Basic Inputs

1
2
3
4
5
6
7
8

Name of the Project

Location
Power (kW)
No. of Households
Distance from roadhead km
District Category (karnali or other)
Subsidy as per kW Generation
Transportation Subsidy

Sanigad Micro Hydropower System

Kaphalseri VDC, Bajhang
100
1013
30
karnali
12500000
3000000

9
10
11
12
13

Total Subsidy Available

as per given parameter
Repair and Maintenace Cost (%)
VDC Support (%)
DDC Support (%)
Cash Contribution per household

15500000
3
10
5
2000

14
15
16
17
18
19
20
21

Tariff for domestic Lighting

(Rs./watt/month)
Tariff for commercial use (Rs. per Unit)
Saving of Kerosene / HH/Month (Litre)
Saving of Dry cell / HH/Month (Pair)
Rate of Kerosene per Litre (Rs.)
Rate of Diesel per Litre (Rs.)
Rate of Dry Cell per Litre (Rs.)
Adopted discount rate (i)

2.5
9
3
3
100
120
50
10.00%

Sanigad Micro Hydropower System

Kaphalseri VDC, Bajhang

Project Cost Summary
S. No.
1
2
3
4
5
6
7
8
9
10
11
12

Description
Mechanical works
Electrical works
Civil works
Transportation

Amount
( Rs. )
1,482,856.00
12,832,675.00
6,146,728.74
7,920,507.07

Installation and
commissioning
Tools and Spareparts
Sub - Total
VAT 13%
Contingencies 5 %
Total Project Cost
Cost per kw
Total Subsidy

715,000.00
109,000.00
29,206,766.81
3,796,879.69
1,460,338.34
34,463,985
344,640
15,500,000

Remarks

Sanigad Micro Hydropower System

Kaphalseri VDC, Bajhang
Project Cost & source of funding
Investments :
S.N.

Components

Amount (Rs)

Share (%)

Civil Works

6146729

17.84

Mechanical Works

1482856

4.30

Electrical Works

12832675

37.24

Spare parts & Tools

109000

0.32

Packing and Transportation

7920507

22.98

Installation, Testing and Commissioning

715000

2.07

Sub-Total

29206767

VAT 13% in non local cost

3796880

11.02

5% Contengency

1460338

4.24

Total Project Cost

34463985

100.0

Source of Finance :
S.N.
Source
1 AEPC/REDP Subsidy
2 VDC Support
3 DDC Support
4 Local Labour & Material
5 Community Cash Contribution

Amount (Rs) Share (%)

15,500,000
44.97
3,446,398
10.00
1,723,199
5.00
10,665,879
30.95
2,026,000
5.88

Bank Loan by Community

1,102,508

3.20

Others

0
34463985

0.00
100.00

Total Source of Finance

Remarks

Remarks
karnali belt
10% of total project cost
5% of total project cost
Item 4,5 and 6 should be
collected by community

Sanigad Micro Hydropower System

Kaphalseri VDC, Bajhang
Income and Investment

2
3
4
5

28

12

1
1
4

3
5
2

4
6
8

28
25
25

12
12
12

Total Income
(Rs.)

kwh

Tariff
(Rs)

Hours

No

Agro processing
huller
Agro processing
grinder
Rural Carpentry
Bakery
Computer centre

Total
Energy
ing
Consumpti
Month on (kwh)
with
ng Days
s
pf 0.8
28
12
47040

Capacity
(kW)

Operating Operati Operat

Type of
Business

S.N.

A. Probable Business

9.00

423360

47040

9.00

423360

4032
9000
19200

9.00
9.00
9.00

36288
81000
172800
1136808

Taking Power Factor 0.8 in Industrial load only.

B. Domestic Lighting
Power
S.N. No of Households
1

Wards
(kW)
100

1013

Operating Operati Operat

Total
Tariff
Total
Energy
ing
(Rs) Income
Month Consumpti
on (kW)
Hours ng Days
s
kwh
(Rs.)
6
28
12
2.50
3000000

Total

3000000

Total Industrial Income, A + B = Rs.

Total Domestic Income, C =
Rs.
Total electrial Income per year,

Rs.

1136808

Total Annual Energy Capacity (kWh)

876000

3000000

Total Commercial use of Energy (kWh)

126312

4136808

Percentage Use

14.42%

Is End Use greater than 10%

Yes and Ok

MH Operator I
MH Operator II
MH Manager/Accountant

1
1
1

Repair & Maintenance

LS

Office Expense

LS

4000.00
4000.00
5000.00

12
12
12

500.00

12

Remarks

Month

1
2
2

Monthly
Salary /
Expenses

No

S.N.

Component

D. Annual Administration Cost (Estimated) :

48000
48000
60000
3% of
1033920 Project
Cost
6000

LS

Miscellaneous
Total

Estimation of Saving of Diesel

Savi
No. of
ng / Total Hr/yr
Hr/Day
Units
Hr
1.40
336
4
1.40
336
4
Total Diesel Saving Litre /Year

Total
Saving
(litre/Yr)
5
9408
5
9408
18816

1000.00

12

12000
1207920

Sanigad Micro Hydropower System

Kaphalseri VDC, Bajhang
Financial Analysis
Year,

Y
0

Annnual
ICF,
la = S t
(Rs. x
1000)

% of
Annual
ICF,
I%

Actual
ICF,
Iy = Ia x I %

Annual
% of
OCF,
Annual
Oa
OCF,
(Rs. x
0%
1000)
18963985

Actual
OCF,
Oy = OaxO%

Net Cash
Flow,
Cy = l y - O y

Cumulative
Cashflow,
C = Cy+Cy -1

NPV
Divisor,
Dy=1/
(1+K)y

NPV at
NPV at
NPV at
10%
12 %,
15 %,
N = Cy / Dy N with K at N with K at
10 %
15 %

18963985

-18963985

-18963985

1.00

-18963985

-18963985

-18963985

4136808

100%

4136808

1207920

100%

1207920

2928888

-16035096

1.10

2662626

2615079

2546860

4136808

100%

4136808

1207920

100%

1207920

2928888

-13106208

1.21

2420569

2334892

2214660

4136808

100%

4136808

1207920

100%

1207920

2928888

-10177319

1.33

2200517

2084725

1925792

4136808

100%

4136808

1207920

100%

1207920

2928888

-7248431

1.46

2000470

1861362

1674601

4136808

100%

4136808

1207920

100%

1207920

2928888

-4319543

1.61

1818609

1661930

1456175

4136808

100%

4136808

1207920

100%

1207920

2928888

-1390654

1.77

1653281

1483866

1266239

4136808

100%

4136808

1207920

100%

1207920

2928888

1538234

1.95

1502983

1324880

1101078

4136808

100%

4136808

1207920

100%

1207920

2928888

4467123

2.14

1366348

1182929

957459

4136808

100%

4136808

1207920

100%

1207920

2928888

7396011

2.36

1242135

1056187

832573

10

4136808

100%

4136808

1207920

100%

1207920

2928888

10324900

2.59

1129213

943024

723976

11

4136808

100%

4136808

1207920

100%

1207920

2928888

13253788

2.85

1026558

841985

629545

12

4136808

100%

4136808

1207920

100%

1207920

2928888

16182677

3.14

933234

751773

547430

13

4136808

100%

4136808

1207920

100%

1207920

2928888

19111565

3.45

848395

671226

476026

14

4136808

100%

4136808

1207920

100%

1207920

2928888

22040454

3.80

771268

599309

413936

15

4136808

100%

4136808

1207920

100%

1207920

2928888

24969342

4.18

701153

535097

359944

37082778

24969342

3313374

984278

-1837690

Total
62052120
Actual OCF, Oy = Total Project Cost - Subsidy

= Rs.

18963985

Actual ICF, Ia = Total per year Income from the Scheme

= Rs.

4136808

Annual OCF, Oa = Total Annual Operating Expenses

= Rs.

1207920

Discount Rate

10%

Payback Period

6.47

NPV
IRR

3313374
13.0%

B/C Ratio

1.12

NPV at
NPV at
20 %,
30 %,
N with K at N with K at
20 %
30 %
-18963985

-18963985

2440740

2252991

2033950

1733070

1694959

1333131

1412465

1025485

1177055

788835

980879

606796

817399

466766

681166

359051

567638

276193

473032

212456

394193

163428

328494

125714

273745

96703

228121

74387

190101

57221

-5270047

-9391759

Sanigad Micro Hydropower System

Kaphalseri VDC, Bajhang

Financial Analysis
Total Investment Cost
30,667,105 (TPC-Taxes (13% on electromechanical equipment)
Operation & Maintenance Cost
1033920 (3 % of TPC) with annual increment of 2.5 %
Replacement of Kerosene
3646800
Replacement of Diesel
2257920
Replacement of Dry Cell
151950
Total Benefit from Kerosene, Diesel & Dry Cell
6056670
Year

0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Annual
ICF, Ia

% of
Annual
ICF,I%

0
0
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
6056670
100
Total:
Iy-Oy
NPV Rs.
EIRR %
Payback Period Yrs.
B/C Ratio

Actual ICF, Annual OCF,

Iy=Ia*I%
Oa

0 30667105
6056670
1033920
6056670
1059768
6056670
1086262
6056670
1113418
6056670
1141254
6056670
1169785
6056670
1199030
6056670
1229005
6056670
1259731
6056670
1291224
6056670
1323504
6056670
1356592
6056670
1390507
6056670
1425270
6056670
1460901
90850050 49207274.608

% of
Annual
OCF, O%

100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100

Actual
Cumulative
NPV
NPV,
OCF,
Net Cash Flow,
Cashflow,
Divisor,
N=Cy/Dy
Oy=Oa*O
Cy=Iy-Oy
C=Cy+Cy-1 Dy=(1+K)y K at 12%
%

30667105 -30667105.15 -30667105

1033920
5022750.5 -25644355
1059768
4996902 -20647452
1086262
4970408 -15677044
1113418
4943252 -10733792
1141254
4915416 -5818376
1169785
4886885
-931491
1199030
4857640
3926149
1229005
4827665
8753814
1259731
4796939 13550753
1291224
4765446 18316199
1323504
4733166 23049365
1356592
4700078 27749443
1390507
4666163 32415606
1425270
4631400 37047007
1460901
4595769 41642775
49207275 41642775.392
41642775.392

1.00
1.12
1.25
1.40
1.57
1.76
1.97
2.21
2.48
2.77
3.11
3.48
3.90
4.36
4.89
5.47

-3E+007
4484599
3983500
3537838
3141526
2789139
2475848
2197350
1949813
1729824
1534346
1360672
1206393
1069364
947676.3
839629.8
2580413

NPV at 8 % ,
N with K at
8%

-30667105
4650694.9
4284038.5
3945670.3
3633437.6
3345349.7
3079566.5
2834386.5
2608236.9
2399664.0
2207323.6
2029973.6
1866465.6
1715738.5
1576811.4
1448778.0
10959030.5

NPV at 10%,N
with K at 10%

NPV at
15%,N
with K at
15%

-30667105.1521
4566136.77716
4129671.45971
3734341.30571
3376307.44816
3052086.77886
2758519.14508
2492737.55978
2252141.14934
2034370.58792
1837285.79051
1658945.65764
1497589.68357
1351621.25708
1219592.49958
1100190.49943

-30667105
4367609.1
3778376.2
3268124.1
2826320.2
2443830.6
2112735.2
1826166.9
1578172.1
1363589.6
1177945.4
1017361.9
878478.18
758381.96
654549.62
564794.63

6394432.4474 -2050669
6394432.4

13.58%
6.35
1.16

NPV at
20%,N
with K at
20%

NPV at
30%,N
with K at
30%

-30667105
4185625.4
3470071.2
2876393.7
2383898.4
1975395.6
1636607.9
1355678.3
1122760.5
929679
769646.16
637027.22
527145.02
436117.71
360723.88
298290.54

-30667105
3863654.2
2956747
2262361.5
1730769.8
1323864.5
1012446.3
774144.24
591820.86
452349.45
345676.65
264103.9
201736.66
154062.29
117626.56
89785.847

-7702045

-1E+007

Output of Financial and Economic Analysis

S.N. Particulars
Result
Remarks
1 Tariff for Lighting
2 Tariff for Domestic Use
3 End Use Percentage
Financial Analysis Outputs
1 NPV
2 IRR
3 B/C Ratio
4 Payback Period
Economic Analysis
1 NPV
2 EIRR
3 B/C Ratio
4 Payback Period

2.5
9
14.42%

OK
OK
Ok

3313374
12.96%
1.12
6.47

Ok
Ok
Ok
Ok

6394432.447
13.58%
1.16
6.35

Ok
Ok
Ok
Ok