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Kamen- dent d.o.o. Mostar Bosnia and Herzegovina. Wind farm project “Pakline – Ljubusa – Kupres”. Sarajevo, 15 March 2011 . Location : Bosnia and Herzegovina Tomislavgrad and Kupres municipality. WF Kupres2. WF Kupres1. WF Pakline. WF Ljubusa. Basic site information :.
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Kamen-dent d.o.o. MostarBosniaandHerzegovina Windfarm project “Pakline – Ljubusa – Kupres” • Sarajevo, 15 March 2011.
Location:BosniaandHerzegovinaTomislavgrad and Kupres municipality WF Kupres2 WF Kupres1 WF Pakline WF Ljubusa
Basic site information: • altitude 1100-1300m • good terrain configuration • main road and 110 kV line crossing the location • WF Pakline - central most windy part, 20km2 • WF Ljubusa - south part, 14km2 • WF Kupres- north part, two separate areas, 25km2 Windmeasurement: • two 50m masts, one-year measurement during 2007. • average wind speed 7m/s (50m) • three new 60m mastsinstalledat January 2011 (according to IEC 61400-12-1 standard, withprofessional calibratedequipment)
Preliminarydesignand energy yield: • Wind turbine class: (2)-3MW • Total power planned: 350MW • For 1st phase: 102MW • Capacityfactorwithoutlosses (average): 32% • Moderateturbulence (WT class IIA) Status ofapprovals: • concession contract signed with county (Hercegbosanskazupanija) • contract with Tomislavgrad municipality for land use • preliminary measurement done • preliminary layout done • preliminary grid connection solution proposed • environmental approval issued • preliminary designalmostfinished (1st phase) • locationpermitexpecting for 1-2 months (1st phase)
Costs • Project /equityvaluation (profitability) • CAPEX: • 1.308.000 €/MW • Total (350MW): 437.5 M€ • First phase (102 MW): 133.5 M€ • OPEX: • First phase: 4.700.000 €/annual • Primarydepending on feed-intariff (notknownyet) • Assumed: • 90 €/MWh for 1st year • incerasedwithinflation rate, duration 12 years • after 12th years, marketpricesassumed • First phase (102 MW): • Net energy: 271800 MWh/annual • Income: 25.800.000 €/annual (1st year) • Project valuation (WACC = 10%): • Project IRR: 13.95% • Project NPV: 367.200 €/MW (total 37.455.000 €) • Payback time (from project free cash flow): 11 years • Equityreturn (70/30 debt/equity, interest rate 6%, upfrontfee 3%, loanduration 12 years, discount rate 12%): • Equity IRR: 23.1% • Equity NPV: 380.300 €/MW (total 38.800.000 €) • Payback time (fromequityfree cash flow): 7 years
Financing • Contacts: • Project financing • Equity: • 20-25% • Developer’s costsandfee: 1/3 ofequity • Strategic partner: 2/3 ofequity • Debt: • 70-80% • Contracitngresponsibility: strategic partner • Owner/Developer: • Kamen – dent d.o.o., • Mostar, BosniaandHerzegovina • Email: jure.krtalic@tel.net.ba • Tel: 00387 63 82 01 68 • vjetropark.kamen-dent.com • Technicalsupport: • Fractal d.o.o., • Split, Croatia • Email: fractal@fractal.hr • Tel: 00385 98 286 314 • www.fractal.hr