1. Hydropower Projects In Progress
Elgin MHP
&
Upper Waltrim MHP
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2. Content
1.Site Locations /Approvals
2.Energy Macro Outlook
3.Financial Proposal
4.Technical Proposal
5.Plan/Going Forward
2

3. Elgin Layout
Project Location Contd..
SPILWAY
WEIR AND INTAKE
FOREBAY AND DESILT
TANK
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PENSTOCK
(1,650 m)
POWER HOUSE
CANAL
(1,400 m)
3

4. Upper Waltrim Layout
Project Location Contd..
(1,100m)
(475m)
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5. Approvals -Project Location Contd..
Approvals Elgin MHP Upper
Waltrim MHP
Electricity Generation License from Public Utilities Commission of Sri Lanka Applied Applied
Development Permit from Pradeshiya Sabha – Nuwara Eliya Applied Applied
Approval from Urban Development Authority Applied Applied
Standard Power Purchase Agreement with Ceylon Electricity Board Obtained Obtained
Sublease of Property – Golden Shareholder Obtained Obtained
No Objection letter from Public Utility Commission of Sri Lanka Obtained Obtained
Energy Permit from the Sustainable Energy Authority Obtained Obtained
Approval from Central Environmental Authority Obtained Obtained
Provisional Approval from Sustainable Energy Authority Obtained Obtained
LOI from Ceylon Electricity Board Obtained Obtained
Approval from Divisional Secretariat, Nuwara Eliya Obtained Obtained
Approval from Mahaweli Authority Obtained Obtained
Letter of Approval from National Water Supply & Drainage Board, Obtained Obtained
Letter of Clearance from Department of Agrarian Development Obtained Obtained
Approval from Pradeshiya Sabha, Nuwara Eliya Obtained Obtained
Letter of Clearance from the Department of Irrigation Obtained Obtained
Approval from Forest Department Obtained Not required to
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5

6. Set out plan
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7. Set out plan
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8. Electro -Mechanical Equipments
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9. Electro -Mechanical Equipments
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10. GRP Pipes
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11. 2.Energy Macro Outlook
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12. Financial Feasibility
Contd..
Description Unit Elgin Upper
Waltrim
Preliminary Expenses, Engineering and Construction Supervision Rs.Mn 21 25
Civil Construction Work Rs.Mn 173 250
Penstock Supply and Installation Rs.Mn 86 95
Cost of E&M Equipment Rs.Mn 170 240
Transmission Facilities including Metering arrangement Rs.Mn 25 35
Contingencies Rs.Mn 23 11
Total Project Cost Without IDC Rs.Mn 498 656
Funding - External Loan – 60% Rs.Mn 299 394
- Equity – 40% Rs.Mn 199 262
Description Unit Elgin Upper
Waltrim
Plant Design Capacity MW 2.4 2.6
Plant Factor % 34% 41%
Annual Energy Generation GWh 7.3 9.4
Power Purchase Price Rs. 16.70 16.70
Annual Generation Income Rs.Mn 122 157
Project cost /MW [Rs/MW] Rs. Mn 207.5 252.3
O&M Cost/[Rs/year] Rs.Mn 17.6 17.6
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13. 5. Plan /Going Forward
• Completion of approval process for construction and price
confirmations.
• Cannel Pathway Clearance and excavation.
• Audit of Financial and Technical details.
• Tariff rates and Tax regime finalization.
• Formal approval from the Board of directors.
• Investments and organization structure.
• Calling of tenders and other administrative arrangements.
• Formal opening of project activities.
• Project completion 6 to 8 months.
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14. Plan /Going Forward Contd….
Name and Tile
Project Engineer – Mr.H.M.Ranasinghe • B.Sc.Engineering (Civil) – University of
Peradeniya
• M.Sc.Eng-Environmental and Water Engineering-
University of Peradeniya
Electrical Consultant -Mr.Asanka Perera • B.Sc.Engineering (Hons) Electrical – University of
Sri Lanka
• Post Graduate Diploma in Industrial Engineering
• Chartered Engineer
• Member of IESL
Mechanical Consultant –Mr.Nimal
Kanattawatta
• B.Sc.Engineering(Mechanical) –University of
Katubedda
• Chartered Engineer /Member of IESL
Electro Mechanical & Civil -Dr.Kamal Laksiri • B.Sc.(Civil Engineering) –University of Moratuwa
• MSc.Norwegian University of Science &
Technology – Norway
• PHD- Saga University –Japan
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15. Plan /Going Forward Contd….
Project cost
Elgin MHP : Rs. 498 million
Upper Waltrim : Rs. 656 million
Total : Rs. 1,154 million
Distribution
Proposed 40% Equity : Rs. 462 million
60% Debt : Rs. 692 million
Total : Rs. 1,154 million
Confirmation of Equity Partners
–Sunshine Holdings PLC (61%).
–Mr.M.M.Udeshi (39%) has agreed to invest in the project along with Sunshine Holdings PLC once all approvals are cleared.
–Debt component – DFCC has submitted a proposal. Terms – 50% of the project cost to be at 8% (special loan). The balance to be at
AWPLR + 2%.
–Negotiations are being continued with other banks.
Issues
–Previous years tariff rate is pending. It is expected that this will be finalized in the next 2-3 weeks. The rate offered needs to be
assessed.
–Technical matters.
Corporate Governance
–Transparency & Good Governance procedure to be maintained.
–Disclosure to CSE at the time of confirmation.
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16. Thank you.
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