Study on Renewable Energy Resources, Oman - authority for ...
Study on Renewable Energy Resources, Oman - authority for ...
Study on Renewable Energy Resources, Oman - authority for ...
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<strong>Renewable</strong> <strong>Energy</strong> <strong>Resources</strong> in <strong>Oman</strong><br />
Table 7.3 below shows the similar calculati<strong>on</strong> <strong>for</strong> Solar Thermal Power (CSP).<br />
Table 7.3 Subsidy scenario <strong>for</strong> Solar Thermal Power<br />
Natural Gas<br />
Price<br />
USD/MMBtu<br />
Generati<strong>on</strong> Cost<br />
per MWh<br />
Gas Turbine<br />
USD<br />
Generati<strong>on</strong> Cost<br />
per MWh<br />
Solar<br />
USD<br />
Difference<br />
Subsidy per<br />
MWh<br />
USD<br />
Annual subsidy<br />
required to<br />
support 1450<br />
MW<br />
Mill USD<br />
1.5 28 207 179 453<br />
3.0 43 207 164 415<br />
3.0<br />
with depleti<strong>on</strong><br />
premium<br />
56 207 151 382<br />
6.0 73 207 134 339<br />
Total costs are sensitive to actual installed capacity. It is assumed that 1450 MW<br />
of solar thermal power capacity can be established with an annual producti<strong>on</strong> of<br />
2,530 GWh. The annual subsidy to support this capacity is shown in the right<br />
hand column. It varies between USD 339 Mill and USD 453 Mill per year depending<br />
<strong>on</strong> the natural gas price.<br />
In comparis<strong>on</strong> the annual subsidy to MIS licensed suppliers in 2006 was around<br />
USD 250 Mill. This subsidy is the difference between the ec<strong>on</strong>omic cost of the<br />
companies and Permitted Tariff Revenue.<br />
Page 120 of 134<br />
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