feasibility Study,
Project Profiles for Manufacturing Plant, Commercial Agriculture.
Agro Processing and Service Enterprises.
Preparation of Project Proposals for NGOs,
Market Research Study, which will make it easier for your to start
and run your business profitably.
Technical and Commercial Counseling for setting up new
industrial project and Most Profitable Small Scale Business.

PROJECT REPORT TABLE INDEX.

Each ‘Haqiqa Business Solution’ MARKET OVERVIEW CUM DETAILED TECHNO
ECONOMIC FEASIBILITY REPORT (Complete Report) tentatively covers.

1. Executive Summary
2. Product Description and Application
3. Market Study

Present Demand and Supply

Export & Import Statistics Data
Projected Demand
Names and Addresses of Existing Units (Present Manufactures)
Pricing and Distribution

1. Technical Study

Plant Capacity and Production Program

Availability and Source of Raw and Auxiliary materials
Material Requirement and Cost
Electrification, Electric Load and Water
Location and Site

1. Technology and Engineering

TECHNOLOGY
Production Process
Machinery and Equipment
ENGINEERING
Construction Process
Civil Engineering Cost
Plant Layout

1. Human Resource and Training Requirement

Human Resource.
Training Requirement

1. Economic and Social Benefit and Justification

Profit Generation
Import Substitution and Foreign Exchange Saving
Employment and Income Generation
Environmental Impact

Financial Analysis details as under:

10. Underlying Assumption
11. Initial Investment Cost
12. Production Cost
13. Sources of Finance
14. Financial Evaluation:
Break-Even Analysis and profitability analysis
Simple Rate of Return
Internal Rate of Return/IRR and Net Present Value/NPV
Sensitivity Analysis

Annexure-Financial Statements will be for 5 to 10 Years:

Annexure:: Net Working Capital

Annexure:: Projected Cash Flow
Annexure:: Discounted Cash Flow
Annexure:: Projected Income Statement
Annexure:: Projected Balance Sheet
Annexure:: Loan Amortization Schedule
Annexure:: Project Implementation Schedule

____________________________________________________________
___________________________________________________

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Get In Touch//

Suleman Mossa General Manager

Mobile = +251 944-22-82-55

WhatApp, Telegram, imo and Messanger Contact = +251 944-22-82-55

Piazza, Kelifa Business Center Office No.507 Addis Ababa, Ethiopia

E-mail: haqiqa2000@gmail.com

Website ፡ www.ethiopianauditor.wordpress.com

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Suleman Mossa | May 1, 2021 at 4:03 am | Categories: Feasibility Study | Business Plan and Project Profiles
| URL: https://wp.me/pcw0UU-oX

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