Life Cycle Cost Assessment for Summit 35 MW (Gas-based Power Plant)

Abstract

We have selected a power plant named Summit 35 MW Gas-Based power plant. To calculate or estimate unit generation cost. Financial and technical data has been collected from the EnergyPaC or primary technoeconomic data have been used for life cycle cost assessment. Tariff for consumer also estimated based on electricity bill or Results show that the per unit electricity generation for this power plant is 4.55 BDT. Estimated consumer tariff is ***. We compared the economical issue with Katakhali 50MW (Oil-based power plant). For gas and oil based we determined fuel cost. Then we determined the service cost. For service cost estimation we determined Operation and maintenance cost, Yearly Depreciation (for depreciation calculation we calculated Intangible plant, Production Plant & General Plant) Regulatory Working Capital, ECA Loan Calculation, Commercial Loan Calculation, Return on Equity Calculation. These are the non-fuel cost. Then we summation the fuel cost and non-fuel cost. Then we get the complete generating cost/Indicative cost for gas-based power plant and for oil-based power plant. Finally we compared them. We found that Gas-based power plant is cheaper than Oil-based power plant which is important.