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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 154<br />

Table 3.10 Summary <strong>of</strong> pre-feasibility study <strong>of</strong> the hotel<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 />

Therm<br />

al<br />

Match<br />

Powe<br />

r<br />

Match<br />

Therm<br />

al<br />

Match<br />

Powe<br />

r<br />

Match<br />

Installed power (kW) 653.00 900.00 10,137.00 900.00 4,339.00 900.00<br />

Fuel consumption (TJ/year) 230.00 317.50 1,001.50 88.90 520.00 107.90<br />

Electricity generated (MWh) 5,400.00 7,490.00 84,376.00 7,490.00 36,112.00 7,490.00<br />

Heat generated (TJ/year) 184.60 254.60 184.60 16.40 184.60 38.30<br />

Excess/deficit(-) power (MWh/year) -3,149.00 -1,090.00 75,796.00 -1,090.00 27,532.00 -1,090.00<br />

Excess/deficit(-) heat (TJ/year) 47.00 92.10 47.60 -120.60 47.60 -98.70<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) 37.59 51.84 438.00 38.88 208.29 43.20<br />

Net present value (million Taka) 41.11 44.61 597.67 78.61 249.30 74.83<br />

IRR (per cent) 31.20 28.00 34.90 43.50 32.60 39.80<br />

With gas turb<strong>in</strong>e thermal match (GTTM) option, about 320 per cent excess electricity is<br />

generated, which has to be sold as <strong>in</strong> the RETM option. Gas turb<strong>in</strong>e power match (GTPM)<br />

option takes care <strong>of</strong> all the power needs though heat deficit is as high as 60 per cent. This<br />

will require the adoption <strong>of</strong> auxiliary natural gas fir<strong>in</strong>g <strong>in</strong> the 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 STPM, REPM <strong>and</strong> GTPM<br />

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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