PROJECT PRESENTATION PV PARK

PROJECT PRESENTATION
Construction of a PV park in Dorobantu village, Calarasi county

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PROJECT PRESENTATION PV PARK

GENERAL PRESENTATION
1. PROJECT NAME PV park with a peak power of 1 MWp. 2. LOCATION The land is in the public property of Dorobanti City Hall, has a area of 2 ha with the possibility of extension up to 4 ha. The land was concessed from the City Hall for 49 years with with the right for another 24 years extension. The point for grid connection is 10 m away from the land limit. 3. INVESTMENT OWNERSHIP S.C. OMNIA CONTEXIM S.R.L.

TECHNICAL INFORMATION

The project was designed based on an offer made by Bisol Czech Republic Panel Panel dimensions Cell dimensions Number of cells Eficieny Temperature tollerance Voltage BISOL BMU-245 - mono Si 1,649 mm x 991 mm x 40 mm 156 mm x 156 mm 60 15% 3% 1,000 V (IEC)

Weight Connectors Inverters

18.5 kg Tyco (IP 65) 83 PCS. SMC type SMU 11000 TL

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PROJECT PRESENTATION PV PARK EXISTING PERMITS AND AUTHORIZATIONS Concession contract for 49 years concluded with the City Hall of Dorobantu, Calarasi county Authorizations from the Enviroment authority, ISU (fire prevention authority), Costruction authority. Solutions study for connecting the project to the grid ATR (Technical Authorization for Connection to the Grid) Construction permit documentation including certificate of urbanism, TOPO measurements, AutoCad drawings.

The building permit can be obtained in 10 days after we sumbit to Dorobantu authority the documentation we already completed. This moment was delayed for cash-flow reason in order not to pay 0,5% from the construction value but to start works in an undetermined future.

ESTIMATED TIME FRAME FOR ACCOMPLSHING THE INVESTMENT

WORKS TERMS INVESTMENT TYPE Estimated term (months) Projecting Execution 1 1 2 1 1

Fence Construction of the controller shelter

Mountig the metal structure 1 Installing the PV panels, connectors, cabling and 1 inverters Conectig the AC output to transformer and final conection to the grid

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PROJECT PRESENTATION PV PARK

ESTIMATED INVESTMENT COST

Fencing the land Metal structure including works Shelter for controllers Cabling / connectors Transformer Connection to grid sub TOTAL PV Panels including works sub TOTAL works and equipments Permits and authorizations Consultancy Projecting and design Publicity AUDIT sub TOTAL other expenses TOTAL GENERAL

eligible* eligible eligible eligible eligible eligible eligible eligible eligible

non-eligible** non-eligible non-eligible non-eligible non-eligible

val EUR 37.678,13 193.094,26 9.678,90 31.355,31 19.219,24 8.235,29 299.261,15 2.000.000,00 2.299.261,15 0 20.575,06 112.000,00 10.000,00 1.000,00 6.000,00 149.575,06 2.448.836,20

VAT eur 7.158,85 36.687,91 1.838,99 5.957,51 3.651,66 1.564,71 56.859,62 380.000,00 436.859,62 1.140,00 21.280,00 1.900,00 190 1.140,00 25.650,00 462.509,62

total eur 44.836,98 229.782,17 11.517,89 37.312,82 22.870,90 9.800,00 356.120,76 2.380.000,00 2.736.120,76 21.715,06 133.280,00 11.900,00 1.190,00 7.140,00 175.225,06 2.911.345,82

* - expenses which can be co-financed from UE funds ** - expenses which are not financed by UE funds

ESTIMATED INVESTMENT PROFITABILITY

Revenues Revenues from selling the energy to ENEL (1,400 MW/year x 30 EUR/MW) Revenues from selling Green Certificates (1,400 MW/year x 6 GC x Eur 55/GC) Total yearly revenues Expenses Consumables Salaries (3 workers to monitor and guard) Utilities Taxes to City Hall including rental Insurance Total yearly expenses

Value (EUR) 42.000,00 462.000,00 504.000,00 3.600,00 7.200,00 2.400,00 800,00 30.000,00 44.000,00

Value with VAT (EUR) 52.080,00 572.880,00 624.960,00 4.464,00 7.200,00 2.400,00 800,00 30.000,00 44.864,00

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PROJECT PRESENTATION PV PARK

EBITDA 460.000,00 580,096.00

Estimations were made based on the Green Energy Law no. 139/2010 and production estimation according to the Canadian program Ret Screen (attached)

Comparing the investment costs and yearly EBITDA , the initial investment can be repaid in 6.5 years out of the 15 years for which the project receives 6 GC/MW.

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