financial feasibility study of ‘solar pv project(2)

7/23/2019 Financial Feasibility Study of ‘Solar PV Project(2)

http://slidepdf.com/reader/full/financial-feasibility-study-of-solar-pv-project2 1/15

Financial Feasibility Study of‘Solar PV Project in Rajasthan

AMITVISHAL

SELVA KUUPASNAANKIT

SAMUEL N

SOMY

MENTORS:

PRO#$ ATMANAND

%

MR$ &HAKRADHAR KUNDU' INDIA IN#RASTRU&TURE

#INAN&E &OMPANY



Power Sector – Value Chain



Key Drivers of Solar Maret

• A*+,-. /-.2. 3,+,. * 733 2 * */.+,.

• T. 3*;*+< /, +.+. * 3* =, . *,> >.. * ;..

;. -. 7+*,-.

• T. + 3. 7, /..*. ; * 27. , +* .+.*,/ *.?+,.+,. *. .*, ,+.*,/ 7. / .23*, R.D.-.32. ,,,*,-. * . /;* .-.$ T, , .7+,/ . +*3,* +7;*,*' ,+. 27. *27 7;*,* + . 3@.+

• M7,3. */.+,. *. =<,/ =* *-*,*;,, 2.*7. =.*. ,**, .= =.*. *, * .7,. 3*+.$ S7+ ** 3-.

* .+* 2. .*,,+ ..; 2*<,/ 77. 3@.+, 27+ 2.

• E ,.*,* .=. EP& &*+ *. ;7,,/ +.+.. *<.. . * ,7$ T.. 3*. *-. C/7 3-. 72.7 3@.+

• I * .3*7. . /..* . ;.-. * /-.2. .3*2,/. =,= +.**+. 3+.7. * ;.. *3. 2* *3.+ .P=. P@.+ ..; .7+,/ . ,23.2.*, ,2. 3,+-.,.+. 3@.+ 33.



Key Features

L.,+ V*,@* P-$ L$ (3* . V,<*2 G73)' * ;.. *=*V,7 V*3* N,/*2 L,2,. . 73 * 10M S* P=. P* , R

• T. 3* =, ;. ,7*. , 37 ,,+ R*@** * , .33.*,* ; . #Y !01!C1"$

• T. 3=. 37+. =, ;. .-*+7*. 1"! K- BAP GSS$

• # . *. . 3=. /..*. 2 . 10M 3@.+' +23* / .2 P=. P7+*. A/..2. (PPA) =, NVVN !5 .* *7

F=$• T. *,> * 3. . PPA =, ;. R$ 8$69K=$

• T. 3@.+ , +*,. 7. &.* D.-.32. M.+*,2 (&D/.;.. 7. . K P+$



Solar Power Scenario ! Rajasthan

• T. G-.2. R*@** * *<. . . /=,/ 3;.2 +,2*. +*/. * . +*' *,* * /;* .-.

• R*@**' . */. *. , I,* .+.,-. 2*,272 * *,*, ,.,

• A++,/ US D.3*2. E./' R*@** .+.,-. . .+ */.* *,*, , . =

• R*@** , ;. 7,. * 3=. /..*, ,+. *-.*/. *, * , 2,

• S* *,*, , R*@** , ,2,* &*,,* * N.-** , USA

• R*@** * *7 !08'110 S$<2 .. * * * 2. * "!5 7.* =, * *,*, *;7 6CK=C2*

• 10 M G, &.+. S* PV P* * R*@**

• T. ,.+ 2* ,*, -. R*@** -*,. 2 1800 K=2! M . =.. 3* R*@** , ;.. =, *;7* * ../

• 37 , R*@** , .+.,-,/ 2*,272 * *,*, =,+ , <= *I,*$ R*@** , * ;.. =, *;7* * 7 * ;-,7 +,+. D.-.32.$



"er#s $ Conditions

#*+,, A27 T*+. A: 56 + 'T*+. B: !5 +

P73. #*+,, • T*<.-. 7*,/ *+,,,. .,,/ .•&.*, DSRA * * . .3..•

A-*+. S3 % P2. &I.. R*. T*+. A: 1!$!5 F*,/

T*+. B: 1!$50 F*,/

T. R.3*2. T*+. A: 14 .* =, 2*,72 6 2 T*+. B: 1 .* =, 2*,72 6 2

T7 % R.., A+(TRA)

*.* 2.+*,2 3,, =,*=* 1$ A *7 7.

!$ I.. 3*2."$ P,+,3* R.3*2.4$ O%M E3..5$ DSR B7,73 R.3.,2. #*+,,6$ S737 7,/ .* . =, ;. 7,,J. , ,

S=..3 &*7.$ R..-. =* .., =** ,-8$ I.2. L*A-*+. 3.2,.,

B7,. P*#,*+,* &-.* A 7. DS&R 1$15 *,,* 1 .-,



Project at a %lance



Credit Ratin&s!Vira# Solar

Facilities Ratin&s

L/ .2 &., &ARE BBB

S .2 &., &ARE A!

Reasons for hi&h ratin&• P2. .3.,.+.• P..+. , ,-.. ;7,. ./2.• T.+,+* &23..+. .7,/ , / ..+7, +*3*;,,,.•

S/ 2*<.,/ 3..+.• #,+* ,+.,-. 7. 3* +*,

'ssues:• <,/ +*3,* ,.,-. 3@.+• H,/ .37. .,/ .+*/. F7+7*, ,<• P.2*+. ,< S* PV 27.• P,;. #,*+,* +22,2. 7. /73 * *+,*. +23*



(PC – Sco)e of *or

• T.+C&22.+,* S7

• S,. S7-. % #.*,;,, R.3

• B*,+ D.,/ * P@.+ R.3 =, #,*+,* #.*,;,, S7,.

• D.*,. D.,/' E/,..,/ S* PV P=. P*• D.,/

• E/,..,/

• &,-, <

• S733' I3.+,' I**, % &22,,,/

• I3.+, * T.

• D*2*/. * ;.*<*/. . .7,32.I7*+.

• P*+<*/,/ #=*,/ * T*3*,

• O3.*, % M*,.*+.

• **

• S73.-,, P@.+ E.+7,



(PC ! %uarantees and *arranties

• L,7,*. D*2*/. I +*. * .-,*, 2 I23.2.*, S+.7. =,7 . +. . P@.+ D.-

+*+ =, ;. .3,;. 3* ,7,*. *2*/. . .+,. , . +*+$

• &7+, < G7**..

• P.2*+. G7**..

• G7**.. .?+,. 3.*, * 2*,.*+. . 3*

• S.+7, I7*+.: T. EP& +*+ =, ;. .3,;. ;

2*,*,,/ -*, ,7*+. 3,+,. 7,/ . .,. .2 . +

3., * . 3.*, * 2*,.*+. 3.,$



P+*(R P,RC-.S( .%R((M(/ T. P NNS2*..

NTP&V*3L$' */.



F'/./C'.0 ./.01S'S



Detailed Project Cost2 Sources of Fund

1 1!

80

! 4 1

Project Cost 3Rs4 0acs5

L*S,.

D.-32

B7,,/&,-,+

<

P*M*+,.

P.C3.*,-.

.3..ID&

&,/.+

""

6

Source of Fund



.ssociated Riss

Riss Miti&ation Ste)s

T.+/ ,< &7+ 2*<. .-*7*,' 7//. .+=,+ , ;, 3.2*+.' +' * 3* *+< .+

P@.+ +23., ,< E-*7*. .* ,2. .,-. -*,7.7,32. .3.+,* 2 ,.*,*A' .7. ./7* +,*, .,2.,. *. 2. ; -. EP& +

R./7* R,< P*;*+< . 3@.+ , .7. *A' 7/. 733 ... ; /-.2*/.+,. * 2*<. .37*, V,<*

T. 2 3*2. ; NTPV V,7 N,/*2 L,2,. *. ;*+<. ; L..

P* 3.2*+. ,< S..+, .3.,.+. EP& &*+

O3.*,/ ,< E7,/ EP& +*+ 7;2, ** ;.. *,/ -. 3*$ A' .7,+* *; ,. O%M

#,*+,/ ,< / ;**+. ..' .*;,. ;7,

.7,/ * **+,-. * 3*+<*/.$ &.P@.+ R.3



"han you

financial feasibility study of ‘solar pv project(2)

Documents