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Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 1 9-15-10
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. 330,000,000 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 NA
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)
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)
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] -
ii. Electricity [kWh] -
iii. Propane [gal or MMBtu] -
iv. Coal [tons or MMBtu] -
v. Wood [cords, green tons, dry tons] -
vi. Other -
3. Proposed System Design Capacity and Fuel Usage
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 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 2 9-15-10
(Include any projections for continued use of non-renewable fuels)
a) Proposed renewable capacity
(Wind, Hydro, Biomass, other)
[kW or MMBtu/hr]
75 MW hydro with 52% capacity factor as ROR project
and 5-7 days of reservoir storage at full output.
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 330,000,000 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 $370,000,000
b) Development cost $5,000,000
c) Annual O&M cost of new system $4,950,000
d) Annual fuel cost zero
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 2.8 BCF of natural gas per year
ii. Heat -
iii. Transportation -
b) Current price of displaced fuel Approx $5.00 per MCF (current 2010)
8.76 per MCF (AEA estimate for 2017)
c) Other economic benefits Reduced Carbon Emissions, Capacity, etc.
d) Alaska public benefits New recreational opportunities, stable energy prices, etc.
6. Power Purchase/Sales Price
a) Price for power purchase/sale Estimated at 8 to 9 cents per kWh.
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $411.6M / $314.8M = 1.3
Payback (years) $314.8M / $17.1M = 18.4 years
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