1 MW ground-mounted operational solar power plant(CP-GAMKG-216) Business Overview - The business is a 1 MW ground-mounted operational solar power plant - The power plant is contracted to supply electricity to CEB (Ceylon Electricity Board) for another 18 years, with a daily energy output of 4,000 KW. - The land area occupied by the power plant spans 6 acres. - The business generates revenue by selling the electricity it produces to CEB at a tariff of LKR 15.95/unit. -The business generates an average monthly revenue of approximately LKR 2 million. - The maintenance of the power plant for a monthly fee of LKR 180,000. - The business is fully compliant with all necessary certificates and licenses. - The location provides strategic positioning for solar power generation, tapping into the region's renewable energy potential. - The high valuation of the business is due to the revenue stream being underpinned by a long-term contract with CEB, offering stability and predictability in its income. Products & Services Overview The business sells the power it generates from the solar power plant to CEB (Ceylon Electricity Board) directly. Assets Overview The tangible assets of the business are. - 6 acres of land worth LKR 10 million. - Solar panels worth LKR 64 million. - Inverters, switchgear, transformers, and insulations worth LKR 39 million. - Wiring cost of LKR 20 million. - 33 Kv gridline worth LKR 20 million. Facilities Overview 6 acre Land Capitalization Overview The business has a loan of LKR 130 million outstanding at AWPLR+1.6% interest. - The business has 4 directors with equity of LKR 80 million. Asking Price Sale Price: LKR 250 million (excluding the outstanding loan). As the existing loan is held under the company, the purchaser may have the option to continue servicing the loan. In such a case, the sale price can be negotiated and adjusted accordingly.