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part 1: overview of cogeneration and its status in asia - Fire

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Summary <strong>of</strong> country study – Bangladesh 144<br />

Table 3.5 Summary <strong>of</strong> pre-feasibility study <strong>of</strong> the recycled paper mill<br />

Major Parameters Steam Turb<strong>in</strong>e Gas Eng<strong>in</strong>e Gas Turb<strong>in</strong>e<br />

Thermal<br />

Match<br />

Power<br />

Match<br />

Therm<br />

al<br />

Match<br />

Power<br />

Match<br />

Therm<br />

al<br />

Match<br />

Power<br />

Match<br />

Installed power (kW) 582.00 2,750.00 9,047.00 2,750.00 3,872.00 2,750.00<br />

Fuel consumption (TJ/year) 197.00 930.20 856.90 260.50 444.90 316.00<br />

Electricity generated (MWh) 4,647.00 21,945.00 72,197.00 21,945.00 30,889.00 21,945.00<br />

Heat generated (TJ/year) 157.90 745.90 157.90 48.00 157.90 112.20<br />

Excess/deficit(-) power (MWh/year) -18,765.00 -1,467.00 48,785.00 -1,469.00 7,487.00 1,467.00<br />

Excess/deficit(-) heat (TJ/year) -4.10 509.30 -4.10 -114.00 -4.10 -49.80<br />

Equipment power-to-heat ratio 0.106 0.11 1.87 1.87 0.80 0.80<br />

Total <strong>in</strong>vestment (million Taka) 33.54 158.40 390.84 118.80 185.86 132.00<br />

Net present value (million Taka) 43.28 68.05 56.20 225.05 273.09 213.44<br />

IRR (per cent) 34.00 21.70 35.90 41.90 36.30 38.30<br />

With gas turb<strong>in</strong>e thermal match (GTTM) option, about 30 per cent excess electricity is<br />

generated which may be acceptable. Gas turb<strong>in</strong>e power match (GTPM) option is also good<br />

as the 30 per cent deficit <strong>in</strong> the heat supplied can be met by auxiliary natural gas fir<strong>in</strong>g <strong>in</strong> the<br />

recovery boiler.<br />

Accord<strong>in</strong>gly, sensitivity analysis done to see the impacts <strong>of</strong> the <strong>in</strong>crease <strong>in</strong> the <strong>in</strong>vestment,<br />

fuel <strong>and</strong> electricity price escalation, was limited to REPM, GTTM <strong>and</strong> GTPM options.<br />

What if the <strong>in</strong>vestment cost <strong>in</strong>creases?<br />

What if the fuel price escalates faster?<br />

Int<br />

er<br />

na<br />

l<br />

42%<br />

40%<br />

Ra(IR<br />

38%<br />

te R) 36%<br />

<strong>of</strong><br />

Re<br />

tur<br />

34%<br />

32%<br />

REPM<br />

GTPM<br />

n 30%<br />

1% 3% 5% 8% 10% 13% 15%<br />

Internal Rate <strong>of</strong> Return<br />

(IRR)<br />

40.0%<br />

35.0%<br />

30.0%<br />

25.0%<br />

5.<br />

0<br />

%<br />

% <strong>of</strong> Increase Investment Cost<br />

6.<br />

0<br />

%<br />

7.<br />

0<br />

%<br />

REPM<br />

GTPM<br />

GTTM<br />

8.<br />

0<br />

%<br />

9.<br />

0<br />

%<br />

10<br />

.0<br />

%<br />

11<br />

.0<br />

%<br />

Fuel Price Escalation Rate<br />

12<br />

.0<br />

%<br />

13<br />

.0<br />

%

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