WINDFARM-TURNKEY PROJECT MANAGEMENT SERVICES

WINDFARM - OWN PROJECT :

Mideast owns one windmill at Village Veerapatti, Taluka: Palladam, Dist: Coimbatore, State: Tamil Nadu. The existing windmill is generating average 4,60,000 units of electricity per annum. This windmill is under operation since 1996. With our very own successful experience of owning a wind mill, we recommend clients to make long term investments in this area. Contact us for detailed business plan.

WINDFARM-TURNKEY PROJECT MANAGEMENT SERVICES:

Mideast offers following services:

1. Total Project Commencement/Management to:

Ø Select most suitable land at reasonable cost.
Ø Ensure registration of land ownership documents.
Ø Identify supplier of windmill machine
Ø Supervision of Erection & Commissioning of windmill.
Ø Ensure Government NOC documents
Ø Ensure Power Purchase Agreement.
Ø Ensure Annual Maintenance contract.
Ø Obtain proper Insurance policy.
Ø Open Bank account to receive monthly payments from TNEB.

The project management (one time) fee is 2% of the cost of the project plus Out of pocket expenses.


2. Annual Project Maintenance to:

Ø Ensure raising invoice for power generation.
Ø Ensure weekly reading of power generation.
Ø Collect funds & deposit money in clients account.
Ø Remittance of money abroad for payment to the sponsor.
Ø Ensure Annual Maintenance & Insurance policy.
Ø Maintain the books of accounts as per the Indian law.
Ø Ensure to avail Tax benefits like Depreciation, tax free income etc.
Ø File income tax returns to ensure "No tax for first 10 years".
Ø Any other services related to this project.

The annual service charge is 3 % of the net revenue per annum.