Research Article

Evaluation of Energy Production and Energy Yield Assessment Based on Feasibility, Design, and Execution of 3 × 50 MW Grid-Connected Solar PV Pilot Project in Nooriabad

Table 11

The financial figures.

ItemValue

Total project cost150 million USD
Project construction typeEPC work
Project type of business modelBuild-operate-ownership (BOO) basis
Project lenderLocal banks
Equity shares30% from project owner and 70% from lender (local bank)
Tariff agreed with power purchase agreementUS 14.00 cents/unit
Annual generation per 50 MW74500 MW/year
Project life25 years
IRR—without CRE revenue17.16%
IRR—with CRE revenue17.26%
Payback (term)6-7 years