HomeMy WebLinkAboutAELP_Round_IV_Costworksheet
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. 295 GWH/YR Generated
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 Three
ii. Rated capacity of generators/boilers/other 78 MW
iii. Generator/boilers/other type Hydro Generators
iv. Age of generators/boilers/other (2) 37 years old, (1) 21 years old
v. Efficiency of generators/boilers/other Approximately 80%
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor Approximately $0.5M
ii. Annual O&M cost for non-labor Approximately $1.9M
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] 295 GWH/YR
ii. Fuel usage
Diesel [gal]
Other Rain
iii. Peak Load 65 MW
iv. Average Load 40 MW
v. Minimum Load 25 MW
vi. Efficiency 80 %
vii. Future trends Increasing Load
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]
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [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 $4,019,600
b) Development cost $4,019,600
c) Annual O&M cost of new system 0
d) Annual fuel cost 0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 2,300,000 gallons during six week period in 2008.
ii. Heat
iii. Transportation
b) Current price of displaced fuel At a cost of $8,900,000
c) Other economic benefits
d) Alaska public benefits State Capital
6. Power Purchase/Sales Price
a) Price for power purchase/sale Diesel sale about $0.40/kwh, Hydro sale about
$0.11/kwh
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $8,900,000/$4,019,600 = 2.2
Payback (years) 0.05 years; realized by deferring one 19 day avalanche related outage.
Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 3 7-21-10