Indian Solar Project Jan2010

EVERSHINE WIND TECHNOLOGIES PVT. LTD 4260 COLDEN ST STE 1A

ALPHA OMEGA SCIENCE & WIND FLUSHING NY 11355-4860

TECHNOLOGIES PVT. LTD. 7186971099; 2536809963

SJK AIR POWER PRIVATE LIMITED FAX: 7183211251

[email protected]

INDIA

MANUFACTURING-INTEGRATED

PHOTOVOLTAIC ENERGY PROGRAM

100 MW PHOTOVOLTAIC SOLAR POWER PLANT

+200MW THIN-FILM SOLAR PANEL FACTORY

January 2010

“INDIAN PV SOLAR” PROJECT:

100MW SOLAR POWER PLANT +200MW THIN-FILM SOLAR PANEL FACTORY

INTRODUCTION

MARKET OPPORTUNITY: AMBICIOUS INDIAN SOLAR MISSION

GOLDEN INVESTMENT OPPORTUNITY: THREE INDIAN GOVERNMENT APPROVED SOLAR PROJECTS

SITE LOCATIONS AND LAND

FOREIGN INVESTMENT POLICY OF INDIA

TRADITIONAL SOLAR PANEL TECHNOLOGY

AMELIO THIN-FILMSOLAR PANEL TECHNOLOGY

AMELIO SOLAR PHOTOVOLTAIC POWER SOLUTIONS

INDIAN PARTIES’ RESPONSIBILITY

FOREIGN PARTNERS’ RESPONSIBILITY

EXTENDED DEVELOPMENT PUMPED HYDRO-ELECTRIC ENERGY STORAGE

INVESTMENT PARTNER INVITATION

Q& A

INTRODUCTION

FGMI is pleased to present this initial Prospectus to deploy a One Hundred

Megawatt (100MW) Thin-Film Photovoltaic Module (Solar Panel) Factory and

associated Two Hundred Megawatt (200MW) Photovoltaic Power Plant in India,

partnership with SJK Air Power Private Limited Venture, Alpha Omega Science &

Wind Technologies Pvt. Ltd. and/or Evershine Wind Technologies Pvt. Ltd. (the

―India PV Partners‖).

India is ideally positioned to exploit solar power to help meet escalating

energy demand domestically and in other countries in the region. India’s

bountiful sunlight (in some areas, as much as 2,200 hours per year), industrial

infrastructure, strong academic and technical resources, economic growth

requirements and increasing attention to environmental issues make the

country an ideal host for a photovoltaic energy program of the scale and quality

proposed here.

Moreover, three incorporated companies respectively applied and were

approved 100MG Solar Power Plant and 200 MG Thin-film Solar Panels

Manufactory Plant by the Ministry of Commerce and Industry of Indian

Government. The Approval Certificate can be also regarded as government

power purchase agreement.

MARKET OPPORTUNITY:

AMBITIOUS INDIAN SOLAR MISSION

To deploy 20 GW of solar power by 2022

To ramp up capacity of grid-connected solar power generation to

1000 MW within three years – by 2013

The mandatory use of the renewable purchase obligation by

utilities backed with a preferential tariff·

To create favorable conditions for solar manufacturing capability,

particularly solar thermal for indigenous production and market

leadership.

To reach 1000 MW off-grid program by 2017 and 2000 MW by

2022 .

· To achieve 15 million sq. meters solar thermal collector area by

2017 and 20 million by 2022

To deploy 20 million solar lighting systems for rural areas by 2022.

MARKET OPPORTUNITY:

AMBITIOUS INDIAN SOLAR MISSION

To implement Renewable Purchase Obligation (RPO) mandated for

power utilities, with a specific solar component as the key driver for

promoting solar power

A key opportunity for solar power lies in decentralized and off-grid

applications. The Government has promoted the use of

decentralized applications through financial incentives and

promotional schemes to solve the problem of the high-end initial

costs in these applications

The Mission also encourage rooftop solar PV and other small solar

power plants, connected to LT/11 KV grid, to replace conventional

power and diesel-based generators.

MARKET OPPORTUNITY: AMBITIOUS INDIAN SOLAR MISSION

Indian federal government is proposed to provide a soft re-finance facility through Indian Renewable Energy Development Agency (IREDA) for which Government will provide budgetary support.

The Central Electricity Regulatory Commission has also stipulated that Power Purchase Agreement that utilities will conclude with Solar power promoters, should be for a period of 25 years.

Custom duties and excise duties concessions/exemptions be made available on specific capital equipment, critical materials, components and project imports.

GOLDEN INVESTMENT OPPORTUNITY: THREE

INDIAN GOVERNMENT APPROVED PROJECTS

Evershine Wind Technologies Pvt. Ltd. &

Alpha Omega Science & Wind Technologies Pvt. Ltd.

SJK Air Power Private Limited

The three incorporated companies respectively applied

and were approved 100MG Solar Power Plant and 200

MG Thin-film Solar Panels Manufactory Plant by the

Ministry of Commerce and Industry of Indian Government

The total scale of three solar projects can be up-scaled to

10,000MW power plant production capacity in total

The Approval Certificate of the projects mentioned above

can be also regarded as government power purchase

agreement. Thus this project can be also regarded as the

semi-government project

GOLDEN INVESTMENT OPPORTUNITY: THREE

INDIAN GOVERNMENT APPROVED PROJECTS

Evershine Wind Technologies Pvt. Ltd. &

Alpha Omega Science & Wind Technologies Pvt. Ltd. &


These three companies are also got approval from the

local (Tamilnadu) Energy Development Agency, local

Electricity Board, local government, State Ministry of

Non-Conventional Energy Source, State Ministry for

Urban Development, Ministry for New and Renewable

Energy of India, Ministry of Finance and Economic

Affairs, Ministry of Electricity , Ministry for Rural

Development, etc.

SITES LOCATIONS AND LAND

Evershine Wind Technologies Pvt. Ltd.,

A company organized, operating and in good standing under the laws of the Country of India, with its principal offices currently located at No. 6 Ariyur Railway Gate Thoripadi, Vellore 632-002 Tamilnadu State, India;

The company owns 198 acre and 30 acre leased land

There are totally over 200 acre land available.

located at 30 km away from Tirunellvelli city & 45 km away from ocean

SITES LOCATIONS AND LAND


Alpha Omega Science & Wind Technologies Pvt. Ltd.

a company organized, operating and in good standing under the laws of the Government of India, with its principal offices currently located at No: 109 D, Bazaar Road Uthiramerur - 603 406 Kanchipuram, Tamil nadu state, India;

we own land at same town 30 km away from town Uthiramerur site location is on side by highway between Chennai city and Podicherry city.

50 acre land company's own, 50 acre we have lease land i.e. 100 acre land in total available



a company organized, operated in good standard under the laws of the government of India, with its principal offices currently located at No. 4 Sundara Rao Naidupuram Erukkencherry High Road Vysarpadi, Chennia 600039 Tamilnadu State, India located at Naidu pet at Andira pradesh around 80 km from Chennai city

We own 47 acre and 50 acre of land we lease ,i.e. ( There is 97 acre in total)

More lands are available if we need


Apart from the land mentioned above we have

additional 100 acre of land available at Anmod, 40

km away from Goa on the Pune and Goa Highway

At present we do not have any our own factory

building for three these companies,

But Government-own factory facilities with low rate

are available in our company located areas for

rent or leased as beginning until we have our own

factory facilities.

FOREIGN INVESTMENT POLICY OF INDIA

The Federal Government of India only permits

foreign investment in electricity industry up to

49% of shares. The Indian partner should be

the majority share-owner i.e. 51% or up.

Foreign investors are welcome to be an investor

of joint venture. You are welcome to join with us

as investor or partnership or shareholder

TRADITIONAL SOLAR PANEL TECHNOLOGY

Traditional Solar Panel Technology: Costly and Less Practical

For decades, the solar power industry has relied on one class of technology for the solar panels which capture sunlight and convert it into electricity. This technology, crystalline and polycrystalline silicon panels, comprises approximately 95% of the world’s current photovoltaic installations.

These traditional solar panels are constructed of dozens of photovoltaic crystalline or polycrystalline silicon wafers that are interconnected in a grid formation and mounted onto a frame. These wafers are made with ―IC grade‖ silicon, a highly processed, purified silicon material which also is used in semiconductors and other integrated circuits.

Traditional silicon wafer-based solar panel composition

complicated

fault-intolerant

time-consuming

expensive

15% conversion rate

Amelio Solar Thin-Film Solar Panels = Lowest Cost, More Applications

This technology involves applying a very thin layer of photovoltaic material onto a glass panel which is then bonded to a second glass panel such that the photovoltaic material is securely encased between two layers of glass.

AMELIO THIN-FILM SOLAR PANEL

TECHNOLOGY

This technology involves applying a very thin layer of

photovoltaic material onto a glass panel which is then

bonded to a second glass panel such that the

photovoltaic material is securely encased between two

layers of glass. Cross Section of Thin-Film Solar Panel (Amorphous Silicon)

AMELIO THIN-FILM SOLAR PANEL TECHNOLOGY

Much Less Expensive

Works For More Hours, And In More Weather

Conditions

Can Function in Various Positions

Can Be Made Transparent

Can Improve Insulation

May Be More Durable

More Reliable Connectivity

More Versatile And Useful

AMELIO SOLAR PHOTOVOLTAIC POWER

SOLUTIONSSolar Power Plant Installed by Amelio Solar Team Members on Site of Decommissioned

Nuclear Power Plant

AMELIO SOLAR PHOTOVOLTAIC POWER

SOLUTIONS Highly centralized: similar to a conventional power plant

approach, where a large-scale power supply in one location is connected to and feeds an electrical grid

Distributed: where a large number of smaller power supplies are installed across a variety of locations and principally supply electricity to users directly within or very near those locations, such as parking lots; transportation centers; building rooftops, smaller plots of land, etc

Uninterruptible Power Supply : Where a solar power system is integrated into the architecture – roof, walls, even windows – of a building to supply electricity to that building, including using batteries to store some power for later consumption.

World –wide success: Over the past two decades, Amelio Solar has deployed fifteen such facilities in diverse locations around the world such as in USA, UK, France, Hungary, China, Taiwan, Thailand, etc. The facility in Lens, France has now been in operation for just over 21 years and is an example of the durability of Amelio Solar thin-film manufacturing equipment.

INDIAN PARTIES’ DUTY

Arrange all capital to fund the deployment and initial operation of the Factory and the Power Plant

Provide the land, building and required interior and exterior infrastructure of the site(s) where the Factory and the Power Plant will be deployed

Provide/facilitate permits and other regulatory clearances to enable deployment and operation of the Factory and the Power Plant

Hire management and staff to operate the Factory and the Power Plant in accordance with specifications provided by Foreign Technology Supplier(s).

Secure power purchase agreement(s) for the electricity generated by the Power Plant at pricing and length of term sufficient to provide attractive returns for the Joint Venture’s operating and financial partners

FOREIGN PARTNERS’ DUTY

Provide key specifications for the building to be used for housing the Factory, including utility and other interior and exterior infrastructure requirements.

Source, configure and install in the building machinery and equipment capable of producing 100MW per year of thin-film solar panels.

Commission the manufacturing lines in the Factory including technical management of performance tests.

Train the Factory personnel.

Provide overall schedule and period progress reports for the deployment process.

Provide documentation including equipment, process and personnel training manuals.

Provide certain technology and other rights to enable the Joint Venture to operate the Factory and use or sell its output.

Provide designs, technical support and equipment sourcing for the planning, deployment and operation of a Power Plant capable of producing 200MW of peak solar power.

Additional goods and services: Subject to separate agreements with additional pricing and terms, at the request of the India PV Partners, provide other goods and services when is necessary.

BUSINESS MODEL

200MW thin-film photovoltaic module factory + 100MW photovoltaic power plant (three projects are approval and also be up-scaled to 1GW photovoltaic power plant

Photovoltaic power plant can be combined with existing wind power plants

Factory serves as dedicated supplier of photovoltaic modules to the Power Plant

Factory supplies photovoltaic modules to Power Plant at a discount ―transfer price,‖ reducing Power Plant installation cost and, thus, fully-loaded power-generation cost

By the time the Power Plant is complete, the Factory will be fully paid-for and amortized; Factory can then sell modules to market or supply new applications

EXTENDED DEVELOPMENT: PUMPED HYDRO-

ELECTRIC ENERGY STORAGE

Unique platform to normalize and manage electricity supply generated by photovoltaic and wind power plants

Use photovoltaic and wind power sources to drive water pumps that transfer a large reservoir of water up to an elevated reservoir to hold for later use

When power is needed, water in upper reservoir is released, driving hydroelectric

turbines, and producing electricity on demand

System can integrate water treatment processes: desalination, cleaning

— Pumped water source can be sea water and after driving the hydro-electric turbines, the

released sea water can be run through a gravity-fed reverse-osmosis desalination process

— System also can be used to clean polluted fresh water

INVESTMENT PARTNER INVITATION

We sincerely invite foreign investors including

solar industry players , venture capital, private

equity, etc to invest and share this prospective

investment opportunity. We need $367 million

to start the 100 MW solar power plant. Foreign

investor can invest up to 49% of the share of

the joint venture according to the foreign

investment law of Indian government.

Thank You for Your

Time

and Attention

&

Questions and Answers

Indian Solar Project Jan2010

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