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Q3 Pejabat Pembangunan UTeM is planning to install solar panels to provide some of the electricity for the Faculty of Manufacturing building for 10
Q3 Pejabat Pembangunan UTeM is planning to install solar panels to provide some of the electricity for the Faculty of Manufacturing building for 10 years. There are two proposals by the vendors. Both proposals are: Proposal 1: The installation phase will cost RM50,000 in year 1 and RM70,000 in year 2. This solar installation will result in supplying electrical energy of RM20,000 in year 3 to year 5, RM30,000 in year 6, and amounts increasing by RM2,000 each year through year 10. This proposal comes with free maintenance. Proposal 2: For this proposal, the installation phase will take 3 years. The installation will cost RM17,000 from year 1 to year 3. This investment will result in supplying electrical energy of RM19,000 starting from year 2 to year 10. This proposal requires minimal maintenance which is free maintenance for early 6 years and pay the annual maintenance cost of RM1,500 starting at year 7 till the end. Recommend the best proposal with a Minimum Attractive Rate of Return set by the company at 8% per year.
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