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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 150<br />

Table 3.8 Summary <strong>of</strong> pre-feasibility study <strong>of</strong> the textile sp<strong>in</strong>n<strong>in</strong>g mill<br />

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

Ther<br />

mal<br />

Match<br />

Powe<br />

r<br />

Match<br />

Therma<br />

l Match<br />

Powe<br />

r<br />

Match<br />

Therm<br />

al<br />

Match<br />

Powe<br />

r<br />

Match<br />

Installed power (kW) 238.00 875.00 4,157.00 875.00 1,843.00 875.00<br />

Fuel consumption (TJ/year) 88.90 326.10 382.50 80.50 205.70 97.70<br />

Electricity generated (MWh) 1,849.00 6,783.00 32,226.00 6,783.00 14,284.00 6,783.00<br />

Heat generated (TJ/year) 73.00 267.80 73.00 15.40 73.00 34.70<br />

Excess/deficit(-) power (MWh/year) -5,584.00 -650.00 24,793.00 -650.00 6,851.00 -650.00<br />

Excess/deficit(-) heat (TJ/year) -16.30 151.80 -16.30 -73.90 -16.30 -54.60<br />

Equipment power-to-heat ratio 0.091 0.09 1.87 1.87 0.80 0.80<br />

Total <strong>in</strong>vestment (million Taka) 13.74 50.40 179.59 37.80 88.44 42.00<br />

Net present value (million Taka) 16.94 20.37 234.12 68.43 110.84 64.59<br />

IRR (per cent) 33.20 21.30 34.10 40.80 33.40 37.20<br />

With gas turb<strong>in</strong>e thermal match (GTTM) option, about 90 per cent excess electricity is<br />

generated. Gas turb<strong>in</strong>e power match (GTPM) option takes care <strong>of</strong> all the power needs<br />

though heat deficit is as high as 60 per cent. This will require the adoption <strong>of</strong> auxiliary natural<br />

gas fir<strong>in</strong>g <strong>in</strong> the recovery boiler. The total <strong>in</strong>stallation cost <strong>of</strong> GTPM is 50 per cent less than<br />

that for GTTM.<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 <strong>and</strong> GTPM options.<br />

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

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

(IRR)<br />

42%<br />

40%<br />

38%<br />

36%<br />

34%<br />

32%<br />

30%<br />

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

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

41%<br />

40%<br />

39%<br />

38%<br />

37%<br />

36%<br />

35%<br />

REPM<br />

GTPM<br />

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

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

REPM<br />

GTPM<br />

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

Fuel Price Escalation Rate

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