SAEMS Wewelwatta 1 & 2 SHPPs

active

Prospective

South Asia Energy Management Systems, from California (USA) - and registered in the Netherlands as SAEMS Capital B.V., was developing the 4.8MW and 3.2MW Wewelwatta 1 & 2 small hydropower plants, in Wewelwatta City, Ratnapura District, Sabaragamuwa Province. The project used two Pelton Turbines vertical shaft (Plant 1) and two Francis turbines horizontal shaft (plant 2), and was expected to generate 13.7GWh and 9.3GWh annually. The project company was Upcountry Power Supply International Ltd. The project fed of the Bambarabotuwa River. Output was to be supplied to the national grid (Ceylon Electricity Board). Expected project life was 22 years. Expected tariff was Rs 5.75/kWh. The PPA was signed in March 2008. The EPC contract signed in November 2007 (plant 1) and July 2008 (plant 2). Construction started in November 2007 (plant 1) and March 2012 (plant 2). The project commissioned in July 2012 (plant 1) and May 2013 (plant 2). Total cost was expected to be US$6.79 million and US$4.53 million, total US$11.3 million. The investment decision was made in October 2006. Financial closure was reported at September 2008 (25% rule). The debt/equity ratio was expected to be 65/35. IRR was 13.19% without CDM and 16.16% with CDM (expected). The coordinates of the project are: Latitude 6° 40’59.88” N / Longitude 80° 35’00.00” E (plant 1) Latitude 6° 39’59.76” N / Longitude 80° 34’59.88” E (plant 2) https://cdm.unfccc.int/filestorage/5/p/QZ8VI1HKCEW3OJP90L4RMFDAB5NUXS.pdf/PDD%20Ver%204.1%20-%2008%20Nov%2012.pdf?t=ZnJ8bWV4Zjk2fDBgx07wZPIpWPxTDtMvgQrM

Energy

World Bank Group

Project

Hydro, Wind, Power Generation (CCGT), Government, Commercial