2009
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Foreign Companies
registered in India,
should also provide
Unique identification
number given by RBI
5* Name of Project Magpie Hydel Construction Operation Industries Private
Proponent ( Company / Limited, Srinagar (Private Entity)
Entity)
6* Name of the Contact Mr. Muddasir Nazir Mir, Executive Director
Person
7* Address 301, Baba Building, Polo View , Residency Road, Srinagar,
Jammu - 190001
8* E- Mail Id magpiehydel@gmail.com
9* Specify if Project is No
being executed by
Private IPP
Central/State/Local
Government
10 Project Large / Small Small scale
* scale
11 Project Sectoral Scope 01 -
*
12 Approved Baseline AMS I.D – Grid connected renewable electricity generation
* Methodology Version: 15, EB 50
13 Whether Project is No
* bundled
14 Name of project The Hydro electric power plant and the CERs generated will be
participants & CER owned by Magpie Hydel Construction Operation Industries
sharing arrangements Private Limited (MHCOIPL), Srinagar.
amongst them.
15 Undertaking that PCN & The Magpie Hydel Construction Operation Industries Private
* PDD submitted to Limited undertakes that the PCN & PDD submitted to UNFCCC
UNFCCC through DoE is through DOE will be identical as submitted to NCDMA. This
identical/ same as undertaking is part of cover letter.
submitted to NCDMA. This undertaking is also a part of the cover letter submitted.
16 Project description Magpie Hydel Construction Operation Industries Private Limited
* (MHCOIPL), Srinagar is established construction group
operating in Jammu & Kashmir, India. The company has
constructed and commissioned first IPP in the state under the
project activity.
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Type = step-up
Winding material (HV/LV) = Cu/Cu
Dielectric liquid = mineral oil
Primary voltage (V) = 6300 V
Vector group = YNd11
The technology of the project activity is environmentally safe
and sound as operates only on renewable hydro power and does
not have any polluted gas/ liquid effluent. There is no technology
transfer involved in the project activity.
18 Transfer of Technology. The project activity does not involve any technology transfer
* from Annex -1 countries.
19 Project start date 30/03/2007
*
20 Project completion date 29/06/2009
21 Project Life time 35 years 0 months
22 Project Land Title in The project land title is in the names of:
* name of project
Magpie Hydel Construction Operation Industries Pvt. Ltd.
proponent.
(MHCOIPL)
23 Whether the project The purpose of the project activity is to generate electricity from
meets the definition of renewable energy (Hydro).
forest mentioned by
This is not an applicable condition.
NCDMA to UNFCCC for
CDM project
24 Status of Resource Consents for land ownership and water use are available from
inputs respective authorities.
25 Status of Project All applicable statutory clearances are available.
* Clearances
26 Biomass surplus The purpose of the proposed project activity is to generate
* availability assessment renewable hydro electric power. Thus, the proposed project
report (certified by activity does not use biomass. Hence, this is not applicable.
credible agency)
27 Credible Monitorable N/A - Since this is a small scale project activity.
* action plan for Large
scale CDM projects
earmarking 2% of
annual CER revenue for
sustainable
development activities.
(To be also included in
the PDD)
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DOE
29 Total cost of the Project 77.02
* In Indian Rs. (cr)
30 Transaction Cost ( INR – 30.0 (estimated)
Lakhs)
31 Whether any ODA is The total project cost is met by the project proponent and in part
flowing to the Project by the debt finance from the banks. Public funding from Annex
I countries and diversion of Official Development Assistance is
not involved in this project.
32 Subsidy element if any There is no subsidy element to any of the project components.
in the project Amount &
source
33 EIRR of Project Activity Not calculated
with CDM benefit
34 EIRR of Project Activity Not calculated
without CDM benefit
35 Financing details of the The total project cost has been met by the PP and in part as loan
Project from a consortium of banks.
36 Financial Closure Details Financial closure of the project activity has been already
executed with Jammu and Kashmir Bank, dated June 2006.
37 Total CDM contribution
sought (INR – Cr) 72.31
38 CDM contribution No forward transaction or upfront funding is received.
expected upfront (INR –
Cr)
39 Cost of CER to the 895
Company (INR)
40 IRR without CER 9.64%
Revenue
41 DSCR without CER Not calculated
Revenue
42 IRR with CER Revenue 14.84%
43 DSCR with CER Revenue Not calculated
44 Indicative CER price 18 Euro/ CER
45 Whether Project The project activity a capital loan from a consortium of
appraised by any nationalized banks.
Financial Institution
46 Crediting period 10 Fixed (10 years 0 months)
* years Or 21 years.
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2020
49 Sustainable Ministry of Environment and Forests (MOEF), Govt. of India
* Development Criteria has stipulated the social well being, economic well being,
environmental well being and technological well being as the
four indicators for sustainable development in the host country
approval eligibility criteria for Clean Development Mechanism
(CDM) projects. The project activity meets all the criteria’s.
A* Social Wellbeing • The project activity, being located in a rural area will
lead to the development of the region
• It will generate employment opportunities during
construction, operation and maintenance of the project
• The project activity is giving 12% free power to the state
that the Government can use for subsidized distribution
to the households
B* Economic wellbeing • The project has created a business opportunity for local
stakeholders such as equipment suppliers, equipment
manufacturers, contractors, consultants (engineering,
human resources etc.).
C* Environmental wellbeing • Since the project uses renewable hydraulic energy for
the power generation, it does not lead to any emissions
in the environment
• The project conserves natural resources, reduces
pressure on the local environment to some extent, and
provides improved health and other environmental
benefits.
D* Technological wellbeing • The project activity is a clean technology demonstration
project, encouraging replication of same kind of project
activity across the region.
50 Local stake holders In order to have a clear vision and keeping up the satisfaction of
* consultation carried out its stakeholders MHCOIPL had organized a common
(Give details) stakeholders meeting on 3rd June 2008 at “Gram Panchayat
Lawn” to get their comments and suggestions on their project
activity.
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51 Specific global & local Local environmental benefits – the project activity is to generate
* environmental benefits renewable hydro electric power. Thus the proposed project
activity replaces the electricity generated from fossil fuels to the
grid.
Global benefits – the project activity will avoid emission of
about 61,802 tCO2/ year.
52 Environment As per the government of India notification dated June 13, 2002
* Management (an amendment to the Environmental Impact Assessment (EIA)
Programme notification of the Ministry of Environment and Forest,
Government of India, Dated 27 January 1994) based on
environment protection rule, 1986, public hearing and EIA is not
required for the project falling under category 2 of the schedule I
if the investment is less than Rs 100 Crores. The investment for
the project activity of MOPCHL is below 100 Crores; hence EIA
is not required by the Host Party.
53 Project risks (Economic, Not identified any major risks.
* Legal, Political, Social &
Environmental)
54 Project promoter The project proponent has no prior/other projects in the CDM.
* credentials (No. of CDM
Projects promoted in the
past & their status)
55 Name of Consultant Pravin Jadhav
*
56 Contact Details of the General Carbon Advisory Services Pvt. Ltd.
* Consultant. 5th Floor, Great Social Building,
60, Sir P.M. Road,
Fort, Mumbai – 400 001. India
Fax: +91-22 22663201
Mobile +9196199 42201
57 Name & Address of Not identified so far.
buyer of CER's (if
contracted)
58 Name of DoE if SIRIM, Malaysia
appointed
59 Any other attachment The PDD is also attached with the application.
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List Of Clearances
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