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06/09/12
17:15
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Some rough numbers in terms of revenues and profit etc.
Fromthe July ppt:
"The Dairi prima project alone is expected to generate more than US$30 million gross revenue for Panax’s share."
We know cost per MWh is circa USD60 and the power price is USD150.
Gross margin
From the spiel on Sokoria (p13):
"Panax expects final project economics to be robust with average revenues of US$125/MWh with a net margin after tax of 40%."
i.e. on 125MWh they make 60 net i.e. so 65 goes in costs/takes....
Logically PAX's margins at DR will be better as they're receiving 25/MWh more than at Sokoria.
Donc, DR using 150/MWh, should make 85/MWh net margin....
85/150 x $30m = 17m
Plenty there to pay a decent interest bill on a project finance deal?
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