07.04.2013 Views

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

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

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

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Summary <strong>of</strong> country study – Bangladesh 146<br />

Table 3.6 Summary <strong>of</strong> pre-feasibility study <strong>of</strong> the vegetable oil ref<strong>in</strong>ery<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 />

Thermal<br />

Match<br />

Power<br />

Match<br />

Thermal<br />

Match<br />

Power<br />

Match<br />

Installed power (kW) 101.00 520.00 1,804.00 520.00 772.00 520.00<br />

Fuel consumption (TJ/year) 36.80 190.50 164.00 47.30 85.20 57.40<br />

Electricity generated (MWh) 771.00 3,984.00 13,819.00 3,984.00 5,914.00 3,984.00<br />

Heat generated (TJ/year) 30.20 156.30 30.20 8.70 30.20 20.40<br />

Excess/deficit(-) power (MWh/year) -3,458.00 -245.00 9,950.00 -245.00 1,685.00 -245.00<br />

Excess/deficit(-) heat (TJ/year) 1.60 112.00 1.60 -19.90 1.60 -8.30<br />

Equipment power-to-heat ratio 0.092 0.09 1.87 1.87 0.80 0.80<br />

Total <strong>in</strong>vestment (million Taka) 5.79 29.95 77.93 22.46 37.06 24.96<br />

Net present value (million Taka) 6.61 6.23 102.69 39.82 49.27 37.61<br />

IRR (per cent) 31.90 18.30 34.30 40.30 34.40 36.80<br />

With gas turb<strong>in</strong>e thermal match (GTTM) option, about 35 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, the sensitivity analysis carried out to see the impacts <strong>of</strong> the <strong>in</strong>crease <strong>in</strong> the<br />

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

options.<br />

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

45%<br />

40%<br />

35%<br />

30%<br />

25%<br />

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

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

REPM<br />

GTPM<br />

GTTM<br />

20%<br />

1% 2.50% 5% 7.50% 10% 12.50% 15%<br />

Internal Rate <strong>of</strong> Return (IRR)<br />

45%<br />

40%<br />

35%<br />

30%<br />

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

REPM<br />

GTPM<br />

GTTM<br />

25%<br />

5% 6% 7% 8% 9% 10% 11% 12% 13%<br />

Escalation Rate <strong>of</strong> Fuel Price

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!