Macedonia Solar
Michael Webster
Venture Capitalists,Business Consultant, Emergency management/Safety Professional and syndicated investigative reporter.
Principal Name: Prof. Dr.-Eng Abdelhakim Hassabou
Phone Number:
Email:
Project Name: Macedonia Solar
Amount Needed: $520 million
Location: Bitola region, Macedonia
Type of Project: Solar PV-T + Green Hydrogen
Referral Name:
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Collateral Tangible Assets That You Currently Own And Willing To Pledge:
Project site and the potential PPA from a reputed Swiss Off-taker
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Total Investment Injected So Far: $400,000
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Your Current Funds How Much Are You Willing To Further Inject into Your Own Project:
N/A
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Government Approval: Binding agreement with government signed, final approvals in
progress and shall be finalized upon receipt of the funding with 3 weeks
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What Issues have you had seeking funding up till now:
No issues, we have engagement (and receiving a LOI from) a Swiss large off-taker.
Already Existing: Yes or No No
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If Yes Previous 3 Years Net Income: N/A
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Give a short paragraph on funding terms of conditions your seeking:
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To invest equity in the project to obtain a 51% equity stake in the project’s SPV. We are also
open for bet finance with reasonable interest rate or a mix of equity/debt finance.
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(Attach executive summary with information listed below)
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BIET Group America
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Inc.
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Business Plan
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Summary
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COMPANY INITIALS: DATE: PAGE 2 OF 8
Koficon
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COMPANY INITIALS: DATE: PAGE 3 OF 8
PRINCIPALS CONTACT DETAILS (Signatory for the Finance)
Name : Abdelhakim Hassabou
Title : Prof. Dr.-Eng.
Passport Number : A21828274
Country of issue : Egypt
Telephone number :
Email address :
BUSINESS DETAILS
Business name : BIET Group America Inc.
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YEARS
HELD
Emerging Group German Yes 20% <1
Seira Capital Indian Yes 5% <1
BIET Group America Inc. Egyptian Yes 75% <1
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BUSINESS DESCRIPTION:
Setting up a 100 MW Solar project (capacity to be increased to 300 MW in future in 2 different
municipalities) in Macedonia using the revolutionary, innovative & path breaking technology of BIET
called Solar Hybrid Photovoltaic Thermal (PV/T).
BUSINESS STRATEGY:
Macedonia is still in its nascent stages of exploring its full Renewable Energy potential and we have a
huge first mover advantage by signing strategic projects in 3 locations.
MANAGEMENT TEAM:
Emerging Group, Seira Capital and BIET Group America Inc. Along with the investors
KEY RISKS:
(a) Grid capacity is an issue in Macedonia but that’s addressed during multiple meetings with MEPSA
(the grid capacity issuing authority in Macedonia).
(b) Presence of a large local off-taker is another risk, but we addressed it by obtaining an in-principle
agreement with a large Swiss off-taker to purchase all energy generated by the project at a
minimum of 15 euro cents per kWh.
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COMPANY INITIALS: DATE: PAGE 4 OF 8
FINANCIAL PROJECTIONS (Millions of Euros)
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Yr1 Yr2 Yr3 Yr4 Yr5 Yr6 Yr7 Yr8 Yr9 Yr10
领英推荐
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TURNOVER
Cost of Sales 124 123 123 122 122 122 121 121 121 120
Expenses 14 14.5 14.5 14.5 14.5 14.6 14.6 14.6 14.6 14.7
EBITDA 110 109 109 108 108 107 107 107 106 106
NET Profit 73 73 74 75 76 78 79 80 81 83
ASSETS
Real Estate
Other Fixed
Assets
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498 477 456 435 415 394 373 352 332 311
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Cash
Other Current
Assets
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52 103 153 202 252 300 349 380 412 442
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Net Current
Assets
LIABILITIES
Loans 451 407 361 315 266 216 165 111 56 0
Other
Liabilities
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1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2
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Net Assets
CASHFLOW
Operating
Cash Flow
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100 109 108 108 107 107 107 90 89 89
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Asset
Purchase
Share Issues
Loans Raised
Loans Repaid 42 43 45 46 48 49 51 53 55 56
Interest Paid 16 14 13 11 10 8 7 5 3 1
Tax Paid
CASHFLOW
Net Cash Flow 100 109 108 108 107 107 107 90 89 88
Net Cash 42 50 50 49 49 48 48 31 31 88
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PROJECT FINANCE REQUIRED - USD 519 MILLION
Do you have the 2% Insurance Premium available? NO
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COMPANY INITIALS: DATE: PAGE 5 OF 8
CLIENT BANK DETAILS
Confirm the bank details of the client BELOW, to which funds are to be sent from the Loan
Company.
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AMOUNT TO BE PAID : 519 Million USD
REPRESENTED BY : Prof.-Eng. Dr. Abdelhakim Hassabou
TITLE : Director and Principal
BANK NAME : Bank of America
Checking Account: Business Adv Fundamentals
BANK ADDRESS : Glen Rock Banking Center, 252 Rock Road, Glen Rock,
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New Jersey, 07452
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COMPANY INITIALS: DATE: PAGE 6 OF 8
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BIET Macedonia
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PRINCIPALS DECLARATION for BIET Group America Inc.
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FOR 26 December 2022
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Dr. Abdelhakim Hassabou of the BIET Group America Inc. has determined that the
INFORMATION PROVIDED IN THIS APPLICATION IS TRUE, ACCURATE AND REFLECTS
THE BUSINESS FINANCIAL STATUS AND FORECASTS ACCURATELY.
The principal of the company declares that:
1. the financial statements and notes, as set out in the financial report on PAGE 4, present
fairly the business’s financial position as at 26 December 2022.
2. in the principal’s opinion there are reasonable grounds to believe that the business will
be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the principal of the business.
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Venture Capitalists,Business Consultant, Emergency management/Safety Professional and syndicated investigative reporter.
1 个月Sure glad to hear from you.
Founder & Managing Partner helping our clients raise 300M+ this year??
1 个月Let’s connect.