Seeking $40M+US (207Cr.INR) 23 MW Tanged Solar Project at Tamilnadu, India

[Rajendrakumar rara k]

A. EXECUTIVE SUMMARY

Tamil Nadu State Solar Energy policy has been announced by Hon’ble Chief Minister of Tamil Nadu on 20.10.12. In the policy it is proposed to establish solar PV power plants for a capacity of 3000 MW within next 3 years. The 3000 MW of solar power generation will be achieved through Utility Scale Projects, Roof tops and REC mechanism.

The Solar Energy Policy mandates 6% Solar Purchase Obligation (SPO) (starting with 3% till December 2013 & 6% from January 2014) for the HT consumers (HT Tariff I to V) and LT commercial consumers. In order to facilitate developers to establish Solar Power Plants of capacity 1 MW and above, TANGEDCO proposes to facilitate the investors by procuring the energy generated from these plants through a long term power purchase agreement up to a total capacity of 1000 MW. The developers will be selected through the competitive bidding process.

In the above backdrop, has decided to set up a 23MW Solar Power Plant through the bidding process. This Brief Project Report brings out all technical details and overall costs justifying the selection of the project. The total power generation is envisaged to be 20 MW from Solar Photovoltaic Cell. The total project cost is expected to be $40M+US (207Cr.INR) and the price accepted by our company in the competitive bidding is Rs.6.48 /kWh. We will shortly receive the Letter of intent from TANGEDCO and further after signing the PPA for Rs.6.48/kwh. We will shortly receive the Letter of intent from TANGEDCO and further after signing the PPA for Rs.6.48/kwh, which will also have an escalation of 5% for every year up to 10 years and there after fixed for the next 10 years, total PPA tenure of 20 years.

01. The Project 23 MW Solar PV Grid Connected Power  Project

02. Location Thoothukudi District

03. Access by Road From NH 45B

04. Access by Rail Thoothukudi Railway station

05. Access by Air Thoothukudi Airport

06. Telecommunications Telecommunication facility available

07. Land It is proposed to develop the project on the land, admeasuring about 110 Acre, which is already demarcated

08. Land Characteristics Barren Land & Non Agricultural Land

09. The Geographical location of the project site Lat – 9 Deg 06 Min 20.65  Log – 78 Deg 08 Min 16.42

10. Irradiation details considered Meteotest (through Meteonorm Data)

11. Type of Module Mounting Structure Single axis tracker based

12. Type of PV Modules Considered for the offer Poly Crystalline

13. Proposed Capacity 23 MW

14. Capacity of each PV Module 300 W peak

15. Invertors Capacity 800 KVA x 25 Nos.

16. Projected Energy Production per year 40 Million units

17. Total Project Cost $40M+US (207Cr.INR)

NO UPFRONT FEE

Rajendrakumar rara k

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[Rajendrakumar rara k]

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[Michael Shaw]

Hard Money Mike 443-838-9563

fishermike50@gmail Since 1971.

Coop with Regal Sustainable Energy.

Please send complete summary.

Thanks.....Michael

[Steve Smart]

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