HomeMy WebLinkAboutATTACHMENT B, CostWorksheet(ver2) Renewable Energy Fund
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 1
Application Cost Worksheet
Please note that some fields might not be applicable for all technologies or
all project phases. Level of information detail varies according to phase
requirements.
1. Renewable Energy Source - Glacier Fork Hydroelectric Project
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. Estimated plant capacity factor is 0.52 for an
installed capacity of 75 MW.
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation
a) Basic configuration (if system is part of the Railbelt 1 grid, leave this section blank)
i. Number of generators/boilers/other N/A
ii. Rated capacity of
generators/boilers/other
N/A
iii. Generator/boilers/other type N/A
iv. Age of generators/boilers/other N/A
v. Efficiency of generators/boilers/other N/A
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor N/A
ii. Annual O&M cost for non-
labor
N/A
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] N/A
ii. Fuel usage
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
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 2
Diesel
[gal]
N/A
Other N/A
iii. Peak Load N/A
iv. Average Load N/A
v. Minimum Load N/A
vi. Efficiency N/A
vii. Future trends N/A
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
3. Proposed System Design
a) Installed capacity 75 MW.
b) Annual renewable electricity generation
i. Diesel [gal or MMBtu]
ii. Electricity [kWh] 330,000,000 kWh
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry
tons]
vi. Other
4. Project Cost
Renewable Energy Fund
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 3
a) Total capital cost of new system $260 – $400 million
b) Development cost $5 million
c) Annual O&M cost of new system $5 million
d) Annual fuel cost $0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 3.25 BCF of natural gas.
ii. Heat -
iii. Transportation -
b) Price of displaced fuel $7.00/MCF
c) Other economic benefits System capacity, RECs, system efficiency,
reliability.
d) Amount of Alaska public
benefits
$304 million over 30 years, significantly more
over project design life.
6. Power Purchase/Sales Price
a) Price for power purchase/sale Unknown. $0.055/kWh assumed for energy.
Capacity is used as a public benefit.
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 310 million / 165 million = 1.88
Payback 30 years.