Hayleys Somerset & Upper Neluwa & Palmerston SHPPs

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Hayleys Industrial Solutions Ltd. was developing the 1.1MW Somerset, the 2.55MW Upper Neluwa and the 0.8MW Palmerston mini hydropower plants. The projects were located as follows: Somerset: Nuwara Eliya District, Central Province Upper Neluwa: Galle District, Southern Province Palmerston: Nuwara Eliya District, Central Province The projects use a Francis turbine. Project life was expected to be 25 years. The first crediting period (CDM) was June 2009. The environmental approvals were received in September 2006 (Somerset), August 2004 (Upper Neluwa), June 2007 (Palmerston). Total cost were as follows: Somerset: LKR 112 million debt (65%), LKR 61.3 million equity (35%) Upper Neluwa: LKR 308 million debt (70%), LKR 273.7 million equity (30%) Palmerston: LKR 132.3 million debt (70%), LKR 56.7 million equity (30%) Financial closure date was ESTIMATED at June 2009 (first CDM crediting date). Total cost was LKR 552 million (debt, US$4.3 million) and LKR 391.7 million (equity, US$3 million). LKR 943.7 million Total (US$7.33 million). The coordinates were as follows: Somerset: E80o 43’ 16” N6o 55’ 56” Upper Neluwa: E80o 21’ 12” N6o 22’ 37” Palmerston: E80o 40’ 11” N6o 56’ 46” http://cdm.unfccc.int/filestorage/1/Z/E/1ZE48NXQHLMUIAWBTP5J2FOYC6SV3G/Hayleys%20PDD.pdf?t=SWl8bWV4dDZkfDA28lhajcYfRaMnCy4Kay4L