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HomeMy WebLinkAboutRound_IV_CostworksheetStetsonCreek Renewable Energy Fund Round 4 Project Cost/Benefit Worksheet RFA AEA11-005 Application Cost Worksheet Page 1 7-21-10 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. 5,500 acre feet of water (= 5,500 MW h) 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 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 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 7-21-10 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] No increase to existing Cooper Lake capacity. b) Proposed annual electricity or heat production (fill in as applicable) i. Electricity [kWh] 5,500,000 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 Hydro 4. Project Cost a) Total capital cost of new system $23,900,000 b) Development cost 2,352,160 c) Annual O&M cost of new system $ 160,000 (mid pt. of est. range) d) Annual fuel cost $ 0 5. Project Benefits a) Amount of fuel displaced for i. Electricity 41,666 mcf/year ii. Heat iii. Transportation b) Current price of displaced fuel $7.91/mcf beginning in 2015 c) Other economic benefits d) Alaska public benefits Fish habitat, recreation, jobs, etc. 6. Power Purchase/Sales Price a) Price for power purchase/sale $.06/kWh (rate for Generation part of Chugach’s rates) 7. Project Analysis a) Basic Economic Analysis Project benefit/cost ratio 0.45 Payback (years) 34.5