Parameters | MYTO 1 | MYTO 2 | ||
New Entrant | Successor Gencos | New Entrant | Successor Gencos | |
Installed Capacity, MW | - | - | - | - |
Capacity factor, % | 70 | 63 | 80 | 65 |
Marginal Loss Factor, % | 8.05 | 8.05 | 8.05 | 8.05 |
Thermal efficiency, % | 34 | 34 | 32 | 32 |
Auxiliary requirement, % | 1 | 1 | 2 | 2 |
Construction period, years | 2 | 2 | 3 | 3 |
Plant economic life, years | 20 | 20 | 20 | 20 |
Capital cost, US$/kWh | - | - | - | - |
Fuel cost, US$/mmBtu | 1.8 | 1.8 | 1.8 | 1.8 |
Fixed O & M cost, ₦/MW/Year | - | - | - | - |
Variable O & M cost, ₦/MWh | - | - | - | - |
Availability, % | 95 | 95 | 95 | 95 |
O & M costs escalation , % | - | - | - | - |
Capital cost escalation , % | - | - | - | - |
Fuel cost escalation , % | - | - | - | - |
Corporate tax rate, % | 32 | 32 | 32 | 32 |
Gearing ratio (debt/equity) | 70:30 | 70:30 | 70:30 | 70:30 |
Risk-free rate , % | 18 | 18 | 18 | 18 |
Nominal cost of debt, % | 24 | 24 | 24 | 24 |
Nominal return on equity , % | 29 | 29 | 29 | 29 |
Nominal before tax WACC, % | 25 | 25 | 25 | 25 |
Nominal after tax WACC, % | 17 | 17 | 17 | 17 |
Real pre-tax WACC, % | 11 | 11 | 11 | 11 |
Real after tax WACC, % | 7 | 7 | 7 | 7 |