KHMELNYTSKYI SPP
The purchase of a finished power plant – the construction completed; commissioning expected:
11 MW Khmelnytskyi
Land is leased for 49 years.
Rental payment: EUR 5000-8000 per year.
Selling price: EUR 900,000 (including VAT) per 1 MW.
Total price: EUR 9.9 million.
Financial specifications of SPP:
- A loan of EUR 5,500,000 for 5 years.
- Interest on the loan of EUR 1 375 000 for 5 years.
Annual generation: EUR 1,650,000
Annual loan servicing: EUR 1,100,000 body + EUR 275,000 percent = EUR 1,375,000
Transaction Structure:
The investor pays EUR 4,400,000 to the owners for 100% of the 11 MW power plants and becomes an owner of 100% assets of the power plant.
The remaining EUR 5 500 000 may be repaid for the bank loan or the loan is not repaid, and further loan servicing is going on.
Payback period: 6 years.
DNIPRO SPP
8.4 MW Dnipro
Land is privately owned.
There are two options:
1) Purchase of a finished power plant (will be completed in January-February 2020).
Selling price: EUR 950,000 (including VAT) per 1 MW.
Total price: EUR 7,980,000
Financial specifications of SPP:
- A loan of EUR 4,200,000 for 5 years.
- Interest on the loan: EUR 1,050,000 for 5 years.
Annual generation: EUR 1,500,000
Annual loan servicing: EUR 840,000 body + EUR 210,000 percent = EUR 1,050,000
Transaction Structure:
The investor pays EUR 3,780,000 to the owners for 100% of the 8.4 MW power plants and becomes an owner of 100% assets of the power plant.
The remaining EUR 4,200,000 may be repaid for the bank loan or the loan is not repaid, and further loan servicing is going on.
Payback period: 5.32 years.
2) Entering the project at the construction stage.
Selling price: EUR 850,000 (including VAT) per 1 MW.
Total price: EUR 7,140,000
Time limits:
The completion of the constructions – December 2019.
Green tariff – February 2020.
The current project expenses are:
- Purchase of land plot: EUR 300,000
- Connection: EUR 300,000 per connection.
- Preparatory work on the plot/design/documents: EUR 400,000
- 1 tranche of EPC-company is paid: EUR 1,000,000
Total: EUR 2,000,000
Transaction Structure:
The investor pays EUR 2,000,000 to the owners for 100% of the 8.4 MW power plants and becomes an owner of 100% assets of the power plant.