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Low-cost solar water heaters

Opportunity Description: Building and installing water heaters for homes and farms, which provides energy savings for the client.
PRODUCT: Solar water heaters
Sector: Renewable Energy
Market: Small and Medium Farms
Initial Investment Required: EGP 150,000
Details Available: Opportunity Study
Market Potential: Small and medium size cattle breeders. It can later build more advanced solar thermal heaters and fruit and vegetable dryers.
Supply: Solar collectors, heat exchangers, storage tanks, monitoring system
Process: Assembly and installation of solar water heaters
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 140,000
IRR expected is 50%
Payback period around 2.3 years
Risk: Risk - System failure due to misuse, lack of maintenance.
Mitigation - Requires strong after-sales maintenance
IMPACT: Environmental - CO2 emission reduction
Social - Sustainable and more reliable energy for better farming