Solar Microgrids for Nepal

Anjal Niraula Sales Engineering Manager Gham Power Nepal Private Limited

Required Investment
1. Raising US $2 million 2. Seeking equity investment, open to debt/grants

o Primarily fund initial pool of projects (~$1.5mm)

o Some for company growth and scale (~$0.5mm) o Investors get preferred company shares

o Target: 3 to 5x return in ~5 years 3. In conversation with potential investors in US and Europe; no formal commitments (yet)

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Business Model: Need / Solutions

o Solar microgrids = huge financial and social ROI o 80 MW market

o Valued at $400 million

o We provide solar microgrids to

o Businesses dependent on diesel backup

o Remote organizations with no electricity o Cut diesel costs and generate revenue

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Business Solar Microgrid

Backup with solar first, generator only for peak loads Fuel consumption down by 30+%, costs by 15+%

Solar Array

Control Panel

Buildings Electrical Load

Diesel Generator Utility Grid Battery Bank

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Community Solar Microgrid

Solar powered applications available for rent Shops/organizations provide services / generate revenue
Communication Telemedicine Mobile Banking

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200 kW Currently Installed in Nepal

10 kW: EVK2 Research Lab near Mt Everest Basecamp Total Project amount: Rs. 97,38,831.06

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8 kW System at Maiti Nepal a Shelter for Trafficked Girls and Women in Kathmandu Total Project Amount: Rs. 54,38,000.
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4.5 kW System at Lumbini General Insurance in Kathmandu Total Project Amount: Rs. 29,00,000

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12.4 kW @ Nyaya Health Bayalpata Hospital Total Project cost: Rs. 59,03,817

Hospital Power Backup in Far Western Nepal

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Business Model: Revenue

Revenue History and Projections

$ 148,327 FY2010 $ 313,044 FY2011 $ 470,141 FY2012 $ 2,734,153 FY2013 $ 5,016,913 FY2014 $ 9,788,998 FY2015 $17,274,653 FY2016

Actual

Projected Assuming Investment in 2013

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Business Model: Scale

o Projects worth 168 kw (~$800k) already developed o Investment will fund: o Financing of initial projects (~$1.5mm); o Company growth and scale (~$0.5mm) o Growth strategy: o Continue developing similar microgrid projects

o Finance new projects with profits + project financing

o Train/develop installation partner network
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Business Model: Impact

Social and Environmental Impact

2010-12 2013 2014 2015 2016

Load-shedding reduction Direct Jobs Created

CO2 emissions curbed (tons)

148 kW 25
270

513 kW 64
937

1.26 MW 2.77 MW 103

2,300

5.54 MW 201
10,118

153
5,056

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About Founder: Silicon Valley Entrepreneur Starts Solar Company in Nepal

Sandeep Giri

Born and Raised in Nepal

Educated in US Masters in Science U of Nebraska, UC-Berkeley Launched multiple tech companies in San Francisco bay area

In 2009, accidently started Gham Power

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2009 February: Flew to Nepal to Expand Offshore Software Team

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Got Caught in Midst of the Worst Energy Crisis Ever: 16 Hour a Day Blackouts!

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Did the obvious thing for an entrepreneur: start a solar company!

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Seasoned Executive Team with Deep Local Experience, Staff of 25+

Sandeep Giri
CEO

Kebal Rayamajhi
Operations Manager

Shrawan Pradhan
General Manager

Sanjay Yadav
Sales Manager

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Summary
o Microgrids key to scaling solar in developing countries o Gham Power: proven company, great execution o Experienced management + engineering o ~200-kw installed in last 2 years

o Revenue target: $5 mm in 2014; $17 mm in 2016

o 168-kw ($800k) worth of projects ready to be financed

o Raising US $2 million to fund projects + company growth

o Seeking equity investment, open to debt/grant o 3 to 5x return in ~5 years

Thank You!

Sandeep Giri Gham Power Nepal Private Limited Kathmandu, Nepal sandeep@ghampower.com
All Rights Reserved 2013, Gham Power USA, Inc.