elgine upper prasentation copy
TRANSCRIPT
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Hydropower Projects In Progress
Elgin MHP&
Upper Waltrim MHP
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Content
1.Site Locations /Approvals
2.Energy Macro Outlook
3.Financial Proposal
4.Technical Proposal
5.Plan/Going Forward 2
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October 22, 2014 Presentation -1
WEIR AND INTAKE
FOREBAY AND DESILT TANK
SPILWAY
PENSTOCK (1,650 m)
POWER HOUSE
CANAL (1,400 m)
Elgin Layout Project Location Contd..
3
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Upper Waltrim LayoutProject Location Contd..
(1,100m)(475m)
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Approvals -Project Location Contd..
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Approvals Elgin MHP Upper Waltrim MHP
Electricity Generation License from Public Utilities Commission of Sri Lanka Applied Applied
Development Permit from Pradeshiya Sabha – Nuwara Eliya Applied Applied
Approval from Urban Development Authority Applied Applied
Standard Power Purchase Agreement with Ceylon Electricity Board Obtained Obtained
Sublease of Property – Golden Shareholder Obtained Obtained
No Objection letter from Public Utility Commission of Sri Lanka Obtained Obtained
Energy Permit from the Sustainable Energy Authority Obtained Obtained
Approval from Central Environmental Authority Obtained Obtained
Provisional Approval from Sustainable Energy Authority Obtained Obtained
LOI from Ceylon Electricity Board Obtained Obtained
Approval from Divisional Secretariat, Nuwara Eliya Obtained Obtained
Approval from Mahaweli Authority Obtained Obtained
Letter of Approval from National Water Supply & Drainage Board, Obtained Obtained
Letter of Clearance from Department of Agrarian Development Obtained Obtained
Approval from Pradeshiya Sabha, Nuwara Eliya Obtained Obtained
Letter of Clearance from the Department of Irrigation Obtained Obtained
Approval from Forest Department Obtained Not required to be obtained
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Set out plan
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Set out plan
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Electro -Mechanical Equipments
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Electro -Mechanical Equipments
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GRP Pipes
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2.Energy Macro Outlook
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Financial Feasibility Contd..
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Description Unit Elgin Upper Waltrim
Preliminary Expenses, Engineering and Construction Supervision Rs.Mn 21 25
Civil Construction Work Rs.Mn 173 250
Penstock Supply and Installation Rs.Mn 86 95
Cost of E&M Equipment Rs.Mn 170 240
Transmission Facilities including Metering arrangement Rs.Mn 25 35
Contingencies Rs.Mn 23 11
Total Project Cost Without IDC Rs.Mn 498 656
Funding - External Loan – 60% Rs.Mn 299 394
- Equity – 40% Rs.Mn 199 262
Description Unit Elgin Upper Waltrim
Plant Design Capacity MW 2.4 2.6
Plant Factor % 34% 41%
Annual Energy Generation GWh 7.3 9.4
Power Purchase Price Rs. 16.70 16.70
Annual Generation Income Rs.Mn 122 157
Project cost /MW [Rs/MW] Rs. Mn 207.5 252.3
O&M Cost/[Rs/year] Rs.Mn 17.6 17.6
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5. Plan /Going Forward
• Completion of approval process for construction and price confirmations.
• Cannel Pathway Clearance and excavation. • Audit of Financial and Technical details. • Tariff rates and Tax regime finalization.• Formal approval from the Board of directors.• Investments and organization structure. • Calling of tenders and other administrative arrangements.• Formal opening of project activities.• Project completion 6 to 8 months.
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Plan /Going Forward Contd….Name and Tile
Project Engineer – Mr.H.M.Ranasinghe • B.Sc.Engineering (Civil) – University of Peradeniya
• M.Sc.Eng-Environmental and Water Engineering- University of Peradeniya
Electrical Consultant -Mr.Asanka Perera • B.Sc.Engineering (Hons) Electrical – University of Sri Lanka
• Post Graduate Diploma in Industrial Engineering • Chartered Engineer • Member of IESL
Mechanical Consultant –Mr.Nimal Kanattawatta
• B.Sc.Engineering(Mechanical) –University of Katubedda
• Chartered Engineer /Member of IESL
Electro Mechanical & Civil -Dr.Kamal Laksiri • B.Sc.(Civil Engineering) –University of Moratuwa • MSc.Norwegian University of Science &
Technology – Norway • PHD- Saga University –Japan
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Plan /Going Forward Contd….
Project cost Elgin MHP : Rs. 498 million
Upper Waltrim : Rs. 656 millionTotal : Rs. 1,154 million
Distribution Proposed 40% Equity : Rs. 462 million60% Debt : Rs. 692 millionTotal : Rs. 1,154 million
Confirmation of Equity Partners
–Sunshine Holdings PLC (61%). –Mr.M.M.Udeshi (39%) has agreed to invest in the project along with Sunshine Holdings PLC once all approvals are cleared.
–Debt component – DFCC has submitted a proposal. Terms – 50% of the project cost to be at 8% (special loan). The balance to be at AWPLR + 2%.
–Negotiations are being continued with other banks.
Issues –Previous years tariff rate is pending. It is expected that this will be finalized in the next 2-3 weeks. The rate offered needs to be assessed. –Technical matters.
Corporate Governance
–Transparency & Good Governance procedure to be maintained. –Disclosure to CSE at the time of confirmation.
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Thank you.
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