RYANYX CGS CORPORATION CEBU WINDFARM BUSINESS PLAN INITIAL 50MW WINDFARM PROJECT BUSINESS PLAN NON – FIT FINANCIAL SCHEME 70:30 DEBT:EQUITY FINANCING
WIND ENERGY PROJECT DOE Service Contract – Cebu Island 25 yrs contract – 25 yrs renewable Exclusive Rights – total 50 years 24,057 hectares – 10 Municipalites 7yrs Income Tax Holiday 10% Corp Tax After ITH Duty Free Importation Zero % VAT (Value Added Tax) Priority Dispatch NGCP – Bilateral ‐ WESM Accelerated Depreciation Net Operating Loss Carry Over Carbon Credits Tax Exemption Cash Incentive on Missionary Electrification Cash Credit ‐ Domestic Capital Equip. / Services
DOE WIND ENERGY SERVICE CONTRACT
DOE SERVICE CONTRACT SIGNING
RYANYX CGS PREVIOUSLY OWNED 100% RE COMPANY AMIHAN ENERGY CORPORATION Retained 30% Ownership / Malysian Investors 70%
RYANYX CGS PREVIOUSLY OWNED 100% RE COMPANY AMIHAN CORP. (CEBU GOVERNOR ENDORSEMENT) Retained 30% Ownership / Malysian Investors 70%
OSLOB WINDFARM PROPOSED BUSINESS PLAN INITIAL 50MW PROJECT
ENERGY MODEL Annual Ave. Wind Speed = 6.5m/s Wind Turbine Rating = 2MW Wind Plant Capacity = 50MW # of Turbines = 25 Turbines Capacity Factor = 40% Renewable Energy Delivered = 6,923Mwh / Turbine 173,086Mwh for 25 Turbines
EQUIPMENT DATA Turbine Rated Power = 2MW Manufacturer = CNYD Model = YDF ‐ 2000 ‐ 110 Hub Height = 90m Shape Factor = 2.2 Rated Speed = 10m/s Cut ‐ In Speed = 3m/s
OSLOB WIND RESOURCE ANALYSIS
OSLOB WIND RESOURCE ANALYSIS
WIND SITE TURBINES DATA
MICROSITING Brgy. Canang
MICROSITING Brgy. Canukban
MICROSITING Brgy. Manlum
MICROSITING Brgy. Cansaloay
BARANGAY PUBLIC HEARINGS
BARANGAY RESOLUTIONS
BARANGAY RESOLUTIONS
LAND LEASE AGREEMENTS
LAND LEASE AGREEMENTS
COST ANALYSIS INVESTMENT COST = $ 110,497,975.00 Pre ‐ Development = $ 1,220,000.00 (1.1%) Development = $ 1,335,000.00 (1.2%) Equipment = $ 77,750,000.00 (70.4%) Construction = $ 28,290,000.00 (25.6%) Miscellaneous = $ 1,902,975.00 (1.7%) Annual O & M = $ 2,277,551.00
FINANCIAL SUMMARY Debt (Bank) 70% = $77,348,583.00 @ 6% PA payable for 15 years. Equity 30% = $ 33,149,393.00 @ 10% PA 15 years Annual Debt Payments = $ 7,964,024.00 Annual Cost (O&M) = $ 2,277,551.00 Annual Income = $ 24,232,079.00 Annual GHG Income = $ 850,742.00 Energy Rate (Non ‐ FIT) = $ 0.14/ Kwh Inflation = 3% 7 Yrs ITH Declining Balance Depreciation 25 Years Project Life
FINANCIAL SUMMARY Year to Positive Cash flow = 2.3 Years Simple Payback = 4.8 Years Hurdle Rate = 6.8% Pre ‐ Tax IRR = 44.1% After ‐ Tax IRR = 43.7% Discount Rate @ 6.8% NPV = $143,060,259.00 Discount Rate @ 20% NPV = $37,898,746.00
PROPOSED FINANCIAL STRUCTURE Investor to arrange bank loan for 70% @ 6% PA Bank Financing payable in 15 years. Investor’s Capital Investment is 30% @ 10% PA payable in 3 years. After complete payment of Investor’s 30% capital, project shareholdings will take effect. At the 4 th Year Operation: Project Shareholdings = 40% Investor / 60% Project Owner Investor’s 40% Project Acquisition Payment + Owner’s Pre ‐ Development Expenses = $2,000,000.00 Investor / Project Owner Total Profit = $ 357,942,574.00 Investor / Project Owner Average Annual Profit: 1 ‐ 7 Years (ITH & Equity & Debt Payment) = $ 14,550,911.00 8 ‐ 15 Years (After ‐ Tax & Debt Payment) = $ 12,177,194.00 15 ‐ 25 Years (After ‐ Tax Only) = $ 19,181,804.00
RYANYX CGS CORPORATION THE END. THANK YOU!
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