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Presentation to CERC

by

ACMEACME

July, 2009

Table of Contents

11ACME Group ProfileACME Group Profile

22 Acme’s foray into Solar Thermal PowerAcme’s foray into Solar Thermal Power

1122 yy

33 Solar Thermal Solar Thermal –– Acme’s Tower TechnologyAcme’s Tower Technology3344 ACME’s CommentsACME’s Comments

55 SummarySummary

2 2Private & Confidential

11Acme GroupAcme Group

11


ACME Group – Overview

• The group was founded in 2003

• ACME Tele Power Limited (ATPL), the Revenue Growth Path

(in INR million)flagship company of ACME Group, is a

leading provider of energy management

solutions for telecom sector20000

25000

( )

• ACME’s products and solutions are

innovation driven 10000

15000

• Presently has an employee strength of 1500

• Presence in 20 Countries

l b l

0

5000

FY‐03 FY‐04 FY‐05 FY‐06 FY‐07 FY‐08 FY‐09• Four Global R&D Centers

• 7 Patents Awarded & 100% commercialized

• 20 Patents pending


• 20 Patents pending

22Acme’s foray Acme’s foray

i t i t

22

into into Solar Thermal PowerSolar Thermal Power


Acme's foray into Solar Thermal Projects…

• ACME has recently partnered with e‐Solar, the worlds leading CSP solution provider by investing US$ 30 Million.A l h ld th l i i ht t d l S l t t d l ti i• Acme also holds the exclusive rights to deploy e‐Solar patented solution in India •2.5‐50 MW modular solar power plant

• Achievements:•Brought down price from Rs. 19 crore/MW to Rs. 14 crore/MW•Costing has been submitted to CERC•We are committed to bring down the cost of Solar Thermal power and achieve grid parity by 2017, given support and encouragement by the way of feed‐in tariff for more than 500 MW


Solar Thermal Business Overview

ACME is developing solar power project based on Concentrated Solar Power (CSP)

Tower technology using reflective glass to direct the sunlight to the receiver at the

• Projects Under Development: P j t U d Di i

tower top to generate steam for running a conventional steam turbine

• Projects Under Development:• 10 MW in Rajasthan• 110 MW in Gujarat• 2 x 50 MW in Rajasthan for

Projects Under Discussion:• 100 MW in Maharashtra• 200 MW in Punjab/Haryana

• 2 x 50 MW in Rajasthan for Northern Region States

• 100 MW in MP


Updates on various projects

• 10 MW allocated by Rajasthan Govt – Under Execution

• 110 MW MOU signed with Gujarat Govtg j

• 100 MW with Madhya Pradesh Govt

• 5 MW under MNRE scheme in Maharashtra

• EOI from Delhi, Haryana and Rajasthan for , y j100 MW

• We could get the above because:• The lowest tariff amongst all other PV or Solar

Thermal developers

• Committed shortest possible timelines

Full control and ownership on technology and • Full control and ownership on technology and supply chain


33Solar Thermal Solar Thermal -- Tower Tower

T h lT h l

33

TechnologyTechnology


1 A field of sun-tracking heliostats

About our Technology1. A field of sun tracking heliostats

reflects solar heat to a thermalreceiver mounted atop a tower.

2. The focused heat boils water withinthe thermal receiver and producesthe thermal receiver and producessteam.Steam Temp :427 deg CSteam Pressure :59.6 barSteam Flow :13-15 TPH(variesSteam Flow :13 15 TPH(varieswith DNI)

3. The plant pipes the steam from eachthermal receiver and aggregates it atthe turbine.the turbine.

4. The steam powers a standard turbineand generator to produce solarelectricity.

5. The steam then reverts back to water5. The steam then reverts back to waterthrough cooling, and the processrepeats.

6. Solar thermal projects of thistechnology available in modular size

1010Private & Confidential

technology available in modular sizefrom 2.5 MW to 50 MW

Snapshot of eSolar 5MW Sierra facility


eSolar Field Installations


44Acme’s CommentsAcme’s Comments

44


ACME’sObservations/Comments

Clause 2.Defnitions & Interpretations

• Definition for Solar Thermal Power plant taken from California Energy Commission

Clause 4. Eligibility Criteria

• No approval process of technology by MNRE in vouge however solar projects where MNRE i idi GBI/ b id th j t h ld b li ibl f t iffMNRE is providing GBI/subsidy, those projects should be eligible for tariff determination by CERC

• CERC to decide the tariff if beneficiary is CPSU/GOI or its affiliate • CERC also to decide the tariff if beneficiaries are more than one state & SERC/State G t t d id t t f h b i tiliti ith i th t tGovt to decide extent of share by various utilities with in the state

• SERC to decide the tariff if beneficiary is with in a state

Clause12.Grid Connectivityy

• Transmission of solar energy will not be subjected to Open Access charges from Central Transmission system incase of inter state transmission of power with in the same region


g

ACME’s Observations/Comments

Clause 18.Return on Equity

• Pretax return/annum for the first 10 years at 17 % is on the lower side and id ff i f 14 11 % (D i i MAT iprovides an effective post tax return of 14.11 % (Due to increase in MAT in

Union Budget 2009)• Request to increase the pre‐tax return to the level of at least 18 % for first 10 years which will give effective post‐ tax return of 15 %years which will give effective post tax return of 15 %

Clause 58.Capacity utilization factor

• Proposed CUF of 19% for Solar PV is on the higher side• Reasonable figure of CUF with Solar Insolation level of 800‐1000 W/m2 should be 16‐18%be 16 18%


ACME’s Observations/Comments

Clause 61. Capital Cost for Solar Thermal Power Project

• Normative capital cost for Solar Thermal Project with STP technology is specified as 13 C /MW fo the yea 2009 10 i loCr/MW for the year 2009‐10 is low

• Capital cost for• 10 MW capacity PS‐10 project at Seville, in Spain ‐ Euro 35 Million i.e. >20 Cr/MW• 20 MW capacity PS‐20 project at Seville, in Spain ‐ >21 Cr/MWapa i y p oje a e i e, i pai /• Proposal to keep the Capital cost of project with STP technology in India,not less than

15Cr/MW

Cl 62 C i ili i fClause 62.Capacity utilization factor

• Proposed CUF of 25 % is on the higher side for Solar Thermal project• CUF is linked to Direct Insolation Level of the area where project is located• CUF is linked to Direct Insolation Level of the area where project is located• In best conditions CUF is not likely to exceed 23%, hence the same should be kept as a

normative figure for solar thermal power project


55SummarySummary

55


Summary

• India has got huge potential for development of MW class Solar Thermal power projects

• STP technology is highly credible, reliable & simple

• Biggest deterrent is high initial cost due to the fact that all critical components of solar block gg g pare imported

• Technology needs initial support in the form of preferential tariff/feed‐in tariff

• Certain level of installed capacity in order to achieve economies of scale, critical p y ,components being imported can be localized 100%

• Capital cost of Solar Thermal Power Project can be brought down to 12 Cr/MW after achieving a installed capacity level of around 500 MW

• Capital cost can be further brought down to 8 Cr/MW at a level of around 1000 MW installed capacity

• By year 2017, tariff of electricity generated from Solar Thermal Project is likely to attain parity with that of coal based thermal power plants


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