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Renewable Energy Fund Round 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 1 10-7-09
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. Up to 100%
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 3 (all info is for IPEC in Hoonah)
ii. Rated capacity of generators/boilers/other 610 KW, 855 KW, and 1000 KW
iii. Generator/boilers/other type Diesel Generators
iv. Age of generators/boilers/other 31, 17, 11 years
v. Efficiency of generators/boilers/other 14.25 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 $93,825
ii. Annual O&M cost for non-labor $1,085,066
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] 5,011,674 in 2008
ii. Fuel usage
Diesel [gal] 348,703 in 2008
Other
iii. Peak Load 900 KW
iv. Average Load 845 KW
v. Minimum Load 780 KW
vi. Efficiency 14.25 kWh per gallon of diesel consumed
vii. Future trends
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] n/a
ii. Electricity [kWh] n/a
iii. Propane [gal or MMBtu] n/a
iv. Coal [tons or MMBtu] n/a
v. Wood [cords, green tons, dry tons] n/a
vi. Other n/a
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 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 2 10-7-09
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)
[kWh or MMBtu/hr]
Unknown until further study is done, but at assuming 3-
6MW of geothermal energy
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 Estimated at $27,000,000 plus transmission
b) Development cost Included above
c) Annual O&M cost of new system Unknown but expected to be comparable to current
d) Annual fuel cost -0-
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 348,703 gallons or more
ii. Heat Unknown until resource is better defined
iii. Transportation Unknown until resource is better defined
b) Price of displaced fuel Approximately $1,085,000 (for Hoonah) for electric
c) Other economic benefits Could provide heat and transportation – unquantifiable
d) Amount of Alaska public benefits Unknown but substantial
6. Power Purchase/Sales Price
a) Price for power purchase/sale Unknown until resource is better defined
7. Project Analysis – these parts unanswerable without more study
a) Basic Economic Analysis
Project benefit/cost ratio
Payback