Dal Molin 2.0 in inglese

08/08/2008

Dear Friend,

I would like to explain you how the DAL MOLIN area may give to VICENZA and its citizens much more benefits in terms of money and - most of all - health, then the actual contested destination.: Let’s build there a GIANT PARKING & PHOTOVOLTAIC PLANT, for free!

I tell you how:

DAL MOLIN 2.0

First: DAL MOLIN Airport’s land must be lent to the Vicenza municipality. Vicenza’s municipality will confer the right of using it to AIM Vicenza, a local public company, for the sole, unique and strict realization of the present project.

DAL MOLIN Airport has 1.200.000 sq. m.: it may held 75 photovoltaic plants, for the power of 1MWp each. Thousand metallic structures might be built – sun proof – to protect cars, so offering to the town a new big parking place. Panels may be installed above such structures. This big photovoltaic plant will produce energy for 86.250.000 kWh /year. Because of the production of electric power from an ecological source, the Italian Government guarantees each year a state finance incentive of 37.950.000,00 Eu. The photovoltaic plant costs is Eu 375.000.000,00.

Vicenza’s local administration will manage, along with AIM, a fund raising to finance the project. Vicenza’s citizens, whether already sourcing to AIM Vicenza for the electricity, may subscribe for a municipal bond, for nominal 1.000 Eu invested. This bond will guarantee an annual return of 73,58 Eu (for capital + interest), for 20 years, corresponding to a total revenue of 1.471,60 Eu. Additionally, subscribers will benefit of a yearly discount on them electric bill of 230 kWh, that correspond - to the actual market price - at Eu 55,00. AIM will manage the administrative provision of this discount, on the clients electrical bills.

So, investing i.e. 15.000,00 Eu, an Vicenza citizen’s investor will receive in return 1.103,70 Eu yearly. For a total of 20 years it corresponds to 22.074,00 Eu. The yearly discount on the electrical bill will be of 3.450,00 kwh, correspondent to a saving of 828,00 Eu. The overall income that is possible to aspect from the present investment is of 56.018,00 Eu (returned money + attended discount on bills), that considering the initial investment of 15.000,00 Eu, guarantees a net capital gain of 41.018,00. This calculation considers – optimistically - that the increase in price of electric supply will be 7% at year. In fact 7% is the average increase of the last 30 years. But, just as example, the American Administration aspects by the 2008 an augmentation of 16% minimum, per year.

Sourcing electricity from the photovoltaic instead then the petrol, the not emission of CO2 in the atmosphere will be of 43.125 tons/year. So the local administration may consider to finance a special fund of one Euro only/ton, and guarantee 43.125,00/year to cover the expense of the office that has to manage the placement of the bond and correspondent repayment of the financial debts.

According this project, AIM Vicenza will have every year a surplus of 10.357.500,00 EU (this is the difference between the State incentive and the bond repayment, correspondent to a total of 27.592.500,00/year). This surplus may be used to cover its administrative expenses (discounts in Kwh on the electric bills). AIM will guarantee moreover the management of the new parking that will be built on the former Dal Molin area. The user’s parking cost must be of 1,00 Eu/day only, comprehensive of a one day ticket valid for the journey in any bus line. To be discussed the possibility to add one or more methane bus dedicated lines to link the new parking space to the city centre and/or to a new circular bus line, along the mediaeval wall of the town.

A Vicenza’s citizen who would not have the fund to invest in this project, could profitable apply for a fix rate loan, i.e. 6,00% interest, per 20 years. In this case the cost for a 1.000 EU loan will be 87,18/year. Considering that the total revenue will be of 73,58 + 55,00 Eu, the final year gain will be of 41,40 Eu.