Académique Documents
Professionnel Documents
Culture Documents
Assumptions
Size of the Project
Conversion
Output
Transmission loss
Wheeling Loss
Net output
Annual Degradation
MW
3
1.9
5,700,000
3.00%
0.00%
5,529,000
1%
kwh
%
%
kwh
%
%
%
EB Price
EB inflation
REC upto FY2017
REC post FY2017
INR/kwh
%
INR/kwh
INR/kwh
IT Depreciation
IT Tax
Assumptions
Cost per MW
Total Cost
Equity
Debt
Rate of interest
Duration of Loan
2%
3%
%
%
8.40
3%
0.00
0.00
%
INR
INR
INR
INR
INR
INR
0%
0.00%
0
2015
Financial Year
INR-Crore
INR-Crore
%
%
%
Years
Loan Schedule
Opening Balance
Repayment
Closing Balance
INR Crore
INR Crore
INR Crore
13.86
Interest
INR Crore
1
2016
2
2017
3
2018
4
2019
13.86
13.86
1.98
11.88
11.88
1.98
9.90
9.90
1.98
7.92
7.92
1.98
5.94
1.39
1.39
1.19
0.99
0.79
kwh
kwh
Revenue/Savings
REC Revenue
Saving on EB
Total Revenue/Savings
5,529,000
5,700,000
5,473,710
5,643,000
5,418,973
5,586,570
5,364,783
5,530,704
INR Crore
INR Crore
INR Crore
0.00
4.78
4.78
0.00
4.74
4.74
0.00
4.69
4.69
0.00
4.64
4.64
Cost/Expenses
O&M Cost
REC Brokerage
Interest
Wheeling and transmission
Other Charges
Total Cash Cost
INR Crore
INR Crore
INR Crore
INR Crore
INR Crore
INR Crore
0.30
0.00
1.39
0.00
0.00
1.68
0.31
0.00
1.19
0.00
0.00
1.49
0.32
0.00
0.99
0.00
0.00
1.31
0.32
0.00
0.79
0.00
0.00
1.12
Depreciation
PBT
Tax/(Tax Benefit)
PAT
INR
INR
INR
INR
Crore
Crore
Crore
Crore
0.00
3.10
0.00
3.10
0.00
3.24
0.00
3.24
0.00
3.38
0.00
3.38
0.00
3.53
0.00
3.53
INR Crore
3.10
3.24
3.38
3.53
Loan repayment
INR Crore
1.98
1.98
1.98
1.98
INR Crore
INR Crore
4.49
1.12
4.43
1.26
4.37
1.40
4.32
1.55
Payback-Equity
Payback Project
-19.80
-5.94
6.60
19.80
30%
70%
10%
7.00
Results:
Project IRR
21%
Equity IRR
30%
Other Assumptions:
1. All losses on account of depreciation will be absorbed in the year of loss,
hence tax benefit will be available in same year.
0.00%
0
0
0 No
0 Yes
0 Yes
0
5
2020
6
2021
7
2022
8
2023
9
2024
10
2025
11
2026
12
2027
13
2028
5.94
1.98
3.96
3.96
1.98
1.98
1.98
1.98
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.59
0.40
0.20
0.00
0.00
0.00
0.00
0.00
0.00
5,311,135
5,475,397
5,258,024
5,420,643
5,205,444
5,366,437
5,153,389
5,312,772
5,101,855
5,259,645
5,050,837
5,207,048
5,000,328
5,154,978
4,950,325
5,103,428
4,900,822
5,052,394
0.00
4.60
4.60
0.00
4.55
4.55
0.00
4.50
4.50
0.00
4.46
4.46
0.00
4.41
4.41
0.00
4.37
4.37
0.00
4.33
4.33
0.00
4.28
4.28
0.00
4.24
4.24
0.33
0.00
0.59
0.00
0.00
0.93
0.34
0.00
0.40
0.00
0.00
0.74
0.35
0.00
0.20
0.00
0.00
0.55
0.37
0.00
0.00
0.00
0.00
0.37
0.38
0.00
0.00
0.00
0.00
0.38
0.39
0.00
0.00
0.00
0.00
0.39
0.40
0.00
0.00
0.00
0.00
0.40
0.41
0.00
0.00
0.00
0.00
0.41
0.42
0.00
0.00
0.00
0.00
0.42
0.00
3.67
0.00
3.67
0.00
3.81
0.00
3.81
0.00
3.95
0.00
3.95
0.00
4.09
0.00
4.09
0.00
4.04
0.00
4.04
0.00
3.98
0.00
3.98
0.00
3.93
0.00
3.93
0.00
3.87
0.00
3.87
0.00
3.82
0.00
3.82
3.67
3.81
3.95
4.09
4.04
3.98
3.93
3.87
3.82
1.98
1.98
1.98
0.00
0.00
0.00
0.00
0.00
0.00
4.26
1.69
4.20
1.83
4.15
1.97
4.09
4.09
4.04
4.04
3.98
3.98
3.93
3.93
3.87
3.87
3.82
3.82
14
2029
15
2030
16
2031
17
2032
18
2033
19
2034
20
2035
21
2036
22
2037
23
2038
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4,851,814 4,803,296 4,755,263 4,707,710 4,660,633 4,614,027 4,567,886 4,522,207 4,476,985 4,432,216
5,001,870 4,951,851 4,902,333 4,853,309 4,804,776 4,756,728 4,709,161 4,662,070 4,615,449 4,569,294
0.00
4.20
4.20
0.00
4.16
4.16
0.00
4.11
4.11
0.00
4.07
4.07
0.00
4.03
4.03
0.00
3.99
3.99
0.00
3.95
3.95
0.00
3.91
3.91
0.00
3.87
3.87
0.00
3.83
3.83
0.44
0.00
0.00
0.00
0.00
0.44
0.45
0.00
0.00
0.00
0.00
0.45
0.46
0.00
0.00
0.00
0.00
0.46
0.48
0.00
0.00
0.00
0.00
0.48
0.49
0.00
0.00
0.00
0.00
0.49
0.51
0.00
0.00
0.00
0.00
0.51
0.52
0.00
0.00
0.00
0.00
0.52
0.54
0.00
0.00
0.00
0.00
0.54
0.55
0.00
0.00
0.00
0.00
0.55
0.57
0.00
0.00
0.00
0.00
0.57
0.00
3.76
0.00
3.76
0.00
3.71
0.00
3.71
0.00
3.65
0.00
3.65
0.00
3.60
0.00
3.60
0.00
3.54
0.00
3.54
0.00
3.49
0.00
3.49
0.00
3.43
0.00
3.43
0.00
3.38
0.00
3.38
0.00
3.32
0.00
3.32
0.00
3.27
0.00
3.27
3.76
3.71
3.65
3.60
3.54
3.49
3.43
3.38
3.32
3.27
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3.76
3.76
3.71
3.71
3.65
3.65
3.60
3.60
3.54
3.54
3.49
3.49
3.43
3.43
3.38
3.38
3.32
3.32
3.27
3.27
24
2039
25
2040
0.00
0.00
0.00
0.00
0.00
0.00
13.86
0.00
0.00
6.93
0.00
3.80
3.80
0.00
3.76
3.76
0.59
0.00
0.00
0.00
0.00
0.59
0.60
0.00
0.00
0.00
0.00
0.60
0.00
3.21
0.00
3.21
0.00
3.15
0.00
3.15
3.21
3.15
0.00
0.00
3.21
3.21
3.15
3.15
10.83
5.54
16.37
MW
100
1.6
###
3.00%
0.00%
###
1%
kwh
%
%
kwh
%
%
%
EB Price
EB inflation
REC upto FY2017
REC post FY2017
INR/kwh
%
INR/kwh
INR/kwh
IT Depreciation
IT Tax
Assumptions
Cost per MW
Total Cost
Equity
Debt
Rate of interest
Duration of Loan
1%
3%
%
%
Financial Year
INR-Crore
INR-Crore
%
%
%
Years
8.40
3%
0.00
0.00
%
INR
INR
INR
INR
INR
INR
Results:
Project IR
Equity IRR
6.25
625.00
15%
85%
14%
10.00
19%
27%
Other Assumptions:
1. All losses on account of depreciatio
of loss, hence tax benefit will be avail
0.00%
0
0
0 No
0 Yes
0 Yes
0
0%
0.00%
0
2015
1
2016
2
2017
3
2018
4
2019
5
2020
6
2021
7
2022
8
2023
478.13
53.13
425.00
425.00
53.13
371.88
371.88
53.13
318.75
318.75
53.13
265.63
265.63
53.13
212.50
212.50
53.13
159.38
159.38
53.13
106.25
66.94
59.50
52.06
44.63
37.19
29.75
22.31
Loan Schedule
Opening Balance
Repayment
Closing Balance
INR Crore
INR Crore
INR Crore
531.25
531.25
531.25
53.13
478.13
Interest
INR Crore
74.38
74.38
###
###
153,648,000
158,400,000
###
###
###
###
###
###
###
###
###
###
###
###
Revenue/Savings
REC Revenue
Saving on EB
Total Revenue/Savings
INR Crore
INR Crore
INR Crore
0.00
134.28
134.28
0.00
132.94
132.94
0.00
131.61
131.61
0.00
130.29
130.29
0.00
128.99
128.99
0.00
127.70
127.70
0.00
126.42
126.42
0.00
125.16
125.16
Cost/Expenses
O&M Cost
REC Brokerage
Interest
Wheeling and transmission
Other Charges
Total Cash Cost
INR Crore
INR Crore
INR Crore
INR Crore
INR Crore
INR Crore
6.25
0.00
74.38
0.00
0.00
80.63
6.44
0.00
66.94
0.00
0.00
73.38
6.63
0.00
59.50
0.00
0.00
66.13
6.83
0.00
52.06
0.00
0.00
58.89
7.03
0.00
44.63
0.00
0.00
51.66
7.25
0.00
37.19
0.00
0.00
44.43
7.46
0.00
29.75
0.00
0.00
37.21
7.69
0.00
22.31
0.00
0.00
30.00
Depreciation
PBT
Tax/(Tax Benefit)
PAT
INR
INR
INR
INR
Crore
Crore
Crore
Crore
0.00
53.65
0.00
53.65
0.00
59.56
0.00
59.56
0.00
65.48
0.00
65.48
0.00
71.40
0.00
71.40
0.00
77.33
0.00
77.33
0.00
83.27
0.00
83.27
0.00
89.21
0.00
89.21
0.00
95.16
0.00
95.16
INR Crore
53.65
59.56
65.48
71.40
77.33
83.27
89.21
95.16
Loan repayment
INR Crore
53.13
53.13
53.13
53.13
53.13
53.13
53.13
53.13
INR Crore
INR Crore
128.03
0.53
126.50
6.44
124.98
12.35
123.46
18.27
121.95
24.20
120.45
30.14
118.96
36.08
117.47
42.03
Payback-Equity
Payback Project
-625.00
-93.75
ssumptions:
es on account of depreciation will be absorbed in the year
ence tax benefit will be available in same year.
9
2024
10
2025
11
2026
12
2027
13
2028
14
2029
15
2030
16
2031
17
2032
18
2033
19
2034
20
2035
21
2036
22
2037
106.25
53.13
53.13
53.13
53.13
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
14.88
7.44
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
###
0.00
123.91
123.91
0.00
122.67
122.67
0.00
121.44
121.44
0.00
120.23
120.23
0.00
119.02
119.02
0.00
117.83
117.83
0.00
116.65
116.65
0.00
115.49
115.49
0.00
114.33
114.33
0.00
113.19
113.19
0.00
112.06
112.06
0.00
110.94
110.94
0.00
109.83
109.83
0.00
108.73
108.73
7.92
0.00
14.88
0.00
0.00
22.79
8.15
0.00
7.44
0.00
0.00
15.59
8.40
0.00
0.00
0.00
0.00
8.40
8.65
0.00
0.00
0.00
0.00
8.65
8.91
0.00
0.00
0.00
0.00
8.91
9.18
0.00
0.00
0.00
0.00
9.18
9.45
0.00
0.00
0.00
0.00
9.45
9.74
0.00
0.00
0.00
0.00
9.74
10.03
0.00
0.00
0.00
0.00
10.03
10.33
0.00
0.00
0.00
0.00
10.33
10.64
0.00
0.00
0.00
0.00
10.64
10.96
0.00
0.00
0.00
0.00
10.96
11.29
0.00
0.00
0.00
0.00
11.29
11.63
0.00
0.00
0.00
0.00
11.63
0.00
101.11
0.00
101.11
0.00
107.07
0.00
107.07
0.00
113.04
0.00
113.04
0.00
111.57
0.00
111.57
0.00
110.11
0.00
110.11
0.00
108.65
0.00
108.65
0.00
107.20
0.00
107.20
0.00
105.75
0.00
105.75
0.00
104.30
0.00
104.30
0.00
102.86
0.00
102.86
0.00
101.42
0.00
101.42
0.00
99.98
0.00
99.98
0.00
98.54
0.00
98.54
0.00
97.10
0.00
97.10
101.11
107.07
113.04
111.57
110.11
108.65
107.20
105.75
104.30
102.86
101.42
99.98
98.54
97.10
53.13
53.13
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
115.99
47.99
114.51
53.95
113.04
113.04
111.57
111.57
110.11
110.11
108.65
108.65
107.20
107.20
105.75
105.75
104.30
104.30
102.86
102.86
101.42
101.42
99.98
99.98
98.54
98.54
97.10
97.10
23
2038
24
2039
25
2040
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
531.25
0.00
0.00
0.00
483.44
###
###
###
###
###
###
0.00
107.64
107.64
0.00
106.57
106.57
0.00
105.50
105.50
11.98
0.00
0.00
0.00
0.00
11.98
12.33
0.00
0.00
0.00
0.00
12.33
12.70
0.00
0.00
0.00
0.00
12.70
0.00
95.67
0.00
95.67
0.00
94.23
0.00
94.23
0.00
92.80
0.00
92.80
95.67
94.23
92.80
0.00
0.00
0.00
95.67
95.67
94.23
94.23
92.80
92.80
###