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HomeMy WebLinkAboutCost Worksheet Renewable Energy Fund RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 1 of 3 Z:\AEA Grant 2008\Girdwood Valley CHP\GV Costworksheet.doc 08-Oct-2008 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 The Applicant should demonstrate that the renewable energy resource is available on a sustainable basis. Annual average resource availability. 5,281,560 kWh, 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 Railbelt1 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 (if system is part of the Railbelt grid, leave this section blank) i. Annual O&M cost for labor ii. Annual O&M cost for non-labor 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] ii. Fuel usage 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] 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 of 3 Z:\AEA Grant 2008\Girdwood Valley CHP\GV Costworksheet.doc 08-Oct-2008 iii. Propane [gal or MMBtu] iv. Coal [tons or MMBtu] v. Wood [cords, green tons, dry tons] vi. Other 3. Proposed System Design a) Installed capacity 890 kW (125 kW x2, 50kW, 340 kW & 250kW) b) Annual renewable electricity generation i. Diesel [gal or MMBtu] ii. Electricity [kWh] 5,868,400 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 $ 4,046,375 b) Development cost $ 1,185,375 c) Annual O&M cost of new system $ 124,000 Non requested from AEA/Grant d) Annual fuel cost $ 280,000 Non requested from AEA/Grant 5. Project Benefits a) Amount of fuel displaced for i. Electricity Est.: $100,000 ii. Heat Est.: $40,000 iii. Transportation b) Price of displaced fuel See electric and heat above (5a) c) Other economic benefits -The combined total annual excess amount of kWh produced from the multiple system approach the UAA Discovery/Research Center will incorporate is over 4,500,000 kWh, after heating and powering both the school and the center. This excess electricity, sold back to Chugach Electric via a “SNAP” type program at approximately $.07 cents/kWh would generate annual revenue of approx. $ 315,000. Total revenue is approx. $434,000. Renewable Energy Fund RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 3 of 3 Z:\AEA Grant 2008\Girdwood Valley CHP\GV Costworksheet.doc 08-Oct-2008 -AGE will offer a 15% reduction in utility costs from current costs to the Girdwood school while providing free heat and electricity for the UAA Discovery and Research Center. d) Amount of Alaska public benefits There are numerous non-economic benefits to the Alaska public. The synergy The primary source of funds for the PROJECT is through AEA Renewable Energy Fund Grant Program. A total of $1,422,600 has already been expended to make the Kircher Well construction ready. The unique feature of this PROJECT is the commitment to repay the State the $6.6 million needed to complete the Kircher Well. Our total cost to the AEA Renewable Energy Fund Grant program would be closer to $14,000,000. Please refer to Tab 7C Grant Budget for details. The synergy created from a alternative energy Discovery and Research Center is immeasurable. Public awareness of the Center and the ideas created in the minds of the students, men women and children exposed to such a facility, creates lasting positive impressions of potential alternative resources we must find and develop. The facility will attract national attention and focus needed funds toward research and development of alternative renewable energy resources for our state and country. 6. Power Purchase/Sales Price a) Price for power purchase/sale 15% reduction for Girdwood Elementary School utilities. 7. Project Analysis a) Basic Economic Analysis Project benefit/cost ratio 15% reduction in Girdwood Elementary utility costs while providing free utilities to the UAA Discovery and Research Center. An estimated .8 to 1.2 project benefit/cost ratio. Payback Education and research for UAA students for possible discovery of renewable energy resource for use in rural settings.