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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. 1,200,000 KWH
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 4 generators and 1 hydro turbine/generator
ii. Rated capacity of generators/boilers/other All gens = 2450 kw/ & Delta Creek hydro = 850 kw
iii. Generator/boilers/other type (2) CAT 3512 & (2) CAT 3456 & Gilkes generator
iv. Age of generators/boilers/other 3 Gen 5 yrs, 1 gen 12 yrs, hydro gen 15 yrs
v. Efficiency of generators/boilers/other 13.5 – 14.0 KWH
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $210,000
ii. Annual O&M cost for non-labor $1,016,000
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] 5,183,000
ii. Fuel usage
Diesel [gal] 177,000
Other
iii. Peak Load 1020 KWH
iv. Average Load 500 – 600
v. Minimum Load 200
vi. Efficiency 13.3 KWH / gal
vii. Future trends 1% - 2% annual growth
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu]
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
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]
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 5,300,000 KWH
ii. Heat [MMBtu]
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu]
ii. Coal [tons or MMBtu]
iii. Wood [cords, green tons, dry tons]
iv. Other
4. Project Cost
a) Total capital cost of new system $3,800,000
b) Development cost $400,000
c) Annual O&M cost of new system $130,000 (includes annual debt $1.0 million)
d) Annual fuel cost $0 for new system ($615,000, current diesel system)
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 64,000 gallons
ii. Heat
iii. Transportation
b) Current price of displaced fuel $4.27
c) Other economic benefits “Surplus Power Sales” – approx $75,000 annually
d) Alaska public benefits Reduced carbon emissions
6. Power Purchase/Sales Price
a) Price for power purchase/sale Range between $0.12 to $0.15 / kwh
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 3.3
Payback (years) 30