Feasibility report

Mohamed Elbendary
130kW

Power plant - Photovoltaic

Prepared for: Prepared by:

Interment Company Tesla Power Egypt

RETScreen Expert - Clean Energy Management Software Draft report - 10/24/2019

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 Executive summary
This report was prepared using the RETScreen Clean Energy Management Software. The key findings
and recommendations of this analysis are presented below:

Target

Electricity exported to GHG emission

grid Electricity export revenue reduction
MWh EGP tCO₂
Proposed case 219 155,499 100

The main results are as follows:

Cash flow - Cumulative

Disclaimer: This report is distributed for informational purposes only and does not necessarily reflect the views of the Government of
Canada nor constitute an endorsement of any commercial product or person. Neither Canada nor its ministers, officers, employees
or agents make any warranty in respect to this report or assumes any liability arising out of this report.

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Location | Climate data
Location

Unit Climate data location Facility location

Name Egypt - Alexandria/Nouzha Egypt

Latitude ˚N 31.2 30.6
Longitude ˚E 30.0 29.8
Climate zone 2B - Hot - Dry 2B - Hot - Dry
Elevation m 7 0

Climate data

Heating design temperature 7.9

Cooling design temperature 31.2
Earth temperature amplitude 13.0

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 Daily solar
Air Relative Atmospheric Earth Heating Cooling
Month temperature humidity
Precipitation radiation -
pressure
Wind speed
temperature degree-days degree-days
horizontal
°C % mm kWh/m²/d kPa m/s °C °C-d °C-d
January 13.8 71.4% 37.78 3.21 101.6 3.9 16.1 130 118
February 13.9 69.1% 27.23 4.14 101.5 4.3 16.2 115 109
March 15.7 67.6% 13.09 5.56 101.3 4.4 17.9 71 177
April 18.7 65.8% 8.57 6.92 101.1 4.4 21.0 0 261
May 21.5 67.4% 3.96 7.79 101.1 4.3 24.3 0 357
June 24.6 69.1% 1.48 8.50 100.9 4.5 27.5 0 438
July 26.4 70.7% 0.03 8.35 100.6 4.7 29.5 0 508
August 27.1 70.7% 0.29 7.72 100.7 4.4 29.9 0 530
September 25.8 67.9% 2.65 6.56 101.0 4.0 28.5 0 474
October 22.9 67.4% 8.44 5.04 101.3 3.7 25.2 0 400
November 19.0 69.5% 16.01 3.64 101.5 3.5 21.3 0 270
December 15.0 71.9% 28.67 2.97 101.6 3.6 17.6 93 155
Annual 20.4 69.1% 148.21 5.87 101.2 4.1 23.0 409 3,797

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Benchmark

Energy production cost - Central-grid - Range (EGP/kWh)

Benchmark: 3.00 EGP/kWh

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Notes

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Power plant
Photovoltaic
130kW

Photovoltaic - 130 kW
Capacity 130 kW
Electricity 219 MWh

Notes

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Target
Summary

Electricity exported to GHG emission

grid Electricity export revenue reduction
MWh EGP tCO₂
Proposed case 219 155,499 100

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GHG emission

GHG emission

GHG equivalence

100.2 tCO₂ is equivalent to 18.3

Cars & light trucks not used

GHG emission

Base case 107.7 tCO₂

Proposed case 7.5 tCO₂

Gross annual GHG emission reduction 100.2 tCO₂

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Financial viability
Financial parameters

General
Inflation rate % 4.7%
Discount rate % 9%
Project life yr 25

Finance
Debt ratio % 70%
Debt EGP 1,183,000
Equity EGP 507,000
Debt interest rate % 5%
Debt term yr 5
Debt payments EGP/yr 273,243

Annual revenue

Electricity export revenue

Electricity exported to grid MWh 219
Electricity export rate EGP/kWh 0.71
Electricity export revenue EGP 155,499
Electricity export escalation rate % 2%

Costs | Savings | Revenue

Initial costs
Initial cost 100% EGP 1,690,000

Total initial costs 100% EGP 1,690,000

Annual costs and debt payments

O&M costs (savings) EGP 75,711
Debt payments - 5 yrs EGP 273,243

Total annual costs EGP 348,954

Annual savings and revenue

Electricity export revenue EGP 155,499

Total annual savings and revenue EGP 155,499

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Financial viability

Pre-tax IRR - equity % -2.8%

Pre-tax IRR - assets % -6.7%

Simple payback yr 21.2

Equity payback yr > project

Net Present Value (NPV) EGP -904,565

Annual life cycle savings EGP/yr -92,090

Benefit-Cost (B-C) ratio -0.78

Debt service coverage 0.28

Energy production cost EGP/kWh 1.273

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Cash flow

Annual

Cumulative

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Yearly cash flows

Year Pre-tax Cumulative

# EGP EGP
0 -507,000 -507,000
1 -193,903 -700,903
2 -194,456 -895,359
3 -195,121 -1,090,481
4 -195,905 -1,286,386
5 -196,815 -1,483,201
6 75,385 -1,407,816
7 74,200 -1,333,616
8 72,864 -1,260,752
9 71,370 -1,189,382
10 69,707 -1,119,675
11 67,865 -1,051,810
12 65,834 -985,975
13 63,604 -922,372
14 61,162 -861,209
15 58,497 -802,713
16 55,596 -747,117
17 52,445 -694,672
18 49,031 -645,641
19 45,339 -600,302
20 41,354 -558,948
21 37,058 -521,890
22 32,437 -489,453
23 27,470 -461,982
24 22,141 -439,841
25 16,429 -423,413

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Risk

Impact

Distribution

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Perform analysis on Net Present Value (NPV)
Number of combinations 500
Random seed No

Parameter Unit Value Range (+/-) Minimum Maximum

Initial costs EGP 1,690,000 25% 1,267,500 2,112,500
O&M EGP 75,711 25% 56,783 94,638
Electricity exported to
MWh 219.01 25% 164.26 273.77
grid
Electricity export rate EGP/MWh 710.00 25% 532.50 887.50
Debt ratio % 70.0% 25% 52.5% 87.5%
Debt interest rate % 5.00% 25% 3.75% 6.25%
Debt term yr 5 25% 4 6

Median EGP -915,211

Level of risk % 10%
Minimum within level of confidence EGP -1,307,196
Maximum within level of confidence EGP -482,403

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Analysis type

Project life

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