LVL ENERGY FUND PLC Investing in energy that powers nations LVL - PowerPoint PPT Presentation

LVL ENERGY FUND PLC Investing in energy that powers nations

LVL ENERGY FUND PLC Investing in energy that powers nations

About Us Our Locations LVL Energy Fund Limited was incorporated in June 2006 as a subsidiary of Lanka Ventures PLC with an initial capital of Rs. 300 Mn. The main objective of the Company was to NEPAL invest in the form of equity and quasi equity in projects in the power and energy sector in Sri Lanka and abroad. BANGLADESH Up to June 2016 the Company had several rounds of fund raising which culminated in a total fund base of Rs. 2,636 Mn by 31 st March 2017 prior to launching an IPO to raise further capital of Rs. 1,200 Mn and obtaining a listing for shares at the Colombo Stock Exchange. The Company remains a well-diversified entity with investments in renewable and thermal power projects in Sri Lanka, Bangladesh and Nepal. SRI LANKA LVL ENERGY FUND PLC

Our Projects SOLAR POWER HYDRO POWER WIND POWER THERMAL POWER Run-Of-River Hydro Power Plant Wind power is the use of air flow A thermal power plant is a power Solar power generation systems collect begins at the weir which divert water through wind turbines to provide the station in which heat energy is and concentrate sunlight to produce via a canal or pipeline to bring the mechanical power to turn electric converted to electric power. Usually the useable electricity. The solar panels water to the power station. The water generators. Wind farms consist of the turbine is steam-driven. The steam consist of photovoltaic cells, known as is then fed into a high-pressure many individual wind turbines, which is produced in high pressure in the PV or solar cells, to directly convert penstock (or pipeline) which drives are connected to the electric power steam boiler from burning of fuel in sunlight into usable electricity. These the water under high pressure into transmission network. The energy that boiler furnaces This steam is further panels are made from semiconductor the powerhouse, where it is can be captured by wind turbines is super heated in a super heater. This materials, usually some form of silicon. connected to an installed turbine highly dependent on the local average superheated steam then enters into When photons from sunlight hit the driving the generator. The amount of wind speed. The speed of the wind the turbine and rotates the turbine semiconductor material free electrons power a hydro station can generate is rotates the blades of a rotor, blades which drives an electric are generated which can then flow dependent on the head and flow of producing kinetic energy. The rotor generator. After it passes through the through the material to produce a the water. At the outlet of the then drives the generator that turbine, the steam is condensed in a direct electrical current. The DC current turbines, the water is discharged back converts the mechanical energy into condenser and recycled to where it then needs to be converted to to the river via a tailrace. electricity. was heated. alternating current (AC) using an inverter before it can be directly used or fed into the electrical grid. LVL ENERGY FUND PLC

HYDRO POWER PROJECTS LVL ENERGY FUND PLC

Belihul Oya Nividu (Pvt) Ltd Belihul Oya 2.2 MW 178 m Capacity Location Gross Heads 21.5 km 2 1.5 m 3 /s 2,638 mm per year Catchment Area Design Flow Rainfall Wasserkraft, May April Germany 2002 2022 Equipment Supplier Extended PPA Commissioned Date Expiry LVL ENERGY FUND PLC

Belihul Oya Plant Factor Plant Factor (Quarterly) Plant Factor (Annual) 80% 12,000 60% 70% 53% 70% 52% 52% 51% 10,000 50% 60% 44% 8,000 40% 50% 36% 35% 38% 40% 6,000 30% 10,283 9,988 9,927 9,893 30% 8,406 4,000 20% 18% 6,976 6,695 20% 23% 18% 2,000 10% 3,552 10% - 0% 0% 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Generation (MWh) Plant Factor * Plant generation had been affected due to the drought condition prevailed in the year 2016 and 2017. LVL ENERGY FUND PLC

Belihul Oya Profitability Profitability (Annual) Profitability (Quarterly) 300 20 18 250 249 15 209 200 206 10 185 180 10 167 150 157 160 6 8 125 5 5 116 100 87 2 0 53 73 50 52 41 (2) (3) 19 -5 - 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Revenue (Mn) Profit (Mn) *Net profit is higher than the revenue due to dividend income under other income, from its 100% owned subsidiary Nividu Assupiniella. LVL ENERGY FUND PLC

Assupini Ella Nividu Assupini Ella (Pvt) Ltd Assupini Ella 4.0 MW 210 m Location Capacity Gross Heads 2,134 mm 27 km 2 2.2 m 3 /s per year Catchment Area Rainfall Design Flow VA Tech, November October 2020 Germany 2005 * Extendable for another 20 years Equipment Supplier PPA Expiry Commissioned Date LVL ENERGY FUND PLC

Assupini Ella Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 20,000 60% 70% 18,000 61% 61% 53% 60% 50% 16,000 48% 43% 50% 14,000 41% 41% 40% 40% 12,000 36% 40% 10,000 30% 18,452 30% 16,657 8,000 14,918 14,415 14,249 14,009 20% 12,467 6,000 20% 13% 4,000 16% 10% 10% 4,622 2,000 10% 0% - 0% Q3-Dec 2018 Q4-Mar 2019 Q1- June 2019 Q2-Sep 2019 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Generation (MWh) Plant Factor * Plant had to be shut down on 15th May 2016 due to part of the channel (approximately 30m) been damaged following a flash flood and earth slip. The plant was re-commissioned in September 2016 after repairs. LVL ENERGY FUND PLC

Assupini Ella Profitability Profitability (Annual) Profitability (Quarterly) 100 300 250 80 260 83 258 73 200 224 60 193 60 184 168 150 179 150 47 46 40 144 129 126 100 109 98 27 87 20 23 74 50 10 11 0 0 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1- June 2019 Q2-Sep 2019 Revenue (Mn) Profit (Mn) LVL ENERGY FUND PLC

Kadawala Unit Energy Lanka (Pvt) Ltd 6 MW 132 m Ginigathhena Location Capacity Gross Heads 4,406 mm 26 km 2 5.2 m 3 /s per year Rainfall Catchment Area Design Flow March February Voith Siemens, 2008 2023 Germany PPA Expiry Equipment Supplier Commissioned Date * Extendable for another 20 years LVL ENERGY FUND PLC

Kadawala Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 35% 18,000 35% 33% 16,000 30% 30% 30% 27% 14,000 27% 27% 25% 25% 24% 12,000 22% 20% 20% 10,000 19% 16% 8,000 15,925 15% 15% 14,306 14,015 12,713 6,000 11,635 10% 10% 10,107 11% 8,284 4,000 7% 5% 5% 2,000 3,701 3% - 0% 0% 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 Generation (MWh) Plant Factor LVL ENERGY FUND PLC

Kadawala Profitability Profitability (Quarterly) Profitability (Annual) 80 300 70 250 239 69 60 216 200 203 196 50 167 150 48 40 100 37 36 97 113 105 84 30 95 87 78 50 23 20 46 22 16 11 0 14 10 5 (38) - -50 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Revenue (Mn) Profit (Mn) *On 13th May 2013, the plant went under water due to a flash flood following heavy rains in the area affecting other nearby hydro power plants as well. This incident caused damage to few anchor supports and electrical equipment including control panels. LVL ENERGY FUND PLC

Neluwa Neluwa Cascade Hydro Power (Pvt) Ltd 2.2 MW 6 m Gin Ganga Location Capacity Gross Heads 3,973 mm 304 km 2 40 m 3 /s per year Rainfall Catchment Area Design Flow Gugler Hydro January December Energy, Austria 2008 2023 Equipment Supplier * Extendable for Commissioned Date PPA Expiry another 20 years LVL ENERGY FUND PLC

Neluwa Plant Factor Plant Factor (Annual) Plant Factor (Quarterly) 7,000 40% 45% 40% 39% 40% 35% 6,000 34% 33% 35% 31% 30% 30% 30% 5,000 28% 30% 25% 25% 4,000 27% 22% 25% 20% 6,602 6,264 20% 3,000 5,878 5,874 5,687 5,338 15% 4,910 15% 4,277 16% 2,000 10% 10% 1,000 5% 5% 0% - 0% Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Generation (MWh) Plant Factor LVL ENERGY FUND PLC

Neluwa Profitability Profitability (Annual) Profitability (Quarterly) 100 35 90 93 92 30 80 29 26 70 25 26 70 69 67 64 60 65 21 20 58 50 50 17 15 16 40 42 13 33 30 10 20 9 20 16 16 5 19 10 14 0 0 Q3-Dec 2018 Q4-Mar 2019 Q1-Jun 2019 Q2-Sep 2019 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Revenue (Mn) Profit (Mn) LVL ENERGY FUND PLC

Theberton Sapthakanya Hydro Electric Company (Pvt) Ltd 1.3 MW 90 m Kiriwaneliya Village Location Capacity Gross Heads 4,086 mm 10 km 2 1.950 m 3 /s per year Rainfall Catchment Area Design Flow Fuchun Industry • Development Co, China September October Hongya Power • 2015 2035 Generating Equipment, China Equipment Commissioned PPA Expiry Supplier Date LVL ENERGY FUND PLC