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HomeMy WebLinkAbout7- Round V Project Cost-Benefit Worksheet�, Renewable Energy Fund Round 5 /GOEVGNE-'D ALASKA� enewaALASKA gv,ENERGYAUTHORITY MW-;ENERGYAUTHORITY project Cost/Benefit Worksheet 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. 8,000,000 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 Railbelt' grid, leave this section blank) i. Number of generators/boilers/other 1 435 kW CAT 3456 Genset ii. Rated capacity of generators/boilers/other 500 kW iii. Generator/boilers/other type Diesel iv. Age of generators/boilers/other New v. Efficiency of generators/boilers/other 13-14 kWh/gallon b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor 100,000 ii. Annual O&M cost for non -labor 150,000 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] 2,000,000 ii. Fuel usage Diesel [gal] 184,440 based on 2008 actual plus new lodge customer Other iii. Peak Load 400kW iv. Average Load 250kW v. Minimum Load 200kW vi. Efficiency 13-15kWh per gallon vii. Future trends Home heating conversion to electric heat, economic growth, new airport and ferry terminal d) Annual heating fuel usage (fill in as applicable) i. Diesel [gal or MMBtu] unknown ii. Electricity [kWh] Numerous space heaters iii. Propane [gal or MMBtu] Unknown iv. Coal [tons or MMBtu] none v. Wood [cords, green tons, dry tons] Common for residents to burn — 5% 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. RFA AEA12-001 Application Cost Worksheet Page 1 7-1-11 /ol--)) ALASKA/�) ALASKA Renewable Energy Fund Round 5 �iENERGY AUTHORITY ME-) ENERGY AUTHORITY project Cost/Benefit Worksheet 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] Hydro b) Proposed annual electricity or heat production (fill in as applicable) i. Electricity [kWh] 2,000,000 ii. Heat [MMBtu] Convert diesel home heat and utilize balance of available power or 6,000,000 kWh beginning in year 5 17,455 MMbtu c) Proposed annual fuel usage (fill in as applicable) i. Propane [gal or MMBtu] 0 ii. Coal [tons or MMBtu] 0 iii. Wood [cords, green tons, dry tons] 0 iv. Other 0 4. Project Cost a) Total capital cost of new system $10,780,108 b) Development cost $2.200,000+ $ 2,221,000=$4,421,000 c) Annual O&M cost of new system $85,000 per HDR d) Annual fuel cost 0 5. Project Benefits a) Amount of fuel displaced for i. Electricity 184,400 x 4.50 = $ 829,800 ii. Heat 130,266 x 4.50 = $ 586,197 iii. Transportation b) Current price of displaced fuel c) Other economic benefits d) Alaska public benefits 6. Power Purchase/Sales Price a) Price for power purchase/sale 7. Project Analysis $4.15 (PV = 3%, 47 years, 829,800 = $20.7 million) (PV = 3%, 45 years, 586,197 = $14.4 million) $0.35 fuel increase until operational, Improved health, stable prices, economic growth $.15 for 2,000,000 kWh year 3 for 47 years $.15 for 6,000,000 kWh year 5 for 45 years RFA AEA12-001 Application Cost Worksheet Page 2 7-1-11 /461F) ALASKA� ALASKA Renewable Energy Fund Round 5 �)ENERGY AUTHORITY ME:) ENERGY AUTHORITY project Cost/Benefit Worksheet a) Basic Economic Analysis Project benefit/cost ratio $20.7 + $14.4 = $35.1 million/ $15.2 million = 2.31 Payback (years) To be determined by later phases of the project RFA AEA12-001 Application Cost Worksheet Page 3 7-1-11