INVESTMENT

P
I
T
ABIRAL
Hydropower Company Pvt. Ltd.
1. Mathilo Khadam Khola
C Small Hydroelectric Project
(0.990 MW)

2. Mathilo Khadam Khola

H Cascade Project
(0.650 MW)

- Developed By:
Abiral Hydropower Company Pvt. Ltd
D Koshi Pradesh, Morang
+9779851081596
E www.abiralhydro.com.np

C Consulting Partner:
X. Investments Pvt. Ltd
K +9779767571181 (Call/WhatsApp)
 Corporate Information
Name Of Company ABIRAL HYDROPOWER COMPANY PV.T LTD

Mathilo Khadam Khola Small Hydroelectric Project

Name of Projects (990 KW)
Mathilo Khadam Khola Cascade Project
(650KW)
PAN No. 303985930

IRD Registration 5619/Department of Industry/ Tripureshwor,

(Date & Place) Kathmandu - 2075/12/12.

Type of Organization Private Limited Company

Project Site Office Morang District

990 Kw (Dry Test )- 95% Completed
Project Status
650Kw (Under Construction)
Chairman Mr. Rakam Chemjong
 Capital Structure
Abiral Hydropower Company
Name of Company Private Limited

Mathilo Khadam Khola Small Hydroelectric

Project (990 KW)
Name of Projects Mathilo Khadam Khola Cascade Project
(650KW)

Authorized Capital NRs. 10 Crore (Current)

Issued Capital NRs. 10 Crore (Current)

Paid up Capital NRs. 6.19 Crore

Share Lagat Certified NR. 6.19 Crore (1.19 crore for Cascade project)
 Proposed Capital Structure

Amount Amount Amount Debt

Particulars (Crores) (Crores) (Crores) Equity Remarks
990KW 650KW Combined Ratio

Total Cost 23 11.5 34.5 100% Current Project Cost

5 Cr Loan will be paid from

Total Loan 19 0 14 40.58%
equity injection.

Equity 9 11.5 20.5 59.42% Equity after Loan Payment

Current
6.19
Paid up
 S.N. Board of Directors Position

B 1 Mr. Rakam Chemjong Chairman

O 2

3
Mr. Nirmal Dahal

Bijay Kumar Karki

Director

Director

D 4

5
Prem Kumar Bhandari

Shiva Shrestha
Director

Director
(Proposed)
 Planning & Work Flow
Planning for the
Plan for the new
Capital & Fixed Capital Closure
project
Assets Increment

Conversion into
Expected Net worth Public Limited
Appointment of
per shares as on Company within
Underwriter
Ashad end NRS 98 Ashad 2082

Appointment of Apply at SEBON till

Issue manager Shrawan 2082
 Expected Project Under the Company

Mathilo Khadam Khola

Small Hydroelectric Cascade Project Combined
Project (650 kW) Project Capacity
(990 kW) (1.64MW)

Expected PPA
Before Ashad 2082
Expected COD
Average cost Per Mw
Ashad 2082
(95% completed) 21 Crore
Expected COD
Chaitra 2082
(Under Process)

Combined Completion
Cost 23 crore
75%
Cost 11 Crore
 Dividend Payment plan
(After Fulfilling Bank Obligations)

Description
Dividend Payment
(Year of Dividend Remarks
(%)
Payment)

1st to 5th year 10%

6th to 20 Years 20 %

20th and Above 15%

 Project Status
Description Status (990KW) Status (650KW)
Civil Works Completed Under Process

EM Works Completed Contract under process

HM Works Completed Under Process

Forest Land Approval Completed N/A

Land Acquisition Completed Completed

Construction Power Completed Completed

Access Road till PH Completed Completed

Access Road ( PH to Headworks) Completed Completed

Head Office Setup Completed Completed

Testing(Wet) Under Process N/A

Recruitment is in
Operational Staff N/A
process
Financial closure Completed Under Process
 Project – Organizational Structure
Board of Directors (BOD)
Bank

Insurance Contractors
Chairperson

Consultants Project Management

Committee TL

Civil H
Executive Director E M
Detail Design/ Resource M
Supervision CA Persons
Consultants
Project Director

Head Office Site Office Project Stakeholder

(KTM) (Morang) Management s

1. Project
1. Account/Financ Manager (PM)
e officer 1. Public 1. Local
2. Site Engineer
2. Office engineer Relationship Organizatio
Civil
for Officer (PRO) n of
3. Hydro
procurement 2. Admin/Account Morang
Mechanical
support, assistant 2. Local/Distri
Engineer
Contract 3. Reception cum ct Political
4. Electrical
management & Office assistant Parties
Engineer
Bill verification 4. Cook 3. Central/Stat
5. Civil Overseer
3. Office assistant 5. Security Guard e
for HW &
4. Receptionist and Store Governmen
Penstock
5. Driver keeper t offices
6. Civil Overseer
6. Messenger 6. Drivers 4. Others
for PH & TL
 Project & Construction Planning
SN Work Heading Job Done
• By Local Contractor
Access Road • With the support of Local User Group
1
construction • Based on excavator hire on hour basis
and payment model

2 Switchyard
3 Surface structure • By Contractor
4 Civil work construction
• By international Contractor
EM equipment • Privately organized Competitive
5 supply/erection/ Bidding Model
testing/commissioning • Plant and Design Build Contract
• Based on Water to Wire
• By international Supplier
• Privately organized Competitive
6 Spiral Pipe Procurement
Bidding Model
• Based on Bills of Materials
 Project & Construction Planning

SN Work heading Job Done

• By national Contractor
HM Erection, Painting, Testing • Privately Organized
7
Works Competitive Bidding Model
• Based on Bills of Materials

• By Local contractor
TL & Receiving end Equipment
• Privately organized
8 supply/erection/string/
Competitive Bidding Model
testing/commissioning
• Based on Bills of Materials

9 Supervision • By Consultant
 Management Aspect
Conclusion

• Manageable size of the Project

• Highly Experienced Team
• Manageable Risk
• Accessible
• Certainty of Transmission Line
• Favorable Topography and Location
FINANCIAL
 Table of Contents

• Project Cost

FINANCIAL •
•
Basis of Costing
Energy and Revenue
• Project Financing
• Financial Assumptions
• Financial Analysis and Results
• Sensitivity Analysis
• Cash flow Status
• Conclusion
 Total Project Cost
Cost Cost
Particulars Combined
(990KW) (650KW)
Electromechanical Works 4,31,72,561 3,92,00,000 8,23,72,561
Hydromechanical Works 3,08,26,797 3,00,00,000 6,08,26,797
Other Civil Works (VAT)-Civil & Infrastructure 1,75,32,006 3,00,00,000 4,75,32,006

Other Civil Works (VAT)Civil & Infrastructure 1,35,06,500 - 1,35,06,500

Transmission Line - - -
Social Cost - 74,00,000 74,00,000
Project Management & Insurance 2,52,482 34,00,000 76,52,482

Road & Infrastructure - -

-
Others - - -
Total Cost Excluding IDC 10,92,90,346 11,00,00,000 21,92,90,346
Interest During Construction 12,07,09,654 - 12,07,09,654
Total Cost Including IDC 23,00,00,000 11,00,00,000 34,00,00,000
Cost per MW 23,23,23,232 16,92,30,769 20,73,17,073
 Energy Details (990KW+650KW)

No of River Minimum Plant Average Maximum Contract

Net Head
Month Days In Discharge Release Discharge Power Power Energy for Cascade Energy Net Energy
3 (m)
Month (m /sec) (m3/sec) (m3/sec) (KW) (KW) 990 Kw

Baisakh (Apr/May) 31 0.18 0.16 255.50 325.00 2,29,460 1,50,655.56 3,80,116

Jestha (May/Jun) 31 0.32 0.31 252.01 616.00 4,35,052 2,85,640.20 7,20,692

Jestha (May/Jun) 0 0.00 0.00 0.00 0.00 - - -

Ashadh (Jun/Jul) 32 1.77 0.50 244.13 970.00 7,07,647 4,64,616.72 11,72,264

Shrawan (Juy/Aug) 31 2.64 0.50 244.13 970.00 6,85,533 4,50,097.42 11,35,630

Bhadra (Aug/Sep) 31 2.47 0.50 244.13 970.00 6,85,533 4,50,097.42 11,35,630

Ashwin (Sep/Oct) 31 1.54 0.50 244.13 970.00 6,85,533 4,50,097.42 11,35,630

Kartik (Oct/Nov) 30 0.71 0.50 244.13 970.00 6,63,419 4,35,578.13 10,98,997

Mangsir (Nov/ Dec) 29 0.34 0.32 251.51 646.00 4,26,864 2,80,264.24 7,07,128

Mangsir (Nov/ Dec) 0 0.00 0.00 0.00 0.00 - - -

Poush (Dec/Jan) 30 0.23 0.21 254.56 425.00 2,90,755 1,90,899.75 4,81,655

Magh (Jan/Feb) 29 0.17 0.16 255.53 322.00 2,12,906 1,39,786.77 3,52,693

Falgun (Feb/Mar) 30 0.16 0.14 255.77 290.00 1,98,210 1,30,137.88 3,28,348

Chaitra (MarApr) 30 0.15 0.14 255.87 276.00 1,88,783 1,23,948.43 3,12,731

Gross Total 365 54,09,695 3551819.95 89,61,514.95

 Operation Cost (During Operation)
Figures in Figures in Figures in
Particulars crores crores crores
(990KW) (650KW) (Combined)

Operational and
Maintenance Cost 0.23 0.11 0.35
(10%)
Insurance 0.082 0.041 0.123
Total 0.31 0.15 0.46
% of Revenue 9.87% 7.30% 9.33%
% of Cost 1.35% 1.38% 1.36%
Yearly Revenue, In Crore 3.15 2.07 5.22
Total Cost in Crore 23 11.5 34.5
 Financial Analysis – Results Combined (Amount in Crore)
Results Results Results
S.N Particulars Remarks
(990KW) (650KW) (Combined)
1 IRR (Internal rate of return) 12.21% 17.44% 13.94%
2 EIRR / ROE ( Return on Equity) 15.19% 17.44% 15.43%

3 NPV (Net Present Value ) 7.52 9.24 18.13 Amount in ,Crore

4 Cost per kW (1 US$=135) 1720.91 1253.56 1535.68 Amount in $

5 BC Ratio (benefit Cost Ratio) 1.35 1.91 1.53 Ratio
6 Pay back Period –Simple(from COD) 8.04 5.90 7.20 Years
Pay back Period – Discounted
7 13.53 8.29 11.06 Years
(from COD)
8 Cost Sensitivity (Incensement up to ) 48.24% 109.02% 53.71% %
9 Revenue sensitivity (Decrease up to) 28.96% 47.83% 31.23% %
10 DSCR In 12 Years Average 1.20 N/A 2.78 Times
11 Loan Repayment As per sch. As per sch. As per sch.

12 Total Revenue( Gross in First Year) 2.92 1.92 4.83 Amount in ,Crore

Revenue Per MW in NRs ( Gross in

13 2.95 2.95 2.95 Amount in ,Crore
First Year)

14 Total Cost 23.00 11.00 34.00 Amount in ,Crore

15 Cost Per MW in NRS 23.23 16.92 20.73 Amount in ,Crore

 Sensitivity Analysis Revenue Sensitivity(Combined)

OTHER VARIABLE CHANGES

(as per the changes in cost & revenue
Revenue Decreases By: 10.00% 20.00% 30.00% 31.23%
Net present Value(in '000) 123267 65214 7160 0
Internal rate of return 12.28% 10.56% 8.74% 8.51%
Equity IRR 13.16% 10.85% 8.47% 8.17%
B/C ratio(Profitability Index) 1.36 1.19 1.02 1.00

Revenue Per MW Annually (in '000)

26,521 23,574 20,627 20,264

Cost Per MW(in '000) 207317 207317 207317 207317

Simple Pay Back Period (from COD) 8.00 9.00 10.35 10.55
 Sensitivity Analysis Cost Sensitivity (Combined)

Other Variable changes

(as per the changes in cost & revenue)

Cost Increases By: 20.00% 40.00% 50.00% 53.71%

Net present Value(in '000) 113799 46278 12517 0
Internal rate of return 11.44% 9.56% 8.78% 8.51%
Equity IRR 13.06% 11.27% 10.53% 10.27%
B/C ratio(Profitability Index) 1.28 1.10 1.02 1.00

Revenue Per MW Annually (in '000)

29,468 29,468 29,468
29468
Cost Per MW(in '000) 248780 290244 310976 318667
Simple Pay Back Period(from COD) 8.48 9.75 10.38 10.62
Sensitivity Analysis Cost & Revenue Sensitivity
Revenue Decreases By: 5% 10.000% 15.00% 19.75%

Cost Increases By: 5% 10.000% 15.00% 19.75%

Net present Value(in '000) 135413 89506 43599 0

Internal rate of return 12.45% 11.04% 9.72% 8.51%

Equity IRR 13.68% 12.05% 10.52% 9.14%

B/C ratio(Profitability Index) 1.38 1.24 1.11 1.00

Revenue Per MW Annually (in '000)

27,994 26,521 25,047 23,648

Cost Per MW(in '000) 217683 228049 238415 248260

Simple Pay Back Period(from COD) 7.92 8.71 9.61 10.58

Contact & Support:
9851081596 | 9801355600
www.abiralhydro.com.np