03 IRR Sheet Version 3

Particulars
Nature of Concern
Location
Capacity
Machines
Total Capacity
Generation per WTG
Loss: Machine Unavilability
Loss: Transmission Loss
Generation after Losses
Add: Losses given by State Board
Basis
KW
No.
KW
Million kWh
%
%
%
%
Total Billable Generation / WTG
Annual Generation from project
Miilon kWh
%
Net PLF
Deration in 6th, 10th, 14th and 18th year
Tarrif Rate
INR/kWh
Rate per MT of CO2
Euro
Exchange Rate
Grid Emission factor
Co2 Emmission Per Year
O & M per WTG
O & M per WTG
Service Tax
O & M including Service Tax
Escalation in O & M Exp.
O & M Free For
INR
tCO2/MWh
MT
INR in Million
INR in Million
Insurance
Cost of WTG
Promoters Contribution
INR in Million
INR in Million
INR in Million
Depreciation as per Companies Act

Depreciation as per Income Tax Act
1st Year
2nd Year
%
Years
%
%
Proposal from Supplier

RERC Tariff order dt.
09.03.2007, Page 14 para 28.
calculated
calculated
Rajasthan Electricity
Regulatory Commission order
September 2006
As per RERC Tariff Order dt.

03.06.2011, page 1
Partners Note
http://www.x-rates.com/cgibin/hlookup.cgi
dated 5th Aug. 2011
CEA data source
calculated
The Finance Bill 2011
Sheet no. 31 under Risk code
70 , Rate code 05 of
http://www.tac.org.in/ziptariffs/a
iftzip.zip
Calculation
Section 205, can be reffered at
http://www.indiankanoon.org/d
oc/1422372/
As per Income Tax Act

Section 143, Income Tax Act
1961
http://taxindia.blogspot.in/2011/06/inco
me-tax-rates-for-ay201213.html
calculated
calculated
3rd year
4th year
Income Tax
Project IRR
Project IRR with Carbon Sale
Cost of Project
Land
WTG Cost
Tubular Tower
Transformer
Civil Works
Electrical Works
Erection and Commissioning Charges
Power Evacuation Facility
Total Cost
Depriciable Cost
Depriciable Cost
Residual Value
Service Tax Note
Erection and Commissioning and Power Evacuation
Rate
Quantity
2.00
60.48
14.00
1.27
4.32
3.58
2.34
4.50
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
5%
@
10.30%
Value
Partnership
Rajasthan
1500
3
4500
3.08
5.00%
3.00%
2.83
4%
2.95
8.8408320
22.43%
Proposal PLF
Parameter
Gross generation
3% losses for
transmission
5% machine
availability
Net generation
Generation
(kWh)
9240000
277200
462000
8500800.00
1.25%
4.22
12
63.34
0.9491
8390
1.70
5.10
0.53
5.63
5.00%
1.0
0.42
280.42
280.42
5.00%
80.00%
16.00%
4% losses added back 340032

as per RERC tariff
order (for calculating
revenues)
Total net generation
8840832
for revenue purpose
Net PLF
22.43%
PLF assessment report

Parameter
Gross generation
3% losses for
transmission
3.20%
0.80%
30.90%
9.03%
11.27%
Basic Cost
6.00
181.44
42.00
3.81
12.97
10.75
7.03
13.50
277.50
Service Tax
0.00 Total Cost (INR in Million)
0.00
6.00
0.00
181.44
0.00
42.00
0.47
3.81
0.33
13.44
0.72
11.08
1.39
7.75
2.92
14.89
280.42
274.42
260.70
19.72
Reference
Calculated
As per Companies Act
Page 19, RERC order
essment report
Generation (kWh)
2674000
8022000
20.35%
S.N.
1
1.1
1.2
1.4
2
3
4
5
6
6.1
6.2
6.3
6.4
6.5
6.6
6.7
7
S.N.
1
1.1
1.2
1.3
1.4
1.5
1.7
1.8
Profit and loss

Operation Period in Months
INCOME
Saleable units Million KWh
Sale rate INR/kWh
Electricity Sale
O & M Expenses
Insurance Charges
PBDT
Depreciation
PBT
Add Book depreciation
Less IT depreciation
Total:
Eligibility for 80 IA
Less : Deduction U/S 80 IA
Net Taxable Income
Income tax
Profit after tax (PAT)
Calculation of Project IRR

Particulars
Project IRR
Profit after Tax
Income Tax Benefits
Residule Value
Depriciation
Total inflow (A)
8.84
4.22
37.31
0.42
36.89
13.03
23.85
36.89
219.54
(182.65)
(182.65)
(182.65)
23.85
(280.42)
IRR
23.9
56.4
13.0
93.3
93.33
9.03%
2
8.84
4.22
37.31
5.63
0.42
31.26
13.03
18.23
31.26
43.91
(12.64)
(195.29)
(12.64)
18.23
2
18.2
3.9
13.0
35.2
35.17
8.84
4.22
37.31
5.91
0.42
30.98
13.03
17.95
30.98
8.78
22.20
(173.09)
22.20
6.86
11.09
8.84
4.22
37.31
6.20
0.42
30.69
13.03
17.65
30.69
2.20
28.49
(144.60)
28.49
8.80
8.85
8.84
4.22
37.31
6.51
0.42
30.38
13.03
17.34
30.38
30.38
(114.23)
30.38
9.39
7.95
11.1
8.8
8.0
13.0
24.1
24.12
13.0
21.9
21.88
13.0
21.0
20.99
8.73
4.22
36.84
6.84
0.42
29.58
13.03
16.55
29.58
29.58
(84.64)
29.58
9.14
7.41
8.73
4.22
36.84
7.18
0.42
29.24
13.03
16.21
29.24
29.24
(55.40)
29.24
9.04
7.17
8.73
4.22
36.84
7.54
0.42
28.88
13.03
15.85
28.88
28.88
(26.52)
28.88
8.92
6.92
10
11
12
8.73
4.22
36.84
7.92
0.42
28.51
13.03
15.47
28.51
28.51
1.99
1.99
26.52
8.19
7.28
8.62
4.22
36.38
8.31
0.42
27.65
13.03
14.61
27.65
27.65
29.64
27.65
14.61
8.62
4.22
36.38
8.73
0.42
27.23
13.03
14.20
27.23
27.23
56.87
27.23
14.20
8.62
4.22
36.38
9.16
0.42
26.80
13.03
13.76
26.80
26.80
83.67
26.80
13.76
10
11
12
13
8.62
4.22
36.38
9.62
0.42
26.34
13.03
13.30
26.34
26.34
110.01
26.34
13.30
13
14
8.51
4.22
35.93
10.10
0.42
25.40
13.03
12.37
25.40
25.40
135.41
25.40
12.37
14
7.4
7.2
6.9
7.3
14.6
14.2
13.8
13.3
12.4
13.0
20.4
20.44
13.0
20.2
20.21
13.0
20.0
19.96
13.0
20.3
20.31
13.0
27.6
27.65
13.0
27.2
27.23
13.0
26.8
26.80
13.0
26.3
26.34
13.0
25.4
25.40
15
8.51
4.22
35.93
10.61
0.42
24.90
13.03
11.86
24.90
24.90
160.31
24.90
11.86
15
16
17
8.51
4.22
35.93
11.14
0.42
24.37
13.03
11.33
24.37
24.37
184.68
24.37
7.53
3.80
16
18
8.51
4.22
35.93
11.69
0.42
23.81
13.03
10.78
23.81
23.81
208.49
23.81
7.36
3.42
17
19
8.41
4.22
35.48
12.28
0.42
22.78
13.03
9.74
22.78
22.78
231.27
22.78
7.04
2.70
18
20
8.41
4.22
35.48
12.89
0.42
22.16
13.03
9.13
22.16
22.16
253.43
22.16
6.85
2.28
19
8.41
4.22
35.48
13.54
0.42
21.52
13.03
8.48
21.52
21.52
274.95
21.52
6.65
1.83
20
11.9
3.8
3.4
2.7
2.3
1.8
13.0
24.9
24.90
13.0
16.8
16.84
13.0
16.5
16.45
13.0
15.7
15.74
13.0
15.3
15.32
19.7
13.0
34.6
34.59
S.N.
1
1.1
1.2
1.3
1.4
2
3
4
5
6
6.1
6.2
6.3
6.4
6.5
6.6
6.7
7
Profit and loss

Operation Period in Months
INCOME
Saleable units Million KWh
Sale rate INR/kWh
CDM Benefits
Electricity Sale
O & M Expenses
Insurance Charges
PBDT
Depreciation
PBT
Add Book depreciation
Less IT depreciation
Total:
Eligibility for 80 IA
Less : Deduction U/S 80 IA
Net Taxable Income
Income tax
Profit after tax (PAT)
Calculation of Project IRR

Particulars
Project IRR
Profit after Tax
Income Tax Benefits
Residule Value
Depriciation
Total inflow (A)
S.N.
1
1.1
1.2
1.3
1.4
1.5
1.6
1.7 IRR
1
8.84
4.22
37.31
0.42
36.89
13.03
23.85
36.89
219.54
(182.65)
(182.65)
(182.65)
23.85
(280.42)
23.9
56.4
13.0
93.3
93.33
11.27%
8.84
4.22
6.38
43.69
5.63
0.42
37.64
13.03
24.60
37.64
43.91
(6.27)
(188.92)
(6.27)
24.60
8.84
4.22
6.38
43.69
5.91
0.42
37.36
13.03
24.32
37.36
8.78
28.58
(160.34)
28.58
8.83
15.49
8.84
4.22
6.38
43.69
6.20
0.42
37.06
13.03
24.03
37.06
2.20
34.87
(125.47)
34.87
10.77
13.25
8.84
4.22
6.38
43.69
6.51
0.42
36.75
13.03
23.72
36.75
36.75
(88.72)
36.75
11.36
12.36
24.6
1.9
15.5
13.3
12.4
13.0
39.6
39.58
13.0
28.5
28.53
13.0
26.3
26.29
13.0
25.4
25.40
8.73
4.22
6.38
43.22
6.84
0.42
35.96
13.03
22.93
35.96
35.96
(52.76)
35.96
11.11
11.81
8.73
4.22
6.38
43.22
7.18
0.42
35.62
13.03
22.58
35.62
35.62
(17.14)
35.62
11.01
11.58
10
8.73
4.22
6.38
43.22
7.54
0.42
35.26
13.03
22.22
35.26
35.26
18.12
18.12
17.14
5.30
16.93
8.73
4.22
6.38
43.22
7.92
0.42
34.88
13.03
21.85
34.88
34.88
53.00
34.88
21.85
8.62
4.22
6.38
42.76
8.31
0.42
34.03
13.03
20.99
34.03
34.03
87.03
34.03
20.99
10
11
8.62
4.22
6.38
42.76
8.73
0.42
33.61
13.03
20.58
33.61
33.61
120.64
33.61
20.58
11
12
13
14
8.62
4.22
8.62
4.22
8.51
4.22
36.38
9.16
0.42
26.80
13.03
13.76
26.80
26.80
147.44
26.80
13.76
36.38
9.62
0.42
26.34
13.03
13.30
26.34
26.34
173.78
26.34
13.30
35.93
10.10
0.42
25.40
13.03
12.37
25.40
25.40
199.18
25.40
12.37
12
13
14
11.8
11.6
16.9
21.8
21.0
20.6
13.8
13.3
12.4
13.0
24.8
24.85
13.0
24.6
24.61
13.0
30.0
29.96
13.0
34.9
34.88
13.0
34.0
34.03
13.0
33.6
33.61
13.0
26.8
26.80
13.0
26.3
26.34
13.0
25.4
25.40
15
16
17
18
19
20
8.51
4.22
8.51
4.22
8.51
4.22
8.41
4.22
8.41
4.22
8.41
4.22
35.93
10.61
0.42
24.90
13.03
11.86
24.90
24.90
224.08
24.90
11.86
35.93
11.14
0.42
24.37
13.03
11.33
24.37
24.37
248.45
24.37
7.53
3.80
35.93
11.69
0.42
23.81
13.03
10.78
23.81
23.81
272.26
23.81
7.36
3.42
35.48
12.28
0.42
22.78
13.03
9.74
22.78
22.78
295.04
22.78
7.04
2.70
35.48
12.89
0.42
22.16
13.03
9.13
22.16
22.16
317.20
22.16
6.85
2.28
35.48
13.54
0.42
21.52
13.03
8.48
21.52
21.52
338.72
21.52
6.65
1.83
15
16
17
18
19
20
11.9
3.8
3.4
2.7
2.3
1.8
13.0
24.9
24.90
13.0
16.8
16.84
13.0
16.5
16.45
13.0
15.7
15.74
13.0
15.3
15.32
19.7
13.0
34.6
34.59
Sensitivity Analysis on Project IRR

If PLF/ Generation varied by
100% 90.00%
9.03% 7.01%
Variation
Project IRR
If cost of Project Varied by
100% 90.00%
9.03% 10.74%
Variation
Project IRR
If O & M Cost varied by
100% 90.00%
9.03% 9.41%
Variation
Project IRR
If Tariff varied by
Variation
Project IRR
100% 90.00%
9.03% 7.01%
100.00% 110.00%
9.03%
10.92%
100.00% 110.00%
9.03%
7.58%
100.00% 110.00%
9.03%
8.65%
100.00% 110.00%
9.03%
10.92%

03 IRR Sheet Version 3

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03 IRR Sheet Version 3

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Particulars

Total Billable Generation / WTG

Annual Generation from project

Deration in 6th, 10th, 14th and 18th year

Rate per MT of CO2

Depreciation as per Companies Act

Proposal from Supplier

As per RERC Tariff Order dt.

As per Income Tax Act

4% losses added back 340032

PLF assessment report

Profit and loss

Calculation of Project IRR

Profit and loss

Calculation of Project IRR

Sensitivity Analysis on Project IRR

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