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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
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. 20,500-24,700 MWh
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 14 (see page 8 of grant agreement for breakdown)
ii. Rated capacity of generators/boilers/other 20.05 MW (see page 8 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 (Includes operation of Solomon Gulch)
ii. Annual O&M cost for non-labor $498,000 (CVEA budget estimate 2008)
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank) – CVEA NOTE: Includes Solomon Gulch
i. Electricity [kWh] 82,267,391 kWh’s – 2007 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 Coincident peak 13.50 MW (2007 actual)
iv. Average Load 11.6 MW (2007 actual)
v. Minimum Load 6.3 MW (2007 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]
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
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
3. Proposed System Design
a) Installed capacity 4 MW
b) Annual renewable electricity generation
i. Diesel [gal or MMBtu]
ii. Electricity [kWh] Range of 20,500,000 – 24,700,000 kWh’s
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 $45,058,000
b) Development cost $40,320,000
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 3,125,000 gallons per year
ii. Heat
iii. Transportation
b) Price of displaced fuel $9,885,000 per year
c) Other economic benefits
d) Amount of Alaska public benefits
6. Power Purchase/Sales Price
a) Price for power purchase/sale Energy cost of 16.5-18.1¢ per kWh
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio $9,885,000 / $4,081,000 (1st year costs) = 2.42
Payback $45,058,000 / $4,830,000 = 9.32 years
Alaska Energy Authority - Renewable Energy Fund
BUDGET INFORMATION
BUDGET SUMMARY:
Milestone or Task Federal Funds State Funds
Local Match
Funds (Cash)
20%
Local Match
Funds (In-Kind)Other Funds TOTALS
1 - Reconnaissance $0 $200,000 $0 $200,000
2 a - Licensing & Feasibility (2007-2008)$0 $800,000 $0 $800,000
2 b - Licensing & Feasibility (2009-2011)$0 $1,168,000 $292,000 $1,460,000
3 - Final Design $0 $1,120,000 $280,000 $1,400,000
4 - Construction $0 $29,168,000 $7,292,000 $36,460,000
$0 $32,456,000 $7,864,000 $0 $0 $40,320,000
Milestone # or Task #
BUDGET CATAGORIES:1 2a 2b 3 4 TOTALS
Direct Labor and Benefits $0
Travel, Meals, or Per Diem $0
Equipment $4,380,000 $4,380,000
Supplies $0
Contractual Services $200,000 $800,000 $1,460,000 $1,400,000 $1,400,000 $5,260,000
Construction Services $30,680,000 $30,680,000
Other Direct Costs $0
TOTAL DIRECT CHARGES $200,000 $800,000 $1,460,000 $1,400,000 $36,460,000 $40,320,000
RFA AEA09-004 Budget Form