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Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet Page 1 7-1-11
Please note that some fields might not be applicable for all technologies or all project
phases. The level of information detail varies according to phase requirements.
1. Renewable Energy Source
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. Continuous base load. Availability above base
load will depend on loading at MEA power plant.
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation and Usage
a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank)
i. Number of generators/boilers/other On railbelt, NA.
ii. Rated capacity of generators/boilers/other On railbelt, NA.
iii. Generator/boilers/other type On railbelt, NA.
iv. Age of generators/boilers/other On railbelt, NA.
v. Efficiency of generators/boilers/other On railbelt, NA.
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor On railbelt, NA.
ii. Annual O&M cost for non-labor On railbelt, NA.
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank)
i. Electricity [kWh] On railbelt, NA.
ii. Fuel usage
Diesel [gal] On railbelt, NA.
Other On railbelt, NA.
iii. Peak Load On railbelt, NA.
iv. Average Load On railbelt, NA.
v. Minimum Load On railbelt, NA.
vi. Efficiency On railbelt, NA.
vii. Future trends On railbelt, NA.
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] On railbelt, NA.
ii. Electricity [kWh] On railbelt, NA.
iii. Propane [gal or MMBtu] On railbelt, NA.
iv. Coal [tons or MMBtu] On railbelt, NA.
v. Wood [cords, green tons, dry tons] On railbelt, NA.
vi. Other On railbelt, NA.
1 The Railbelt grid connects all customers of Chugach Electric Association, Homer Electric Association, Golden Valley Electric
Association, the City of Seward Electric Department, Matanuska Electric Association and Anchorage Municipal Light and Power.
Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet Page 2 7-1-11
3. Proposed System Design Capacity and Fuel Usage
(Include any projections for continued use of non-renewable fuels)
a) Proposed renewable capacity
(Wind, Hydro, Biomass, other)
[kW or MMBtu/hr]
Capacity of MEA plant proposed at 102 – 171 MW.
Capacity of 136.8 MW is assumed with 154,000 MMbtu/yr
of recoverable waste heat.
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] NA
ii. Heat [MMBtu] Up to 154,000 MMbtu/year estimated.
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu] NA
ii. Coal [tons or MMBtu] NA
iii. Wood [cords, green tons, dry tons] NA
iv. Other (natural gas) No existing usage, so not applicable.
4. Project Cost
a) Total capital cost of new system $8,000,000
b) Development cost $800,000
c) Annual O&M cost of new system $200,000
d) Annual fuel cost $0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity NA
ii. Heat 180,900 MCF of natural gas annually. (85% mech efficiency assumed).
iii. Transportation NA
b) Current price of displaced fuel $7.75 per MCF for natural gas.
c) Other economic benefits None considered.
d) Alaska public benefits None considered.
6. Power Purchase/Sales Price
a) Price for power purchase/sale $9.11 per MMbtu
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 1.45
Payback (years) 6.7 years = (8,000,000 / (1,400,000 – 200,000))