HomeMy WebLinkAbout06 Kenny Lake Costworksheet 9-10-2010
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. Superior Pellet Plant will produce 25,000 tons/year.
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 2 Burnham V1111 oil fired boilers
ii. Rated capacity of generators/boilers/other 1.87 MBH
iii. Generator/boilers/other type
iv. Age of generators/boilers/other 10
v. Efficiency of generators/boilers/other 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 $95,000 School
$9,500 heating estimate
ii. Annual O&M cost for non-labor $125,000 School
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] 20,695
ii. Electricity [kWh] 230,280
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]
1.8 million BTU/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] 165 tons
iv. Other
4. Project Cost
a) Total capital cost of new system $565,485
b) Development cost
c) Annual O&M cost of new system $3,914
d) Annual fuel cost $46065
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity
ii. Heat 18,000 GALLONS
iii. Transportation
b) Current price of displaced fuel $51,300
c) Other economic benefits Reduce hazard fuels, keep heating money within state,
increase business opportunities.
d) Alaska public benefits $32.82/acre for wild land fire suppression.
20 acres/year = $656.40
6. Power Purchase/Sales Price
a) Price for power purchase/sale
Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 3 7-21-10
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 10 year B/C is .55, 13 year B/C is 1.12, 30 year B/C is 18.61
Payback (years) 565,485/4559 = 120 years but this simple payback not considering
inflation. Actual will be 13 years.