HomeMy WebLinkAboutRound_IV_Costworksheet -- TLHD Generation
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. 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 Railbelt1 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.
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]
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 (PV = 3%, 47 years, 829,800 = $20.7 million)
ii. Heat 130,266 x 4.50 = $ 586,197 (PV = 3%, 45 years, 586,197 = $14.4 million)
iii. Transportation
b) Current price of displaced fuel $4.15
c) Other economic benefits $0.35 fuel increase until operational, Improved health,
stable prices, economic growth
d) Alaska public benefits
6. Power Purchase/Sales Price
a) Price for power purchase/sale $.15 for 2,000,000 kWh year 3 for 47 years
$.15 for 6,000,000 kWh year 5 for 45 years
7. Project Analysis
Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 3 7-21-10
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