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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. 50,479 tons/year, fuelwood biomass
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
ii. Rated capacity of generators/boilers/other 238,000 BTU each
iii. Generator/boilers/other type 4
iv. Age of generators/boilers/other New
v. Efficiency of generators/boilers/other 83%
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $13,500
ii. Annual O&M cost for non-labor $43,930
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] NA
ii. Fuel usage
Diesel [gal] NA
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] 100,015 gal (4,044,996 KWh/yr)
ii. Electricity [kWh] 25,528 gal (1,032,463 kWh/yr)
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]
50,479 Tons –Fuel wood, sustainable
192,319,613 kWh/yr (inventory)
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 340,309 kWh
ii. Heat [MMBtu] 4,044,996 kWh (13.8 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] 1,333 tons
iv. Other
4. Project Cost
a) Total capital cost of new system $144,480
b) Development cost
c) Annual O&M cost of new system $258,636
d) Annual fuel cost $159,923
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity $114,877 (25,528 gal)
ii. Heat $450,068 (100,015 gal)
iii. Transportation
b) Current price of displaced fuel $4.50/gal
c) Other economic benefits $82,500/yr in estimated job creation benefits (5.5)
d) Alaska public benefits
6. Power Purchase/Sales Price
a) Price for power purchase/sale NA
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 2.15
Payback (years) 1