SOLAR PANELS AS A COST EFFICIENT ENERGY SOURCE

SOLAR PANELS AS A COST EFFICIENT ENERGY SOURCE

BUSINESS PLAN

NAMES ID

Moin Sarker 111 113 019

Sylvia Ahmed 111 113 093

Amir Hossen 111 113 054

Shawlin Baten 111 113 036

Sabrin Sultana 111 113 150

Towhid Hasan 111 113 052

GROUP MEMBERS

The Opportunity

• Our aim is to provide the fastest way to overcome the energy shortage through electrification based on solar energy by offering products that would be cost effective in the long run

• for harnessing renewable energy (RE)• Main focus is the creative application of solar

technology and creating awareness

The company

Company name - Power Wow Energy

Capture the sun , Green all

the way

Power Wow Energy

Current Situation

• Huge electricity crisis in Bangladesh .• Use of UPS / Generators leads to high

utility bills.• Non polluting: no noise, no harmful or

unpleasant emissions or smells. • Most solar panels have a 20 year warranty

and even a longer life expectancy .• No import duty on solar chips – reduction

in expenses.

• We have 4 partners in our business. We are doing partnership business.

• We are starting this business as new.Company locations –We chose the residential area Mirpur for our company office location and there we will use a space for our product storage.

Company summary

Mission Statement

To properly initiate, market and provide best solar lighting systems, while considering customer's cost cutting factor in this economical era and keeping our solar panels affordable, keeping customer requirement in focus

HOW SOLAR WORKS

Products & Services System Parts

1. Solar panel2. Battery3. Inverter

Those all 3 things all together will be provided by us as a package for the consumers.

Economical PackagesSL.No.

Load Package Included Using Time(pd)

Package Price

1 2 Pic. CFL Lamp- 20 watt & 2 Pic. Ceiling Fan

2 Pic. 70/75 Wp Solar Module, 2 pic. 60 Ah Industrial Battery, 1 No. 400VA pv-Inverter.

4 hours 60,000


4 Pic. 50 Wp Solar Module, 2 Pic. 100 Ah Industrial Battery, 1 No. 600VA pv-Inverter.

5 hours 90,000


2 Pic. 130/135 Wp Solar Module, 2 Pic. 130 Ah Industrial Battery, 1 No. 800VA pv-Inverter.

5 hours 1,20,000


4 Pic. 85 Wp Solar Module, 4 Nos. 80 Ah Industrial Battery, 1 No. 1000VA pv-Inverter.

7 hours 1,50,000

SL.No.

Load Package Included Using Time

Package Price

Silverpackage

4 Pic. CFL Lamp- 20 watt,4 Pic. Ceiling Fan & 1 No. 21˝ Color TV point

4 Pic. 85 Wp Solar Module, 2 Pic. 80 Ah Industrial Battery, 1 No. 1000 pv-Inverter.

5 hours 1,45,000

Diamondpackage

5 Pic. CFL Lamp-20 watt,5 Pic. Ceiling Fan & 1 No. 21˝ Color TV point


6 hours 1,80,000

Goldpackage

2 Pic. CFL Lamp- 20 watt,2 Nos. Ceiling Fan & 1 No.

Computer


5 hours 1,20,000

Platinumpackage

2 Pic. CFL Lamp-20 watt, 2 Pic. Ceiling Fan, 1 No. 21˝ Color TV point & 1 No. Computer


6 hours 1,50,000

Economical package 1

Battery Inverter

75 watt Solar panel

For economical package 1 you will need 2 unit 70/75 Wp Solar Module, unit 60 Ah Industrial Battery and 1 Inverter. Its output will be above 150 watt. PRICE – 60,000/-

Platinum package

Battery Inverter

85 watt Solar panel For PLATINUM package you will

need 4 unit 85 Wp Solar Module, 4 unit 80 Ah Industrial Battery and 1 Inverter. Its out put will be above 350 watt. PRICE – 1,50,000/-

FeasibilityEconomical package 1 Tk. 60,000/-

Actual cost Tk. 40,000/-

Transport (import + delivery) Tk. 4000/-

Advertisement Tk. 4000/-

Estimated profit Tk. 12000/-

Ratio. Profit (60000/12000) 5 %

FeasibilityPlatinum package Tk 1,50,000/-

Actual cost Tk 1,00,000/-

Transport (import + delivery) Tk 4,000/-

Advertisement Tk 4,000/-

Estimated profit Tk 42,000/-

Ratio. Profit (1,50,000/42000)3.75%

Management

• The management would comprise 5 Managers, in Marketing, Finance and Electric , Administration , Public Relation.

• There is also one sells team and one accountant• There are three highly skilled electricians.• If sells team are able to increase the sell they

will get some percentage of this .

Hierarchy

CEO

MarketingManager

FinanceManager

Electric Manager

Sells teamAccountant

Electrician 1

Electrician 2

Electrician 3

Admin. Manager

P.R.Manager

Customer Care Executive

SuppliersOur main suppliers would be Chinese for solar chipsMajor suppliers are:

i. Coursertech Co., Ltdii. Delight Lighting Co., Ltd.iii. Danyang Hopesun World Business Co.Ltd.iv. Greenwood Solar China. Co Ltd

We also get our battery and inverter from our local market.

Competitors

• INTRACO group• Bright Green Energy Foundation• BD Power tech international

• Main Competitors

STRENGTH WEAKNESS

1. No any other source for electricity.

2. No taxes on importing soler 3. The competitors are not very

much effective.4. They are unable to create

demand .5. 10% Lower price rate then any

other competitors.

1. Customers have lack of knowledge about solar .

2. Some very big companies are related with this.

3. Solar panel have to clean regularly.

4. Some management weakness.

Financial plan• Each of our four investors, who have been

specified in the management section, has decided to invest Tk. 20,00,000/- each making a total of Tk. 80,00,000/-.

• Since all our investors are investing equally, the company’s profits will also be shared equally

• If any of our members wants to leave his partnership he can only sell his share to the remaining 3 members

Important Assumptions• Year 1

• Year 2

Sales 50 unit Tk 63,43,750/-

(-) Cost of sales 50 unit Tk 45,56,250/-

profit 50 unit Tk 17,87,500/-

(-) Expenses 1 year Tk 12,96,000/-

Over all profit 1 year Tk 4,91,500/-

Target market• In the Mirpur area there are many scope for us where

we can sell our packages 1. Household users2. Party decorators3. Educational institutes , 4. Hospitality service providers

5. Saloons , Fast foods , Furnishers store.6. Corporate sector , Garments

Marketing StrategySales Program:At the first year of business our target was to stay in the market with a low profit. After some time we became established , we raise our package rate and take a profitable amount of money from the buyers.

a) Advertisements on billboards and news paperb) Developing a web page for B2B services and B2C

services.c) Also giving some discounts on packages .

Above the Line

Conclusion

If everything goes well on our plan we hope we are able to take our market with in 1 year . We are not only take profit our mission is also to say the people that “WE WILL USE LESS ENERGY”.

Thank you for listening

SOLAR PANELS AS A COST EFFICIENT ENERGY SOURCE

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