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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. 192,000 tons annual woody biomass woodchip
feedstock, 100 year rotation (DNR estimate)
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 Six Diesel Gensets
ii. Rated capacity of generators/boilers/other 6910 kWe (total of 6 units)
iii. Generator/boilers/other type Diesel CAT
iv. Age of generators/boilers/other 2-24 years old
v. Efficiency of generators/boilers/other 13%-14% (AP&T records)
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $416,896 (2.4￠/kWh)
ii. Annual O&M cost for non-labor $322,341 (1.8￠/kWh)
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] 17,403,748 kWh generated 2008
ii. Fuel usage
Diesel [gal] 1,268,323 gallons used in 2008, 871,129 gallons in 2009
Other $4,116,465 spent on fuel in 2008, $2,319,000 in 2009
iii. Peak Load 2MWe
iv. Average Load 1.4MWe
v. Minimum Load .9MWe
vi. Efficiency 13-14%
vii. Future trends Growth projected
d) Annual heating fuel usage (fill in as applicable) (Unmeasured; needs study)
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]
Biomass CHP 1.9MWh electrical
+ 9.6MMBtu/hr net usable thermal
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 15,552,000 kWh (assuming 8,000 hours)
ii. Heat [MMBtu] 76,800 MMBtu/hr of net usable heat (assuming 8,000 hrs)
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] 12,500 BDT (25,000 Green Tons)
iv. Other
4. Project Cost
a) Total capital cost of new system TBD
b) Development cost TBD
c) Annual O&M cost of new system TBD
d) Annual fuel cost 25,000 tons biomass x $45/T = $1,125,000 est
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 95% of diesel = 1,205,000 gallons (from 2009 usage)
ii. Heat Unknown
iii. Transportation N/A
b) Current price of displaced fuel 1,205,000 gal x $2.662 = 3,207,710 (average 2009)
1,205,000 gal x $3.29 = $3,964,450 (average 2008)
c) Other economic benefits Local jobs, lower power costs, reduced wildfire risk
d) Alaska public benefits Lower PCE (power cost equalization) expense
6. Power Purchase/Sales Price - N/A
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio TBD (Feasibility Analysis, Resource Assessment & Conceptual Design
grant request, to determine B/C ratio))
Payback (years) TBD