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    Business Plan 50 MW MR - Hilmy

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    kdccjsilva

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    Business Plan 50 MW MR - Hilmy

    Uploaded by

    kdccjsilva
    6 views5 pages

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    Business Plan 50 Mw Mr.hilmy

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    6 views5 pages

    Business Plan 50 MW MR - Hilmy

    Uploaded by

    kdccjsilva

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    BUSINESS PLAN

    50MW GROUND MOUNT SOLAR PV PROJECT

    PROJECT PROMOTER:

    RAVANA ENERGY SYSTEMS (Pvt) Ltd

    The information contained in this business plan is confidential and property of Ravana Energy

    Systems (Pvt) Limited and is intended only for the persons to whom it is transmitted by the

    Company or its representatives. Any reproduction of this document, in whole or in part, or the

    divulgence of any of its contents without the prior written consent of the Company, is

    prohibited.

    July 2023
    THE PROJECT
    Sites & Project Locations

    The Promoter has allocated required lands for the project and 05 Nos of 10 MW sites have been
    reserved with Provisional approval (PA) granted for all the sites. Nearest Grid connection is less
    than 5 KMs to all sites.

    Site Descriptions are as follows.

    No Location Provisional Capacity Remarks


    Approval
    No.
    01 Vakaneri,Batticaloa 1 PA-237640 10 MW Provisional Approval offered, and
    Grid concurrence requested
    02 Vakaneri, Batticaloa 2 PA-237660 10 MW Provisional Approval offered, and
    Grid concurrence requested
    03 Selvanagar-Pesalai -A PA- 237720 10 MW Provisional Approval offered, and
    Grid pending
    04 Selvanagar-Pesalai -B PA-237730 10 MW Provisional Approval offered, and
    Grid pending
    05 Pudukkulama-Vavuniya PA-237770 10 MW Provisional Approval offered, and
    Grid concurrence requested

    Transfer of Rights of 100% shares of the companies:


    USD 55,000/- Per MW with prevailing approvals (Total – USD 2,750,000/- for 50 MW)

     Presently, we have got Approval from Sustainable Energy Authority (SEA) to proceed up
    to Energy Permit Level for three sites having PA numbers 237640, 237660 and 237720, other
    two sites will be available by End August 2023.
     SEA already sent the grid request from Ceylon Electricity Board (CEB), and it shall be
    available by first week of August 2023
     The above mentioned share purchase price includes the following
     Land acquisition on outright basis (purchase from land owners)
     All costs of getting Environment approval and statutory payments
     Statutory payments for other approvals such as Energy Permit, PPA etc
     100% shares transfer.
     The investor shall make payments to purchase lands and those lands shall be transferred to
    the Investor company.
     An advance payment of USD 100,000/- shall be paid to developer (Ravana Energy) to take
    all other approvals and make statutory payments.
     Upon the above advance payments, the Investor will be having 10% of shares of all three
    companies
     The final payment, after deducting the advance payment, shall be paid at the time of
    signing PPA with CEB.

    APPROVED TARIFF:

    Three Tier Tariff published by CEB


    Variable Tariff published by CEB:
    FUTURE DEVELOPMENTS:

    ANTICIPATED COSTS FOR 50 MW (FOR REMAINING APPROVALS.)

    No Job Description Cost LKR Cost USD Remarks


    Million
    01 Obtaining Central Environmental 15.00 42,000.00
    Authority Clearances (CEA)
    02 Obtaining Energy Permit 25.00 69,000.00

    03 Payments for Public Utilities 5.00 13,900.00


    Commission of Sri Lanka (PUCSL)
    04 Obtaining Power Purchase 1.25 3425.00
    Agreement from Ceylon Electricity
    Board (CEB)
    05 Local Authority approvals and 10.00 27,397.00

    Contingencies
    Sub total 56.25 154,110.00
    06 VAT – 15% 8.44 23,123.00

    Total 64.69 177,233.00

    *The above costs are statutory payments to be made for obtaining relevant approvals. Once, the share transfer done
    with the full payment, these approvals are processed.

    TOTAL DEVELOPMENT COST OF THE PROJECT:

    USD 35,000,000/- BASED ON USD 750,000/- PER MW


    THIS FIGURE CAN BE DETERMINED BY THE INVESTOR.

    Eng.Nandana Ranaweera (Chartered Engineer)


    Director
    Ravana Energy Systems (Pvt) Limited.

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