OA Proposal - Alok 8MW

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VEFES ENGINEERING PRIVATE LIMITED

CIN: U40100MH2020PTC347160

Date: 18-12-2024

To,
M/S ALOK INGOTS (MUMBAI) (P) LTD.
GUT NO.95/3 VILLAGE VIJAPUR
Kone - 421303

Subject: 8 MW Solar Open Access proposal.

Dear Sir,
Greetings from VEFES Engineering Private Limited. We thank you for providing us an opportunity to
introduce ourselves and present our proposal. Based on our understanding of your requirement, we
propose the following:
Particulars Third Party
Initial Investment Zero
Energy Rates per Unit Rs. 3.80/-
PPA Tenure 20 Years

As per your given electricity bill for August 2023, your total charges from Discom (Mahavitaran) are Rs.
130,61,701/-. Based on the above factors, following is a comparison of the offer by us against your
existing bill amount:
Rate
Current 3rd Party
per Unit

Total Energy Consumption 12,35,340 12,35,340


Energy from Solar 9,00,000

(I) Proposed Energy Rates 8.12 3.80


Energy Charges 1,00,30,961 34,20,000

(II) Other Charges from Discom


Cross Subsidy Surcharge ₹ 0.00 -
Transmission Charges ₹ 0.96 8,64,000
Wheeling Charges ₹ 0.60 5,40,000
Tax on Sale of Energy (TOSE) ₹ 0.18 1,62,000

Operating Charges 29,830
29,830
MSEDCL Wheeling Charges ₹ 0.00 -
Drawal Energy Charges ₹ 0.16 1,44,000
Total ₹ 1.90 17,39,830

(III) Discom Bill for Post Solar Hours


Energy Charges 27,22,961
TOD Tariff EC -4,43,331 -97,020
FAC - -
Wheeling Charges 7,41,204 2,01,204

Corp. Office: 604, Lodha Supremus, Saki Vihar Road, Powai, Mumbai - 400 072
Reg. Office: A/1201, Mayfair Symphony Springs, Veer Savarkar Road, Vikhroli (West), Mumbai - 400 079
Phone: (+91) 22 4972 5884, 4002 5529 | Email: info@vefes.in | Website: http://vefes.in/
VEFES ENGINEERING PRIVATE LIMITED
CIN: U40100MH2020PTC347160

Demand Charges 17,79,434 17,79,434


Electricity Duty 9,08,120 9,08,120
Tax on Sale of Energy (TOSE) 2,22,361 60,361
Rebates & Other Adjustments -1,77,048 -1,77,048
Total 30,30,740 53,98,012

Net Cost of Electricity 1,30,61,701 1,05,57,842

Electricity Duty Rebate for Solar Units - -5,62,627


Net Effective Cost of Electricity after ED Rebate 1,30,61,701 99,95,215

Effective Rate per Solar Unit 5.73


Monthly Savings 30,66,486
Annual Savings 3,67,97,828

Savings from Year 1 to -


Savings from Year 1 to 20 73,59,56,562
Total Savings 73,59,56,562

Note:
1. The cost towards liaising and applications with government bodies will over and above the cost
of project and will be charged as per actuals.
2. On successful commissioning of the solar power plant, an application will try for exemption of
Electricity Duty that will be submitted to Maharashtra Energy Development Agency (MEDA). The
savings mentioned above has considered the exemptions on Electricity Duty.
We hope we have worked out the best solar power solution offer meeting your requirement. Looking
forward to providing you with the best of our services.

Thank you.
For VEFES Engineering Private Limited

Kaustubh Vagal
Managing Director & CEO

Corp. Office: 604, Lodha Supremus, Saki Vihar Road, Powai, Mumbai - 400 072
Reg. Office: A/1201, Mayfair Symphony Springs, Veer Savarkar Road, Vikhroli (West), Mumbai - 400 079
Phone: (+91) 22 4972 5884, 4002 5529 | Email: info@vefes.in | Website: http://vefes.in/

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