SENOK Mampuri 2 & 3 Wind Farms

Active

Senok Wind Power Pvt. Ltd., subsidiary of Senok Group, was planning the development of the 10MW Mapuri 2 and 10MW Mapuri 3 Wind Farms. Senok group uses three SPVs for their wind farms: Mampuri 1: Senok Wind Power Pvt. Ltd (WPP) Mampuri 2: Senok Wind Energy Pvt. Ltd. (WEP) Mampuri 3: Senok Wind Resource Pvt. Ltd. (WRP) Both Mamprui 2 & 3 involve the construction of 5 turbines of 2.1 MW. Mampuri 2 was to be build on the coastal stretch in Nawakkadu village. Mampuri 3 was to be build on the coastal stretch in Narakkali, Mamprui and Nawakkadu villages. Project was recorded here as under development as no details about financial closure were available. The FC date reported is the date of IFC equity stake. The project also involves the construction of a transformer switchyard and park power line. Other facilities are shared with the operational Mapuri 1. The output was to be transmissioned to the Norochcholai 220kV substation. Electricity price was Rs.20.80 ($0.2292). The project held a Standard PPA with the Ceylon Electricity Board for 20 years. Commissioning of Mapuri 2 was expected for late 2011. The equipment supply contract was awarded to Suzlon, from India, supplying 10 turbines of the type S88 2.1 MW each. The contract was awarded in October 2011. The availability factor was 95% and the utilization factor 29.75% (wind measurements). Senok received an equity investment from the IFC in May 2011 of $3.8 million.Total project cost for Mapuri 2 & 3 was estimated by IFC at $46 million. The project applied for UNFCCC CDM financing for levels one and two. Wind Farm 2: CDM documentation reports KLR 2,932 million, of which LKR 1620 million in debt and LKR 180 million in equtiy (60:40). Expected interest rate on debt was 16.89% The coordinates of the wind turbines (wind farm 2) are: WTG1 N 7° 58’ 33.3” E 79° 43’ 53.5” WTG2 N 7° 58’ 23.3” E 79° 43’ 56.6” WTG3 N 7° 58’ 07.0” E 79° 44’ 01.9” WTG4 N 7° 58’ 52.35” E 79° 44’ 23.31” WTG5 N 7° 59’ 04.4” E 79° 44’ 15.3” www.senoksl.com http://www.ifc.org/ifcext/spiwebsite1.nsf/0/C834208AAA7BFC7D85257856005FCC5F http://www.greenon.lk/?p=59 http://www.lankabusinessonline.com/fullstory.php?nid=1223352553 http://ifcext.ifc.org/ifcext/southasia.nsf/content/SelectedPRIndia?OpenDocument&UNID=D73A7B961628F0D8852578AA005AD1E9 The Press Trust of India Limited: Suzlon Bags order from Sri Lankan Co (11 October 2011). http://cdm.unfccc.int/filestorage/2/x/WM2EKRAZ05SD3IQ8HBC9YFXUJO7T4L.pdf/PDD.pdf?t=VUN8bWV4b3A0fDAjTVs0QqEm0twE34KA7myn