1 MW ground-mounted operational solar power plant(CP-GAMKG-216)

1 MW ground-mounted operational solar power plant(CP-GAMKG-216)

Business Overview

- The business is a 1 MW ground-mounted operational solar power plant

- The power plant is contracted to supply electricity to CEB (Ceylon Electricity Board) for another 18 years, with a daily energy output of 4,000 KW.

- The land area occupied by the power plant spans 6 acres.

- The business generates revenue by selling the electricity it produces to CEB at a tariff of LKR 15.95/unit.

- The maintenance of the power plant for a monthly fee of LKR 180,000.

- The business is fully compliant with all necessary certificates and licenses.

- The location provides strategic positioning for solar power generation, tapping into the region's renewable energy potential.

- The high valuation of the business is due to the revenue stream being underpinned by a long-term contract with CEB, offering stability and predictability in its income.

Products & Services Overview

The business sells the power it generates from the solar power plant to CEB (Ceylon Electricity Board) directly.

Assets Overview

The tangible assets of the business are.

- 6 acres of land worth LKR 10 million.

- Solar panels worth LKR 64 million.

- Inverters, switchgear, transformers, and insulations worth LKR 39 million.

- Wiring cost of LKR 20 million.

- 33 Kv gridline worth LKR 20 million.

Facilities Overview

6 acre Land

Capitalization Overview

The business has a loan of LKR 130 million outstanding at AWPLR+1.6% interest.

- The business has 4 directors with equity of LKR 80 million.