HomeMy WebLinkAboutKPBSD_Costworksheet5
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. In-State 22,000 tons per year (TPY)
PNW+Canada 750,000 TPY
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation and Usage - N/A
a) Basic configuration (if system is part of the Railbelt 1 grid, leave this section blank)
i. Number of generators/boilers/other
ii. Rated capacity of generators/boilers/other
iii. Generator/boilers/other type
iv. Age of generators/boilers/other
v. Efficiency of generators/boilers/other
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) - N/A
i. Annual O&M cost for labor
ii. Annual O&M cost for non-labor
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank) - N/A
i. Electricity [kWh]
ii. Fuel usage
Diesel [gal]
Other
iii. Peak Load
iv. Average Load
v. Minimum Load
vi. Efficiency
vii. Future trends
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] 134,000 gallons per year (3 schools)
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]
Biomass Pellets 2MMBtu/hr pellet boiler
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] - N/A
ii. Heat [MMBtu] 2MMBtu/hr x 90% of load= 1576MM Btu
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] 1121 tons wood pellets
iv. Other
4. Project Cost
a) Total capital cost of new system $1,064,968
b) Development cost $411,517
c) Annual O&M cost of new system $12,000
d) Annual fuel cost (1121x300/t) = $336,300
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity
ii. Heat (134,000gals x 90%) = 120,600 gallons offset/year. NetPV 3% 20yr $3,238,567.
iii. Transportation
b) Current price of displaced fuel (120,600 x $4/gal) = $482,400
c) Other economic benefits Economic localization
d) Alaska public benefits School Operation cost stabilization
6. Power Purchase/Sales Price
a) Price for power purchase/sale N/A
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 2.04
Payback (years) 7.2