Solar-powered pumping for irrigation Opportunity Description: PV pumping systems 5HP, 7.5HP, 10HP (which represents 80% of the market). Systems designed to suit client needs and budget, as well as provide maintenance and follow ups. |
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  PRODUCT: Solar-powered pump Sector: Renewable Energy, Sustainable Agriculture and Food Processing Market: Reclaimed Lands Initial Investment Required: EGP 280,000 Details Available: Opportunity Study |
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Market Potential: Desert farms for underground water pumping. It can expand to cover other machinery including pest control equipment, grinders, ventilation system for poultry farms. Supply: PV Panels, Pumps, Inverters. Process: Assembly of components Human Resources: Technical and Business Development Manager – 1 Operations and Maintenance – 2 Manual Labor for installations – 2 Financial: CAPEX required EGP 10,000 6-month OPEX required EGP 270,000 IRR expected is 61% Payback period around 1.3 years Risk: Risk – reliance on few suppliers for components, can cause delays Mitigation - Building network of suppliers who can provide financial facility. Risk - Cash flow due to the market method of payment which expects the client to only pay 25% down payments. Mitigation - Start as advanced sales office to suppliers and work with commission. Risk - Cost of transportation from suppliers to client. Mitigation - Arrange for systems to be transferred to client directly and assembled at premise till cash allows building an inventory. IMPACT: Environmental - CO2 emission reduction Social - Sustainable and more reliable energy for better farming |
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