| |
| The
monthly details of the effects
of modernization show the
downtime in the months April
and May 2003 (fuel costs
savings and loss of revenue). |
| |
| The
investment (blue columns)
is spread over six months.
The cash-flow becomes negative
down to almost 15 mEUR,
significantly more than
the price of the project
itself, which is caused
by the loss of revenues
during downtime. |
|
|
xx |
 |
| |
| After
the modernized plant starts its
operation again, the additional
revenues are high, so that the
cash-flow reaches Zero after little
more than two years, defining
the Pay-Off Time. |
|
