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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. 12MWh Grant Lake (+3MWh Lake Elva)
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 7 diesel generators
ii. Rated capacity of generators/boilers/other 455ekW, 5@ 1050ekW, 1135ekW
iii. Generator/boilers/other type
iv. Age of generators/boilers/other 2009, 2@2006, 2@2008, 2000, 1988
v. Efficiency of generators/boilers/other 14.16 kWh/gal
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $ 575,000.00 plant
ii. Annual O&M cost for non-labor $ 363,891.00 depreciation
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] 16,894,317 kWh - 2008
ii. Fuel usage
Diesel [gal] 1,250,000 gal
Other
iii. Peak Load 3.6MW
iv. Average Load 2MW
v. Minimum Load 1.6MW
vi. Efficiency
vii. Future trends
d) Annual heating fuel usage (fill in as applicable)
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 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]
2.7MW hydro
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 12MWh (+3 MWh Lake Elva)
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 $ 49,500,000.00
b) Development cost
c) Annual O&M cost of new system $1,800,000.00 plt & dep
d) Annual fuel cost
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 850,000 gal (@50%)
ii. Heat
iii. Transportation
b) Price of displaced fuel $ 2,524,500.00 (@ recent 3 yr avg of $2.97/gal)
c) Other economic benefits ($ 5,049,000.00 @ 30 yr avg diesel price of 5.94/gal)
d) Amount of Alaska public benefits (est. 30 yr fuel savings = >$150,000,000.00
6. Power Purchase/Sales Price
a) Price for power purchase/sale
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 1.3:1
Payback 20 years