RATED TECHNICAL REPORT PLANT BIOMASS

CONTENIDO:

TECHNICAL REPORT OF EQUIPMENT AND CHARACTERISTICS OF A BIOMASS PLANT 2 MWe

municipality Marbella promoter date Junio 2011 consulter

provence Mlaga

record 80/2008

INDEX

1 PURPOSE 3 2 GENERAL DESCRIPTION OF BIOMASS PLANT ................................. 5 2.1 GENERAL OPERATION OF PLANT ............................................. ........................ 5 3 DESCRIPTION OF THE PROCESS AND supplied appliances ......... 8 3.1 BIOMASS HANDLING SYSTEM ............................................ ................................... 8 3.2 POWER OVEN WITH A HYDRAULIC PUSHER ......................................... 9 3.3 OVEN WITH GRILL MOBILE AIR COOLED .......................................... .... 9 3.4 THERMAL OIL BOILER ............................................. ..................................... 10 3.5 SAVER 11 Multi-cyclone 3.6 GAS FILTER WITH HEAT RECOVERY. ........................ 12 3.7 induced draft fan and chimney. .................................................. ....... 12

3.8 EMISSIONS MONITORING SYSTEM SOFT (CEMS). .......................... 13 MODULE 3.9 ORC 13 Nique AEROREFRIG ................................................ 3.10 ............................................. 14 3.11 ELECTRICAL CONTROL PANEL CONTROL SYSTEM MODULATING. ........ 15 3.12 INSTALLATION, COMMISSIONING, ENGINEERING, .. .................................................. . 15 3.13 FILTER SMOKE EMISSIONS <50 mg/Nm3 ....................................... ............. 16 4 TECHNICAL DATA INSTALLATION ............................................ .................. 17 5 IMPLEMENTATION 19 ECONOMIC EVALUATION ................................................ .............................................. 20
DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

1 PURPOSE

The purpose of this study is to present the technical and commercial proposal for supply and installation of a power plant based on biomass combustion in the city of Marbella.

The remains from the garden pruning of this town can be a perfectly usable energy source for electricity production by combustion of biomass and a thermodynamic cycle turbine - electric generator.

There is currently some 22,000 tons of raw biomass (high humidity), mainly palm pruning. After several treatments cleaning and drying are obtained 13,200 tons of product clean and dry with a calorific value of about 8.82 MJ / kg (2,107 kcal / kg) able to be recovered directly from biomass furnace. All other products necessary for the plant will come from nearby towns. Proposes the introduction of a plant with the following characteristics:

-A plant with a biomass combustion furnace for an input power of 10.017 MW, equivalent to a consumption of about 32,000 tons annually. 'A system complete with thermal oil boiler to a net capacity of 8.715 MW oil. HRS-A module for ORC power generation in terminal than 2,000 kWe and a net thermal generation in the circuit 6.725 MW condensing water flow temperature to 37 C and return to 24 C.

This type of industrial plants are regulated, inter alia, the RD 661/2007 observing the activity of electricity production in special regime and sets both the minimum required electrical performance and the applicable premiums. These premiums are updated annually, and its last update in this ITC/3353/2010 Order of 28 December.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

That decree provides for two different rates for these plants: one for plants up to 2 MWe, and the second plant from this same power, the first being significantly higher. Thus, the most desirable approach for small plants which is a better economic performance is to implement an installation of 2 MW of electrical power.

The needs of raw materials to feed a 2 MWe plant is to have a total of 32,000 net tons of dry (with the PCI of 8.82 MJ / kg and commented). This amount implies annual needs of a crude product of 53,000 tons (of which the city of Marbella has 22,000).

In this regard, this study includes: -Scheme of principle. -Supplied appliances. -Implementation of plant. Preliminary-Economic Survey.

This document should be considered as a starting point for decision support promotion of the plant, from which a deeper engineering should be responsible.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

2 OVERVIEW OF PLANT BIOMASS

A biomass plant is the use of biomass combustion from a biomass boiler and electricity production through organic Rankine cycle (ORC).

2.1 General Operation of plant

Stages of operation:

Combustion of biomass is burnt inside a grate furnace cooled by air or water, producing a high temperature fumes that are driven into the thermal oil boiler. In this boiler the heat a thermal oil fumes from the stove to a temperature above 300 C. Subsequently the fumes leaving the boiler leading to a recuperator which uses the energy which still contain. At this stage the thermal oil is heated to about 200 C and subsequently leads to the boiler where it ends to increase its temperature to the desired. cleaning flue: the fumes from the combustion of biomass are circulated, firstly, by a heat exchanger which raises the temperature of air entering the furnace. Subsequently, the fumes are passed through a cleaning equipment consisting of a multicyclones first, and a bag filter or electrostatic, second. Finally, the fumes are vented to the atmosphere through the chimney in the environmental conditions required.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

 Organic Rankine Cycle (ORC) power production is carried out with a Rankine cycle operating with a fluid organic siloxane. This cycle consists of the following parts:

or Evaporation through a heat exchanger transfers heat the oil to the organic fluid, evaporndole. or Turbogenerator: steam is passed through a turbine coupled to an electric generator producing electricity. or Condenser through a heat exchanger condenses the organic fluid. His energy is transferred to a closed water loop that evacuates the heat to the atmosphere through a refrigeration air or water. or pumping: the organic fluid is pumped in order to give the initial pressure required to re-enter the exchanger and start the cycle again. Evacuation of energy: electricity passes first by a team of electrical conversion and then transported through a power line to the point of connection to the outside network.

The use of the modules ORC cycles versus conventional water vapor is given by the greater simplicity of operation of such modules and less maintenance, allowing the plant to be operated by highly skilled personnel without one. These factors substantially reduce operating and maintenance costs compared to a conventional steam cycle and quickly pay the higher initial investment costs.

Although the ORC technology provides thermodynamic yields slightly lower than conventional technology, in small plants (up to 2 MWe) is completely justified its use due to lower operating and maintenance costs.

ORC technology advantages compared with a cycle of conventional steam:

- Ability to generate up to 2.4 MWe from heat sources with low enthalpy. - No need for highly skilled operator. - Procedures and stopping simple. - Good performance at partial load up to 10% of rated power. - Operation of the turbine speed at a lower RPM, allowing direct drive electric generator without special transmission gears. - Reduced mechanical stress on the turbine, due to work at less speed. - Long life of the turbine (> 20 years) in the absence of erosion on the blades, not to be moisture in the steam ejector. - Working fluid chlorine-free, nontoxic and will not damage the ozone layer. - Very high reliability (> 98%).
DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

Minimal maintenance (3 to 5 hours per week).

Currently there are over 130 plants operating with these modules and over 30 under construction.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

3 DESCRIPTION OF THE PROCESS AND supplied appliances

The plant is based on a biomass combustion line with a capacity of 10 MW input to the oven, heat oil boiler, capable of treating a wide range of particle sizes and moisture. The SCADA system control is manufactured such that the line can be controlled from 25% to 100% of total capacity.

The following chart lists all the constituent parts of the plant and its interactions:

The installation of the biomass plant is designed as a modular design and automatic operation consisting of the following components:

3.1 System of management of biomass

The installation starts in a storage silo has a biofuel system based hydraulic scrapers that deliver the material to a hopper

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

from which a discharge conveyor system carries the material to the mouth of the burner

I Hydraulic system is supplied to a silo extraction which may be either buried or elevated.

Silo length excl. cylinders: Anc length cylinder area: ho silo: planned housingl silo: total span of silo

12 m 3m 10 m hength 4 m Volumen 500 m3

The burner fuel introducer device and combustion air to the furnace is controlled by energy demand and the oxygen sensor by modulating control system, from 25% to 100% capacity, with PLC and inverters that control both the flow flow of fuel and oxidizer, and depression in the oven, being a very robust system and experienced.

Feeder 3.2 to hydraulic pusher furnace by

The feeder system is baked hydraulic pusher means which have a rectangular cross section completely open to the furnace by feeding a hydraulic ram which allows the use of biomass of larger particles.

Has a progressive hydraulic system for feeding fuel from the modulation function of the system.

3.3 Oven with air-cooled grate

The furnace, air-cooled grate is designed to get the best possible combustion. The grate is driven by a hydraulic piston and its forward speed and is conveniently controlled by the load via the PLC.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

The staggered grid is equipped with movable grate sections to achieve a controlled distribution of fuel. The speed of movement of the movable sections are adjusted to achieve a drying of the fuel on top subsequently allowing a complete combustion with cauterization.

The primary air nozzles, secondary and tertiary are strategically located in the front wall and side of the furnace, and on the grate level, to ensure complete combustion.

The ashes removed from the bottom of the grid by means of a conveyor, is carried to the ash container located near the boiler.

3.4 Thermal oil boiler The boiler consists of two concentric coils parallel tubes formed by forcing the flue gas to make three trips in the boiler before exiting the chimney, so give up on their way almost all the heat of combustion. The boiler is placed above the grill that has a generous refractariada radiation chamber.

The boiler is thermally insulated with an insulating layer of mineral wool coated metal sheet, forming a heat seal.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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The generator has automatic tube cleaning air shot with installed valves on the top including the required air compressor with refrigeration dryer, filtration and microfiltration. The tube cleaning system greatly reduces the necessary cleaning crucial thereby increasing the availability of such plants.

From the boiler, the gaseous fluid passes through a tower of economizing that ensures a high overall performance, then move to the multi-cyclone filter, where it is filtered to the fan and then to the chimney.

Saver 3.5

The economizer is a cross-flow exchanger with funding body and sheet steel, where the heat is removed still contains the smoke once have circulated through the boiler.

All the economizer is perfectly insulated with a layer of mineral wool, covered with aluminum sheet so are minimal radiation losses.

In the same way that the boiler, the economizing tower has its own automatic cleaning of tubes to ensure maximum availability.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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3.6 multi-cyclone filter gases with heat recovery.

The multi-cyclone fume filter, installed between economizer and chimney, is to the separation of suspended particles in the flue gases from combustion.
Is a multy-cyclon filter that incorporate a number of cyclones in casting

In

casting

heat

Exchange

chamber

The gas flows passes through the cyclone with a high peripheral speed being separate particles stream. Fly ash gaseous filter( like ashes) from the

decanted and the particles tower economizing, is carried by endless to the overall container ash The camera incorporates a multi-cyclone heat exchange between the gases hot combustion air and atmospheric to be used as primary air and which is injected into the furnace at a temperature near 100 C.
3.7 induced draft fan and chimney. Coupled to the output of the multi-cyclone filter provides an induced draft fan to regulate the flow of fumes, with the following characteristics: The turbine speed is conveniently controlled by a frequency converter, according to the vacuum in the furnace

The control of continuous depression is achieved by a differential pressure transmitter for this purpose. This device also assumes a continuous monitoring of the efficiency, an effective security system.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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Finally the fumes are expelled the atmosphere through a chimney a height of 18 meters, ensuring a proper dispersion

3.8 System monitoring of gaseous emissions (CEMS ) Installing a gas analysis equipment before discharge to the atmosphere for continuous monitoring of following key parameters and pollutants: or O2 or humidity or pressure or NOx or SO2 or PST

ORC Module 3.9

Included in this pre-bid ORC module of 2,000 kWe electrical output terminals of the generator.

From the viewpoint of generation, the boiler delivers the oil at 300 C to ORC module which, through a heat exchanger serving as the evaporator, evaporate the organic fluid. The vapor of the organic fluid is expanded in the turbine, of special design, and this is coupled via an elastic coupling (without reducing) the 3-phase asynchronous generator generating electric power.

At the outlet of the turbine, the steam exhausted must return to the liquid phase (condensate) and makes the first yielding heat to the regenerator, which preheats the organic fluid, and then to the condenser to be cooled in the secondary by coolers At the outlet of the oil module is preheated in the economizer and it leads to the boiler return.
DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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Toda la planta es controlada desde un cuadro elctrico de maniobra y control con frontal sinptico y completamente configurable. Asimismo se integra un sistema de control SCADA para control desde un PC para la gestin de todo el sistema va Internet. Se trata de una planta experimentada y para una larga vida de servicio.

1.- Condensor and regenerative 2.- Turbine 3.- Electrical generator 4.- Circulation pump 5.- Pre-Heater 6.- Evaporator 7.8.Condensate output Condensate input

9.- Oil hit input 10.- Thermal Oil output

3.10 coolers

The organic waste heat fluid is evacuated from the cycle through the condenser built into the module works with water ORC. Subsequently, the hot water is discharged into the atmosphere by an aero-cooler equipment operating only with air and heat to the nearest 10 C between air and water. This solution avoids the consumption of water in cooling towers and the consequent problems of legionella

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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3.11 Electrical control panel with modulating control system.

The modulating control system means that all parameters are automatically adjusted according to the load (demand) current of the boiler and the system is therefore always operate continuously in the range that goes from 25% to 100%.

In the control panel display can be read heat output produced in real time, cargo and all other relevant parameters. The control panel is equipped with a PLC.

The system consists of a temperature sensor in the flow pipe of the boiler, a temperature sensor (transmitter) in the return, a lambda probe in the gas circuit, a drive for the auger, frequency converters for all fans of combustion to drive the blower fan and the programming panel required.

3.12 Installation, commissioning, engineering, ..

Included in the offer all assembly work (tubes of fluids and gases) and safety equipment of the plant, as well as engineering, project and construction management

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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3.13 Filter for smoke emission <50 mg/Nm3

You can optionally install a filtering system alternative to expensive (both initial investment and maintenance) baghouses and / or electrostatic precipitators.

This system consists of a cyclone with electrostatic recirculation to ensure the following results:

or capture Efficiency: 95-99% or particulate emission limit guaranteed: <50 mg/Nm3 or particulate emissions expected: <40 mg/Nm3

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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4 TECHNICAL DATA INSTALLATION

Combustion system data:

Combustion power: 10,017 kW Net power in oil: 8,715 kW Oil outlet temperature: 300 C Temperature of oil return to ECO: 130 C Return temperature of furnace oil: 214 C Gas temperature: Thermal performance: O2 dry: 165 87% at MPC MPC 7.5% C to MPC Fuel flow to load 100%: 4,088 kg / h Min flow rate. fuel: 1,022 kg / h Annual Fuel Flow 100%: 32,708 tons / year (*) MPC = Maximum Continuous Power Fuel tolerance data:

Biomass without harmful content such as PVC, Chlorides, metal parts, etc..

PCI: 7.9 to 17 MJ / kg PCI expected: 8.8 kWh / kg Fuel: 49-79% based on weight total Water: 20-50% based on weight total Mean particle size: 150 x 30 x 30 mm Maximum grain size: 500 x 100 x 50 with a presence 10% maximum. Density: 100 to 750 kg/m3 Max. Dust content (*): 10% based on weight total

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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Ash softening point:> 1,100 C (*): less than 0.5 mm Diameter

Emissions data:

The system shall meet the following requirements regarding maximum emissions: Particulates (TSP) 150 mg/Nm3 at 11% O2 CO: 500 mg/Nm3 at 11% O2 NOx: 400 mg/Nm3 at 11% O2

Conditions: -The system works at maximum load. -Grills, gas circuit tubes and have been recently cleaned. -Fuel is within specifications.

ORC module data

Temperature Circuit High T (boiler) 300/214 C Power circuit high T 8,017 kW temperature circuit low T (economizer) 214/130 C power circuit low T 698 kW total input in oil: 8,715 kW temperatures circuit hot water: 24/37 C hot circuit Power: 6,725 kW electric generator terminals: 2,000 kW ORC module Power consumption 74 kW net power: 1,926 kW

Electrical efficiency thermal oil to electricity: 22.9% electrical efficiency biomass to electricity: 19.9%

RD-661/2007 Compliance: Minimum electrical efficiency biomass to electricity: 18%

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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5 IMPLEMENTATION

In the attached drawing is attached a proposal for implementation of the plant. Logically, the provision may vary depending on the location and site specific, but indicative level shows the elements of the plant and its distribution.

The space required for the collection of biomass is indicative and may vary greatly depending on the availability of the same throughout the year and the safety or otherwise of a deputy minister continued.

To accommodate the equipment proposed a warehouse of 1200 m2, including an office area and control room, a room for the ORC module, the spacecraft for the combustion equipment and an enclosure for the electrical conversion equipment.

Next to the ship lies the biomass silo of 150 m2 and the area near ORC module installs the equipment coolers.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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ECONOMIC ASSESSMENT Below is a first catching of the total costs of the plant BIOMASS PLANT OF MARBELLA 2,0 MWe PRICE

Biomass combustion system: Management biomass furnace, boiler, gas treatment, thermal oil system
Module ORC Coolers 1.887.400

2.374.000 420.000 30.000 530.000 190.000

Continuous emission monitoring Civil Works (general) Engineering projects, construction supervision
. Networking costs (as company and connection point). price

120.000

Electrical Several + unexpected TOTAL OPTIONAL:

260.000 200.000 6.011.400

Smoke filter for particle size reduction

225.200

The cost of civil works is totally depending on the specific indication of the location of the plant.

DISSENY I SOSTENIBILITAT, S.L., Crta. Cardona 62-64, 1r 08240 MANRESA

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1.0175 1.0327625 1.048253938 EXPLOTACION DE LA PLANTA DE BIOMASA MARBELLA PREVISIN INGRESOS Venta de energia 0.13576 100% Biomasa de poda 0.17160 0% Cultivo energtico 0.10022 0% Biomasa industrial Gestor de residuos 0 0% Biomasa industrial TOTAL INGRESOS PREVISIN DE GASTOS Combustibles 32000 100% Biomasa de poda 0 0% Cultivo energtico Gestin planta Encargado de planta (1) Operarios (7) 26122.4 32000 Administrativo (1) 5.94 Gasoil pala (litros) Gestin residuos madera Mantenimiento-Suministros Gestin integrada y de cenizas 0.85 1.09 5 33,656.68 176,400.00 16,800.00 22,204.08 34,742.86 94,491.05 180,000.00 34,329.81 179,928.00 17,136.00 22,648.16 35,437.71 96,380.87 183,600.00 35,016.41 183,526.56 17,478.72 23,101.13 36,146.47 98,308.49 187,272.00 35,716.74 187,197.09 17,828.29 23,563.15 36,869.40 100,274.66 191,017.44 36,431.07 190,941.03 18,184.86 24,034.41 37,606.79 102,280.15 194,837.79 8.00 32000 0 256,000.00 0.00 261,120.00 0.00 266,342.40 0.00 268,353.01 0.00 273,720.07 0.00 2 13920000 0 0 13.00 100% 0% 0% 0 0 0 0 1,889,820.96 0.00 0.00 0.00 1,889,820.96 1,922,892.83 0.00 0.00 0.00 1,922,892.83 1,951,736.22 0.00 0.00 0.00 1,951,736.22 1,981,012.26 0.00 0.00 0.00 1,981,012.26 2,010,727.45 0.00 0.00 0.00 2,010,727.45 2012 2013 2014 2015 2016

Gastos financieros Control medioambiental Analticas Seguros, RC TOTAL GASTOS BENEFICIO BRUTO Amortitzacin B.A.I Impuestos B.D.I. Devolucin capital del prstamo CASH FLOW OPERATIVO CASH FLOW acumulado EBITDA TIR SERVICIO DE LA DEUDA Ratio de Cobertura

311,830.00

311,830.00

229,001.85

215,629.45

201,575.79

28,000.00 15,000.00 1,169,124.66 720,696.30 415,773.33 304,922.96 82,329.20 222,593.76 0.00 638,367.10 638,367.10 1,032,526.30

28,560.00 15,300.00 1,186,270.56 736,622.27 415,773.33 320,848.94 86,629.21 234,219.72 0.00 649,993.06 1,288,360.15 1,048,452.27

29,131.20 15,606.00 1,120,931.22 830,805.00 415,773.33 415,031.67 116,208.87 298,822.80 262,485.24 452,110.89 1,740,471.04 1,059,806.85

29,713.82 15,918.12 1,122,081.17 858,931.10 415,773.33 443,157.76 128,515.75 314,642.01 275,857.64 454,557.70 2,195,028.75 1,074,560.55

30,308.10 16,236.48 1,126,156.54 884,570.91 415,773.33 468,797.57 135,951.30 332,846.28 289,911.30 458,708.31 2,653,737.06 1,086,146.70

311,830.00 3.31 1

311,830.00 3.36 2

491,487.09 2.16 3

491,487.09 2.19 4

491,487.09 2.21 5

EXPLOTACION DE LA PLANTA DE BIOMASA MARBELLA PREVISIN INGRESSOS Venta de energia Biomasa de poda Cultivo energtico Biomasa industrial Gestor de residuos Biomasa industrial TOTAL INGRESOS PREVISIN DE GASTOS Combustibles Biomasa de poda Cultivo energtico Gestin planta Encargado de planta (1) Operarios (7) Administrativo (1) Gasoil (litros) Gestin residuos madera Mantenimiento-Suministros Gestin integrada y de cenizas 37,159.69 194,759.85 18,548.56 24,515.10 38,358.92 104,325.75 198,734.54 37,902.89 198,655.05 18,919.53 25,005.40 39,126.10 106,412.27 202,709.24 38,660.94 202,628.15 19,297.92 25,505.51 39,908.62 108,540.51 206,763.42 39,434.16 206,680.71 19,683.88 26,015.62 40,706.79 110,711.32 210,898.69 40,222.85 210,814.33 20,077.56 26,535.93 41,520.93 112,925.55 215,116.66 279,194.47 0.00 284,778.36 0.00 290,473.93 0.00 296,283.40 0.00 302,209.07 0.00 2,040,888.36 0.00 0.00 0.00 2,040,888.36 2,071,501.68 0.00 0.00 0.00 2,071,501.68 2,102,574.21 0.00 0.00 0.00 2,102,574.21 2,134,112.82 0.00 0.00 0.00 2,134,112.82 2,166,124.51 0.00 0.00 0.00 2,166,124.51 2017 2018 2019 2020 2021

Gastos financieros Control medioambiental Analticas Seguros, RC TOTAL GASTOS BENEFICIO BRUTO Amortitzacin B.A.I. Impuestos B.D.I. Devolucin capital del prstamo CASH FLOW OPERATIVO CASH FLOW acumulado EBITDA TIR SERVICIO DE LA DEUDA Ratio de Cobertura

186,806.16

171,284.09

154,971.24

137,827.32

119,810.01

30,914.26 16,561.21 1,129,878.53 911,009.83 415,773.33 495,236.50 143,618.58 351,617.91 304,680.93 462,710.32 3,116,447.37 1,097,815.99

31,532.55 16,892.44 1,133,217.90 938,283.78 415,773.33 522,510.45 151,528.03 370,982.42 320,203.00 466,552.75 3,583,000.12 1,109,567.87

32,163.20 17,230.29 1,136,143.73 966,430.48 415,773.33 550,657.15 159,690.57 390,966.58 336,515.85 470,224.06 4,053,224.18 1,121,401.72

32,806.46 17,574.89 1,138,623.26 995,489.56 415,773.33 579,716.23 168,117.71 411,598.52 353,659.77 473,712.09 4,526,936.26 1,133,316.88 9.86%

33,462.59 17,926.39 1,140,621.87 1,025,502.65 415,773.33 609,729.32 176,821.50 432,907.81 371,677.08 477,004.06 5,003,940.33 1,145,312.66 11.47% 491,487.09 2.33 10

491,487.09 2.23 6

491,487.09 2.26 7

491,487.09 2.28 8

491,487.09 2.31 9

EXPLOTACION DE LA PLANTA DE BIOMASA MARBELLA PREVISIN INGRESSOS Venta de energia Biomasa de poda Cultivo energtico Biomasa industrial Gestor de residuos Biomasa industrial TOTAL INGRESOS PREVISIN DE GASTOS Combustibles Biomasa de poda Cultivo energtico Gestin planta Encargado de planta (1) Operarios (7) Administrativo (1) Gasoil (litros) Gestin residuos madera Mantenimiento-Suministros Gestin integrada y de cenizas 41,027.30 215,030.62 20,479.11 27,066.65 42,351.35 115,184.06 219,419.00 41,847.85 219,331.23 20,888.69 27,607.98 43,198.38 117,487.74 223,807.38 42,684.81 223,717.85 21,306.46 28,160.14 44,062.34 119,837.50 228,283.52 43,538.50 228,192.21 21,732.59 28,723.35 44,943.59 122,234.25 232,849.19 44,409.27 232,756.05 22,167.24 29,297.81 45,842.46 124,678.93 237,506.18 582,038.96 3,050,558.74 290,529.40 383,984.44 600,822.71 1,634,073.09 3,112,815.04 308,253.25 0.00 314,418.32 0.00 320,706.69 0.00 327,120.82 0.00 333,663.24 0.00 4,382,637.02 2,204,031.69 0.00 0.00 0.00 2,204,031.69 2,242,602.25 0.00 0.00 0.00 2,242,602.25 2,281,847.79 0.00 0.00 0.00 2,281,847.79 2,321,780.12 0.00 0.00 0.00 2,321,780.12 2,362,411.28 0.00 0.00 0.00 2,362,411.28 31,684,064.43 2022 2023 2024 2025 2026 TOTALS

31,684,064.43

Gastos financieros Control medioambiental Analticas Seguros, RC TOTAL GASTOS BENEFICIO BRUTO Amortitzacin B.A.I. Impuestos B.D.I. Devolucin capital del prstamo CASH FLOW OPERATIVO CASH FLOW acumulado EBITDA TIR SERVICIO DE LA DEUDA Ratio de Cobertura

100,874.79

80,974.92

60,061.24

38,082.10

14,983.23

2,335,542.18

34,131.84 18,284.92 1,142,102.89 1,061,928.80 415,773.33 646,155.47 187,385.09 458,770.38 390,612.30 483,931.42 5,487,871.75 1,162,803.60 12.70% 491,487.09 2.37 11

34,814.48 18,650.61 1,143,027.58 1,099,574.67 415,773.33 683,801.34 198,302.39 485,498.95 410,512.17 490,760.11 5,978,631.86 1,180,549.59 13.66% 491,487.09 2.40 12

35,510.77 19,023.63 1,143,354.95 1,138,492.84 415,773.33 722,719.51 216,815.85 505,903.65 431,425.85 490,251.13 6,468,882.99 1,198,554.08 14.42% 491,487.09 2.44 13

36,220.99 19,404.10 1,143,041.69 1,178,738.44 415,773.33 762,965.10 228,889.53 534,075.57 453,404.99 496,443.92 6,965,326.91 1,216,820.54 15.02% 491,487.09 2.48 14

36,945.41 19,792.18 1,142,042.01 1,220,369.27 415,773.33 804,595.93 241,378.78 563,217.15 476,503.86 502,486.63 7,467,813.54 1,235,352.50 15.50% 491,487.09 2.51 15

484,215.67 259,401.25 17,116,618.53 14,567,445.90 6,236,600.00 8,330,845.90 2,422,182.36 5,908,663.54 4,677,450.00 7,467,813.54 16,902,988.08 15.50%

PLANTA BIOMASA MARBELLA 2 MW

AO 1 INGRESOS GESTIN BIOMASSA TOTAL INGRESOS COMBUSTIBLE RECURSOS HUMANOS GASTOS DE GESTIN EBITDA AMORTIZACIN INTERESES (5%) BAI IMPUESTO BDI DEVOLUCIN DEUDA CASH-FLOW NETO 1,889,821 0 1,889,821 256,000 226,857 374,438 1,032,526 415,773 311,830 304,923 82,329 222,594 0 638,367

AO 2 1,922,893 0 1,922,893 261,120 231,394 381,927 1,048,452 415,773 311,830 320,849 86,629 234,220 0 649,993

AO 3 1,951,736 0 1,951,736 266,342 236,022 389,565 1,059,807 415,773 229,002 415,032 116,209 298,823 262,485 452,111

AO 4 1,981,012 0 1,981,012 268,353 240,742 397,357 1,074,561 415,773 215,629 443,158 128,516 314,642 275,858 454,558

AO 5 2,010,727 0 2,010,727 273,720 245,557 405,304 1,086,147 415,773 201,576 468,798 135,951 332,846 289,911 458,708

AO 6 2,040,888 0 2,040,888 279,194 250,468 413,410 1,097,816 415,773 186,806 495,236 143,619 351,618 304,681 462,710

AO 7 2,071,502 0 2,071,502 284,778 255,477 421,678 1,109,568 415,773 171,284 522,510 151,528 370,982 320,203 466,553

AO 8 2,102,574 0 2,102,574 290,474 260,587 430,112 1,121,402 415,773 154,971 550,657 159,691 390,967 336,516 470,224

AO 9 2,134,113 0 2,134,113 296,283 265,799 438,714 1,133,317 415,773 137,827 579,716 168,118 411,599 353,660 473,712

AO 10 2,166,125 0 2,166,125 302,209 271,115 447,488 1,145,313 415,773 119,810 609,729 176,822 432,908 371,677 477,004