There Are Two Versions To Choose From In The Assignment Description.The One We Need To Do Is The...

Question

There Are Two Versions To Choose From In The Assignment Description.
The One We Need To Do Is The Enhanced Version.

Purpose Using the skills and tools developed in class, create a financial model of the wind farm that has served as our case study. Review the homework assignments regarding the Power Purchase Agreement, Credit Agreement, Technical Reports and other contracts in order to validate many of the core inputs and assumptions to be used in the model. Choice of Basic vs. Enhanced For this final assignment, you have your choice of completing either the Basic version of model or the Enhanced version. The Enhanced version is eligible for 115 points whereas the Basic version is eligible for 100. Notes: · Using the Scenario Manager technique demonstrated in class, create the Base Case, Upside Case and a Downside Case described below in order to determine the sensitivity of the key model outputs to a range in the value of specific underlying assumptions. Feel free to create additional sensitivity cases. Base Case Upside Case Downside Case Lifetime Average Net Capacity Factor* P-50 P-30 P-90 Annual escalator for all expenses 2% 1% 3% *See Homework #6 regarding how to calculate P30 and P90 · Employ the best practices discussed in class with respect to layout, formatting, flags, counters, escalators, static vs. dynamic debt, Scenario Manager, data tables, etc. From an auditing standpoint one of the most critical of these factors is separating complex formulae onto multiple lines (see comment below regarding Revenue calculations). Points will be deducted for poor application of best practices. · Clearly distinguish between inputs, calculations and outputs. · Try to simplify your formulae, using the same formula across an entire line whenever feasible. To the extent that you find the need to include a few “deviant cells”, be sure to use cell formatting styles to distinguish such cells from their neighbors. · Assume that the project has a useful life of 20 years, after which there is neither residual value nor costs associated with site remediation. · To keep this assignment more manageable, many of the fees and upfront expenses characteristic of an energy project financing have been eliminated from the model (e.g., legal, due diligence, closing costs). · The economic inputs provided below are based upon the documents reviewed in our wind farm case study. Ordinarily, it would be the responsibility of the investor to validate that the assumptions in the model are consistent with the documents. For purposes of this assignment, some of the numeric drivers and constraints have been simplified. Basic Enhanced Periodicity Annual All revenue, expense, debt and tax calculations (i.e., your entire Operating Model) should be based on a semi-annual periodicity. Summary financial statements (i.e., the Income Statement and Balance Sheet) should be prepared on both a semi-annual and an annual basis. Assume that, due to the wind regime · 54% of the net generation occurs in H1 and · 46% in H2 Construction None. Assume that the project is fully built at the start of the model and that all construction-related expenses are captured in the CapEx number provided. Ignore any closing costs or Interest During Construction. Add a monthly construction tab to the model. Assume that the CapEx is incurred according to the schedule below, with each construction milestone funded by 85% debt and 15% equity until the Construction Loan is fully drawn, at which point 100% of the construction milestone payment will be funded with equity. Assume that all fees and interest during construction must be paid currently at the end of each month and funded with 100% equity. Initial Deposit 5% Progress Payment 10% +3 months Ready to Ship 30% +4 months Delivery 30% +1 month Commissioning 20% +2 months COD/Final Acceptance 5% +1 month 100% 11 months Note that the Construction Loan portion of the Credit Agreement calls for a 0.50% (50 bps) per annum fee based upon on the undrawn amount of the loan. Assume that this fee is paid monthly based upon the undrawn amount of the loan at the beginning of the month. Revenues Decompose the primary drivers of Revenue into separate rows on your model (e.g., specify the MWhs and PPA price in every period rather than simply showing one number for Revenue). Same as Basic. See note on periodicity under “Additional Explanations and Tips”. Expenses Distinguish between fixed and variable expenses for O&M and Service. All expense factors included in the table of assumptions (e.g., $/MWh) represent the starting expense level in Year 1 of operations. Inflation of expenses begins in Year 2. Watch your units ($/MW vs. $/MWh vs. $/year)! Same as Basic. See note on periodicity under “Additional Explanations and Tips”. Year 1 Operations For capacity factor, O&M expense and all other drivers of Operating Cash Flow, ignore any extraordinary items mentioned in the project documents impacting performance in Year 1. Adjust capacity factor for Year 1 performance specified in Energy Production and Uncertainty Report. Note that the report includes different first year capacity factors for P50, P75, P90, P95, and P99. Based upon this information, you should be able to calculate a first-year capacity factor for any P-value. For purposes of the assignment, ignore the Phase I and Phase II fees as written in the O&M Agreement. Debt Use techniques discussed in lecture regarding dynamic debt sizing vs. fixed debt assumptions for sensitivity analysis. Debt size is subject to a DSCR constraint of 1.40x in the P50 Base case. Amortization should be sculpted to achieve a constant DSCR in all periods under a P50 Base case scenario and full repayment within 18 years. For the avoidance of doubt, the interest expense should be calculated on an “actual/actual” basis. This means that the annual interest expense is simply the beginning balance of the loan at the start of the year * the interest rate on the loan. Debt size is subject to a DSCR constraint (1.40x in P50 or 1.0x in P99) or a maximum Debt/Equity ratio of 70:30, whichever results in the smallest debt size. Amortization of the principal should be sculpted to achieve a constant DSCR in all periods under a P50 Base Case scenario and full repayment within 18 years. Interest expense should be calculated on an “actual/actual” basis. In modeling the CADS for debt sizing purposes, be sure that the first-year revenues are consistent with Year 1 Operations as described above. Debt Service Reserve None Add a Debt Service Reserve Account which must be filled with sufficient cash to meet the upcoming (forward-looking) 6 months of debt service before any cash can be distributed to equity. Note that the Debt Service Reserve Account must be fully funded as of the Commercial Operations Date of the project. It is an additional use of capital that should be reflected in your opening Balance Sheet (and/or schedule of Sources and Uses). Taxes Depreciation: Assume that 100% of the total cost of the project is eligible for 5 year MACRS depreciation. Use the VDB function to calculate the 5 year MACRS schedule. Tax Credits: Assume a PTC as described in the attached assumption sheet. Show after-tax IRR on a tax-efficient basis (assuming that the equity investor is a full tax payer and can use the tax benefits currently). Change in Law: Be sure to incorporate the changes in law created by the Tax Cuts and Jobs Act of 2017. · Use a 21% corporate tax rate. Depreciation: Assume that 100% of the total cost of the project is eligible for depreciation, including the capitalized Interest During Construction. · 5 year MACRS on 95% of project cost · 15 year MACRS on 5% of project cost Use the VDB function to calculate the 5 and 15 year MACRS schedules. Tax Credits: Assume a PTC as described in the attached assumption sheet. Show IRR on both a tax-efficient basis (equity investor can use the tax benefits currently) and self-sheltering basis (equity investor must “carry forward” the tax benefits and use them to offset the income generated by the wind project alone). Change in Law: Be sure to incorporate the changes in law created by the Tax Cuts and Jobs Act of 2017. 1) Use a 21% corporate tax rate. 2) Assume that only 80% of the taxable income in a given year can be offset by Net Operating Losses (“NOLs”) carried forward from prior years. Balance Sheet Simplified. Include Net PP&E, Debt and Equity and Retained Earnings. Assume that all cash available for distribution to equity is distributed at the end of every reporting period. Detailed. In addition to the Basic requirements, also include working capital (accounts payable, accounts receivable) and any cash amounts deposited in the Debt Service Reserve Account. Ignore other cash waterfall accounts described in the Credit Agreement and assume that all cash available for distribution to equity is distributed at the end of every reporting period. Of course, any cash in the Debt Service Reserve Account is “Restricted Cash” and cannot be distributed to equity shareholders. Working Capital Assumptions: · 30 Days Receivable · 20 Days Payable · 0 Days Inventory At the end of the project life, assume that all working capital balances are zero (i.e., all receivables are received and all payables are paid.) Income Statement Prepare an Income Statement for accounting purposes. Assume that all assets are depreciated straight line for 20 years. Start with Revenue and Expenses to get to EBITDA. Then factor in any non-cash items which need to be incorporated into the income statement (e.g., depreciation expense). Stop at pre-tax income. (Do not worry about production tax credits or deferred taxes.) Be sure NOT to subtract the use of any cash that isn’t an expense (e.g, principal amortization). Same as Basic. OPTIONAL: Though we have not covered Deferred Taxes in this class, you are free to prepare an After-Tax Income Statement, inclusive of any tax benefits or liabilities the project generates for its corporate parent. Remember that this Income Statement is for GAAP, and taxes for accounting purposes do not equal taxes for cash purposes in each period. Also, be certain to include any deferred tax liabilities (or assets) on the Balance Sheet. Do not forget that deferred taxes create a difference between After-Tax Net Income and After-Tax Cash distributions which must be factored into Retained Earnings. Probabilistic Forecast None Using the techniques discussed in Lecture #6 and included in Assignment #6, create an additional scenario that takes 40 random samples based upon the wind forecast distribution and uses a different sample for each semi-annual reporting period. Label this scenario “Probabilistic Case”. When the Probabilistic Case is selected in the Scenario Manager, you will want to make certain that the MWhs used to forecast revenue in the Active Case come from your statistical analysis. In all other cases, your model should assume that all 20 years have identical energy generation (i.e., P50 or P30 or P90) and that the split between H1 and H2 does not change from year

finalmodel-assignment-ntshforo.docx finalmodel-assumption-sheet-fvfugequ.xlsx hw-sample-4ejwmj1l-yrlwmd53.xlsx

Himanshu · Accepted Answer

List of Sheets
			Sheet Tab	Description	Author
		1	List of Sheets
		2	Dashboard
		3	Timing and Operations
		4	Tax Assumptions
		5	Debt Financing Assumptions
		6	S-Curve Assumptions
		7	EBITDA
		8	Debt and Cash Waterfall (SA)
		9	Annual Cash Flows
		10	Value and Re-finance
		11	Integrity
		13	Sensitivities
		14	Tornado Chart
		15	Misc1
Dashboard
			Structure Mode							Model Test		      Debt Funding Debt Adders Test Computed DSCR Test VAT Refunds Test  						1
	Project Characteristics						Operating/Scenario
		Size of Turbine (MW)	1.8					Bid Price (US/MWH)		88.00
		No of Turbines 	28					Capacity  (MW)		50.4
		Size of Windfarm (MW)	50.4					Capacity Factor		27.3%
			Total Cost	Per kW	Pct of Total			Levelised O&M Cost per MWH		17.03	100%
		Turbine Cost	54,601,344	1,083.36	45.75%			Levelised O&M Cost per kW Yr		40.40	100%
		Development costs	12,270,637	243.47	10.28%			Plant Cost Sensitivity (USD/kW)		2,328.66	100%
		Legal Costs	967,680	19.20	0.81%
		Land Acquisition Cost	7,560,000	150.00	6.34%			Returns		Nominal	Real
		Engineering Cost	7,910,784	156.96	6.63%				Pre-tax Project IRR	5.58%	3.31%
		Grid Connection supply 	2,045,917	40.59	1.71%				Project IRR	4.96%	2.59%
		Civil Works	8,080,128	160.32	6.77%				All-in Debt Cost Pre-tax	0.00%	0.00%
		Land Purchase (Access)	10,808,986	214.46	9.06%				All-in Debt Cost After Tax	0.00%	0.00%
		Other Misc	15,090,036	299.41	12.65%				All-in Subdebt After Tax		
		Total	119,335,512.04	2,367.77	100.00%				Equity IRR	16.65%	14.08%
								Senior Debt Coverage		MIN	Average
	Debt and Fee Structuring								Annual Debt Service Cover Ratio	0.00	FALSE
		Target DSCR	1.40						Project Life Cover Ratio	1.73
		Gearing Ratio	80%						Loan life Cover Ratio	1.58			Nominal LCOE	106.91
		Size from Gearing Ratio	FALSE										Real LCOE	93.81
		Debt Tenor	18.00					Total Uses of Funds		Amount	Percent	USD/kW
		DSRA Months	18.00						Total Capital Expenditures	117,364,288	20%	2,328.66
		Repayment							Development Fees	0	0%	0.00
		Cash Sweep Percent	0.0%						Total IDC (Interest during construction)	454,457,682	79%	9,017.02
		Cash Trap Covenant	1.15						Total Fees (up-front and commitment)	2,075,496	0%	41.18
		Funding Method							Debt Service Reserve Account	0	0%	0.00
		Capitalize Int and Fees							Subtotal Transactional Cost related to Debt	456,533,178	80%	9,058.20
		Development Fee	25,000						Total Project Cost	573,141,466	100%	11,371.85
								Total Sources of Funds
									Senior Debt	95,404,828	17%
									Subordinated Debt	0	0%
									Equity	477,736,638	83%
									Total	573,141,466	100%
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Structure Mode
Sensitivity Analaysis Mode
Value and Re-finance
					Model Test			      Debt Funding Debt Adders Test Computed DSCR Test VAT Refunds Test  
		No-Project Sale					Re-Financing Analysis
								Re-Financing Turned On
			Pre-Tax IRR	5.58%				Date of Re-financing	1-Aug-19
			Post-Tax IRR	4.96%				DSCR to Size Re-financing	1.29
			Equity IRR	16.65%				Amount of Re-financing	0.00
								Tail of Re-financing	3
		With Sale						Tenor of Re-financing	18.08
			Sale Date	1-Aug-31				Re-financing Interest Rate	4.10%
			Post-Tax IRR	1.76%
			Equity IRR	14.56%			Sources and Uses
								New Debt	0
		Discount Rate Evolution		Equity	Project
			Pre-construction	17.00%	14.00%			Retirement of Existing Debt	0
			Post-Construction	13.00%	11.00%			Fees on New Debt	0
			Initial Operations (Yrs 1 -3)	11.00%	9.00%			Breakage Fee	0
			Initial Operations Mature	9.00%	7.00%			Super Dividends	0
									Sub Debt	0%
									Interest	7%
1	#REF!	
Project Value	42369	42400	42429	42458	42489	42519	42550	42580	42611	42642	42672	42703	42733	42764	42794	42822	42853	42883	42914	42944	42975	43159	43340	43524	43705	43889	44071	44255	44436	44620	44801	44985	45166	45350	45532	45716	45897	46081	46262	46446	46627	46811	46993	47177	47358	47542	47723	47907	48088	48272	48454	48638	48819	49003	49184	49368	49549	49733	49915	50099	50280	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	-57616629.538898736	-50567481.38711936	-40518490.251694314	-10557822.744292935	-8350903.0441945568	-7994463.6069963919	1873350.866351394	4880143.9803126762	11562594.974392423	15911262.673223292	21063441.538776465	25402370.630916525	35768894.961352088	63117632.473699525	62792936.979796238	61006320.963371702	61666875.776850887	62356963.825185448	63032142.920699239	63737509.098935559	68089691.767974287	85635705.910019189	84929303.901470557	84056877.965366423	83152012.972051784	82093255.912464648	81473356.071550995	90382341.082412988	89473924.37828432	88407941.69756335	87300973.038936511	95957741.718635947	94301839.620712727	92496657.486682549	90603785.04496944	88535934.914522067	86383612.24527736	84047142.267403349	81611618.177994832	78982124.910584733	76237673.634136081	73459058.848032251	70542528.983885661	67417683.186523497	64150002.094033875	60736203.552445158	57554559.726179503	54974179.207210548	52273391.096123487	49398290.509827651	46377362.193505928	43162332.677402101	39792266.117621459	36216679.416830115	32466386.811811768	28498313.497711137	24334126.134908468	19942686.623867121	15328273.012388842	10468767.201709438	5364530.0130167417	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	
Debt Service	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	43159	43340	43524	43705	43889	44071	44255	44436	44620	44801	44985	45166	45350	45532	45716	45897	46081	46262	46446	46627	46811	46993	47177	47358	47542	47723	47907	48088	48272	48454	48638	48819	49003	49184	49368	49549	49733	49915	50099	50280	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	Sub Debt Service	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	43159	43340	43524	43705	43889	44071	44255	44436	44620	44801	44985	45166	45350	45532	45716	45897	46081	46262	46446	46627	46811	46993	47177	47358	47542	47723	47907	48088	48272	48454	48638	48819	49003	49184	49368	49549	49733	49915	50099	50280	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	CFADS	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	43159	43340	43524	43705	43889	44071	44255	44436	44620	44801	44985	45166	45350	45532	45716	45897	46081	46262	46446	46627	46811	46993	47177	47358	47542	47723	47907	48088	48272	48454	48638	48819	49003	49184	49368	49549	49733	49915	50099	50280	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	5058942.9520210829	5111821.5577869294	5166321.5738711087	5221402.6454009078	4795326.9527964517	4660515.0547385784	4712210.3422163082	4764479.0433009071	4818383.8910737708	4763091.1238279883	4818057.2165920455	4873657.61831119	4931023.3813241897	4989064.372476669	5048961.6184865022	5109577.9732934413	5172147.2263734126	5235482.6702134535	5300873.8328612447	5215538.7496102247	5281981.2700515892	5349270.2243389189	5418776.5355918091	5417769.7313150829	5489570.850452478	5562323.5420938823	5637511.1149321124	5713715.0204353724	5792489.5313214809	5872350.0997976419	5954926.2375984117	6038663.5491061714	6125271.3686690163	6213121.3363244738	6304007.5269745532	6396223.2103552213	6491652.4823661139	6588505.5236322405	6688762.1248327512	6790544.3202743558	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	#N/A	
Timing and Operations
	Timing								Model Integrity	      Debt Funding Debt Adders Test Computed DSCR Test VAT Refunds Test  
			Model Start		Date	1-Jan-15
			Beginning of Construction		Date	31-Dec-15			Pre-tax IRR	5.58%
			End of Construction		Date	30-Aug-17			Project IRR	4.96%
			Commercial Operation Date		Date	31-Aug-17
			Decommissioning		Date	30-Aug-37
			Construction Period		Months	20.00
			Semi Annual Periods		Periods	3.33
			Operating Life		Years	20
			Months in Period after COD		Months	6
			Periods per Year after COD		Periods	2
	Purchase Price Agreement Assumptions
			Initial Bid Price		(USD/MWH)	88.00																																																		1	2	3	4	5	6	7	8
			PPA Years		Years	20
			PPA Start Date (COD)		Date	31-Aug-17
			PPA End Date		Date	30-Aug-37
			Transmission Loss Factor Charge		Percent	2.00%
	Project Size
		Size of Turbine (MW)			1.80
		No of Turbines 			28.00
		Size of Windfarm			50.40
	Construction Costs				Total Cost	Per kW	Pct of Total
		Turbine Cost			54,601,344	1,083.36	45.75%
		Development costs			12,270,637	243.47	10.28%
		Legal Costs			967,680	19.20	0.81%
		Land Acquisition Cost			7,560,000	150.00	6.34%
		Engineering Cost			7,910,784	156.96	6.63%
		Grid Connection supply 			2,045,917	40.59	1.71%
		Civil Works			8,080,128	160.32	6.77%
		Land Purchase (Access)			10,808,986	214.46	9.06%
		Other Misc			15,090,036	299.41	12.65%
			Total		119,335,512	2,367.77	100.00%
	Capacity Factor and Production				Capacity Fac	Generation	Half Year
		P50 Case			28.1%	124,063	62,031
		P75 Case			27.1%	119,648	59,824
		P95 Case			25.8%	113,908	56,954
		P99 Case			24.8%	109,493	54,746
			Service & Availability		From	To	Price
				Price per period 1	01-Jan-15	31-Dec-19	8.37
				Price per period 2	01-Jan-20	31-Dec-24	10.00
				Price per period 3	01-Jan-25	31-Dec-29	12.00
				Price per period 4	01-Jan-30	31-Dec-34	12.00
				Price per period 5	01-Jan-35	31-Dec-39	12.00
			Maintenance & services 		From	To
				Price for Maintenance & services - Phase I	31-Aug-17	30-Aug-20	0
				Price for Maintenance & services - Phase II	31-Aug-20	30-Aug-27	0
				Price for Maintenance & services - Phase III	31-Aug-27	30-Aug-37	0
			Operation and Maintenance
				Annual BOP Maintenance cost per MW in euros	6,000
				Annual Insurance per MW in euros	2,000
				Annual Business rates per MW in euros	6,600
				Annual Line O & M per MW in euros	4,500
				Annual Contingency costs per MW in euros	573
				Contingency percentage 	3%
				Annual Community Fund per MW euros	1,000
			Curtailment				PPA 1	PPA 1
							Line 1	Line 2
							P95	P50
					From	To	P99	P75
					01-Jan-15	31-Dec-15	4.95%	4.95%
					01-Jan-16	31-Dec-16	5.70%	5.70%
					01-Jan-17	31-Dec-17	2.00%	2.00%
					01-Jan-18	31-Dec-18	3.10%	3.15%
					01-Jan-19	31-Dec-19	3.10%	3.15%
					01-Jan-20	31-Dec-20	3.70%	3.65%
					01-Jan-21	31-Dec-21	3.70%	3.65%
					01-Jan-22	31-Dec-22	3.70%	3.65%
					01-Jan-23	31-Dec-39	3.70%	3.65%
	Working Capital Assumptions
			Working Capital 
				Accounts Receivable Days	Days		0
				Accounts Payable Days	Days		0
	General Economic Variables
		Inflation Rates
				Start of inflation	Date		1-Jan-15
				No of month in a year where inflation is applied (January)	Date		1.00	1-Jul-13	1-Jan-14	1-Jul-14	1-Jan-15	1-Jul-15	1-Jan-16	1-Jul-16	1-Jan-17	1-Jul-17	1-Jan-18	1-Jul-18	1-Jan-19	1-Jul-19	1-Jan-20	1-Jul-20	1-Jan-21	1-Jul-21	1-Jan-22	1-Jul-22	1-Jan-23	1-Jul-23	1-Jan-24	1-Jul-24	1-Jan-25	1-Jul-25	1-Jan-26	1-Jul-26	1-Jan-27	1-Jul-27	1-Jan-28	1-Jul-28	1-Jan-29	1-Jul-29	1-Jan-30	1-Jul-30	1-Jan-31	1-Jul-31	1-Jan-32	1-Jul-32	1-Jan-33	1-Jul-33	1-Jan-34	1-Jul-34	1-Jan-35	1-Jul-35	1-Jan-36	1-Jul-36	1-Jan-37	1-Jul-37	1-Jan-38	1-Jul-38	1-Jan-39	1-Jul-39	1-Jan-40	1-Jul-40	1-Jan-41	1-Jul-41	1-Jan-42	1-Jul-42
			Cost Inflation Rate		Code Number	2
			1	Low Inflation	%		1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%
			2	Expected Case	%		4.33%	4.33%	1.95%	1.95%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.10%	2.10%	2.14%	2.14%	2.19%	2.19%	2.23%	2.23%	2.28%	2.28%	2.32%	2.32%	2.37%	2.37%	2.42%	2.42%	2.46%	2.46%	2.51%	2.51%	2.56%	2.56%	2.62%	2.62%	2.67%	2.67%	2.72%	2.72%	2.78%	2.78%	2.83%	2.83%	2.89%	2.89%	2.95%	2.95%	3.01%	3.01%	3.07%	3.07%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%
			3	High Inflation Case	%		4.33%	4.33%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%
				Expected Case	%		4.33%	4.33%	1.95%	1.95%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.10%	2.10%	2.14%	2.14%	2.19%	2.19%	2.23%	2.23%	2.28%	2.28%	2.32%	2.32%	2.37%	2.37%	2.42%	2.42%	2.46%	2.46%	2.51%	2.51%	2.56%	2.56%	2.62%	2.62%	2.67%	2.67%	2.72%	2.72%	2.78%	2.78%	2.83%	2.83%	2.89%	2.89%	2.95%	2.95%	3.01%	3.01%	3.07%	3.07%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%
			Revenue Inflation Rate		Code Number	2
			1	Low Inflation	%		1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%
			2	Expected Case	%		4.33%	4.33%	1.95%	1.95%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.10%	2.10%	2.14%	2.14%	2.19%	2.19%	2.23%	2.23%	2.28%	2.28%	2.32%	2.32%	2.37%	2.37%	2.42%	2.42%	2.46%	2.46%	2.51%	2.51%	2.56%	2.56%	2.62%	2.62%	2.67%	2.67%	2.72%	2.72%	2.78%	2.78%	2.83%	2.83%	2.89%	2.89%	2.95%	2.95%	3.01%	3.01%	3.07%	3.07%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%
			3	High Inflation Case	%		4.33%	4.33%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	2.50%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%
				Revenue Inflation Applied	%		4.33%	4.33%	1.95%	1.95%	2.06%	2.06%	2.06%	2.06%	2.06%	2.06%	2.10%	2.10%	2.14%	2.14%	2.19%	2.19%	2.23%	2.23%	2.28%	2.28%	2.32%	2.32%	2.37%	2.37%	2.42%	2.42%	2.46%	2.46%	2.51%	2.51%	2.56%	2.56%	2.62%	2.62%	2.67%	2.67%	2.72%	2.72%	2.78%	2.78%	2.83%	2.83%	2.89%	2.89%	2.95%	2.95%	3.01%	3.01%	3.07%	3.07%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%
				half a period	%		0.5
				Operational delay in months	Months		0
				Last day of 1st Period in model	Date
				No of Months in year	Months		12
				Refit 2 (€/mwh)	(€/mwh)
				Start of SEM	Date		31-Aug-37
				End of SEM	Date		30-Aug-37
				Bonus for refit 2 (€/mwh)	%		13.79%	0.00
				Share of Bonus after Discount years 1-15 for Refit 2	%		70.70%
				End of charge			8/30/37
			TUoS 
				Charge (€/MW/Month)			0
				End of charge			8/30/37
				PPA Adjustment	%		0.00%
				Share of Bonus after Discount years 1-15 for Refit 1	%		100.00%
	Merchant Period Assumptions
				Share of Market Prices Post PPA	%		100.00%
			Market Clearing Prices						1-Jan-13	1-Jul-13	1-Jan-14	1-Jul-14	1-Jan-15	1-Jul-15	1-Jan-16	1-Jul-16	1-Jan-17	1-Jul-17	1-Jan-18	1-Jul-18	1-Jan-19	1-Jul-19	1-Jan-20	1-Jul-20	1-Jan-21	1-Jul-21	1-Jan-22	1-Jul-22	1-Jan-23	1-Jul-23	1-Jan-24	1-Jul-24	1-Jan-25	1-Jul-25	1-Jan-26	1-Jul-26	1-Jan-27	1-Jul-27	1-Jan-28	1-Jul-28	1-Jan-29	1-Jul-29	1-Jan-30	1-Jul-30	1-Jan-31	1-Jul-31	1-Jan-32	1-Jul-32	1-Jan-33	1-Jul-33	1-Jan-34	1-Jul-34	1-Jan-35	1-Jul-35	1-Jan-36	1-Jul-36	1-Jan-37	1-Jul-37	1-Jan-38	1-Jul-38	1-Jan-39	1-Jul-39	1-Jan-40	1-Jul-40	1-Jan-41	1-Jul-41	1-Jan-42	1-Jul-42
				Low SMP (€/mwh)	(€/mwh)				54.17	54.17	55.88	55.88	55.31	55.31	55.69	55.69	55.30	55.30	54.41	54.41	56.21	56.21	56.66	56.66	57.69	57.69	58.13	58.13	59.29	59.29	60.92	60.92	61.66	61.66	62.44	62.44	62.92	62.92	63.05	63.05	64.02	64.02	65.04	65.04	65.61	65.61	66.80	66.80	68.79	68.79	70.35	70.35	72.62	72.62	74.37	74.37	77.30	77.30	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53
				Central SMP (€/mwh)	(€/mwh)				60.19	60.19	62.08	62.08	61.45	61.45	61.88	61.88	61.44	61.44	60.45	60.45	62.45	62.45	62.96	62.96	64.10	64.10	64.59	64.59	65.88	65.88	67.69	67.69	68.51	68.51	69.38	69.38	69.91	69.91	70.05	70.05	71.13	71.13	72.27	72.27	72.91	72.91	74.23	74.23	76.43	76.43	78.17	78.17	80.69	80.69	82.63	82.63	85.89	85.89	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36
				High SMP (€/mwh)	(€/mwh)				66.21	66.21	68.29	68.29	67.60	67.60	68.07	68.07	67.59	67.59	66.50	66.50	68.70	68.70	69.25	69.25	70.51	70.51	71.05	71.05	72.47	72.47	74.45	74.45	75.36	75.36	76.32	76.32	76.91	76.91	77.06	77.06	78.24	78.24	79.50	79.50	80.20	80.20	81.65	81.65	84.07	84.07	85.98	85.98	88.76	88.76	90.90	90.90	94.48	94.48	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20
				Low Capacity (€/mwh)	(€/mwh)				0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
				Central Capacity (€/mwh)	(€/mwh)				6.40	6.40	6.20	6.20	6.28	6.28	6.59	6.59	6.63	6.63	6.63	6.63	6.65	6.65	6.92	6.92	7.13	7.13	7.26	7.26	7.13	7.13	7.15	7.15	7.23	7.23	7.03	7.03	7.08	7.08	7.10	7.10	7.19	7.19	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29
				High Capacity (€/mwh)	(€/mwh)				7.04	7.04	6.82	6.82	6.91	6.91	7.25	7.25	7.29	7.29	7.29	7.29	7.31	7.31	7.61	7.61	7.84	7.84	7.98	7.98	7.84	7.84	7.86	7.86	7.95	7.95	7.73	7.73	7.79	7.79	7.81	7.81	7.90	7.90	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02
				Total days in semi annual period			182.5
				Construction Monitoring Summary					0		0
				Project Management & Co-ordination					0		0
				Water monitoring (€)					0		0
				Independent engineers (€)					0		0
				Insurances (€)					0		0
			Refit 2 Production
				P50 (mwh) semi annual					0		0
				P75 (mwh) semi annual					0		0
				P90 (mwh) semi annual					0		0
				P99 (mwh) semi annual					0		0
				Scenario Code					1
				Refit 1					50.40
				Refit 2					- 0
				Electrical engineering consultant (€)					- 0		0
				Telecommunications (€)					- 0		0
			Rent				From	To
				Rent  years 1-5			01-Jan-15	31-Dec-99	0.00%		0%
				Rent  years 6-10			31-Dec-99	31-Dec-99	0.00%		0%
				Rent  post year 10			31-Dec-99	31-Dec-99	0.00%		0%
				Annual Metering and Electrical input charge per MW in euros	0
				Annual Bank agency fees per MW in euros	0
				Annual SPV fee per MW in euros	0
				Annual Consultant fees per MW in euros	0
				Annual Other costs per MW in euros	0
				Annual Tax, Audit & Accounting costs per MW in euros	0
							PPA 2	PPA 3
							Line1	Line 2
							P50	P50
							P99	P75
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
							0.00%	0.00%
Project IRR	4.96%	
Project Cash Flow	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	0	-93350098.000702769	-23258189.639617223	5058942.9520210829	10278143.131658038	10016729.59819736	9372725.3969548866	9582862.9343746789	9581148.3404200338	9804680.9996353798	10038025.990963172	10281725.199666854	10536356.503074698	10497520.019661814	10768046.759930728	10529348.820486231	8847869.3790505342	9089901.5958879143	9343548.3065428827	9609508.5850423984	9888531.8020062316	10181421.797249854	10489041.442287344	5364530.0130167417	0	0	0	0	0	0	0	0	
Tax Assumptions
		  
	Profits Tax							      Debt Funding Debt Adders Test Computed DSCR Test VAT Refunds Test  
		Tax Charge		21.00%
		Capital Allowance applied for no. Years		10
		Claim from operation start date		31-Aug-17
		End of Claim		30-Aug-27
	VAT
		Vat on turbines		10.00%	21.00%
		Vat rate (average vat rate on other costs excluding vat on share consideration)		10.00%	15.00%
		No. of months delay for vat receipts 		2
	Fixed Assets
		Start of depreciation 		31-Aug-17
		Depreciation Period		20
		End of depreciation land & building		30-Aug-37
		no of period semi annual		40
		% of Fixed assets allowable for capital allowance		100%
		Tax rate on deposits		25%
		Tax paid in advance		0%
		1st tax payment (no of month)		6
		2nd tax payment (no of month)		11
		Final tax payment (no of month)		9
		Total tax amount paid by 1st installment tax 		50%
		Total tax amount paid by 2nd installment tax 		90%
		Total tax amount paid by final installment  		100%
Project IRR	4.96%	
Project Cash Flow	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	0	-93350098.000702769	-23258189.639617223	5058942.9520210829	10278143.131658038	10016729.59819736	9372725.3969548866	9582862.9343746789	9581148.3404200338	9804680.9996353798	10038025.990963172	10281725.199666854	10536356.503074698	10497520.019661814	10768046.759930728	10529348.820486231	8847869.3790505342	9089901.5958879143	9343548.3065428827	9609508.5850423984	9888531.8020062316	10181421.797249854	10489041.442287344	5364530.0130167417	0	0	0	0	0	0	0	0	
Debt Financing Assumptions
				      Debt Funding Debt Adders Test Computed DSCR Test VAT Refunds Test  	Equity IRR	16.65%	SD%	16.65%
	Senior Debt A
		Debt Size
				Target DSCR 	140	1.4
				Target Debt:Capital Ratio	80	80%
				Apply Scuplting		FALSE
		Debt Draws
				Interest Capitalised (Rolled up to Debt)		FALSE
				Start of Drawdown (Financial Close Date)		31-Dec-15
				Draw Code (1-Pro-Rata; 2-Equity First; 3-Debt First)		2.00								Pro-Rata
														Equity First
		Debt Repayment
				Repayment period 		18.00
				Start of Repayment (Construction Start Date)		31-Aug-17								Equal Installment
				End of Repayment		31-Aug-35								Annuity
				Repayment Style (1 - Level; 2 - Annuity; 3 - Sculpted)		3.00								Sculpted
		Interest and Fees
				Base rate		1.50%	1.50%
				18 year fixed rate swap spread 		0.00%
				Hedge percentage		100.00%		Norm
				Construction Phase		31-Dec-15	1.75%	BBB credit spread 		1.75%
				Initial margin (annual)		31-Aug-17	2.00%			2.00%
				Years 5-10 margin(annual)	24.00	31-Aug-19	2.25%			2.25%
				Years 11-15 margin(annual)	36.00	31-Aug-22	2.50%	Higher margin here to protect bank on the downside		2.50%
				Arrangement Fee (Upfront Fee)		1.50%	1.50%
				Commitment Fee annual		0.75%	0.75%	Fee for the amount you dont borrow, on the undrawn debt
				Fee Amortisation Period	Years	10.00
		Credit Enhancements				5.00%
				DSRA Months	Months	18.00		The amount of months of the annual Debt repayment needed to be retained
				DSRA Interest Rate	%	7%
				DRSA Funded with LOC		FALSE		Cash trap covenants - PV of CF/PV of Debt. Projection of the life of the project to project future CF's
				Cash Trap/Dividend Lockup Covenant	DSCR X	1.15		You cannot pay a dividend on this
				Cash Sweep		0.0%	0	How much of the extra cashflow and pay off the debt / this is a % of CF after debt service
				Interest charge semi annual		0.00%
	Subordinated Debt
			Debt Sizing
				Sub-debt %		0%	0
			Repayments
				Number of years before sub detb paid		18
				Start of Repayment		31-Aug-35
				No of years for repayment		3
				End of Repayment		30-Aug-38
			Interest and Fees
				Annual Coupon Rate - Construction		7%	7
				Annual Coupon Rate - Operations		7%
				Sub Interest Tax Deductible		TRUE
	Development Fee
			Development Fee Amount			25,000.00	1
			Percent of Construction			0.02%
			Development Fee Date			31-Aug-17
	MRA
				MRA required balance 		0
				MRA required balance post yr 5		0
				Length of period in mths		6
				% of semi annual period		100.00%
				Number of periods		4
				% of MRA balance built per period		25.00%
				Start of 1st period of MRA balance build up		31-Aug-17
				End of final period of MRA balance build up		30-Aug-19
				Period post MRA build up		30-Nov-19
				End of MRA		31-Aug-35
	VAT
				Interest rate on facilty		3.00%		Low Risk - this should be low
				Arrangement fee		0.00%
				Commitment fee		0.00%
				Interest Capitalised		FALSE
	Discount Rate (Return a Buyer Requires to invest in this project)					Start Date	Discount Rate - Equity	Discount Rate - Project
				Pre-construction		31-Dec-15	17.00%	14.00%		17
				Post-Construction		31-Aug-17	13.00%	11.00%		13
				Initial Operations (Yrs 1 -3)	3	31-Aug-20	11.00%	9.00%		11
				Initial Operations Mature	2	31-Aug-22	9.00%	7.00%		9
				Risk Free Rate		3.50%
				COD Month		8
				Assumed Sale Date		1-Aug-31		2031
	Refinancing
				Include Re-Financing		FALSE
				Assumed Date of Refinancing		1-Aug-19		2019
				Assumed DSCR on Refinancing		1.29		129
				Assumed Term (Tail)		3		3
				Assumed Interest Rate		4.10%		41
				End of Operations		31-Aug-37
				Date of Repayment		31-Aug-34
				Tenor for Re-financing		18.08
				Fee on New Debt		1.50%
				Breakage Fee		1.00%
	LCOE Rates
				Discount Rate		10.0%
				Inflation Rate		2.6%
				Real		7.2%
				Periodic		3.5%
								Structuring
								Risk Analysis
S-Curve Assumptions
	Year			1/1/15			01-Jan-15	01-Feb-15	01-Mar-15	01-Apr-15	01-May-15	01-Jun-15	01-Jul-15	01-Aug-15	01-Sep-15	01-Oct-15	01-Nov-15	01-Dec-15	01-Jan-16	01-Feb-16	01-Mar-16	01-Apr-16	01-May-16	01-Jun-16	01-Jul-16	01-Aug-16	01-Sep-16	01-Oct-16	01-Nov-16	01-Dec-16	01-Jan-17	01-Feb-17	01-Mar-17	01-Apr-17	01-May-17	01-Jun-17	01-Jul-17	01-Aug-17	01-Sep-17	01-Oct-17	01-Nov-17	01-Dec-17	01-Jan-18	01-Feb-18	01-Mar-18	01-Apr-18	01-May-18	01-Jun-18	01-Jul-18	01-Aug-18	01-Sep-18	01-Oct-18	01-Nov-18	01-Dec-18	01-Jan-19	01-Feb-19	01-Mar-19	01-Apr-19	01-May-19	01-Jun-19	01-Jul-19	01-Aug-19	01-Sep-19	01-Oct-19	01-Nov-19	01-Dec-19	01-Jan-20	01-Feb-20	01-Mar-20	01-Apr-20	01-May-20	01-Jun-20	01-Jul-20	01-Aug-20	01-Sep-20	01-Oct-20	01-Nov-20	01-Dec-20	01-Jan-21	01-Feb-21	01-Mar-21	01-Apr-21	01-May-21	01-Jun-21	01-Jul-21	01-Aug-21	01-Sep-21	01-Oct-21	01-Nov-21	01-Dec-21	01-Jan-22	01-Feb-22	01-Mar-22	01-Apr-22	01-May-22	01-Jun-22	01-Jul-22	01-Aug-22	01-Sep-22	01-Oct-22	01-Nov-22	01-Dec-22	01-Jan-23	01-Feb-23	01-Mar-23	01-Apr-23	01-May-23	01-Jun-23	01-Jul-23	01-Aug-23	01-Sep-23	01-Oct-23	01-Nov-23	01-Dec-23	01-Jan-24	01-Feb-24	01-Mar-24	01-Apr-24	01-May-24	01-Jun-24	01-Jul-24	01-Aug-24	01-Sep-24	01-Oct-24	01-Nov-24	01-Dec-24
	Last day of Period						31-Jan-15	28-Feb-15	31-Mar-15	30-Apr-15	31-May-15	30-Jun-15	31-Jul-15	31-Aug-15	30-Sep-15	31-Oct-15	30-Nov-15	31-Dec-15	31-Jan-16	29-Feb-16	31-Mar-16	30-Apr-16	31-May-16	30-Jun-16	31-Jul-16	31-Aug-16	30-Sep-16	31-Oct-16	30-Nov-16	31-Dec-16	31-Jan-17	28-Feb-17	31-Mar-17	30-Apr-17	31-May-17	30-Jun-17	31-Jul-17	31-Aug-17	30-Sep-17	31-Oct-17	30-Nov-17	31-Dec-17	31-Jan-18	28-Feb-18	31-Mar-18	30-Apr-18	31-May-18	30-Jun-18	31-Jul-18	31-Aug-18	30-Sep-18	31-Oct-18	30-Nov-18	31-Dec-18	31-Jan-19	28-Feb-19	31-Mar-19	30-Apr-19	31-May-19	30-Jun-19	31-Jul-19	31-Aug-19	30-Sep-19	31-Oct-19	30-Nov-19	31-Dec-19	31-Jan-20	29-Feb-20	31-Mar-20	30-Apr-20	31-May-20	30-Jun-20	31-Jul-20	31-Aug-20	30-Sep-20	31-Oct-20	30-Nov-20	31-Dec-20	31-Jan-21	28-Feb-21	31-Mar-21	30-Apr-21	31-May-21	30-Jun-21	31-Jul-21	31-Aug-21	30-Sep-21	31-Oct-21	30-Nov-21	31-Dec-21	31-Jan-22	28-Feb-22	31-Mar-22	30-Apr-22	31-May-22	30-Jun-22	31-Jul-22	31-Aug-22	30-Sep-22	31-Oct-22	30-Nov-22	31-Dec-22	31-Jan-23	28-Feb-23	31-Mar-23	30-Apr-23	31-May-23	30-Jun-23	31-Jul-23	31-Aug-23	30-Sep-23	31-Oct-23	30-Nov-23	31-Dec-23	31-Jan-24	29-Feb-24	31-Mar-24	30-Apr-24	31-May-24	30-Jun-24	31-Jul-24	31-Aug-24	30-Sep-24	31-Oct-24	30-Nov-24	31-Dec-24
		Period					1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34	35	36	37	38	39	40	41	42	43	44	45	46	47	48	49	50	51	52	53	54	55	56	57	58	59	60	61	62	63	64	65	66	67	68	69	70	71	72	73	74	75	76	77	78	79	80	81	82	83	84	85	86	87	88	89	90	91	92	93	94	95	96	97	98	99	100	101	102	103	104	105	106	107	108	109	110	111	112	113	114	115	116	117	118	119	120
		Construction Switch		1-Jan-15	31-Aug-17		TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
		End of Construction		31-Jul-17			FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
	Base Construction Costs				Total
		Sensitivity Factor			100%
		Development costs 		100.00%	12,270,637		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.00%	7.00%	7.00%	7.10%	7.10%	7.10%	7.10%	7.10%	7.10%	7.10%	7.10%	7.10%	7.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Turbine Supply Contract 		100.00%	54,601,344		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.00%	0.00%	0.00%	0.00%	10.00%	0.00%	10.00%	5.00%	5.00%	5.00%	15.00%	35.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Finance/Legal / Banking 		100.00%	967,680		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	80.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Acquisition Cost		100.00%	7,560,000		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Construction Monitoring Summary		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Project Management & Co-ordination		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Water monitoring 		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Independent engineers 		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Insurances 		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Electrical engineering infrastructure 		100.00%	7,910,784		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	70.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Electrical engineering consultant 		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Grid Connection supply 		100.00%	2,045,917		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	50.00%	0.00%	0.00%	50.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Civil works contract 		100.00%	8,080,128		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.00%	20.00%	20.00%	30.00%	20.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Telecommunications 		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Landscaping 		100.00%	10,808,986		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Miscellaneous		100.00%	15,090,036		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Contingency 	5%	100.00%	5,588,776		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.37%	8.33%	8.33%	8.33%	8.33%	8.33%	8.33%	8.33%	8.33%	8.33%	8.33%	8.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Acquisition fee 		0.00%	0		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
		Total Cost			124,924,288
	VAT Costs
		Development costs 			12,270,637		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	1,840,596	858,945	858,945	871,215	871,215	871,215	871,215	871,215	871,215	871,215	871,215	871,215	871,215	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Turbine Supply Contract 			54,601,344		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	8,190,202	- 0	- 0	- 0	5,460,134	- 0	5,460,134	2,730,067	2,730,067	2,730,067	8,190,202	19,110,470	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Finance/Legal / Banking 			967,680		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	193,536	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	774,144	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		ADDITIONAL PLANNING COSTS SUMMARY			7,560,000		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	7,560,000	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Construction Monitoring Summary			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Project Management & Co-ordination			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Water monitoring 			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Independent engineers 			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Insurances 			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Electrical engineering infrastructure 			7,910,784		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	5,537,549	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	2,373,235	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Electrical engineering consultant 			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Grid Connection supply 			2,045,917		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	1,022,959	- 0	- 0	1,022,959	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Civil works contract 			8,080,128		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	808,013	1,616,026	1,616,026	2,424,038	1,616,026	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Telecommunications 			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Landscaping 			10,808,986		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	10,808,986	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Miscellaneous			15,090,036		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	15,090,036	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Contingency 			5,588,776		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	467,781	465,545	465,545	465,545	465,545	465,545	465,545	465,545	465,545	465,545	465,545	465,545	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Acquisition fee 			0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Total Cost			124,924,288		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	7,560,000	- 0	7,571,680	9,516,927	28,031,524	2,952,786	2,952,786	9,220,933	2,952,786	6,796,895	4,066,827	5,089,786	4,066,827	9,526,962	24,617,569	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
													0	0	0
	VAT
		Development costs 		10.00%	1,227,064		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	184,060	85,894	85,894	87,122	87,122	87,122	87,122	87,122	87,122	87,122	87,122	87,122	87,122	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Turbine Supply Contract 		10.00%	5,460,134		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	819,020	- 0	- 0	- 0	546,013	- 0	546,013	273,007	273,007	273,007	819,020	1,911,047	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Finance/Legal / Banking 		10.00%	96,768		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	19,354	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	77,414	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		ADDITIONAL PLANNING COSTS SUMMARY		10.00%	756,000		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	756,000	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Construction Monitoring Summary		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Project Management & Co-ordination		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Water monitoring 		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Independent engineers 		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Insurances 		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Electrical engineering infrastructure 		10.00%	791,078		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	553,755	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	237,324	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Electrical engineering consultant 		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Grid Connection supply 		10.00%	204,592		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	102,296	- 0	- 0	102,296	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Civil works contract 		10.00%	808,013		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	80,801	161,603	161,603	242,404	161,603	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Telecommunications 		10.00%	0		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Landscaping 		10.00%	1,080,899		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	1,080,899	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Miscellaneous		10.00%	1,509,004		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	1,509,004	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Contingency 		10.00%	558,878		- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	46,778	46,555	46,555	46,555	46,555	46,555	46,555	46,555	46,555	46,555	46,555	46,555	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Total Vat Cost			12,492,429		- 0	- 0	- 0	- 0	- 0	- 0				756,000	- 0	757,168	951,693	2,803,152	295,279	295,279	922,093	295,279	679,689	406,683	508,979	406,683	952,696	2,461,757	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		VAT Refunds - Construction		-2	12,492,429			- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	756,000	- 0	757,168	951,693	2,803,152	295,279	295,279	922,093	295,279	679,689	406,683	508,979	406,683	952,696	2,461,757	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		VAT Refunds - Beginning of Operation			0			- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
		Total VAT Refunds			12,492,429			- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	756,000	- 0	757,168	951,693	2,803,152	295,279	295,279	922,093	295,279	679,689	406,683	508,979	406,683	952,696	2,461,757	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					0
		Price per MW			0
		Semi annual mutiple					0.5	0.5	0.5	0.5	0.5	0.5	1	1	1	1	1	1	1.5	1.5	1.5	1.5	1.5	1.5	2	2	2	2	2	2	2.5	2.5	2.5	2.5	2.5	2.5	3	3	3	3	3	3	3.5	3.5	3.5	3.5	3.5	3.5	4	4	4	4	4	4	4.5	4.5	4.5	4.5	4.5	4.5	5	5	5	5	5	5	5.5	5.5	5.5	5.5	5.5	5.5	6	6	6	6	6	6	6.5	6.5	6.5	6.5	6.5	6.5	7	7	7	7	7	7	7.5	7.5	7.5	7.5	7.5	7.5	8	8	8	8	8	8	8.5	8.5	8.5	8.5	8.5	8.5	9	9	9	9	9	9	9.5	9.5	9.5	9.5	9.5	9.5	10	10	10	10	10	10
EBITDA
				Year						31-Aug-17	1-Feb-18	1-Aug-18	1-Feb-19	1-Aug-19	1-Feb-20	1-Aug-20	1-Feb-21	1-Aug-21	1-Feb-22	1-Aug-22	1-Feb-23	1-Aug-23	1-Feb-24	1-Aug-24	1-Feb-25	1-Aug-25	1-Feb-26	1-Aug-26	1-Feb-27	1-Aug-27	1-Feb-28	1-Aug-28	1-Feb-29	1-Aug-29	1-Feb-30	1-Aug-30	1-Feb-31	1-Aug-31	1-Feb-32	1-Aug-32	1-Feb-33	1-Aug-33	1-Feb-34	1-Aug-34	1-Feb-35	1-Aug-35	1-Feb-36	1-Aug-36	1-Feb-37	1-Aug-37	1-Feb-38	1-Aug-38	1-Feb-39	1-Aug-39	1-Feb-40	1-Aug-40	1-Feb-41	1-Aug-41	1-Feb-42	1-Aug-42	1-Feb-43	1-Aug-43	1-Feb-44	1-Aug-44	1-Feb-45	1-Aug-45	1-Feb-46	1-Aug-46	1-Feb-47
				Last day of Period			5.58%			31-Jan-18	31-Jul-18	31-Jan-19	31-Jul-19	31-Jan-20	31-Jul-20	31-Jan-21	31-Jul-21	31-Jan-22	31-Jul-22	31-Jan-23	31-Jul-23	31-Jan-24	31-Jul-24	31-Jan-25	31-Jul-25	31-Jan-26	31-Jul-26	31-Jan-27	31-Jul-27	31-Jan-28	31-Jul-28	31-Jan-29	31-Jul-29	31-Jan-30	31-Jul-30	31-Jan-31	31-Jul-31	31-Jan-32	31-Jul-32	31-Jan-33	31-Jul-33	31-Jan-34	31-Jul-34	31-Jan-35	31-Jul-35	31-Jan-36	31-Jul-36	31-Jan-37	31-Jul-37	31-Jan-38	31-Jul-38	31-Jan-39	31-Jul-39	31-Jan-40	31-Jul-40	31-Jan-41	31-Jul-41	31-Jan-42	31-Jul-42	31-Jan-43	31-Jul-43	31-Jan-44	31-Jul-44	31-Jan-45	31-Jul-45	31-Jan-46	31-Jul-46	31-Jan-47	31-Jul-47
				Period						1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32	33	34	35	36	37	38	39	40	41	42	43	44	45	46	47	48	49	50	51	52	53	54	55	56	57	58	59	60
	Section 1: Dates and Switches
					Operating Life Switch		31-Aug-17	30-Aug-37		TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					PPA Switch		31-Aug-17	30-Aug-37		TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Post PPA Switch		31-Aug-37	30-Aug-37		FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Start of inflation			1-Jan-15		FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Period for applying inflation			1-Jan-15		TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE
				Inflation Indicies
					Annual Cost Inflation Rate		Code	2		2.06%	2.10%	2.10%	2.14%	2.14%	2.19%	2.19%	2.23%	2.23%	2.28%	2.28%	2.32%	2.32%	2.37%	2.37%	2.42%	2.42%	2.46%	2.46%	2.51%	2.51%	2.56%	2.56%	2.62%	2.62%	2.67%	2.67%	2.72%	2.72%	2.78%	2.78%	2.83%	2.83%	2.89%	2.89%	2.95%	2.95%	3.01%	3.01%	3.07%	3.07%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%
					Periodic Inflation Rate					1.02%	1.05%	1.05%	1.07%	1.07%	1.09%	1.09%	1.11%	1.11%	1.13%	1.13%	1.15%	1.15%	1.18%	1.18%	1.20%	1.20%	1.22%	1.22%	1.25%	1.25%	1.27%	1.27%	1.30%	1.30%	1.33%	1.33%	1.35%	1.35%	1.38%	1.38%	1.41%	1.41%	1.43%	1.43%	1.46%	1.46%	1.49%	1.49%	1.52%	1.52%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%
					Inflation Index for Operating Costs				1.00	1.01	1.02	1.03	1.04	1.05	1.07	1.08	1.09	1.10	1.11	1.13	1.14	1.15	1.17	1.18	1.19	1.21	1.22	1.24	1.25	1.27	1.28	1.30	1.32	1.33	1.35	1.37	1.39	1.41	1.43	1.45	1.47	1.49	1.51	1.53	1.55	1.58	1.60	1.62	1.65	1.67	1.70	1.73	1.75	1.78	1.81	1.84	1.86	1.89	1.92	1.95	1.98	2.01	2.04	2.08	2.11	2.14	2.17	2.21	2.24
					Annual Inflation Rate Revenues			2		2.06%	2.10%	2.10%	2.14%	2.14%	2.19%	2.19%	2.23%	2.23%	2.28%	2.28%	2.32%	2.32%	2.37%	2.37%	2.42%	2.42%	2.46%	2.46%	2.51%	2.51%	2.56%	2.56%	2.62%	2.62%	2.67%	2.67%	2.72%	2.72%	2.78%	2.78%	2.83%	2.83%	2.89%	2.89%	2.95%	2.95%	3.01%	3.01%	3.07%	3.07%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%	3.13%
					Periodic Inflation Rate					1.02%	1.05%	1.05%	1.07%	1.07%	1.09%	1.09%	1.11%	1.11%	1.13%	1.13%	1.15%	1.15%	1.18%	1.18%	1.20%	1.20%	1.22%	1.22%	1.25%	1.25%	1.27%	1.27%	1.30%	1.30%	1.33%	1.33%	1.35%	1.35%	1.38%	1.38%	1.41%	1.41%	1.43%	1.43%	1.46%	1.46%	1.49%	1.49%	1.52%	1.52%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%	1.55%
					Inflation Index for Revenue				1.00	1.01	1.02	1.03	1.04	1.05	1.07	1.08	1.09	1.10	1.11	1.13	1.14	1.15	1.17	1.18	1.19	1.21	1.22	1.24	1.25	1.27	1.28	1.30	1.32	1.33	1.35	1.37	1.39	1.41	1.43	1.45	1.47	1.49	1.51	1.53	1.55	1.58	1.60	1.62	1.65	1.67	1.70	1.73	1.75	1.78	1.81	1.84	1.86	1.89	1.92	1.95	1.98	2.01	2.04	2.08	2.11	2.14	2.17	2.21	2.24
					Energy Output (P50 Case)		62,031	2,543,284		62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Energy Output (P75 Case)		59,824	2,452,775		59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Energy Output (P90 Case)		56,954	2,335,115		56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Energy Output (P99 Case)		54,746	2,244,606		54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				Output (mw/h)  years 1-15
					Scenario 1 (P50)					62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 2 (P75)					59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 3 (P90)					56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 4 (P99)					54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 1 (P50)	1	P50			62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Gross Total Energy - Refit 1					62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Gross Total Energy - Refit 2					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				Reduction in Output from Energy Constraints
					Constraint 50.4MW (Refit 1 or Gate 2)
					Constraints in P90 and P99 Case					2.00%	3.10%	3.10%	3.10%	3.10%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%
					Constraints in P50 and P75 Case					2.00%	3.15%	3.15%	3.15%	3.15%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%	3.65%
					Constraints Applied 	P50	1	2		2.00%	3.10%	3.10%	3.10%	3.10%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%	3.70%
					Constraint 50.4MW (Refit 1 or Gate 2)
					Constraints in P90 and P99 Case					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Constraints in P50 and P75 Case					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Constraints Applied in	P50	1	2		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Output (MWH)					60,791	60,108	60,108	60,108	60,108	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	59,736	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Hours in Period					3672	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320	4392	4344	4392	4320	4392	4320	4392	4320
					Capacity Factor	MW	50.4	27.3%		32.8%	27.6%	27.2%	27.6%	27.2%	27.3%	27.0%	27.4%	27.0%	27.4%	27.0%	27.4%	27.0%	27.3%	27.0%	27.4%	27.0%	27.4%	27.0%	27.4%	27.0%	27.3%	27.0%	27.4%	27.0%	27.4%	27.0%	27.4%	27.0%	27.3%	27.0%	27.4%	27.0%	27.4%	27.0%	27.4%	27.0%	27.3%	27.0%	27.4%	27.0%	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					TLAF trigger	Not in Output Calculation				0.00%	0.00%	0.00%	0.00%	0.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					TUoS trigger					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					TLAF	Not in Output Calculation				0.00%	0.00%	0.00%	0.00%	0.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
				Price during Operations calc's
					PPA Price			88.00		88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00	88.00
					Inflated Price					88.90	89.83	90.77	91.74	92.72	93.72	94.74	95.79	96.86	97.95	99.06	100.20	101.36	102.55	103.76	105.01	106.27	107.57	108.89	110.25	111.62	113.04	114.48	115.97	117.48	119.04	120.61	122.24	123.90	125.60	127.34	129.13	130.94	132.82	134.73	136.70	138.70	140.77	142.87	145.04	147.25	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price after Discount					68.77	68.48	69.19	72.03	72.80	74.42	75.23	77.54	78.40	79.97	80.88	83.13	84.09	87.21	88.24	90.38	91.47	93.40	94.55	96.46	97.66	99.10	100.37	103.21	104.55	107.62	109.04	111.40	112.90	116.35	117.95	122.84	124.57	128.98	130.83	136.66	138.66	143.84	145.99	153.58	155.92	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price after Discount					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price (DSCR PPA Price) years 1-15			1		88.90	89.83	90.77	91.74	92.72	93.72	94.74	95.79	96.86	97.95	99.06	100.20	101.36	102.55	103.76	105.01	106.27	107.57	108.89	110.25	111.62	113.04	114.48	115.97	117.48	119.04	120.61	122.24	123.90	125.60	127.34	129.13	130.94	132.82	134.73	136.70	138.70	140.77	142.87	145.04	147.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Supplier Payment for Compensation 			41.04		41	42	42	43	43	44	44	45	45	46	46	47	47	48	48	49	50	50	51	51	52	53	53	54	55	56	56	57	58	59	59	60	61	62	63	64	65	66	67	68	69	70	71	72	73	74	75	76	78	79	80	81	83	84	85	87	88	89	91	92
					Constraint Compensation			YES
					Revenue earned during operations	Simplify this Formula				5,514,694	5,572,336	5,630,581	5,690,612	5,751,283	5,697,550	5,759,510	5,823,395	5,887,989	5,954,606	6,021,975	6,091,469	6,161,765	6,234,292	6,307,673	6,383,401	6,460,039	6,539,145	6,619,220	6,701,894	6,785,601	6,872,045	6,959,590	7,050,020	7,070,209	7,163,910	7,258,852	7,356,972	7,456,419	7,559,220	7,663,438	7,771,200	7,880,478	7,993,501	8,108,146	8,226,753	8,347,094	8,471,630	8,598,024	8,728,859	8,861,685	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					LCOE	10%		106.91
					Real LCOE	8%		93.81
				Operating Expenses
					Service & availability switches
					Service availability - Phase 1					1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 2					0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 3					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 4					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 5					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0
					Maintenance & Services switches
					Maintenance & services - Phase I		31-Aug-17	30-Aug-20		TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Maintenance & services - Phase II		31-Aug-20	30-Aug-27		FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Maintenance & services - Phase III		31-Aug-27	30-Aug-37		FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	TRUE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Rent Trigger years 1-5					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Rent Trigger years 6-10					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Rent Trigger post year 10					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Rent Trigger					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					TUoS charge			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				Service & Availability
					Service availability - Phase 1			5,321,160		513,850	513,393	518,760	524,290	529,880	532,326	538,115	544,084	550,119	556,343	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 2			7,093,066		0	0	0	0	0	0	0	0	0	0	672,445	680,205	688,054	696,153	704,347	712,803	721,361	730,194	739,136	748,368	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 3			9,644,640		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	909,258	920,841	932,572	944,690	956,965	969,647	982,498	995,778	1,009,239	1,023,153	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 4			11,070,294		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,037,259	1,051,845	1,066,636	1,081,934	1,097,451	1,113,505	1,129,793	1,146,649	1,163,757	1,181,466	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Service availability - Phase 5			1,199,444		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,199,444	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Total Service availabity			34,328,603		513,850	513,393	518,760	524,290	529,880	532,326	538,115	544,084	550,119	556,343	672,445	680,205	688,054	696,153	704,347	712,803	721,361	730,194	739,136	748,368	909,258	920,841	932,572	944,690	956,965	969,647	982,498	995,778	1,009,239	1,023,153	1,037,259	1,051,845	1,066,636	1,081,934	1,097,451	1,113,505	1,129,793	1,146,649	1,163,757	1,181,466	1,199,444	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				Maintenance & Services 
					Maintenance & services - Phase I			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Maintenance & services - Phase II			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Maintenance & services - Phase III			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Total Maintenance & Service			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Rent			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					BOP Maintenance 			7,187,146		0	0	0	0	0	107,357	162,786	164,592	166,418	168,300	170,205	172,169	174,155	176,205	178,279	180,420	182,586	184,822	187,085	189,422	191,788	194,231	196,705	199,261	201,850	204,525	207,236	210,037	212,876	215,811	218,787	221,863	224,983	228,210	231,483	234,869	238,304	241,860	245,468	249,204	252,996	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Metering and Electrical input charge			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Insurance			2,395,715		0	0	0	0	0	35,786	54,262	54,864	55,473	56,100	56,735	57,390	58,052	58,735	59,426	60,140	60,862	61,607	62,362	63,141	63,929	64,744	65,568	66,420	67,283	68,175	69,079	70,012	70,959	71,937	72,929	73,954	74,994	76,070	77,161	78,290	79,435	80,620	81,823	83,068	84,332	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Bank agency fees			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Business rates			7,905,861		0	0	0	0	0	118,092	179,065	181,051	183,059	185,130	187,225	189,386	191,571	193,826	196,107	198,462	200,844	203,304	205,793	208,364	210,966	213,654	216,376	219,187	222,035	224,978	227,959	231,041	234,164	237,392	240,665	244,049	247,481	251,031	254,631	258,356	262,135	266,046	270,015	274,124	278,295	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					SPV O&M cost			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Consultant fees			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Other			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Tax, Audit & Accounting			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Contingency			686,372		0	0	0	0	0	10,253	15,546	15,719	15,893	16,073	16,255	16,442	16,632	16,828	17,026	17,230	17,437	17,650	17,867	18,090	18,316	18,549	18,785	19,029	19,277	19,532	19,791	20,059	20,330	20,610	20,894	21,188	21,486	21,794	22,107	22,430	22,758	23,098	23,442	23,799	24,161	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Line O & M			5,390,359		0	0	0	0	0	80,517	122,090	123,444	124,813	126,225	127,653	129,126	130,617	132,154	133,710	135,315	136,939	138,616	140,314	142,066	143,841	145,673	147,529	149,446	151,388	153,394	155,427	157,528	159,657	161,858	164,090	166,397	168,737	171,157	173,612	176,152	178,728	181,395	184,101	186,903	189,747	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Miscellaneous			1,197,858		0	0	0	0	0	17,893	27,131	27,432	27,736	28,050	28,367	28,695	29,026	29,368	29,713	30,070	30,431	30,804	31,181	31,570	31,965	32,372	32,784	33,210	33,642	34,088	34,539	35,006	35,479	35,969	36,464	36,977	37,497	38,035	38,580	39,145	39,717	40,310	40,911	41,534	42,166	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				MRA calc's
					MRA required balance inflated			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					MRA built up over 2 years			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					MRA target balance			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				Operating Expense Summary
					Service & Availability					513,850.39	513,393.41	518,759.66	524,290.45	529,880.21	532,325.86	538,114.78	544,083.64	550,118.72	556,342.71	672,444.60	680,204.62	688,054.18	696,152.98	704,347.10	712,803.28	721,360.99	730,194.41	739,135.99	748,367.80	909,257.89	920,841.23	932,572.14	944,689.62	956,964.54	969,647.09	982,497.72	995,778.43	1,009,238.66	1,023,152.95	1,037,259.08	1,051,844.86	1,066,635.75	1,081,933.67	1,097,451.00	1,113,504.63	1,129,793.09	1,146,649.19	1,163,756.76	1,181,465.53	1,199,443.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Maintenance & Services					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Rent					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					BOP Maintenance 					0.00	0.00	0.00	0.00	0.00	107,356.66	162,786.20	164,591.86	166,417.54	168,300.37	170,204.50	172,168.67	174,155.49	176,205.40	178,279.44	180,419.81	182,585.88	184,821.73	187,084.96	189,421.66	191,787.53	194,230.78	196,705.15	199,261.06	201,850.18	204,525.28	207,235.83	210,037.10	212,876.23	215,811.14	218,786.51	221,863.05	224,982.86	228,209.61	231,482.64	234,868.79	238,304.48	241,859.89	245,468.35	249,203.62	252,995.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Metering and Electrical input charge					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Insurance					0.00	0.00	0.00	0.00	0.00	35,785.55	54,262.07	54,863.95	55,472.51	56,100.12	56,734.83	57,389.56	58,051.83	58,735.13	59,426.48	60,139.94	60,861.96	61,607.24	62,361.65	63,140.55	63,929.18	64,743.59	65,568.38	66,420.35	67,283.39	68,175.09	69,078.61	70,012.37	70,958.74	71,937.05	72,928.84	73,954.35	74,994.29	76,069.87	77,160.88	78,289.60	79,434.83	80,619.96	81,822.78	83,067.87	84,331.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Bank agency fees					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Business rates					0.00	0.00	0.00	0.00	0.00	118,092.32	179,064.82	181,051.04	183,059.29	185,130.41	187,224.96	189,385.53	191,571.04	193,825.94	196,107.39	198,461.79	200,844.47	203,303.91	205,793.46	208,363.82	210,966.28	213,653.86	216,375.66	219,187.16	222,035.20	224,977.80	227,959.41	231,040.81	234,163.85	237,392.25	240,665.16	244,049.36	247,481.14	251,030.57	254,630.91	258,355.67	262,134.93	266,045.88	270,015.19	274,123.98	278,295.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					SPV O&M cost					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					SPV overheads					0	0	0	0	0	10,253	15,546	15,719	15,893	16,073	16,255	16,442	16,632	16,828	17,026	17,230	17,437	17,650	17,867	18,090	18,316	18,549	18,785	19,029	19,277	19,532	19,791	20,059	20,330	20,610	20,894	21,188	21,486	21,794	22,107	22,430	22,758	23,098	23,442	23,799	24,161	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Line O & M					0	0	0	0	0	80,517	122,090	123,444	124,813	126,225	127,653	129,126	130,617	132,154	133,710	135,315	136,939	138,616	140,314	142,066	143,841	145,673	147,529	149,446	151,388	153,394	155,427	157,528	159,657	161,858	164,090	166,397	168,737	171,157	173,612	176,152	178,728	181,395	184,101	186,903	189,747	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					TUoS charge					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Miscellaneous					0	0	0	0	0	17,893	27,131	27,432	27,736	28,050	28,367	28,695	29,026	29,368	29,713	30,070	30,431	30,804	31,181	31,570	31,965	32,372	32,784	33,210	33,642	34,088	34,539	35,006	35,479	35,969	36,464	36,977	37,497	38,035	38,580	39,145	39,717	40,310	40,911	41,534	42,166	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Total Opex					513,850.39	513,393.41	518,759.66	524,290.45	529,880.21	902,223.21	1,098,994.63	1,111,184.88	1,123,510.35	1,136,221.63	1,258,884.22	1,273,411.75	1,288,106.93	1,303,268.69	1,318,608.92	1,334,439.75	1,350,460.64	1,366,997.69	1,383,737.23	1,401,020.11	1,570,061.83	1,590,063.38	1,610,319.74	1,631,243.60	1,652,439.33	1,674,338.93	1,696,528.77	1,719,461.25	1,742,703.71	1,766,730.23	1,791,087.99	1,816,274.01	1,841,814.19	1,868,229.89	1,895,024.44	1,922,745.06	1,950,871.18	1,979,977.45	2,009,517.98	2,040,096.60	2,071,140.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Op Exp per MWH	4%	362.28 €	40	17.03 €	8.37	8.37	8.37	8.37	8.37	14.18	17.09	17.09	17.09	17.09	18.72	18.72	18.72	18.72	18.72	18.72	18.72	18.72	18.72	18.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	20.72	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Op Exp per kW/Yr	4%	860	50400	40.40 €	20.18	19.96	19.96	19.96	19.96	33.62	40.51	40.51	40.51	40.51	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	44.38	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	49.12	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Market Price	4%	1,619.03 €	40	76.09 €	68.07	67.08	67.08	69.10	69.10	69.87	69.87	71.23	71.23	71.85	71.85	73.01	73.01	74.83	74.83	75.74	75.74	76.41	76.41	77.00	77.00	77.15	77.15	78.32	78.32	79.56	79.56	80.19	80.19	81.52	81.52	83.72	83.72	85.46	85.46	87.98	87.98	89.92	89.92	93.18	93.18	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE	FALSE
					Project EBITDA					5,000,844	5,058,943	5,111,822	5,166,322	5,221,403	4,795,327	4,660,515	4,712,210	4,764,479	4,818,384	4,763,091	4,818,057	4,873,658	4,931,023	4,989,064	5,048,962	5,109,578	5,172,147	5,235,483	5,300,874	5,215,539	5,281,981	5,349,270	5,418,777	5,417,770	5,489,571	5,562,324	5,637,511	5,713,715	5,792,490	5,872,350	5,954,926	6,038,664	6,125,271	6,213,121	6,304,008	6,396,223	6,491,652	6,588,506	6,688,762	6,790,544	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Debtors					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Creditors					0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
					Level of Debtors					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Level of Creditors					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Working Capital					0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Working Capital Change						0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Working Capital Investment						0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
						- 0
						21.00%
					Operating Factor		8/31/17	8/30/37		0	0	0	0	0	0.6666666667	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0.3333333333	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					% PPA Trigger					0	0	0	0	0	0.6666666667	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0.3333333333	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					% SEM Trigger					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.6666666667	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P50 yrs 1-15)			2,543,284		62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	62,031	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P50 yrs 16-20)			0
					Output ( P75 yrs 1-15)			2,133,715		0	0	0	0	0	39,883	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	59,824	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P75 yrs 16-20)			0
					Output ( P90 yrs 1-15)			2,335,115		56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	56,954	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P90 yrs 16-20)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P99 yrs 1-15)			2,244,606		54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	54,746	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P99 yrs 16-20)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				Refit 2
					Output (P50)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output (P75)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output (P90)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output (P99)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P50 yrs 1-15)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P50 yrs 16-20)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P75 yrs 1-15)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P75 yrs 16-20)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P90 yrs 1-15)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P90 yrs 16-20)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P99 yrs 1-15)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Output ( P99 yrs 16-20)			0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				50.4MW (Refit 1)
				Output (mw/h) post year 15
					Scenario 1 (P50)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 2 (P75)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 3 (P90)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 4 (P99)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 1 (P50)	1	P50			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				0MW (Refit 2)
					Output (mw/h)  years 1-15
					Scenario 1 (P50)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 2 (P75)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 3 (P90)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 4 (P99)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 1 (P50)	1	P50			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
				0MW (Refit 2)
					Output (mw/h) post year 15
					Scenario 1 (P50)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 2 (P75)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 3 (P90)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 4 (P99)					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Scenario 1 (P50)	1	P50			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
					Refit 2			0.00		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Bonus for Refit 1			0%		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Bonus for Refit 2			14%		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
					Refit 2					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Bonus for 46MW					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Bonus for 8MW					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price (Floor price) for REFIT 1					88.90	89.83	90.77	91.74	92.72	93.72	94.74	95.79	96.86	97.95	99.06	100.20	101.36	102.55	103.76	105.01	106.27	107.57	108.89	110.25	111.62	113.04	114.48	115.97	117.48	119.04	120.61	122.24	123.90	125.60	127.34	129.13	130.94	132.82	134.73	136.70	138.70	140.77	142.87	145.04	147.25	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price (Floor price) for REFIT 2					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price (DSCR PPA Price) years 1-15 Refit 1					88.90	89.83	90.77	91.74	92.72	93.72	94.74	95.79	96.86	97.95	99.06	100.20	101.36	102.55	103.76	105.01	106.27	107.57	108.89	110.25	111.62	113.04	114.48	115.97	117.48	119.04	120.61	122.24	123.90	125.60	127.34	129.13	130.94	132.82	134.73	136.70	138.70	140.77	142.87	145.04	147.25	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Price (DSCR PPA Price) years 1-15 Refit 2					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Low SMP (€/mwh)					55.30	54.41	54.41	56.21	56.21	56.66	56.66	57.69	57.69	58.13	58.13	59.29	59.29	60.92	60.92	61.66	61.66	62.44	62.44	62.92	62.92	63.05	63.05	64.02	64.02	65.04	65.04	65.61	65.61	66.80	66.80	68.79	68.79	70.35	70.35	72.62	72.62	74.37	74.37	77.30	77.30	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53	88.53
					Central SMP (€/mwh)					61.44	60.45	60.45	62.45	62.45	62.96	62.96	64.10	64.10	64.59	64.59	65.88	65.88	67.69	67.69	68.51	68.51	69.38	69.38	69.91	69.91	70.05	70.05	71.13	71.13	72.27	72.27	72.91	72.91	74.23	74.23	76.43	76.43	78.17	78.17	80.69	80.69	82.63	82.63	85.89	85.89	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36
					High SMP (€/mwh)					67.59	66.50	66.50	68.70	68.70	69.25	69.25	70.51	70.51	71.05	71.05	72.47	72.47	74.45	74.45	75.36	75.36	76.32	76.32	76.91	76.91	77.06	77.06	78.24	78.24	79.50	79.50	80.20	80.20	81.65	81.65	84.07	84.07	85.98	85.98	88.76	88.76	90.90	90.90	94.48	94.48	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20	108.20
					Low Capacity (€/mwh)					- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0	- 0
					Central Capacity (€/mwh)					6.63	6.63	6.63	6.65	6.65	6.92	6.92	7.13	7.13	7.26	7.26	7.13	7.13	7.15	7.15	7.23	7.23	7.03	7.03	7.08	7.08	7.10	7.10	7.19	7.19	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29
					High Capacity (€/mwh)					7.29	7.29	7.29	7.31	7.31	7.61	7.61	7.84	7.84	7.98	7.98	7.84	7.84	7.86	7.86	7.95	7.95	7.73	7.73	7.79	7.79	7.81	7.81	7.90	7.90	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02	8.02
					Selected SMP		2	Central		61.44	60.45	60.45	62.45	62.45	62.96	62.96	64.10	64.10	64.59	64.59	65.88	65.88	67.69	67.69	68.51	68.51	69.38	69.38	69.91	69.91	70.05	70.05	71.13	71.13	72.27	72.27	72.91	72.91	74.23	74.23	76.43	76.43	78.17	78.17	80.69	80.69	82.63	82.63	85.89	85.89	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36	98.36
					Selected Capacity	80%	2	Central		6.63	6.63	6.63	6.65	6.65	6.92	6.92	7.13	7.13	7.26	7.26	7.13	7.13	7.15	7.15	7.23	7.23	7.03	7.03	7.08	7.08	7.10	7.10	7.19	7.19	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29	7.29
					Revenue Inflation Index					1.01	1.02	1.03	1.04	1.05	1.07	1.08	1.09	1.10	1.11	1.13	1.14	1.15	1.17	1.18	1.19	1.21	1.22	1.24	1.25	1.27	1.28	1.30	1.32	1.33	1.35	1.37	1.39	1.41	1.43	1.45	1.47	1.49	1.51	1.53	1.55	1.58	1.60	1.62	1.65	1.67	1.70	1.73	1.75	1.78	1.81	1.84	1.86	1.89	1.92	1.95	1.98	2.01	2.04	2.08	2.11	2.14	2.17	2.21	2.24
					Inflated Price (SEM) before discount					68.77	68.48	69.19	72.03	72.80	74.42	75.23	77.54	78.40	79.97	80.88	83.13	84.09	87.21	88.24	90.38	91.47	93.40	94.55	96.46	97.66	99.10	100.37	103.21	104.55	107.62	109.04	111.40	112.90	116.35	117.95	122.84	124.57	128.98	130.83	136.66	138.66	143.84	145.99	153.58	155.

Purpose Using the skills and tools developed in class, create a financial model of the wind farm that has served as our case study. Review the homework assignments regarding the Power Purchase...

Answer To: Purpose Using the skills and tools developed in class, create a financial model of the wind farm...

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