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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. 45,000-48,000 MWh
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 14 (see page 11 of grant application for
breakdown)
ii. Rated capacity of generators/boilers/other 20.05 MW (see page 11 of grant application)
iii. Generator/boilers/other type Fairbanks Morse, Enterprise, Caterpillar, Solar
iv. Age of generators/boilers/other Ranges from 1952-1998
v. Efficiency of generators/boilers/other Ranges from 9.3 kWh/gallon to 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 $1,157,000
ii. Annual O&M cost for non-labor $498,000
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] 82,706,851 kWh’s – 2008 gross generation
ii. Fuel usage
Diesel [gal] Estimated 987,000 gallons per year
Other LSR: Estimated 2,438,000 gallons per year
iii. Peak Load 13.40 MW (2008 actual)
iv. Average Load 11.40 MW (2008 actual)
v. Minimum Load 6.20 MW (2008 actual)
vi. Efficiency Ranges from 9.3 kWh/gallon to 14 kWh/gallon
vii. Future trends No growth
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] N/A
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 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]
Hydro
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 45,000,000 -48,000,000 kWh’s
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 $86,951,018
b) Development cost Unknown
c) Annual O&M cost of new system Estimated at $10/MWh
d) Annual fuel cost 0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 664,018 gallons (x $2.98) = $1,980,500
b) Price of displaced fuel $2.98 per gallon
c) Other economic benefits Other potential interconnection benefits not defined
d) Amount of Alaska public benefits
6. Power Purchase/Sales Price
a) Price for power purchase/sale Unknown, used 18.1¢ for assumption (CVEA’s
projected Allison Lake estimate)
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $139,263,029 / $86,951,018 = 1.60
Payback Maximum 41 years as shows on Attachment E
Many other benefits unknown at this time, will determine in the pre-
feasibility study
Renewable Energy Fund Grant Round III Grant Budget Form 10-7-09
Milestone or Task Anticipated
Completion Date
RE- Fund
Grant Funds
Grantee Matching
Funds
Source of Matching
Funds:
Cash/In-kind/Federal
Grants/Other State
Grants/Other
TOTALS
(List milestones based on phase and type of project.
See Attached Milestone list. )
Project scoping and contractor solicitation 3rd Qtr 2009 $ $0 Cash $0
Resource identification and analysis 3rd Qtr 2009 $ $1,000 Cash $1,000
Land use permits 3rd Qtr 2009 $ $5,000 Cash $5,000
Installation of stream gages 3rd Qtr 2009 $ $40,500 Cash $40,500
Preliminary permit application 1st Qtr 2010 $ $32,000 Cash $32,000
Literature review & environmental analysis 2nd Qtr 2010 $25,000 $9,300 Cash $9,300
Preliminary design analysis and cost estimate 4th Qtr 2010 $50,000 $18,600 Cash $68,600
Cost of energy and market analysis 1st Qtr 2011 $25,000 $9,300 Cash $34,300
Final report and recommendations 2nd Qtr 2011 $25,000 $9,300 Cash $34,300
TOTALS $125,000 $125,000 $250,000
Budget Categories:
Direct Labor & Benefits $ $ $
Travel & Per Diem $ $ $
Equipment $ $ $
Materials & Supplies $ $ $
Contractual Services $125,000 $125,000 $250,000
Construction Services $ $ $
Other $ $ $
TOTALS $125,000 $125,000 $250,000
Applications should include a separate worksheet for each project phase (Reconnaissance, Feasibility, Design and Permitting, and Construction)-
Add additional pages as needed
CVEA Silver Lake Project