Project Cost

Plant Capacity

0
166.5
72.2
10.5
13
2.1
2.3
2.3
0
268.9

4.7
30.6
2.7
2.9
2.1
6.1
3
0.9
18.3
71.3

4.7
197.1
74.9
13.4
15.1
8.2
5.3
3.2
18.3
340.2

24.9

5.3

30.2

Contigencies
Physical

Total Cost

Base Cost
Preliminary Works
Civil Works
Elctromechanical equipment
Transmission Lines
Construction Engineering
Project Mgmt
Environmental Mitigation
Loss reduction component
Taxes and Customs duties
Sub total

144 MW
Foreign
Local
Exchange Currency

T&D

106.56

Total Cost (in mn USD)

476.96

Nepal Inflation
US Inflation
System Losses

Year
Gross Sales (units)
Net Sales (units)
per unit price
Nominal NPR/USD
Nominal Price per unit
(USD per unit)
US Inflation Deflator
Real Price per unit (USD
per unit)
Total Revenue
Project Cost
Replacement Capex
O&M Cost
Total Cost-Nominal
Total Cost-Real
Cash Flows (mn USD)
FIRR

6%
2.70%
20.00%
0
1996
0
0
4.16
56

1
1997
0
0
4.75
57.79941577

2
1998
0
0
5.13
59.65665114

3
1999
0
0
5.45
61.57356398

4
2000
0
0
6.08
63.55207188

0.074285714
1

0.082180761
0.973709834

0.085992088
0.948110842

0.088512011
0.923184851

0.09566958
0.898914168

0.074285714 0.080020216 0.081530031 0.081712948 0.085998741

0
0
0
0
0
4.7696
66.7744
95.392
181.2448
109.7008
0
0
0
0
0
0
0
0
0
0
4.7696
66.7744
95.392
181.2448
109.7008
4.7696 65.01888997 90.44218942 167.3224536 98.61160339
-4.7696 -65.01888997 -90.44218942 -167.3224536 -98.61160339
10%

5
6
7
8
9
10
11
12
13
2001
2002
2003
2004
2005
2006
2007
2008
2009
581
749
712
709
692
692
692
692
692
464.8
599.2
569.6
567.2
553.6
553.6
553.6
553.6
553.6
6.08
7.3
9.06
9.06
65.594154 67.701853 69.877278 72.122604 74.440078 76.83202 79.30082 81.84895 84.47895
0.0926912 0.1078257 0.1296559 0.1256194
0.8752816 0.8522703 0.8298639 0.8080467
0.0811309
37.709636
19.0784
0
3.5772
22.6556
19.830029
17.879607

0.0918966
55.064468
0
0
3.5772
3.5772
3.0487412
52.015727

0.1075967
61.287103
0
0
3.5772
3.5772
2.9685893
58.318514

0
0
0
0
0.786803 0.766118 0.745976 0.726365 0.707268

0.1015064 0.1015064 0.101506 0.101506 0.101506 0.101506

57.574407 56.19392 56.19392 56.19392 56.19392 56.19392
0
0
0
0
0
0
0
0
0
0
0
0
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
2.8905446 2.8145517 2.740557 2.668507 2.598351 2.53004
54.683862 53.379368 53.45336 53.52541 53.59557 53.66388

14
2010
692
553.6
87.19346

15
2011
692
553.6

16
2012
692
553.6

17
2013
692
553.6

18
2014
692
553.6

19
2015
692
553.6

20
2016
692
553.6

21
2017
692
553.6

22
2018
692
553.6

89.9952 92.88697 95.87165 98.95224 102.1318 105.4136 108.8007 112.2968

0
0
0
0
0
0
0
0
0
0.688674 0.670569 0.652939 0.635774 0.619059 0.602784 0.586937 0.571506 0.556481
0.101506
56.19392
0
0
3.5772
3.5772
2.463525
53.73039

0.101506
56.19392
0
0
3.5772
3.5772
2.398759
53.79516

0.101506
56.19392
0
0
3.5772
3.5772
2.335695
53.85823

0.101506
56.19392
0
0
3.5772
3.5772
2.274289
53.91963

0.101506
56.19392
0
0
3.5772
3.5772
2.214498
53.97942

0.101506
56.19392
0
0
3.5772
3.5772
2.156278
54.03764

0.101506
56.19392
0
0
3.5772
3.5772
2.099589
54.09433

0.101506
56.19392
0
0
3.5772
3.5772
2.044391
54.14953

0.101506
56.19392
0
0
3.5772
3.5772
1.990643
54.20328

23
2019
692
553.6

24
2020
692
553.6

25
2021
692
553.6

26
2022
692
553.6

27
2023
692
553.6

28
2024
692
553.6

29
2025
692
553.6

30
2026
692
553.6

31
2027
692
553.6

115.9051 119.6295 123.4734 127.4409 131.5359 135.7625 140.1249 144.6274 149.2747

0
0
0
0
0
0
0
0
0
0.541851 0.527606 0.513735 0.500229 0.487077 0.474272 0.461803 0.449663 0.437841
0.101506
56.19392
0
0
3.5772
3.5772
1.938309
54.25561

0.101506
56.19392
0
0
3.5772
3.5772
1.887351
54.30657

0.101506 0.101506 0.101506 0.101506 0.101506

56.19392 56.19392 56.19392 56.19392 56.19392
0
0
0
0
0
0
0
0
0
0
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
1.837732 1.789418 1.742373 1.696566 1.651963
54.35619 54.4045 54.45155 54.49735 54.54196

0.101506
56.19392
0
74.9
3.5772
78.4772
35.28826
20.90566

0.101506
56.19392
0
0
3.5772
3.5772
1.566244
54.62768

32
2028
692
553.6

33
2029
692
553.6

34
2030
692
553.6

35
2031
692
553.6

154.0712 159.0219 164.1317 169.4056

36
2032
692
553.6

37
2033
692
553.6

38
2034
692
553.6

39
2035
692
553.6

40
2036
692
553.6

174.849 180.4673 186.2662 192.2514 198.4289

0
0
0
0
0
0
0
0
0
0.42633 0.415122 0.404208 0.393581 0.383234 0.373159 0.363348 0.353796 0.344494
0.101506
56.19392
0
0
3.5772
3.5772
1.525067
54.66885

0.101506
56.19392
0
0
3.5772
3.5772
1.484973
54.70895

0.101506 0.101506 0.101506 0.101506 0.101506

56.19392 56.19392 56.19392 56.19392 56.19392
0
0
0
0
0
0
0
0
0
0
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
1.445933 1.407919 1.370905 1.334863 1.29977
54.74799
54.786 54.82302 54.85906 54.89415

0.101506
56.19392
0
0
3.5772
3.5772
1.265598
54.92832

0.101506
56.19392
0
0
3.5772
3.5772
1.232326
54.96159

41
2037
692
553.6

42
2038
692
553.6

43
2039
692
553.6

44
2040
692
553.6

48
2044
692
553.6

49
2045
692
553.6

204.8049 211.3858 218.1781 225.1887 232.4246 239.8929 247.6013 255.5573

263.769

0
0
0
0
0.335438 0.326619 0.318032 0.309671
0.101506
56.19392
0
0
3.5772
3.5772
1.199928
54.99399

0.101506
56.19392
0
0
3.5772
3.5772
1.168381
55.02554

0.101506
56.19392
0
0
3.5772
3.5772
1.137664
55.05626

0.101506
56.19392
0
0
3.5772
3.5772
1.107755
55.08617

45
2041
692
553.6

46
2042
692
553.6

47
2043
692
553.6

0
0
0
0
0
0.30153 0.293602 0.285884 0.278368 0.271049
0.101506
56.19392
0
0
3.5772
3.5772
1.078632
55.11529

0.101506
56.19392
0
0
3.5772
3.5772
1.050274
55.14365

0.101506
56.19392
0
0
3.5772
3.5772
1.022663
55.17126

0.101506
56.19392
0
0
3.5772
3.5772
0.995777
55.19814

0.101506
56.19392
0
0
3.5772
3.5772
0.969597
55.22432

50
2046
692
553.6

51
2047
692
553.6

52
2048
692
553.6

53
2049
692
553.6

54
2050
692
553.6

272.2445 280.9924 290.0213 299.3404

308.959

0
0
0
0.263923 0.256985 0.250229
0.101506
56.19392
0
0
3.5772
3.5772
0.944107
55.24981

0
0
0.24365 0.237244

0.101506 0.101506 0.101506 0.101506

56.19392 56.19392 56.19392 56.19392
0
0
0
0
0
0
0
0
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
3.5772
0.919286 0.895118 0.871585 0.848671
55.27463 55.2988 55.32234 55.34525

Nepal Inflation
US Inflation
System Losses

Year
Gross Sales (units)
Net Sales (units)
per unit price (NPR
per unit)
NPR/USD
Nominal Price per
unit (USD per unit)
US Inflation Deflator
Real Price per unit
(USD per unit)
Total Revenue
Project Cost
Replacement Capex
O&M Cost
Total Cost-Nominal
Total Cost-Real
Cash Flows (mn USD)
FIRR

6%
2.70%
25.00%

Project Cost
Draw down schedule

461.4
1996
0

0
1996
0
0

1
1997
0
0

2
1998
0
0

3
1999
0
0

4
2000
0
0

0
56

0
57.79941577

0
59.65665114

0
61.57356398

0
63.55207188

0
1

0
0.973709834

0
0.948110842

0
0.923184851

0
0.898914168

0
0
0
0
0
0
0
73.824
59.982
0
0
0
0
0
0
0
73.824
59.982
0 71.88315482 56.86958451
0 -71.88315482 -56.86958451
8%

0
0
0
0
73.824
119.964
0
0
0
0
73.824
119.964
68.15319842 107.8373393
-68.15319842 -107.8373393

1997
16

1998
13

1999
16

2000
26

2001
19

2002
6

2003
4

5
2001
0
0

6
2002
0
0

7
2003
581
435.75

8
2004
647
485.25

9
2005
721
540.75

10
2006
804
603

11
2007
842
631.5

12
2008
842
631.5

13
2009
842
631.5

0
0
8.1
8.6
8.6
9.2
12.1
12.1
12.1
65.594154 67.701853 69.877278 72.122604 74.440078 76.83202 79.30082 81.84895 84.47895
0
0 0.1159175 0.1192414 0.1155292 0.119742 0.152584 0.147833 0.143231
0.8752816 0.8522703 0.8298639 0.8080467 0.786803 0.766118 0.745976 0.726365 0.707268
0
0
0
0
87.666
27.684
0
0
0
0
87.666
27.684
76.732434 23.59425
-76.73243 -23.59425

0.0961958
41.917303
18.456
0
3.81568
22.27168
18.482464
23.434839

0.0963526 0.0908987 0.091736 0.113824 0.107381 0.101303

46.755106 49.153468 55.31698 71.87969 67.81103 63.97267
0
0
0
0
0
0
0
0
0
0
0
0
3.81568
3.81568 3.81568 3.81568 3.81568 3.81568
3.81568
3.81568 3.81568 3.81568 3.81568 3.81568
3.0832476 3.0021885 2.92326 2.846407 2.771575 2.69871
43.671858 46.15128 52.39372 69.03328 65.03945 61.27396

14
2010
842
631.5
12.1
87.19346

15
2011
842
631.5

16
2012
842
631.5

17
2013
842
631.5

18
2014
842
631.5

19
2015
842
631.5

20
2016
842
631.5

21
2017
842
631.5

22
2018
842
631.5

12.1
12.1
12.1
12.1
12.1
12.1
12.1
12.1
89.9952 92.88697 95.87165 98.95224 102.1318 105.4136 108.8007 112.2968

0.138772 0.134452 0.130266 0.12621 0.122281 0.118474 0.114786 0.111212 0.10775

0.688674 0.670569 0.652939 0.635774 0.619059 0.602784 0.586937 0.571506 0.556481
0.095569
60.35157
0
0
3.81568
3.81568
2.62776
57.72381

0.090159
56.93544
0
0
3.81568
3.81568
2.558676
54.37677

0.085056
53.71268
0
0
3.81568
3.81568
2.491408
51.22128

0.080241 0.075699 0.071414 0.067372 0.063559

50.67234 47.8041 45.09821 42.54548 40.13724
0
0
0
0
0
0
0
0
0
0
3.81568 3.81568 3.81568 3.81568 3.81568
3.81568 3.81568 3.81568 3.81568 3.81568
2.425908 2.362131 2.30003 2.239562 2.180683
48.24643 45.44197 42.79818 40.30591 37.95656

0.059961
37.86532
0
0
3.81568
3.81568
2.123353
35.74197

23
2019
842
631.5

24
2020
842
631.5

25
2021
842
631.5

26
2022
842
631.5

27
2023
842
631.5

28
2024
842
631.5

29
2025
842
631.5

30
2026
842
631.5

31
2027
842
631.5

12.1
12.1
12.1
12.1
12.1
12.1
12.1
12.1
12.1
115.9051 119.6295 123.4734 127.4409 131.5359 135.7625 140.1249 144.6274 149.2747
0.104396 0.101146 0.097997 0.094946 0.09199 0.089126 0.086352 0.083663 0.081059
0.541851 0.527606 0.513735 0.500229 0.487077 0.474272 0.461803 0.449663 0.437841
0.056567 0.053365 0.050344 0.047495 0.044806 0.04227 0.039877 0.03762 0.035491
35.722
33.7 31.79246 29.99288 28.29517 26.69356 25.1826 23.75717 22.41243
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568
3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568
2.06753 2.013174 1.960247 1.908712 1.858532 1.809671 1.762094 1.715768 1.67066
33.65447 31.68683 29.83221 28.08417 26.43664 24.88389 23.42051 22.0414 20.74177

32
2028
842
631.5

33
2029
842
631.5

34
2030
842
631.5

35
2031
842
631.5

12.1
12.1
12.1
12.1
154.0712 159.0219 164.1317 169.4056

36
2032
842
631.5

37
2033
842
631.5

38
2034
842
631.5

39
2035
842
631.5

40
2036
842
631.5

12.1
12.1
12.1
12.1
12.1
174.849 180.4673 186.2662 192.2514 198.4289

0.078535 0.07609 0.073721 0.071426 0.069203 0.067048 0.064961 0.062938 0.060979

0.42633 0.415122 0.404208 0.393581 0.383234 0.373159 0.363348 0.353796 0.344494
0.033482
21.1438
0
74.9
3.81568
78.71568
33.55885
-12.4151

0.031587
19.94698
0
0
3.81568
3.81568
1.583971
18.36301

0.029799 0.028112 0.026521 0.02502 0.023603

18.81791 17.75274 16.74787 15.79988 14.90554
0
0
0
0
0
0
0
0
0
0
3.81568 3.81568 3.81568 3.81568 3.81568
3.81568 3.81568 3.81568 3.81568 3.81568
1.542328 1.50178 1.462298 1.423854 1.386421
17.27558 16.25096 15.28557 14.37602 13.51912

0.022267 0.021007
14.06183 13.26588
0
0
0
0
3.81568 3.81568
3.81568 3.81568
1.349972 1.314481
12.71186 11.9514

41
2037
842
631.5

42
2038
842
631.5

43
2039
842
631.5

44
2040
842
631.5

48
2044
842
631.5

49
2045
842
631.5

12.1
12.1
12.1
12.1
12.1
12.1
12.1
12.1
204.8049 211.3858 218.1781 225.1887 232.4246 239.8929 247.6013 255.5573

12.1
263.769

0.059081 0.057241 0.055459 0.053733

0.335438 0.326619 0.318032 0.309671
0.019818
12.51498
0
0
3.81568
3.81568
1.279923
11.23506

0.018696
11.80659
0
0
3.81568
3.81568
1.246273
10.56031

0.017638
11.13829
0
0
3.81568
3.81568
1.213509
9.924781

0.016639
10.50782
0
0
3.81568
3.81568
1.181605
9.326215

45
2041
842
631.5

46
2042
842
631.5

47
2043
842
631.5

0.05206 0.050439 0.048869 0.047348 0.045873

0.30153 0.293602 0.285884 0.278368 0.271049
0.015698 0.014809 0.013971 0.01318 0.012434
9.913038 9.351922 8.822568 8.323178 7.852054
0
0
0
0
0
0
0
0
0
0
3.81568 3.81568 3.81568 3.81568 3.81568
3.81568 3.81568 3.81568 3.81568 3.81568
1.150541 1.120293 1.09084 1.062162 1.034237
8.762497 8.23163 7.731728 7.261016 6.817817

50
2046
842
631.5

51
2047
842
631.5

52
2048
842
631.5

53
2049
842
631.5

12.1
12.1
12.1
12.1
272.2445 280.9924 290.0213 299.3404

54
2050
842
631.5

55
2051
842
631.5

56
2052
842
631.5

12.1
12.1
12.1
308.959 318.8866 329.1332

0.044445 0.043062 0.041721 0.040422 0.039164 0.037945 0.036763

0.263923 0.256985 0.250229 0.24365 0.237244 0.231007 0.224934
0.01173 0.011066 0.01044 0.009849 0.009291 0.008765 0.008269
7.407598
6.9883 6.592736 6.219563 5.867512 5.535389 5.222065
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568
3.81568 3.81568 3.81568 3.81568 3.81568 3.81568 3.81568
1.007047 0.980572 0.954792 0.929691 0.905249 0.88145 0.858276
6.400551 6.007729 5.637944 5.289872 4.962263 4.653939 4.363788

Nepal Inflation
US Inflation
System Losses

Year
Gross Sales (units)
Net Sales (units)
US Inflation Deflator
Real Price per unit (USD
per unit)
Total Revenue 2003
Total Revenue 1996
Project Cost
Replacement Capex
O&M Cost
Total Cost-Nominal
Total Cost-Real
Cash Flows (mn USD)
FIRR

6%
2.70%
20.00%
0
1996
0
0
1

1
1997
0
0
0.973709834

2
1998
0
0
0.948110842

3
1999
0
0
0.923184851

4
2000
0
0
0.898914168

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4.29264
60.09696
85.8528
163.12032
98.73072
0
0
0
0
0
0
0
0
0
0
4.29264
60.09696
85.8528
163.12032
98.73072
4.29264 58.51700097 81.39797047 150.5902083 88.75044305
-4.29264 -58.51700097 -81.39797047 -150.5902083 -88.75044305
19%

5
6
7
8
2001
2002
2003
2004
581
749
712
709
464.8
599.2
569.6
567.2
0.8752816 0.8522703 0.8298639 0.8080467

9
10
11
12
13
2005
2006
2007
2008
2009
692
692
692
692
692
553.6
553.6
553.6
553.6
553.6
0.786803 0.766118 0.745976 0.726365 0.707268

0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
82.2696 106.0584 100.8192 100.3944
97.9872 97.9872 97.9872 97.9872 97.9872
68.272575 88.014042 83.666219 83.313693 81.316044 81.31604 81.31604 81.31604 81.31604
17.17056
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.21948
3.21948
3.21948
3.21948
3.21948 3.21948 3.21948 3.21948 3.21948
20.39004
3.21948
3.21948
3.21948
3.21948 3.21948 3.21948 3.21948 3.21948
17.847026 2.7438671 2.6717304 2.6014901 2.5330965 2.466501 2.401656 2.338516 2.277036
64.422574 103.31453 98.14747 97.79291 95.454103 95.5207 95.58554 95.64868 95.71016

14
15
16
17
18
19
20
21
22
2010
2011
2012
2013
2014
2015
2016
2017
2018
692
692
692
692
692
692
692
692
692
553.6
553.6
553.6
553.6
553.6
553.6
553.6
553.6
553.6
0.688674 0.670569 0.652939 0.635774 0.619059 0.602784 0.586937 0.571506 0.556481
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872
81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
2.217173 2.158883 2.102125 2.04686 1.993048 1.94065 1.88963 1.839952 1.791579
95.77003 95.82832 95.88507 95.94034 95.99415 96.04655 96.09757 96.14725 96.19562

23
24
25
26
27
28
29
30
31
2019
2020
2021
2022
2023
2024
2025
2026
2027
692
692
692
692
692
692
692
692
692
553.6
553.6
553.6
553.6
553.6
553.6
553.6
553.6
553.6
0.541851 0.527606 0.513735 0.500229 0.487077 0.474272 0.461803 0.449663 0.437841
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872
81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
74.9
0
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 78.11948 3.21948
1.744478 1.698616 1.653959 1.610476 1.568136 1.52691 1.486767 35.1274 1.40962
96.24272 96.28858 96.33324 96.37672 96.41906 96.46029 96.50043 62.8598 96.57758

32
33
34
35
36
37
38
39
40
2028
2029
2030
2031
2032
2033
2034
2035
2036
692
692
692
692
692
692
692
692
692
553.6
553.6
553.6
553.6
553.6
553.6
553.6
553.6
553.6
0.42633 0.415122 0.404208 0.393581 0.383234 0.373159 0.363348 0.353796 0.344494
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872
81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
1.372561 1.336476 1.30134 1.267127 1.233814 1.201377 1.169793 1.139039 1.109093
96.61464 96.65072 96.68586 96.72007 96.75339 96.78582 96.81741 96.84816 96.87811

41
42
43
44
2037
2038
2039
2040
692
692
692
692
553.6
553.6
553.6
553.6
0.335438 0.326619 0.318032 0.309671

45
46
47
48
49
2041
2042
2043
2044
2045
692
692
692
692
692
553.6
553.6
553.6
553.6
553.6
0.30153 0.293602 0.285884 0.278368 0.271049

0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872 97.9872
81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604 81.31604
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948 3.21948
1.079935 1.051543 1.023898 0.996979 0.970769 0.945247 0.920396 0.896199 0.872638
96.90727 96.93566 96.9633 96.99022 97.01643 97.04195 97.0668
97.091 97.11456

50
51
52
2046
2047
2048
692
692
692
553.6
553.6
553.6
0.263923 0.256985 0.250229

53
54
2049
2050
692
692
553.6
553.6
0.24365 0.237244

0.177
0.177
0.177
0.177
0.177
97.9872 97.9872 97.9872 97.9872 97.9872
81.31604 81.31604 81.31604 81.31604 81.31604
0
0
0
0
0
0
0
0
0
0
3.21948 3.21948 3.21948 3.21948 3.21948
3.21948 3.21948 3.21948 3.21948 3.21948
0.849696 0.827357 0.805606 0.784426 0.763804
97.1375 97.15984 97.18159 97.20277 97.2234

Nepal Inflation
US Inflation
System Losses

Year
Gross Sales (units)
Net Sales (units)
per unit price in real $
Total Revenue-in
US Inflation Deflator
Total Revenue-in
1996 real terms
Project Cost
Replacement Capex
O&M Cost
Total Cost-Nominal
Total Cost-Real
Cash Flows (mn USD)
FIRR

6%
2.70%
25.00%

Project Cost
Draw down schedule

450.4
1996
0

0
1996
0
0

1
1997
0
0

2
1998
0
0

3
1999
0
0

4
2000
0
0

0
0
1

0
0
0.973709834

0
0
0.948110842

0
0
0.923184851

0
0
0.898914168

0
64.8576
52.6968
0
0
0
0
0
0
0
64.8576
52.6968
0 63.15248296 49.96240741
0 -63.15248296 -49.96240741
17%

64.8576
105.3936
0
0
0
0
64.8576
105.3936
59.87555378 94.73980028
-59.87555378 -94.73980028

1997
16

1998
13

1999
16

2000
26

2001
19

2002
6

2003
4

5
2001
0
0

6
2002
0
0

7
2003
581
435.75

8
2004
647
485.25

9
2005
721
540.75

10
2006
804
603

11
2007
842
631.5

0
0
0.177
0.177
0
0 77.12775 85.88925
0.8752816 0.8522703 0.8298639 0.8080467

77.0184
24.3216
0
0
0
0
77.0184
24.3216
67.412786 20.728577
-67.41279 -20.72858

12
2008
842
631.5

13
2009
842
631.5

0.177
0.177
0.177
0.177
0.177
95.71275 106.731 111.7755 111.7755 111.7755
0.786803 0.766118 0.745976 0.726365 0.707268

64.005539 71.276392 79.42856 88.57221

16.2144
0
0
0
0
0
0
0
3.434112 3.434112 3.434112 3.434112
19.648512 3.434112 3.434112 3.434112
16.305592 2.7749228 2.7019696 2.630934
60.822158 83.114327 93.01078 104.1001

92.75846
0
0
3.434112
3.434112
2.561767
109.2137

92.75846
0
0
3.434112
3.434112
2.494417
109.2811

92.75846
0
0
3.434112
3.434112
2.428839
109.3467

14
2010
842
631.5

15
2011
842
631.5

16
2012
842
631.5

17
2013
842
631.5

18
2014
842
631.5

19
2015
842
631.5

20
2016
842
631.5

21
2017
842
631.5

22
2018
842
631.5

0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755
0.688674 0.670569 0.652939 0.635774 0.619059 0.602784 0.586937 0.571506 0.556481
92.75846
0
0
3.434112
3.434112
2.364984
109.4105

92.75846
0
0
3.434112
3.434112
2.302808
109.4727

92.75846
0
0
3.434112
3.434112
2.242267
109.5332

92.75846
0
0
3.434112
3.434112
2.183318
109.5922

92.75846
0
0
3.434112
3.434112
2.125918
109.6496

92.75846
0
0
3.434112
3.434112
2.070027
109.7055

92.75846
0
0
3.434112
3.434112
2.015606
109.7599

92.75846
0
0
3.434112
3.434112
1.962615
109.8129

92.75846
0
0
3.434112
3.434112
1.911018
109.8645

23
2019
842
631.5

24
2020
842
631.5

25
2021
842
631.5

26
2022
842
631.5

27
2023
842
631.5

28
2024
842
631.5

29
2025
842
631.5

30
2026
842
631.5

31
2027
842
631.5

0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755
0.541851 0.527606 0.513735 0.500229 0.487077 0.474272 0.461803 0.449663 0.437841
92.75846
0
0
3.434112
3.434112
1.860777
109.9147

92.75846
0
0
3.434112
3.434112
1.811857
109.9636

92.75846
0
0
3.434112
3.434112
1.764223
110.0113

92.75846
0
0
3.434112
3.434112
1.717841
110.0577

92.75846
0
0
3.434112
3.434112
1.672679
110.1028

92.75846
0
0
3.434112
3.434112
1.628704
110.1468

92.75846
0
0
3.434112
3.434112
1.585885
110.1896

92.75846
0
0
3.434112
3.434112
1.544191
110.2313

92.75846
0
0
3.434112
3.434112
1.503594
110.2719

32
2028
842
631.5

33
2029
842
631.5

34
2030
842
631.5

35
2031
842
631.5

36
2032
842
631.5

37
2033
842
631.5

38
2034
842
631.5

39
2035
842
631.5

40
2036
842
631.5

0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755
0.42633 0.415122 0.404208 0.393581 0.383234 0.373159 0.363348 0.353796 0.344494
92.75846
0
74.9
3.434112
78.33411
33.39618
78.37932

92.75846
0
0
3.434112
3.434112
1.425574
110.3499

92.75846
0
0
3.434112
3.434112
1.388096
110.3874

92.75846
0
0
3.434112
3.434112
1.351602
110.4239

92.75846
0
0
3.434112
3.434112
1.316068
110.4594

92.75846
0
0
3.434112
3.434112
1.281469
110.494

92.75846
0
0
3.434112
3.434112
1.247779
110.5277

92.75846
0
0
3.434112
3.434112
1.214974
110.5605

92.75846
0
0
3.434112
3.434112
1.183033
110.5925

41
2037
842
631.5

42
2038
842
631.5

43
2039
842
631.5

44
2040
842
631.5

45
2041
842
631.5

46
2042
842
631.5

47
2043
842
631.5

48
2044
842
631.5

49
2045
842
631.5

0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
0.177
111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755
0.335438 0.326619 0.318032 0.309671 0.30153 0.293602 0.285884 0.278368 0.271049
92.75846
0
0
3.434112
3.434112
1.15193
110.6236

92.75846
0
0
3.434112
3.434112
1.121646
110.6539

92.75846
0
0
3.434112
3.434112
1.092158
110.6833

92.75846
0
0
3.434112
3.434112
1.063445
110.7121

92.75846
0
0
3.434112
3.434112
1.035487
110.74

92.75846
0
0
3.434112
3.434112
1.008264
110.7672

92.75846
0
0
3.434112
3.434112
0.981756
110.7937

92.75846
0
0
3.434112
3.434112
0.955946
110.8196

92.75846
0
0
3.434112
3.434112
0.930814
110.8447

50
2046
842
631.5

51
2047
842
631.5

52
2048
842
631.5

53
2049
842
631.5

54
2050
842
631.5

55
2051
842
631.5

56
2052
842
631.5

0.177
0.177
0.177
0.177
0.177
0.177
0.177
111.7755 111.7755 111.7755 111.7755 111.7755 111.7755 111.7755
0.263923 0.256985 0.250229 0.24365 0.237244 0.231007 0.224934
92.75846
0
0
3.434112
3.434112
0.906342
110.8692

92.75846
0
0
3.434112
3.434112
0.882514
110.893

92.75846
0
0
3.434112
3.434112
0.859313
110.9162

92.75846
0
0
3.434112
3.434112
0.836722
110.9388

92.75846
0
0
3.434112
3.434112
0.814724
110.9608

92.75846
0
0
3.434112
3.434112
0.793305
110.9822

92.75846
0
0
3.434112
3.434112
0.772449
111.0031