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DPR Including Complete Details of Raw Materialper Monthproduction Capacityper Month and Proposed Investment
DPR Including Complete Details of Raw Materialper Monthproduction Capacityper Month and Proposed Investment
DPR Including Complete Details of Raw Materialper Monthproduction Capacityper Month and Proposed Investment
Submitted By
Rajesh Kumar Nath
Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
Table of Contents
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
ANNEXURES:
Annexure-1 : Detailed Financial Calculations.
Annexure-2: Line Diagrams.
Annexure-3: Power Purchase Agreement.
Annexure-4: Land Lease Documents
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
1. EXECUTIVE SUMMARY
In synchronization with Government of India’s plan to significantly increase the share of solar energy in the
total energy mix by utilizing the waste land, roof top and Canal top – Banks while recognizing the need to expand
the scope of other renewable and non-fossil options. The State Nodal Agency of Uttarakhand, Uttarakhand
Renewable Energy Development Agency (UREDA), on behalf of Uttarakhand Power Corporation Limited, (UPCL)
invited proposals for selection of Successful Bidder(s) for setting up of total 200 MW Grid Connect Solar PV Power
Projects through Tariff Based Competitive Bidding Process as per section-63 of the Electricity Act, 2003
These Grid Connected Solar Power Plants for a total capacity of 200 MW are proposed to be installed in
the hilly region of the Uttarakhand under Type-I of Uttarakhand Solar Energy Policy-2013 to sale the generated
power to the UPCL. The responsibility of the Successful Bidder(s) shall be to supply power to UPCL as per the
terms and conditions of the Power Purchase Agreement (PPA) for a period of 25 years.
The present report is prepared with the intention to determine the feasibility and viability of installing 200 KWp
Grid connected Solar PV Power Plant. This report covers project benefits, various aspects of ground mounted PV
systems, meteorological data analysis, technology selection, location & satellite image of the project site, description of
solar PV technologies, design criteria for SPV power plant including electrical equipment, plant facilities, power
evacuation requirements, proposed site layout, identified location of installation and civil structure, plant cost, project
implementation schedule and Risk analysis along with tentative technical details the levelized cost of energy (in kWh)
from the Solar Power plant under the guidelines of CERC & UERC and the financials of the project.
The Direct Normal Irradiance (DNI) & Global Horizontal Irradiance (GHI) data taken from Metronome data for
the site. Considering the GNI data, solar thermal project is not viable at this site. The DNI & GHI data is adequate for a
solar photo voltaic (SPV) project.
The sun which is the source of abundant energy is being tapped in an endeavor to power the economy and
transform the lives of people. However, the question uppermost in everyone’s mind is the techno-economic viability of the
project.
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
3. BACKGROUND:
Several cities and towns in the country are experiencing a substantial growth in their peak electricity demand.
Municipal Corporations and the electricity utilities are finding it difficult to cope with this rapid rise in demand and as a
result most of the cities/towns are facing severe electricity shortages. Various industries and commercial establishments
e.g. Malls, Hotels, Hospitals, Nursing homes, etc., housing complexes developed by the builders and developers in cities
and towns use diesel generators for back-up power even during the day time. These generators capacities vary from a
few kilowatts to a couple of MWs. Generally, in a single establishment more than one generators are installed; one to
cater the minimum load required for lighting and computers and other emergency operations during load shedding and
the others for running ACs and other operations such as lifts and other power applications. Under such conditions use of
grid interactive roof top and small Solar Photovoltaic systems seem to be feasible solutions. Similar solar PV system can
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
be employed in rural areas on vacant land to feed cluster of households where space is not a constraint. The
implementation of standalone system in such rural areas would give an opening to setting up of small-scale industries.
The Ministry of New and Renewable Energy, Government of India has set an ambitious target towards
achieving 175 GW solar power capacity under the Jawaharlal Nehru National Solar Mission by 2022.
Government of Uttarakhand has issued the “MSME Policy-2015” for promoting investment in the MSME Sector
through Investment Promotion as well as to incentivize MSMEs. The Policy aims at utilizing local resources and to
generate employment opportunities and promoting Self Employment, Skill Development in the Youth. The Policy shall
remain in effect till 31st March 2020. Fiscal incentives and other benefits of this policy shall be available to the eligible
enterprise from the commencement of production up to a maximum of 10 years or 31st March 2025, whichever is earlier
Also, the Government of Uttarakhand has notified “Uttarakhand Solar Power Policy – 2013 vide its notification
no. 1044/I/2013-5/14/2009 dated 27th June, 2013. According to the policy Uttarakhand Renewable Energy Development
Agency (UREDA) shall be the nodal agency and the Govt. of Uttarakhand shall act as facilitator for implementation.
The Policy Endeavour's to create an enabling environment to attract public & private investments in generation
of solar energy-based projects. The Uttarakhand Solar Energy Policy – 2013 aims to provide a comprehensive policy for
promotion of solar energy in the state of Uttarakhand. The objective of the policy is to promote green and clean power
using solar energy; create conditions conducive to the involvement of investors in RE projects setting to enhance the use
of solar energy source that assist in mitigating environmental pollution and create direct and indirect employment
opportunities in the State. Also harness the available potential for generating solar power using unutilized space and
reduce the dependence on conventional source of energy.
The proposals for the composite capacity of 200 MW invited by UREDA under Type-I Category Projects
scheme according to the define eligibility and capacity limits.
Uttarakhand state has a good potential of Solar Energy. About 300 sunny days are available in the State which
provides an excellent potential for installation of Rooftop and other Small Solar Power Plants in the State.
Keeping the above in view, grid interactive rooftop or small SPV system will be supported under this scheme.
The generated power from such SPV system/project will be fed into the grid as long as grid is available. In case, where
solar power is not sufficient due to cloud cover etc., the captive loads will be served by drawing power from the grid. The
connectivity of such projects will be either at 33 kV/11 kV three phase lines depending on the system installed.
The feed in tariff for the power generated from the Solar Power Plant has been decided by Hon’ble Uttarakhand
Electricity Regulatory Commission (UERC) in such a manner that it provides a safeguard to all stakeholders including
DISCOMs. The availability of electricity grid near the solar installation is an essential component which needs to be
provided by the concerned agencies i.e. UPCL/PTCUL.
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
The site selection for a solar power plant is pre-dominantly determined by solar insolation availability & grid
connectivity for exporting power. Equally important are other essential factors/considerations such as:
• Availability of adequate land for power plant and green belt development
• Soil condition like soil bearing capacity etc.
• Proximity to state electricity grid enabling economic evacuation of power generated
• Availability of water and power during construction
• Availability of local work force in the proximity
• Availability of load centers (towns) within vicinity
• Easy accessibility of the site
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Grid Connected Solar Power Plant 200 KW, Rajesh Kumar Nath
available. This includes the array yard, inverter room and main control room, roads, drainage and other utilities.
However, array yard occupies most of the space, hence, must be optimized. The present land parcel is sufficient to
install 200 KW Solar PV project.
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the capacity of 1,000 MW, the Kamuthi Solar Power Project with the capacity of 648 MW, the 345 MW Charanka
Solar Park, the 480 MW Bhadla Solar Park with a proposed capacity of 2,255 MW and the Gujarat solar parks with
a combined capacity of 605 MW. In July 2017, Indian Railways rolled out trains with rooftop solar to power the
lights, fans and displays inside the coaches. Cochin International Airport, seventh busiest in India, is the first one in
the world to run entirely on solar power, handling more than 1,000 flights a week. Similarly, the Union Territory of
Diu is fully run by solar power.
Solar power features prominently US$2.5 billion SAUBHAGYA scheme launched in July 2015 to electrify
every Indian household by 2019 — a huge task considering around 300 million people were without electricity. The
use of local mini-grids run on solar power is “a big part of the push, with 60 percent of new connections expected to
be to renewable power", according to a report by the International Energy Agency.
In January 2016, the Prime Minister of India, Mr. Narendra Modi, and the former President of France, Mr.
François Hollande, laid the foundation stone for the headquarters of the International Solar Alliance (ISA) in
Gwalpahari, India, an alliance of 121 countries, announced at the Paris COP21 climate summit. The ISA focuses on
promoting and developing solar energy and reducing production and development costs through wider deployment
of solar technologies in the developing world. On June 30, 2016, the alliance entered into a partnership with
the World Bank for accelerating mobilization of finance for solar energy — an estimated US$1000 billion in
investments that will be needed by 2030, to meet ISA's goals for the massive deployment of affordable solar energy
worldwide.
At the World Future Energy Summit (WFES) held in Abu Dhabi in January 2018, the government of India
announced the setting up of a $350 million solar development fund to enable financing of solar projects. Prime
Minister Mr. Narendra Modi promoted solar energy during the plenary speech at World Economic Forum annual
meet in Davos in 2018 and invited investments in the sector in India promising ease of doing business. PM’s
ambitious plan when announced in the leading up to the Paris COP21 climate summit received much skepticism
and the government's strategy to scale-up the renewable energy by relying on competitive bidding to reduce the
cost was regarded as infeasible. However, starting around 2016-2017, new renewable energy became cheaper to
build than running existing coal-fired plants in India. As of January 2018, 65% of coal power generation in India is
being sold at higher rates than new renewable energy bids in competitive power auctions. India has scrapped
tenders for coal-fired power stations and around 80% of new coal-fired power plants under planning have been
halted or canceled. In the month of May 2017 alone, plans for building coal power for nearly 14 GW – about the
same as the total amount in the UK – were canceled on account of declining solar costs. India’s solar tariffs have
literally been free falling in recent months." India is now expected to obtain 40 percent of its electricity from non-
fossil fuel sources by 2022, eight years ahead of schedule." India’s first solar power project (with a capacity of 5
MW) was registered under the Clean Development Mechanism. The project is in Sivagangai Village, Sivaganga
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district, Tamil Nadu. India saw a sudden rise in use of solar electricity. Recent growth has been over 3,000 MW per
year and is set to increase yet further.
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Type II : Projects set up on private land for captive use or sale of power to 3rd party within or
outside the state or project setup on private land under Renewable Energy Certificate
(REC) Mode.
Type III Projects set up on Government land for captive use or sale of power to 3rd party
within or outside the state or project setup on Government land under Renewable
Energy Certificate (REC) Mode.
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Type IV : Solar Power Projects established under Jawaharlal Nehru National Solar Mission
Programme of MNRE, Govt. of India.
Along with the rest of the world and our country, the Government of Uttarakhand has also recognized that
climate change is one of the gravest threats we face and urgent action in the State is required and that investment
in renewable energy especially Solar is a good way of stimulating the economy of the State and is committed to
increasing the proportion of energy we use from green energy sources by ensuring necessary investment in
sustainable energy.
At the same time, the State with the lowest per capita consumption of electricity in the country and peak
demand shortages in the range of 15-20% has been reeling under acute power crises that are threatening to derail
the significant progress achieved in the past few years. Unlike conventional power projects that require significant
time period to develop, Solar Power projects can be established in very short period of time. Further, Solar power,
being one of the cleanest forms of energy that is abundantly available in the State can be harnessed to reduce the
dependency on other non-renewable sources of energy. Uttarakhand receives an average annual global solar
radiation in the range of 4.83 kWh/sq.m & 5.63 KWh/sq.m and has about 280 - 300 sunny days in a year.
Solar photovoltaic technologies convert solar energy into useful energy forms by directly absorbing solar
photons—particles of light that act as individual units of energy—and either converting part of the energy to
electricity (as in a photovoltaic (PV) cell) or storing part of the energy in a chemical reaction (as in the conversion of
water to hydrogen and oxygen).
Utility-scale solar photovoltaic technologies convert energy from sunlight directly into electricity, using large
arrays of solar panels.
A Photovoltaic (PV) or solar cell is the basic building block of a SPV system. An individual PV cell is usually
quite small, typically producing about 1 or 2 watts of power. To boost the power output of PV cells, they are
connected together to form larger units called modules. Modules, in turn, can be connected to form even larger units
called arrays, which can be interconnected to produce more power, and so on. In this way, PV systems are made to
meet almost any electric power need, whether small or large.
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Modules or arrays do not represent an entire PV system. Some structure are also needed to put them &
point them toward the sun, and components that take the direct-current electricity produced by modules and
"condition" that electricity, usually by converting it to alternate-current electricity. It is also required to store some
electricity, usually in batteries, for later use. All these items are referred to as the "balance of system" (BOS)
components. Combining modules with the BOS components creates an entire PV system.
The multi crystalline solar modules used shall be grouped in an optimum number of strings with module-to
module cable connections. The modules shall be held fixed on structures made of galvanized steel structures.
The modules shall be inclined at optimum horizontal tilt angle facing due south depending on the site location.
The DC output from the modules shall be fed to Array junction box and the strings are to be paralleled at Sub
Main & Main Junction Boxes.
The output of the main junction box shall be fed to DC distribution board (DCDB). The DC power output from
the DCDB is fed to the Power Conditioning Unit (PCU). The Power-conditioning unit shall be installed in a
control room converts DC energy produced by the solar array to AC energy.
The AC power output of the inverter shall be fed to the AC Distribution Board (metering panel & isolation panel)
which also houses energy meter. The 415V AC output of the isolation panel is fed to the local bus bar it could
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be stepped up to the required voltage level through power transformer and fed to the grid AC energy is then
synchronized with the grid and power is exported to the grid.
8. PROJECT STRENGTHS
The main strengths of this renewable energy based power project include:
Power Demand supply gap.
Sustained availability of sun radiations.
Substantial socio-economic and environmental benefits.
Latest technology equipment with highest efficiency.
Sound techno commercial viability.
Conducive State & Central Government Policies.
A Solar Power Plant of 200 KW is proposed to be installed as a grid connected solar facility as defined
Type-I Project under “Uttarakhand Solar Power Policy – 2013”. The proposed solar power plant will be
capable of producing 200 KWh of electricity and will be developed on a 2000 m2 parcel of land located in the
Village Kumardhar, Block Jakhnidhar, Tehsil Jakhnidhar, District Tehri Garhwal, Uttarakhand.
Renewable energy generators require an up-front investment, which may be spread over the duration of the
construction. Once operating, no further injections of capital are required unless a major incidence happens,
which can be avoided if cash is kept in a major incidence account, funded from current cash flows.
The project is proposed to be installed under Category-B of MSME Policy of Uttarakhand. As per
MSME Policy of Govt. of India; Project will avail capital subsidy @35% (Maximum to Rs. 40 Lakhs) as well
as interest subsidy @ 8% (Maximum Rs. 6 Lakhs/year/unit) from State Govt. after installation & grid
synchronization.
The proposed project will collect the energy from the sun using multi -crystalline photovoltaic modules
and convert it to electrical energy for distribution to the local electricity distribution system. The entire
generated power will be sold to UPCL for next 25 years @ Rs. 4.69 per unit. For sale of generated power,
a PPA (Power Purchase Agreement) has already been signed with UPCL.
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The total manpower requirement for the Solar Power project works out to around 3 for the power plant.
Skilled category, semi-skilled, un-skilled and supervisory category manpower, as well as staff is required for the
power plant. It is necessary to employ competent, experienced and professional staff as well as operating
personnel, at the switchyard and main solar power plant. Man power planning, recruitment, training and inducting
etc. must start right from the beginning of project execution.
The proposed Solar Power project of will be a landmark achievement in renewable power sector of
Uttarakhand. It will truly become a role model for utilizing the Solar Power in the most efficient manner for eco-
friendly products like renewable and decentralized power generation. The sound techno-economic and commercial
viability of this project, coupled with highest efficiency in all aspects of power generation, will pave the way for
integration of power industry in the state of Uttarakhand.
Establishment of the latest and most efficient technologies adopted for PV based power generation will
also help the Indian power industry and equipment manufacturers to grow leaps and bounds, at the national and the
international levels.
The socio-economic benefits arising out of this project for the local populace will include creation of direct
and indirect jobs and consequent rise in the income levels, associated commercial and social infrastructure
development in the areas, improved quality and availability of power due to grid benefits (in terms of deemed
generation and power factor improvement), better environment.
At the national and the State levels, the benefits include decentralized power generation, reduction in T&D
losses, reduced emissions, increased tax revenues and reduction in the transmission costs.
Improved returns from trade of emission reductions due solar based power generation from the upcoming
international emissions trade market, under the Kyoto protocol.
The project will have excellent multiplier effect and will become truly a win-win situation for all
stakeholders. Thus, the proposed project has substantial socio-economic and environmental benefits at the local,
the State, the Regional and the National levels.
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12.1 EQUIPMENTS REQUIRED FOR GRID INTERACTIVE ROOF TOP SOLAR PV SYSTEM:
The grid interactive roof top solar PV system generally comprises the following equipment.
a) Solar PV Power Source/Solar Array
b) Grid-Tie PCU/Inverter
c) Mounting Structure
d) Power and control Cables
e) Earthing equipment /material
f) Junction Boxes or combiners
g) Instruments and protection equipment
a) Solar photovoltaic modules can be developed in various combinations depending upon the requirements of the
voltage and power output to be taken from the solar plant. No. of cells and modules may vary depending upon
the manufacturer prudent practice.
b) The capacity and rating of SPV Power Source will depend on the load to be fed by it. The basic building block of
PV technology is the solar “cell”. Numbers of cells are wired in series to provide one PV “module”. Many
modules are linked together to form a PV “Array”. Many arrays are then wired to form a solar PV system to give
the desired output.
c) As a rule of thumb, the roof top solar PV modules will cover a maximum area in the range of 10m2 to 18m2 per
kWp depending on the type of technology used and also depending upon the space available. The orientation
would be generally towards south and inclination angle shall be the latitude of the location of the installation.
d) I-V Curve The suppliers of the SPV power source shall provide the I-V Curve at standard condition of
1000W/m2 solar intensity at 25 Degree Centigrade and Air Mass (thickness of the atmosphere)) of 1.5.
e) Irradiance or Light intensity: In actual field condition the irradiance may be different than the standard
irradiance. The SPV modules or panels are designed at a standard irradiance of 1000 watts per meter square at
25° Celsius and AM (air mass) 1.5, which is called “ONE SUN” or peak irradiance. The current delivered by the
SPV power source will decrease or increase but there would be no variation in the system voltage.
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f) The PV power project developers are required to optimize generation of electricity in terms of kWh generated
per kWp of PV capacity installed vis-à-vis available solar radiation at the site. This may be achieved through use
of efficient electronics, lower cable losses, maximization of power transfer from PV modules to electronics and
the grid, and by enhancing incident radiation by optional methods like seasonally changing tilt angles, etc.
g) As a rule of thumb 15% generation may be deducted if system is to be located within 50 km. of the coast and
7% may be deducted if PV system is located in valley regions subject to fog conditions.
h) The modules shall conform to IEC 61215, IEC 61646, IEC 61730 (Safety Qualification Testing), IEC 61701 (For
highly corrosive atmosphere) and 60068-2-68 standards. The proposed tilt angle for the modules is 30° (all the
modules will be facing south).
i) The wattage of the Solar Module will be 390/395 Watt of reputed brand like Adani/Vikram/Waaree/Websol. Total
230 KW capacity Solar Modules will be installed at DC side of the project. Total 590 Panels of 390 Watt each
will be installed to obtain the desired output.
b) The output of the inverter must synchronize automatically its AC output to the exact AC voltage and frequency
of the grid.
c) In a solar PV system without battery or with battery the inverter continuously monitors the condition of the grid
and in the event of grid failure; the solar system is resynchronized with the grid within two minutes after the
restoration of grid. Grid voltage is continuously monitored and in the event of voltage going below a preset value
and above a preset value, the solar system shall be disconnected from the grid within the set time. Both over
voltage and under voltage relays shall have adjustable voltage (50% to 130%) and time settings (0 to 5
seconds).
d) Over-voltage protection shall be provided by using Metal Oxide Varistors (MOVs) on DC and AC side the
inverter.
e) The inverter shall be a true sine wave inverter for a grid interactive PV system.
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f) The degree of protection of the indoor inverter panel shall be at least IP 31 and that of outdoor at least IP-
54/IP65.
g) String Inverter/PCU of reputed brand like ABB/Delta/Solis, each of 50 KW capacity is proposed to be used
keeping in view the location of the site and in case of any fault, only partial breakdown will happen and
remaining project will continuous feed power into the grid.
a) Hot dip galvanized iron mounting structures will be used for mounting the modules/ panels/arrays. These
mounting structures must be suitable to mount the SPV modules/panels/arrays on the ground, at an angle of tilt
with the horizontal in accordance with the latitude of the place of installation.
b) The ‘C’ Chanel of 70 MM x 40 MM x 10 MM of thickness 2.5 MM will be used and the GI thickness will be
minimum 80 Microns.
c) The Mounting structure shall be so designed to withstand the 150 Km/Hr. wind speed.
d) The mounting structure steel shall be as per latest IS 2062: 1992 and galvanization of the mounting structure
shall be in compliance of latest IS 4759.
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Dust, water and vermin proof junction boxes of adequate rating and adequate terminal facility made of fire
resistant Plastic (FRP) shall be provided for wiring. Each solar array shall be provided with fuses of adequate
rating to protect the solar arrays from accidental short circuit.
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• 11kV Transformer – Oil immersed type with Off circuit tap changer with all accessories
• Low Voltage (LV) Panel
• High Tension (HT) Panels
• LT & HT cables
• Control & Power evacuation cables
13.5.2 Transformers
The proposed step-up transformer of 0.440/11 KV, 250 KVA shall be installed outdoor suitable for the
climate of the proposed project site. The transformer will be free from annoying hum and vibration when it is in
operation, even at 10% higher voltage over the rated voltage. The noise level will be in accordance with
respective standards.
The transformer will be designed and constructed so as not to cause any undesirable interference in radio
or communication circuits. The oil filled transformer will be capable of operating continuously at its rated output
without exceeding the temperature rise limits as given below over design ambient temperature of 500 C.
13.5.3 11 kV Switchyard
11kV Switchyard has been envisaged for evacuation of power through Step up Transformers for the
proposed plant. The switchyard shall be located in adjacent to Central Control Building. The switchyard shall be
interconnected with the 11 kV Grid Substation by means of overhead conductor.
Switchyard equipment:
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a) Circuit beakers
The circuit breakers and accessories will be in general conforming to IEC: 600 56, IS 60947 Part I, II,
III, EN 50521 and IS: 13118 as applicable. The circuit breaker will be totally re-strike free under all
the duty conditions and will be capable of breaking magnetizing current of transformer and capacitive
current of unloaded overhead lines without causing over voltages of abnormal magnitudes.
b) Current Transformers
Live or dead tank type three phase multi-core multi ratio current transformers will be provided for
indication, metering and protection requirements. Accuracy of tariff metering cores shall not be less
than Class 0.2. Separate CT cores will be provided for Main and Check Tariff Metering.
1. The physical alignment of switchgear panel along with incoming and outgoing feeder connections,
supporting insulators & structures of bus bars will not get disturbed and there will not be any internal
flashover and/or electrical fault.
2. All relays, transducers, indicating instruments, devices in switchgear panels will not mal-operate.
3. Current carrying parts, supporting structure, earth connection etc. will not get dislocated and /or will not
break or distort.
4. Co-ordination with other systems
All equipment will have necessary protections. Every switchgear will be provided with necessary arrangement
for receiving, isolating, distributing and fusing of 440V AC and DC supplies for various control, lighting, space
heating and spring charging circuits. DC supply for control shall be duplicated for each board which shall run
through auxiliary bus wires.
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13.5.5 Cables
Cables will be unearthed grade suitable for use in medium resistance earthed system, with stranded &
compacted aluminum conductors, extruded semi-conducting compound screen, extruded XLPE insulated,
extruded semi-conducting compound with a layer of non- magnetic metallic tape for insulation screen, extruded
PVC (Type ST-2) FRLS outer sheathed, multi-cored conforming to IS 7098 (Part II) IEC-60502 for constructional
details and tests.
a) LT Power Cables
LT Power Cable will be unearthed grade, multi-core, stranded aluminum conductor, XLPE insulated
with PVC outer sheath made on FRLS PVC compound. All other details will be as applicable.
Minimum conductor cross section of power cables will be 25 Sq.mm or according to the voltage and
current of the system.
b) Control Cables
Control cables will be 1100V Grade, multi-core, minimum 4 mm2 cross section, stranded copper
conductor having 7 strands, PVC insulated, and outer sheath made of FRLS PVC compound. In
situations where accuracy of measurement is or voltage drop in control circuit is not warrant, higher
cross sections as required will be used. 4 sq.mm copper conductor cables will be used for CT circuits
all other specifications remaining same.
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c) The minimum size of 11 kV power cables shall be chosen taking into account Fault level contribution to the
system and full load current. The allowable voltage drop at terminal of the connected equipment shall be max.
2.5% at full load. The de-rating factors viz. group duration of temp. duration shall also be considered while
choosing the conductor size.
d) The size of the cables between array interconnections, array to junction boxes, junction boxes to PCU etc. shall
be so selected to keep the voltage drop and losses to the minimum. The bright annealed 99.97% pure bare
copper conductors that offer low conductor resistance, they result in lower heating thereby increase in life and
savings in power consumption. These wires are insulated with a special grade PVC compound formulated. The
skin coloration offers high insulation resistance and long life. Cables are flexible & of annealed electrolytic grade
copper conductor and shall confirm to IS 1554/694-1990 and are extremely robust and resist high mechanical
load and abrasion.
a) Earthing is essential for the protection of the equipment & manpower. Two main grounds used in the power
equipment are :
System earth
Equipment earth
b) In case of equipment earth all the non-current carrying metal parts are bonded together and connected to earth
to prevent shock to the man power & also the protection of the equipment in case of any accidental contact.
c) To prevent the damage due to lightning the one terminal of the lightning protection arrangement is also earthed.
The provision for lightning & surge protection of the SPV power source & Charge controller is required to be
made.
d) Earth resistance shall not be more than 5 ohms. It shall be ensured that all the earths are bonded together to
make them at the same potential.
e) The earthing conductor shall be rated for the maximum short circuit current. & shall be 1.56 times the short
circuit current. The area of cross-section shall not be less than 1.6 sq mm in any case.
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The Metering shall be done with two (one main and one check) ABT meter or with 0.2S class accuracy as
approved by the concern DISCOM. The meter shall be installed in both Plant end and Grid Substation coupling
point.
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c) Data logger system must record these parameters for study of effect of various environmental & grid parameters
on energy generated by the solar system and various analysis would be required to be provided through bar
charts, curves, tables, which shall be finalized during approval of drawings.
d) The communication interface shall be an integral part of inverter and shall be suitable to be connected to local
computer and also remotely via the Web using either a standard modem or a GSM / WIFI modem.
e) Alerts in case of error (discrepancy in normal operation of components, like module string/ diodes/ inverter/
junction box / loose contacts/ etc.) to facilitate recognition and correction of the fault with minimum downtime.
f) Visualizes nominal status of the connected components via Control Center PC Software (diagnosis on site or
remote) Stores and visualizes energy yield data (for life of the plant) in the Portal from where the data can be
accessed remotely
g) The bidder must supply all the required hardware to have this web based SCADA operational such that the
system can be monitored via the web from distribution company office. Full-fledged SCADA is recommended for
Solar PV plants above 25 kW.
Likely to occur in the future: Risks must be future events. Events that have occurred are facts, not risks.
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Negative effect: Should the event occur, it would harm the project. For example it could result in higher costs,
schedule delays, or reduced quality.
Not certain to occur: A certain future event is not a risk, but a task that should be included in the project plan
Risk assessment has been used as a means of preventing economic activity that creates more dangers than are
reasonable. Risk assessment allows us to identify, analyze and prioritize risks. The greatest danger for this project lies in
the financial risks. Risk management measures can transfer certain types of risks away from investors and lenders and
reduce the cost of financing a PV project. Other risks and barriers specific to PV projects are not uncommon, such as
governmental, social, and environmental risks. Risk aversion or mitigation becomes useful in identifying early stage
concerns of this PV project.
To secure loans, developers and their equity sponsors will generally need to provide 20%-30% of the
capital for a project in the form of shareholder equity. As the risk associated with a project increases, lenders
might require that equity play a larger role in the financing structure. It is important for the financers to have
confidence in the application of this new technology. Before considering project risks, we will consider insurance
for financing which is a way to ensure financing throughout the project.
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Natural Hazard Medium Medium-High impact varies Conduct side effect study
upon nature of the hazard. and mitigation strategy for
fire. Lighting. Flood
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Loss Description
Shading Three types of shading losses are considered in the PV energy yield model: horizon shading,
shading between rows of modules and near shading due to trees and buildings.
Incident angle The incidence angle loss accounts for losses in radiation penetrating the front glass of the PV
modules due to angles of incidence other than perpendicular.
Low irradiance The conversion efficiency of a PV module reduces at low light intensities.
Module temperature The characteristics of a PV module are determined at standard temperature conditions of
25°C. For every °C temperature rise above this, module efficiency reduces according to their
temperature coefficient.
Soiling Losses due to dust and bird droppings; soiling the module.
Module quality Most PV modules do not match exactly the manufacturer’s nominal specifications. Modules
are sold with a nominal peak power and a given tolerance within which the actual power is
guaranteed to lie.
Module mismatch Losses due to "mismatch" are related to the fact that the real modules in an array do not all
rigorously present the same current/voltage profiles: there is a statistical variation between
them.
DC wiring resistance Electrical resistance in wires between the power available at the modules and at the terminals
of the array gives rise to ohmic losses (I²R).
Inverter performance Inverters convert from DC into AC with a certain specified maximum efficiency. Depending on
the inverter load, they will not always operate at maximum efficiency.
AC losses This includes transformer performance (MV/HV) and ohmic losses in the cable leading to
substation.
Downtime Downtime depends on the grid availability, diagnostic response time, stock of spare
equipment and the repair response time.
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Loss Description
MPP tracking The inverters are constantly seeking the maximum power point (MPP) of the array by shifting
inverter voltage to the maximum power point voltage. Different inverters do this with varying
efficiency.
Losses occur when irradiated solar energy is converted into AC electrical energy. A monitoring system has to be
implemented to make account of the amount of power generated and computation of the losses at the same time. To
minimize the losses on solar irradiance or for maximization of module efficiency, the collector plane is tilted to
approximately 30o to the horizontal.
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Plant will be purchased by UPCL according to the terms and conditions mentioned in the PPA (Power
Purchase Agreement).
Directorate of Industries executes the industrial policies of State Government as well as of Govt.
of India. It operates Single Window Contact & Facilitation Centers for establishment/facilitation center for
the setting up of Micro, Small and Medium industries in the state of Uttarakhand. It will also facilitate to
obtain capital subsidy as well as interest subsidy under the Uttarakhand MSME Policy.
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3 Site Development Works and Fencing of the power project 1 Job 4,00,000.00
4 Miscellaneous L.S. 3,00,000.00
Total 1,37,06,500.00
5. Subsidy from MSME 35,00,000.00
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23. Conclusion
The techno-commercial viability of the proposed PV Based 200 KW Grid Connected Solar power plant at
Village Kumardhar, Jakhnidhar, Block Kakhnidhar, District Tehri Garhwal, Uttarakhand under Type-I Project of
Uttarakhand Solar Policy to be implemented by the Owner has been detailed out in the previous chapters. It has been
found that the major factors affecting the Project are technical Feasibility and financial viability.
Therefore the following conclusions are drawn keeping the above into consideration. Recommendations are
project specific and are the best after analyzing the project in detail.
Compared to similar Power Projects, this project is Capital intensive. One way to contain this Capital cost is to
minimize the engineering, procurement and construction cost and at the same time not compromising on the quality. This
can be achieved through the competitive bidding route. This ensures the quality as well as the cost. This has also a
positive side in containing the cost of manpower, material, and cost for implementation, time overrun and cost overrun for
the Project. Therefore Competitive Bidding is recommended for the Project
There is Central and State support and fiscal incentives available for various options for similar projects.
The Government of Uttarakhand is now encouraging such projects, under the tariff guidelines of UERC
The Government is also encouraging such projects by capital as well as interest subsidy.
The period of implementation of this Project is considered to be low, at around 6 months.
The break-even point for this project is reasonable and hence there is no doubt about its profitability.
Therefore it is recommended by us to implement the Solar Power Project and adopt the professionalism and work
efficiency that such projects offer and create benchmark in the industry itself.
In view of the above, it is feasible to implement and operate the proposed 200 KW Solar Power Project.
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24. DEFINITIONS
Any capitalized term, used but not defined in this DPR, shall have the meaning ascribed to such term in the RfP
Documents, or the Bidding Guidelines, in that order. In absence of availability of definitions in the foregoing references,
the capitalized terms shall be interpreted in accordance with the Electricity Act 2003, the CERC (Terms and Conditions
for Tariff determination from Renewable Energy Sources) Regulations, 2012, UERC (Tariff and Other Terms for Supply
of Electricity from Renewable Energy Sources and non-fossil fuel based Co-generating Stations) Regulations, 2018, Grid
Code or any other relevant electricity law, rule or regulation prevalent in India, as amended or re-enacted from time to
time, in that order.
The following terms are defined for use in this DPR:
1. “Appropriate Commission” shall mean the CERC, or the UERC or the Joint Commission referred to in
Section 83 of the Electricity Act 2003, as the case may be;
2. “Average Pooled Purchased Cost (APPC)” shall mean the weighted average pooled price at which the
distribution licensee has purchased the electricity including the cost of self-generation, if any, in the
previous year from all the energy suppliers long-term and short-term, but excluding those based on
renewable energy sources, as the case may be.
3. “Capacity Utilization Factor” or “CUF” shall mean the total energy sent out during the period expressed
as a percentage of installed capacity reduced by the normative auxiliary consumption in that period
4. “CERC” shall mean the Central Electricity Regulatory Commission of India constituted under sub – section
(1) of Section-76 of the Electricity Act, 2003 or its successors;
5. “Consents, Clearances and Permits” shall mean all authorizations, licenses, approvals, registrations,
permits, waivers, privileges, acknowledgements, agreements, or concessions required to be obtained from
or provided by any concerned authority for the purpose of setting up of the generation facilities including
dedicated transmission line and/or supply of power;
6. “COD” Date of commercial operation or commissioning shall be considered as the date of first injection of
power into the licensee’s grid after completion of project in all respect subsequent to compliance of all the
following pre-requisites:
(a) Installation of Energy meter as certified by the concerned Executive Engineer of the distribution
licensee.
(b) Project completion report as verified by UREDA, the state nodal agency.
(c) Issuance of Clearance Certificate by the Electrical Inspector.
(d) Further, such generator has to demonstrate minimum 75% Performance Ratio based on the rated
installed capacity in KW or MW at the time of inspection for initial commissioning.
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7. “Contract Year” shall mean the period beginning on the Scheduled Delivery Date and ending on the
immediately succeeding March 31 and thereafter each period of 12 months beginning on April 1 and ending
on March 31 provided that the last Contract Year shall end on the last day of the term of the PPA;
8. “CTU” or “Central Transmission Utility” shall mean the utility notified by the Central Government under
Section-38 of the Electricity Act 2003;
9. “Effective Date” shall mean the date from which the PPA becomes effective;
10. “Electricity Act 2003”shall mean the Electricity Act, 2003 and any rules, amendments, regulation,
notifications, guidelines or policies issued there under from time to time.
11. “Feed in Substation” shall be the substation of Transco / Discom.
12. “Grid Code” / “IEGC” or “State Grid Code” shall mean the Grid Code specified by the Central
Commission under clause (h) of sub-section (1) of Section 79 of the Electricity Act and/or the State Grid
Code as specified by the concerned State Commission referred under clause (h) of sub-section (1) of
Section 86 of the Electricity Act, as applicable;
13. “Hilly Region of Uttarakhand”. Shall be as defined in Micro, Small and Medium Enterprise (MSME)
policy- 2015 and as amended time to time by Uttarakhand Government except the area described in
category D in the MSME Department order No 544/VII-2-16/146-MSME/2013 dated22/03/2016.
14. “Interconnection Point” shall mean interface point of line isolator on outgoing feeder on HV side of
generator transformer in the switching year of renewable energy generating facility with the transmission
system or distribution system.
15. “Law” shall have the same meaning as ascribed thereto in the PPA;
16. “Letter of Award” or “LOA” shall mean the letter to be issued by UREDA to the Successful Bidder(s) for
supply of power;
17. “PPA” shall mean the agreement to be entered into between UPCL and the Seller pursuant to which the
Seller shall supply power to UPCL as per the terms and conditions specified therein and a draft of which is
attached hereto and marked as Enclosure 1 of Format 4.10 of this RfP, including all its schedules,
annexures, and all amendments or modifications;
18. “UPCL” shall mean Uttarakhand Power Corporation Ltd. (UPCL), Dehradun – a Company incorporated in
India and registered under the Companies Act, 2013.
19. “Permanent Resident of Uttarakhand” shall means:-
(a) In case of individual – Permanent resident of Uttarakhand means a person having domicile/Permanent
residency certificate of Uttarakhand State. The Proprietor firms shall be treated as Individual.
(b) In case of Entity – The Entities like Registered Partnership Firm, Company, LLP, Trust, Society or
Autonomous organization/Institutions under State Govt mean an entity having its registered office in
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the State of Uttarakhand, and having 51% of the paid up capital and control held by the Permanent
Residents having domicile/Permanent residency certificate of Uttarakhand State.
20. 'Regulations' means the Uttarakhand Electricity Regulatory Commission (Tariff and Other Terms for
Supply of Electricity from Renewable Energy Sources and non-fossil fuel based cogenerating stations)
Regulations, 2018.
21. “Scheduled Delivery Date” shall mean the Date on which the Seller is required to start delivering the
power at the Interconnection Point as per the terms and conditions of the PPA;
22. “Seller” shall mean the Person or the Project Company, as the case may be who executes the PPA and
shall be responsible for supplying power to UPCL at the Interconnection Point for the term of the PPA as
per the terms and conditions specified.
23. “SERC” shall mean the State Electricity Regulatory Commission of any state in India constituted under
Section-82 of the Electricity Act, 2003 or its successors, and includes a Joint Commission constituted under
sub-section (1) of Section 83 of the Electricity Act2003;
24. “Levelised Tariff” refers to the average fixed tariff over the entire term of the PPA, the bidder has to quote
Levelised tariff
25. “Statutory Auditor” shall mean the auditor of a Company appointed under the provisions of the
Companies Act, 2013 or under the provisions of any other applicable governing law;
26. “STU” or “State Transmission Utility” shall mean the board or the government company specified as
such by the State Government under sub-section (1) of Section 39 of the Act;
27. “Type-I Project”- shall mean “Projects selected as per the competitive bidding process for selling power to
Uttarakhand DISCOM for meeting their RPO Obligation as specified by UERC from time to time under
Uttarakhand Solar Energy Policy-2013 and as amended from time to time”.
28. “IDS” shall mean “Industrial Development Scheme for Himachal Pradesh and Uttarakhand notified by
Ministry of Commerce & Industry (Department of Industrial Policy & Promotion, Govt. of India vide
notification F. No. 2(2)/2018-SPS dated 23rd April, 2018.
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Array Layout
ACDB Module Wattage 390
Watt
LT Cable No. of Modules 590 Nos.
No. of Inverters 4 Nos.X
Step-up 50KW
Transformer Structure Tilt 290
0.4/11KV 125 KVA (Ture South)
Capacity of Plant 200 KW
AC
Structure MS HDG
Metering, CT
& PT, VCB
HT Cable
Legends
Solar PV Module 390 Watt
HT Line
Solar String Inverter of 50 KW
11 KVA
Cable Routing
3 Financial Assumption
Tariff Period Years 25
Debt: Equity
Debt % 76%
Eqity % 24%
Total Debt Amount Rs. Lakhs 95.00
Total Equity Amount Rs. Lakhs 30.00
Debt Component
Repayment Schedule Monthly
Intrest Rate % 9.5%
Term of Loan Years 7
Equity Component
Eqity Amount Rs. Lakhs 30.00
Return on Equity for first 10 years % p.a 0%
Return on Equity 11th year onward % p.a 0%
Depreciation
Depreciation rate (SLM for entire life) % p.a 4.00%
Interest on Working Capital
Working capital as per CERC Regulation 5%
Operation & Maintenance
O&M Cost Rs. Lakhs/MW 3.00
Total O&M Cost Rs. Lakhs 0.75
O&M esclation % p.a 5.72%
Incentives
GBI per unit (max under MNRE) Rs. / unit 0
Rs. Lakhs/
Generation Based Incentive if any
annum 0
Period for GBI Years 0
GBI for a project Rs/kWh 0
5 Working Capital
O&M Expense per Month Rs. Lakhs 0.10
Maintenance Spare % of O&M Cost 2%
Recievables for one and half month Rs. Lakhs
Intrest Rate on Working Capital % 10%
6 State Tariff
Assumption State electricity Board (PPA) Rs/KWh 4.69
Assumption Escalation Factor % 0%
Escalation after year year 0
7 Taxes
MAT % 20%
Corporate Tax % 26.00%
Individual % 31.20%
A.2 OPERATION & MAINTENANCE COST
O&M COST PER MW Rs. Lakhs 3.000
TOTAL O&M COST Rs. Lakhs 0.750
ESCALATION PER YEAR % 5.72%
YEAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
ANNUAL O&M COST Rs. Lakhs 0.750 0.793 0.838 0.886 0.937 0.990 1.047 1.107 1.170 1.237 1.308 1.383 1.462 1.546 1.634 1.634 1.728 1.826 1.931 2.041 2.158 2.281 2.412 2.550 2.696
MONTHLY O&M COST Rs. Lakhs 0.063 0.066 0.070 0.074 0.078 0.083 0.087 0.092 0.098 0.103 0.109 0.115 0.122 0.129 0.136 0.136 0.144 0.152 0.161 0.170 0.180 0.190 0.201 0.212 0.225
YEAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
RATE OF DEPRECIATION % 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
WDM opening balance Rs. Lakhs 125.000 124.200 118.360 112.520 106.680 100.840 95.000 90.000 85.000 80.000 75.000 70.000 65.000 60.000 55.000 50.000 45.000 40.000 35.000 30.000 25.000 20.000 15.000 10.000 5.000
depriciation Rs. Lakhs 0.800 5.840 5.840 5.840 5.840 5.840 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000
WDM closing balance Rs. Lakhs 124.200 118.360 112.520 106.680 100.840 95.000 90.000 85.000 80.000 75.000 70.000 65.000 60.000 55.000 50.000 45.000 40.000 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0.000
A.5 TARIFF CALCULATION
UNITS GENERATION YEAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
INSTALLED CAPACITY MW 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250 0.250
Total GENERATION Lakhs unit 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380 4.380
DEPRECIATION Rs. Lakhs 0.800 5.840 5.840 5.840 5.840 5.840 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000 5.000
RETURN ON EQUITY Rs. Lakhs 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
INTREST ON WORKING CAPITAL Rs. Lakhs 0.175 0.175 0.176 0.176 0.176 0.176 0.177 0.177 0.177 0.178 0.178 0.178 0.179 0.179 0.180 0.180 0.180 0.181 0.181 0.182 0.182 0.183 0.184 0.184 0.185
O& M COST Rs. Lakhs 0.750 0.793 0.838 0.886 0.937 0.990 1.047 1.107 1.170 1.237 1.308 1.383 1.462 1.546 1.634 1.634 1.728 1.826 1.931 2.041 2.158 2.281 2.412 2.550 2.696
TOTAL COST Rs. Lakhs 10.721 15.559 15.291 14.995 14.668 14.306 13.066 12.624 12.136 11.596 11.000 10.341 9.615 8.812 7.927 6.975 6.908 7.007 7.112 7.223 7.340 7.464 7.596 7.734 7.881
Installation
Liabilities Year-1 Year-2 Year-3 Year-4 Year-5 Year-6 Year-7 Year-8 Year-9 Year-10 Year-11 Year-12 Year-13 Year-14 Year-15
Period
Equity 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
Reserves & Surplus
Surplus of P& L 0.00 15.80 26.39 37.99 50.09 62.16 74.19 85.83 98.29 110.82 123.29 135.70 148.06 160.36 172.60 184.77
Capital Reserve - - - - - - - - - - - - - - - -
Loan Amount 95.00 92.63 78.38 64.13 49.88 35.63 21.38 7.13 - - - - - - - -
Total Liabilities 125.00 138.42 134.76 132.12 129.97 127.79 125.56 122.95 128.29 140.82 153.29 165.70 178.06 190.36 202.60 214.77
Assets
Land - - - - - - - - - - - - - - - -
Plant & Machinery 120.00 119.20 113.36 107.52 101.68 95.84 90.00 85.00 80.00 75.00 70.00 65.00 60.00 55.00 50.00 45.00
Cash & Bank balance 0.00 14.22 16.40 19.60 23.29 26.95 30.56 32.95 43.29 60.82 78.29 95.70 113.06 130.36 147.60 164.77
Miscl Assets 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Sundry Debtors
Security Deposit
Total Assets 125.00 138.42 134.76 132.12 129.97 127.79 125.56 122.95 128.29 140.82 153.29 165.70 178.06 190.36 202.60 214.77
- - - - - - - - - - - - - - - -
Statement showing calculation of estimated interest
Loan Interest Rate 9.5% (Rs. In Lakhs)
Sr. Year Repayment of Principal Closing Balance Interest
No. Monthly Yearly Monthly Yearly Monthly Yearly
a Outstanding Loan 95.00 92.63 78.38 64.13 49.88 35.63 21.38 7.13 - - - - - - - - -
b Outstanding Equity Capital 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00
c Loan Principal Repayment 2.38 14.25 14.25 14.25 14.25 14.25 14.25 7.13 - - - - - - - -
d Interest on Term Loan 4.48 8.07 6.71 5.36 4.00 2.65 1.30 0.14 - - - - - - - -
e Total (c+d) 6.86 22.32 20.96 19.61 18.25 16.90 15.55 7.27 - - - - - - - - - - - - - - - - -
11 Net Profit 15.80 10.59 11.61 12.10 12.07 12.03 11.64 12.47 12.52 12.47 12.42 12.36 12.30 12.24 12.17 12.17 12.10 12.03 11.95 11.87 11.77 11.69 11.59 11.48 11.37
12 Net Cash Accurals Depreciation added back (Rs. in crore) 16.60 16.43 17.45 17.94 17.91 17.87 16.64 17.47 17.52 17.47 17.42 17.36 17.30 17.24 17.17 17.17 17.10 17.03 16.95 16.87 16.77 16.69 16.59 16.48 16.37
A.8 Cost of Production 1.73 6.81 6.85 6.90 6.95 7.01 6.22 6.28 6.35 6.41
Sl.No. Description 0 yr 1 yr 2 yr 3 yr 4 yr 5 yr 6 yr 7 yr 8 yr 9 yr 10 yr 11 yr 12 yr 13 yr 14 yr 15 yr 16 yr 17 yr 18 yr 19 yr 20 yr 21 yr 22 yr 23 yr 24 yr 25 yr
1 Total Expenses 6.21 14.87 13.57 12.26 10.96 9.66 7.52 6.42 6.35 6.41 6.49 6.56 6.64 6.72 6.81 6.81 6.91 7.01 7.11 7.22 7.34 7.46 7.60 7.73 7.88
2 Generation 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38 4.38
3 Cost of production / KWH 1.42 3.40 3.10 2.80 2.50 2.20 1.72 1.47 1.45 1.46 1.48 1.50 1.52 1.54 1.56 1.56 1.58 1.60 1.62 1.65 1.68 1.70 1.73 1.77 1.80
Sources of Funds
a Profit before taxation 19.62 17.51 18.82 19.48 19.43 19.38 18.02 19.12 19.19 19.13 19.06 18.98 18.90 18.82 18.73 18.73 18.63 18.54 18.43 18.32 18.20 18.08 17.95 17.81 17.66
interest added back 4.48 8.07 6.71 5.36 4.00 2.65 1.30 0.14 - - - - - - - - - - - - - - - - -
b Increase in long term borrowings 95.00
I Total (a+b+c+d) Rs. in lakhs 125.00 24.10 25.57 25.53 24.84 23.43 22.03 19.32 19.26 19.19 19.13 19.06 18.98 18.90 18.82 18.73 18.73 18.63 18.54 18.43 18.32 18.20 18.08 17.95 17.81 17.66
Disposition of Funds 0 yr 1 yr 2 yr 3 yr 4 yr 5 yr 6 yr 7 yr 8 yr 9 yr 10 yr 11 yr 12 yr 13 yr 14 yr 15 yr 16 yr 17 yr 18 yr 19 yr 20 yr 21 yr 22 yr 23 yr 24 yr 25 yr
e Decrease in long term borrowings 2.38 14.25 14.25 14.25 14.25 14.25 14.25 7.13 - - - - - - -
f Interest on term loan 4.48 8.07 6.71 5.36 4.00 2.65 1.30 0.14 - - - - - - -
g Taxation 3.02 1.08 1.37 1.54 1.52 1.51 1.38 1.65 1.67 1.66 1.64 1.62 1.60 1.58 1.56 1.56 1.53 1.51 1.48 1.45 1.43 1.39 1.36 1.33 1.29
II Total (d+e+f+g) Rs. in lakhs 125.00 9.88 23.40 22.33 21.15 19.77 18.41 16.93 8.92 1.67 1.66 1.64 1.62 1.60 1.58 1.56 1.56 1.53 1.51 1.48 1.45 1.43 1.39 1.36 1.33 1.29
Opening balance of cash in hand - - 14.22 16.40 19.60 23.29 26.95 30.56 32.95 43.29 60.82 78.29 95.70 113.06 130.36 147.60 164.77 181.94 199.04 216.07 233.02 249.89 266.66 283.35 299.94 316.41
Net Surplus / Deficit (I - II) - 14.22 2.18 3.20 3.69 3.66 3.62 2.39 10.34 17.52 17.47 17.42 17.36 17.30 17.24 17.17 17.17 17.10 17.03 16.95 16.87 16.77 16.69 16.59 16.48 16.37
Closing balance of cash in hand - 14.22 16.40 19.60 23.29 26.95 30.56 32.95 43.29 60.82 78.29 95.70 113.06 130.36 147.60 164.77 181.94 199.04 216.07 233.02 249.89 266.66 283.35 299.94 316.41 332.78
IRR
19.70%
Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
PBT 18.817 11.668 12.976 13.640 13.589 13.535 13.021 14.117 14.195 14.127 14.056 13.981 13.901 13.817 13.729 13.729 13.635 13.535 13.430 13.319 13.202 13.078 12.947 12.808 12.661
Interest added back 4.484 8.066 6.712 5.359 4.005 2.651 1.297 0.141 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cash Outflow -90.000 23.301 19.734 19.688 18.999 17.594 16.187 14.318 14.258 14.195 14.127 14.056 13.981 13.901 13.817 13.729 13.729 13.635 13.535 13.430 13.319 13.202 13.078 12.947 12.808 12.661
Equity IRR
49.39%
Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
PBT 18.817 11.668 12.976 13.640 13.589 13.535 13.021 14.117 14.195 14.127 14.056 13.981 13.901 13.817 13.729 13.729 13.635 13.535 13.430 13.319 13.202 13.078 12.947 12.808 12.661
Cash Flow -30.00 18.817 11.668 12.976 13.640 13.589 13.535 13.021 14.117 14.195 14.127 14.056 13.981 13.901 13.817 13.729 13.729 13.635 13.535 13.430 13.319 13.202 13.078 12.947 12.808 12.661
DC SIDE LAYOUT
i
LT DISTRIBUTION GRID SCHEMATIC DIAGRAM
ii
OVERALL SYSTEM DIAGRAM
iii