HomeMy WebLinkAboutAEA Grant Costworksheet Renewable Energy Fund
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 – Nenana River Hydro
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. Seasonally available in warm months - 50%
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation – GVEA Power Generation 2007 Data
a) Basic configuration (if system is part of the railbelt grid, leave this section blank)
i. Number of generators/boilers/other
ii. Rated capacity of generators/boilers/other
iii. Generator/boilers/other type
iv. Age of generators/boilers/other
v. Efficiency of generators/boilers/other
b) Annual O&M cost
i. Annual O&M cost for labor $1,913,162 ($2.25/MWh)
ii. Annual O&M cost for non-labor $22,277,738 ($26.15/MWh) (includes interest and
depreciation)
c) Annual electricity production and fuel usage (fill in as applicable)
i. Electricity [kWh] 852,034,000 kWh (Total GVEA fossil fuel generation)
ii. Fuel usage (if system is part of the Railbelt grid, leave this section blank
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]
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
AEA 09-004 GVEA Nenana ROR Phase II Page 1
Renewable Energy Fund
3. Proposed System Design
a) Installed capacity 10 MW Hydro – seasonal operation
b) Annual renewable electricity generation
i. Diesel [gal or MMBtu]
ii. Electricity [kWh] 43,200,00 kWh
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
4. Project Cost
a) Total capital cost of new system $24,000,000 (10,000 kW at $2400/kW)
b) Development cost Included in capital cost
c) Annual O&M cost of new system $1,226,880 (based on $28.40/MWh actual 2007)
d) Annual fuel cost $ 0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 2,674,355 gallons of naphtha/year
ii. Heat
iii. Transportation
b) Price of displaced fuel $4,724,784/year ($109.37/MWh naphtha 2007 cost)
c) Other economic benefits
d) Amount of Alaska public benefits $3,497,904 net savings/year
6. Power Purchase/Sales Price
a) Price for power purchase/sale Current GVEA rates
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $104,937,120/$24,000,000 = 4.37 (benefit = net/yr x 30 years)
Payback 10 years at 6% interest and 2007 average naphtha fuel cost
AEA 09-004 GVEA Nenana ROR Phase II Page 2