Essay Informative Example How To Write A Personal Statement Letter For College Cover Letter I Am Writing In Response Essay Block Quotes Creative Writing Kids Worksheets Using Quotes In An Essay Powerpoint Write Your Research Paper Fast Average Wage For A Paperboy Case Study Business Strategy Pdf Critical Thinking In Nursing Interview Questions Kodak Case Study Digital Cameras Literature Review Map Help With Writing English Essays 1500 Words Essay On Noise Pollution Essay On Unity Is Strength In Marathi Descriptive Essay About A Place Examples Essay Concerning Human Understanding Happiness Definition Essay Help Critical Thinking Math Second Grade Master Thesis Proposal In Computer Science Essay Ipad Review Best Way To Organize A Research Paper How To Write A Research Report On A Country Essay Services Reviews Creative Essay Title Generator Essay Plagiarism Checker Turnitin Cover Letter For Cv Dentist Cover Letter General Address Annotated Bibliography To Buy Job Application Letter As A Secretary Creative Writers Software Download Essay Best Holiday Ever Had How To Do Notecards For Term Paper Writing Academic English Oshima Answer Key Essay About Friendship With Author Cover Letter Template Software Engineer 5th Grade Research Paper Instructions Case Study Questions And Answers In Business Studies Creative Writing Graduate Programs In Nj Contoh Cover Letterdoc Header On Personal Statement Law School How To Write An Essay Outline Pdf Research Papers Topics In Computer Science How To Sell Yourself In A Cover Letter With No Experience 1984 George Orwell Language Synopsis The Help By Kathryn Stockett Essay Help In Melbourne Case Study 1 Page Job Application Letter Word Template Cover Letter Template Word Scholarship Sample Of Argumentative Essay Outline Descriptive Essay Thesis Statement Generator Essays About Leadership Skills Sample Annotated Bibliography Mla 2011 How To Write Five Paragraph Essay Examples Application Letter For Sales Representative Job Creative Writing Ideas Trapped Custom Papers For Sale Need Help Writing Best Man Speech Personal Statement Example Computer Science Literature Review On Theoretical Framework How To Find A Ghostwriter Critical Thinking Quiz 2 Application Letter For Technician Position Persuasive Essay Topics Elementary Students Cheapest Resume Writing Service In India Essay On Man Part 1 Summary Science Fair Research Paper 6th Grade German Visa Application Letter Critical Thinking Level F Creative Writing Los Angeles Heading For Cover Letter Example Critical Thinking Nurse Pdf Argumentative Essay Format Easybib App For Ipad Sample Of Term Paper Apa Format Kite Runner Character Analysis Rahim Khan Essay On King Lear Character Essay On Cpa Exam Case Study Related To Marketing Gridworld Case Study Narrative Write An Essay On Helping Others Online Essay Writing Competition 2011 Case Study House Bailey Essay Examples About Life Thesis Research Proposal Outline Critical Thinking For Children Books Creative Writing Contest Tst Boces Virtual Learning Case Study Conventions Of Academic Writing Essay Essay Questions Scarlet Letter Jcpenney Case Study Cover Letter For Internship Fashion Coursework Mathematics T Sem 3 Poverty Reduction Essay 500 Words Pros And Cons For Case Study Higher History Extended Essay Topics Uc Application Essay Prompt 1 Sample Essay Uc Prompt 1 Pepsi Refresh Case Study Youtube

Subscribe

Wind Power Model – avail of 50% discount now

August 5th, 2011 Posted in renewable energy

Wind Power Model- avail of 50% discount now

As promised in my previous blog, I will now deal with the cost of renewable energy technologies (feed-in-tariff). I will be making a special offer for the purchase of the following RE technologies:

1) Biomass Power Model (Direct Combustion, Cogeneration, Gasification of MSW)

2) Mini-Hydro Power Model

3) Ocean Thermal Energy Conversion (OTEC) Model

4) Solar PV Power Model

5) Wind Power Model

6) Renewable Energy Resource Assessment Model (Wind, Solar PV, Mini-Hydro) – Converts wind speed measurement, solar radiation and rainfall data into hourly power output, annual power generation and annual capacity factor)

The Wind Power Model is a project finance model for calculating the feed-in-tariff to be paid to all biomass energy developers and generators. It will be paid by the TRANSCO operator now NGCP (National Grid Corporation of the Philippines) who in turn collects the entire amount from all end-users and private generators of electricity in the country.

The Renewable Charge (RC) is like the Universal Levy that is calculated by dividing the total renewable energy payment to developers and generators by the total electricity sales in the country, thus spreading the burden uniformly thru all citizens, including all tax payers and non-tax payers and foreigners who are using electricity in the country.

Because of its universal application, the burden is small and equally shared by all citizens and foreigners alike, making a modest contribution to promoting renewable energy use, sustainable development by using inexhaustible renewable energy to conserve and prolong the lifetimes of fossil fuels (oil, coal, natural gas, LNG).

My biomass power model for feed-in-tariff (FiT) calculation has input and assumptions and result summary sheet that is easy to understand. It also has other worksheets for construction period and operating period calculations of capital cost, generation, revenues and operating costs. Standard financial reports are then prepared for income statement, balance sheet, cash flow statement and calculation of equity IRR and project IRR.

The special price of the Wind Power FIT Model is US$1,200 with sample data and simple instructions.

To purchase, you may send payment thru PayPal by clicking the DONATE button in this blog found at the lower right hand side, or confirm your order via email and I will email back to you my bank account where you can remit payment via bank/wire transfer.

The control panel of the model is shown below:

———– Special price at 50% discount = US$600

 

 

Project Site Name & Location

Sagada

Renewable Energy Source

Wind

Hours per Year

8760

   
Timing  
  Construction Period (from FC) (months)

12

  Operating Period (Yrs from COD)

20

  Yrs from base year CPI & Forex (2009) for FIT

3

  Yrs from base year CPI (2011) for CAPEX

1

  Yrs from base year CPI (2011) for OPEX

2

   
Construction Sources and Uses of Funds, $000  
  Uses of Fund:  
    EPC (Equipment, Balance of Plant, Transport, Access Roads)

$57,844

    Transmission Line Interconnection Facility

$2,186

    Sub-Station Facility

$3,640

    Development & Other Costs

$1,955

    Construction Contingency

$4,964

    Value Added Tax

$5,675

    Financing Costs

$3,891

    Initial Working Capital

$587

  Total Uses of Fund

$80,742

   
  Sources of Fund:  
    Debt

$56,519

    Equity

$24,223

  Total Sources of Fund

$80,742

   
  Construction Unit Costs (US$/kW):  
    EPC Cost

$1,928

    Plant Cost (Excluding VAT, Financing, Working Capital)

$2,353

    All-in Project Cost

$2,691

   
   
Model Check:  
Balance Sheet

OK

Foreign Debt Amorization

OK

Local Debt Amortization

OK

Depreciation

OK

Sources and Uses of Funds

OK

Debt-to-Equity Ratio

OK

   
Base Years  
  Base year CPI & Forex for FiT

2009

  Base year CPI for CAPEX

2011

  Base year CPI for OPEX

2011

   
Commercial Operating Date

2012

   

 

 

 

 

Technical and EPC Assumptions    
Unit Capacity of Plant (MW/unit)

2.000

 
No. of Units (unit)

15.0

 
Gross Installed Capacity (MW)

30.00

 
     
Plant Availability Factor, %

27.10%

 
Guaranteed Efficiency Factor, %

95.00%

 
Allowance for losses & own use, %

3.00%

 
Net Capacity Factor after losses & own use, %

24.97%

 
Net Electrical Output (MWh in 1st Year)

65,628

 
Plant Degration, % p.a. (1-20 Yrs)

0.20%

 
   

% LC

Equipment Cost ex BOP, Transport ($000/MW)

$1,335.00

0.0%

Insurance, Ocean Freight, Local Transport

10.0%

100.0%

Balance of Plant (BOP), % of Equipment Cost

31.0%

66.0%

Transmission Line Distance (km)

25.00

 
T/L Cost per km, 69 kV ($000/km)

$84.09

100.0%

Switchyard & Transformers ($000)

$3,500.00

100.0%

Access Roads ($000/km)

$50.00

100.0%

Distance of Access Road (km)

15.00

 
Dev’t & Other Costs (land, permits, etc) (% of EPC)

2.0%

100.0%

VAT on importation (70% recoverable)

12%

100.0%

Initial Working Capital (% of EPC)

1.00%

100.0%

Contingency (% of Total Cost)

7.5%

75.0%

     
Operating Assumptions  

Equitty IRR

  Feed-in-Tariff (PhP/kWh)

11.36

21.3%

  Duration of FiT (Yrs)

20

Project IRR

  Tariff post FiT period (PhP/kWh)

7.00

16.5%

  FiT using Asset Base Methodology (PhP/kWh)

11.38

 
  Annual CER Volume (tCO2e/year) and $/tCO2e                -  

$5.00

     
  O&M Cost ($000/unit/year)

$100.00

 
  Spare Parts, Tools & Equipment ($000/MW/yr)

$25.00

 
  O&M + Spares as % of EPC, T/L, S/S

3.52%

 
  Refurbishment Cost (% of EPC)

0%

 
  Timing of Refurbishment (Year from COD)

0

 
  G&A ($000/year)

$600

 
  Fuel Cost (switch for Biomass: 1=yes, 0=no)

0

 
    Average Fuel Cost (PhP/mt)                -    
    Fuel Rate (kWh/mt)                -    
    Average Fuel Consumption (mt/year)                  -  
    Average Unit Cost of Fuel (PhP/kWh)               -     
     
  Days Receivable & Payable

30

30

  VAT Recovery

70%

 
  Timing of VAT recovery (Yrs after COD)

5

 
     

 

 

 

Debt and Equity Assumptions  
Local/Foreign Capital Mix:  
  Local Capital

39.2%

  Foreign Capital

60.8%

   
Debt:  
  Local & Foreign Upfront & Financing Fees

2.00%

  Local & Foreign Commitment Fees

0.50%

  Local All-in Interest Rate excluding tax

10.00%

  Local Debt Payment Period (from end of GP) (Yrs)

10

  Foreign All-in Interest Rate excluding tax

8.00%

  Foreign Debt Payment Period (from end of GP) (Yrs)

10

  Local and Foreign Grace Period from COD (months)

6

  Local and Foreign debt Service Reserve (months)

6

  Debt Ratio

70%

  Total Local Debt ($000) – 30%

$7,417

  Total Foreign Debt ($000) – 70%

$49,102

    Total Debt Amount ($000)

$56,519

   
Equity:  
  Equity Ratio

30%

  Equit Investment

$24,223

  Cost of Equity (Onshore Equity IRR) – Nominal

21.3%

  Cost of Equity (Onshore Equity IRR) – Real

16.6%

   
WACC pre-tax

12.9%

WACC after-tax

11.6%

   
Tax Assumptions  
  Income Tax Holiday (Yrs)

7

  Income Tax Rate % (after ITH)

10%

  Property tax (from COD)

1.5%

  Property tax valuation rate (% of NBV)

80%

  Local Business Tax

1.0%

  Government Share (from COD)

0.0%

  ER 1-94 Contribution (PhP/kWh)

0.01

  Withholding Tax on Interest (Foreign Currency) – WHT

10%

  Gross Receipts Tax on Interest (Local Currency) – GRT

5%

   
Economic Assumptions  
  Base Foreign Exchange Rate (PhP/US$) – 2009

47.8125

  Forward Fixed Exchange Rate (2011)

44.0000

  Base Local CPI – 2009

160.00

  Annual Local CPI

4.0%

  Annual US CPI

2.0%

  Annual Peso Depreciation Rate

2.0%

   
   

One Response to “Wind Power Model – avail of 50% discount now”

  1. Gregory Says:

    Wonderful blog! I found it while searching on Yahoo News.
    Do you have any suggestions on how to get listed
    in Yahoo News? I’ve been trying for a while but I never seem
    to get there! Cheers



Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>