1 MW Working

FinancialModel for 1 MW Solar Plant All overIndia

Below is the financialmodel for 1 MW Solar Plant investors in ten years.

All calculations are done in Lakhs
Years
Revenue
2016
113.5

2017
113.5
2018
113.4
2019
113.4
2020
113.3
2021
113.2
2022
113.2
2021
113.12
2022
113.1
2023
112.9
Total
1133
Operational
Expenses
80
Bank Interest
Payment
57.1
51.8
46.4
41
35.6
30.2
24.9
19.5
14.1
8.7
330
Depreciation
34.3
34.3
34.3
34.3
34.3
34.3
34.3
34.3
34.3
34.3
343
Total Expense
(without AD)
99.4
94.1
88.7
83.3
77.9
72.5
67.2
61.8
56.4
51
753
Profit Before
Tax (without
AD)
14.1
19.4
24.7
30.1
35.4
40.7
46
51.2
56.7
61.9
380
Taxation
(without AD)
2.7
3.7
4.7
5.7
6.8
7.7
8.7
9.7
10.8
11.8
72
Profit After Tax

(Without AD)
11.4
15.7
20
24.4
28.6
33
37.4
41.5
45.5
50.2
308
Profit After Tax

(Without AD)
11.4
15.7
20
24.4
28.6
33
37.4
41.5
45.5
50.2
308
34.3
34.3
34.3
34.3
34.3
343
41.37
41.37
41.37
41.37
41.37
413
Depreciation
34.3
34.3
34.3
34.3
34.3

Total
Less ( -)
Bank Debt
Service
amount
41.37
41.37
41.37
41.37
Balance sheet of 1MW Solar Power Plant Investors

INCOME
AMOUNT
Total Revenue
for 10 years
113,300,000
Total Income
113,300,000
Depreciation
34,300,000
Profit After Tax

(Without AD)
30,770,000
Total amount
in account
65,070,000
Bank Debt
Amount
41,300,000
Balance cash in
hand
23,770,000
EXPENDITURE
Operational
Expenses
Bank Interest
Payment
Depreciation
Total Expense
(without AD)
Profit Before Tax
(without AD)
Taxation (without
AD)
(Min Alternative Tax
19%)
Profit After Tax
(Without AD)
AMOUNT
8,000,000
33,000,000
34,300,000
75,300,000
38,000,000
7,230,000
30,770,000
113,300,000
41.37
Process to Setup 1 MW Solar Plant

Process to setup solar plant varies by State based on the requirement of the State Nodal Agency, EB and DISCOM, Below is the step by step process for Andhra Pradesh and Telangana
Land Selection
It is recommended to select the project site with in 2 kmof a Power Substation to reduce the power excavation charges
State Nodal Agency (NREDCAP)Process
1. Submit Solar Application Form
2. Submit Solar Connectivity Application Form
3. Get theSanction Letter
DISCOMDepartment Process For<= 10 MW
1. DISCOM evaluates the Solar project application form and provides feasibility report to the developer for projects less than 10 MW capacity after the application is approved by State Nodal Agency
2. Developer provide Bank guarantees, signed MOU and other documents,Please see document checklist for list of required documents
3. DISCOM provides evacuation estimation report to Developer
TRANSCO(EB)Department Process For > 10 MW
1. EB (TRANSCO)evaluates the Solar project application form and provides feasibility report to the developers for projects greater than 10 MW capacity after the application is approved by State Nodal Agency
2. Developer provide Bank guarantees, signed MOU and other documents, Please see document checklist for list of required documents
3. TRANSCO provides evacuation estimation report to Developer
Document Checklist(Required Documents)
Developer Registration Documents
1. Copy of Permanent Account Number (PAN) (Mandatory).
2. Copy of Director Identification Number (DIN).
3. Copy of Tax Information Number (TIN).
4. Copy of Central Sales Tax (CST).
5. Copy of Service Tax .
6. Copy of Value Added Tax (VAT).
7. In case of New Entrepreneur, a Copy of Fulfillment Certificate Obtained From Chartered Accountant.
8. Court Cases(if any).
Solar Power Application Documents
Solar Power Project Registration
1. A Certified Copy of the Memorandum & Article Association of the Company .
2. Certified Copy of Registration Certificate.
3. Certified Copy of the Authority Confirming Powers on the Person(s) Who are Competent to Execute the MOU/the Agreement with NREDC/DISCOM .
4. Certificate from the Chartered Accountant Showing the Net Worth of the Company.
5. Copy of Possessed Certificate of Land.
6. Hard Copy of Filled Solar Registration Form.
Solar Connectivity Documents
Solar Connectivity Form
1. Certified Copy of the Memorandum & Article Association of the Company.
2. Certified Copy of Registration Certificate.
3. Certified Copy of Partnership Deed.
4. Certified Copy of Authority Confirming Powers on the Person(s) Who are Competent to Execute the MOU/the Agreement with NREDCAP/DISCOM.
5. Certificate From the Chartered Accountant Showing the Net Worth of the Company.
6. Copy of Certificate for SPV Panels as per the MNRE Guidelines.
7. Copy of Transmission of Power & Evacuation Plan/ Interconnection Facility for the Proposed Plan.
8. Hard Copy of Filled Solar Connectivity Form.
DeveloperEvacuationDocuments
Developer Evacuation
1. Consent Form.
2. Under Taking for Acceptance Terms and Conditions Form.
3. Bank Guarantee Form.
4. Memorandum of Understanding Form (MOU).
5. Bank Challan (DD)
Here are the Actual expenses to setup up 1 MW Solar Plant in India
SL.NO DESCRIPTION
AMOUNT
TOTAL
1 PROPOSED PROJECT LAND
Land 5 Acres (Per acre)
3,00,000.00
15,00,000.00
Stamp Duty
60,000.00
60,000.00
Registration Fee
15,000.00
15,000.00
Facilitation fees
10,00,000.00
10,00,000.00
Land levelling
Extra
Extra
Compound walls
Extra
Extra
Site facility expenses
Extra
Extra
Transmission cost after 2 KM
Per KM 5,00,000
Extra
Extra
2 REGISTRATION CHARGES (NON-REFUNDABLE)
EB Fee
1,12,360.00
1,12,360.00
DISCOM Fee
11,236.00
11,236.00
PPA-Documentation(Site Survey, Project Techno-Economic
Pre-Feasibility Studies, PV analysis reposrt & Detailed
Project Report )
Other un-official expenses
10,00,000.00
15,00,000.00
10,00,000.00
15,00,000.00
3 SUB-TOTAL (1+2)
51,98,596.00
4 EPC COST PER MW

5 PERFORMANCE BANK GUARANTEES
6,00,00,000.00
The Performance Bank Guarantee is furnished to DISCOM

in the form of three bank guarantees in favor of
Managing Director of the DISCOM to enter in to PPA.(For
Project Bankability of 30% equity and 70% collateral
Security are required)
1,56,00,000.00
6 TOTAL
1,95,00,000.00
1,95,00,000.00
SL NO
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1 MW PROJECTSPECS
Module mounting Structure
5 Acre/MW land
Land levelling
Solar Modules
Module mounting Structure
Cables
Inverters with SCBs & SCADA
Switch yard 132/33/11KV
Evacuation line 132/ 33/11KV
Buildings
Internal Roads
Civil for foundation
Earthing,and lightning arrestor
Installation without material
Transportation
Compound wall
17 System design
18 Project management
Total EPC Price in lakhs
Per MW EPC Price in lakhs
1MW
Fixed
0
0
350
40
17
45
80
0
10
0
17
6
8
6
0
1MW
Tracker
0
0
350
80
17
45
80
0
10
0
17
6
8
6
0
6
591
6
631
591
631
REMARKS
Customer scope (6.5 acres for single/double axis tracker )
Customer scope
Globally ( Tier 1 ) reputed make with 25 year Power warranty
Reputed make with 25 year warranty
Reputed make with 25 year warranty
Vacon/Bonfiglioli/Hitachi/Santerno
PETE/ESENNAR Transformers with reputed make of switch gears
Customer scope can be done 11kv @ 5 lakhs/km & 33KV @ 8 lakhs/km)
PEB structure
Customer scope
As per the soil report
Standard
The best by the professionals
From ICD Hyderabad or from Chennai/NHAVA Yard
Customer scope
All prices are exclusive of taxes or Taxes extra as per actual

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FinancialModel for 1 MW Solar Plant All overIndia

Below is the financialmodel for 1 MW Solar Plant investors in ten years.

Profit After Tax

Profit After Tax

Balance sheet of 1MW Solar Power Plant Investors

Profit After Tax

Process to Setup 1 MW Solar Plant

4 EPC COST PER MW

The Performance Bank Guarantee is furnished to DISCOM

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