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ERATO Best Practice No.1 - GBEfactory

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DESIGN AND CONSTRUCTION<br />

The project included production and installation of<br />

biomass boiler facilities, including biomass hot<br />

water boiler, wood chips warehouse, system for<br />

feeding of chips into the boiler chamber, ash<br />

cleaning system, exhausted gases cleaning<br />

system and PLC control system. Commissioning<br />

test and start-up were also implemented. The hot<br />

water is transported through pipe network with<br />

diameter 100 mm to the local sub station. From the<br />

substation the hot water is transported to the<br />

radiators in the plant’s premises.<br />

TECHNICAL DETAILS:<br />

TOTAL SURFACE (m 2 ): 1,222<br />

BOILER CAPACITY (kWth): 80<br />

TOTAL ANNUAL ENERGY (kWhth/yr.) 77,440<br />

BOILER EFFICIENCY (%): 92<br />

HOT WATER TEMPERATURE ( o C): 80<br />

WOOD CHIPS CONSUMPTION (t/yr.): 33<br />

WOOD CHIPS CALORICITY (kWh/kg): 2.56<br />

MONTHLY TOTAL THERMAL ENERGY<br />

GENERATED<br />

Monthly Energy Consumption, kWhth<br />

25000<br />

20000<br />

15000<br />

10000<br />

5000<br />

0<br />

3872<br />

11616<br />

15488<br />

2009-2010<br />

18586 20134<br />

Oct Nov Dec Jan Feb Mar<br />

MONTHLY WOOD CHIPS CONSUMPTION<br />

7744<br />

THERMAL ENERGY PRICES<br />

AND OTHER BENEFITS<br />

PARAMETERS OF INSTALLATION:<br />

Project design preparation: (February, 2009)<br />

Delivery and installation of equipment: (April,<br />

2009)<br />

Boiler house construction: (May, 2009)<br />

Commissioning test and start up: (July, 2009)<br />

Project completion: (August, 2009)<br />

Thermal Power (kWth): 80<br />

Thermal Energy Prices (€/kWth): 0.142<br />

BUSINESS PLAN<br />

An energy audit and business plan were prepared.<br />

The technical and financial calculation of ESCo<br />

operation has been made. The <strong>ERATO</strong> Holding<br />

Plc offers to the management of MEGA<br />

Engineering Ltd ESCo operation through energy<br />

contracting for selling of thermal energy. This<br />

energy is measured through a certified gauge.<br />

.<br />

CONSUMPTION PARAMETERS<br />

Costumer’s energy cost (€/kWhth): 0.142<br />

Thermal Power (kWth): 80<br />

Consumption TE (kWhth/yr.): 71,245<br />

ANNUAL PROJECT REVENUES<br />

Thermal Energy Sold to Customers (€/yr.): 10,127<br />

Wood Chips Costs (€/yr.): 1,155<br />

O&M Costs (€/yr.): 1,636 approx.<br />

Cash Revenues (€/yr.): 7,336<br />

Monthly Wood Chips Consumption, kg<br />

Mar<br />

Feb<br />

Jan<br />

Dec<br />

Nov<br />

Oct<br />

1686<br />

3310<br />

4942<br />

6590<br />

2009-2010<br />

7913<br />

8559<br />

0 1000 2000 3000 4000 5000 6000 7000 8000 9000<br />

After the project completion the building at MEGA<br />

Engineering Ltd is heated by high efficient biomass<br />

energy boiler using ecological fuel in the type of<br />

wood chips. The wood chips with humidity up to<br />

45% are produced by wood creeper with capacity<br />

of 12 m 3 /h. The generated thermal energy is<br />

distributed to the consumers through isolated pipe<br />

network.<br />

Annual Project Revenue (EUR/yr.)<br />

12,000 ЕUR<br />

10,000 ЕUR<br />

8,000 ЕUR<br />

6,000 ЕUR<br />

4,000 ЕUR<br />

2,000 ЕUR<br />

0 ЕUR<br />

-2,000 ЕUR<br />

-4,000 ЕUR<br />

10,127 ЕUR<br />

Thermal Energy Sold<br />

to Costumer<br />

Wood chips Costs<br />

-1,155 ЕUR<br />

FINANCIAL SCHEME<br />

Base project costs (€): 35,400<br />

Debt (€): 31,860<br />

Equity (€): 3,540<br />

Inflation index (%): 4.5<br />

Fixed Discount Rate (%): 7<br />

IRR (%): 18.3<br />

NPV (EUR): 46,020<br />

Payback Period (YR.): 5.45<br />

O&M Costs<br />

-1,636 ЕUR<br />

Thermal Energy<br />

Sold to Costumer<br />

Wood chips Costs<br />

O&M Costs

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