Subscribe

Advanced (ADV) Project Finance Models for Conventional, Fossil, Nuclear and Renewable Energy Power Generation Technologies – Price List and Specs

September 28th, 2014 Posted in cost of power generation

Advanced (ADV) Project Finance Models for Conventional, Fossil, Nuclear and Renewable Energy Power Generation Technologies – Price List and Specs (offer up to Sep 30, 2014 only)

Your power generation technology selection expert is pleased to make a final call to all project finance and power plant modelers to purchase the Advanced (ADV) Project Finance Models for Conventional, Fossil, Nuclear and Renewable Energy Power Generation Technologies.

The model consists of the following worksheets/tabs:

1) Cover Sheet (prints the title of the model run or case name)

2) Inputs & Assumptions (summarizes the inputs and outputs)

3) Sensitivity Analysis (to paste the values and results of each sensitivity run – use copy paste value)

4) Construction Period (builds up all-in capital cost = land, EPC, transmission line, switchyard & transformer, project development, civil works, working capital, VAT, contingency, financing costs)

5) Operating Period (calculates electrical output, electricity price, revenue, fuel consumption, O&M expenses, depreciation, property tax, business tax, gov’t imposts, working capital,  VAT recovery, local and foreign loan interest & principal repayment, and other balance sheet accounts)

6) Financials (income & expense statement, gross margin or EBITDA, depreciation, loan interest, income before tax, income tax, income after tax, principal repayment, cash flow, NPV, IRR, payback (project and equity portion), debt service, balance sheet, cash flow statement, levelized cost breakdown of price, expenses and net profit,

7) ASSET BASE – levelized cost of electricity (asset base, working capital, VAT, fuel cost, O&M, G&A, Local Taxes, Depreciation, VAT recovery, other adjustments = total assets) discounted at the pre-tax WACC

The price list for the ADV models as well as other versions is shown below:

 

TECHNOLOGY           US$
Cost of Power Generation Technologies.xls $258
Levelized cost of electricity.xls $306
Latest Feed-in-Tariff Rates for Renewable Energy Technologies.doc $94
Wind Turbine Price List.xls $1,210
Power Plant Emission Data and Model:  
Solid Fuel, Liquid Fuel, Gaseous Fuel Properties $450
Power Plant Emission Calculation Model by mass.xls $752
Power Plant Emission Calculation Model by concentration.xls $900
CDM Feed-in-Tariff Models for Renewable Energy:  
CDM Biomass Cogeneration Model.xls $1,800
CDM Biomass Direct Combustion Model.xls $1,800
CDM Biomass Gasification Model.xls $1,800
CDM Mini-Hydro Model.xls $1,800
CDM Ocean Thermal Model_10 MW.xls $1,800
CDM Ocean Thermal Model_50 MW.xls $1,800
CDM Solar PV Model.xls $1,800
CDM Wind Model.xls $1,800
ADVANCED Feed-in-Tariff Models for Renewable Energy:  
ADV Biomass Cogeneration Model.xls $1,200
ADV Biomass Direct Combustion Model.xls $1,200
ADV Biomass Gasification Model.xls $1,200
ADV Mini-Hydro Model.xls $1,200
ADV Ocean Thermal Model_10 MW.xls $1,200
ADV Ocean Thermal Model_50 MW.xls $1,200
ADV Solar PV Model.xls $1,200
ADV Wind Model.xls $1,200
ADV Solar PV-Diesel Hybrid Model.xls $2,000
ADV Wind-Diesel Hybrid Model.xls $2,000
Renewable Energy Resource Assessment Model:  
Wind Energy Resource Assessment Tool_Anemometer Measurement $1,000
Wind Energy Resource Assessment Tool_3TIER Prediction $1,000
MTO Project Finance Models:  
proj_diesel genset power plant model.xls $300
proj_hybrid power plant model (diesel, biomass, mini-hydro, solar, wind).xls $1,300
proj_oil thermal power plant model.xls $1,000
proj_coal thermal power plant model (pulverized, CFB, IGCC).xls $2,000
proj_geothermal power plant model.xls $2,000
proj_simple cycle GT plant model.xls $1,500
proj_combined cycle GT plant model.xls $2,000
proj_nuclear power plant model.xls $3,000
LP Models for Optimal Load Dispatch:  
Optimal Load Dispatch_Luzon_1.xls $1,558
Optimal Load Dispatch_Mindanao_1.xls $1,466
Optimal Load Dispatch_Visayas_1.xls $1,480
LP Model for Trigeneration.xls $1,306

 

As you can see, you got a very good price for a very complete and comprehensive project finance model.

This offer is good only up to September 30, 2014.

After this, I will be working full time with a major IPP and will not anymore provide consultancy and financial modeling services to its client.

Please email me to order the model you are interested to purchase:

    energydataexpert@gmail.com

I will then confirm your order and price and then provide you with my bank account details.

Then remit payment via bank/wire transfer to my account soonest so I can email you the final model with some quick instructions.

Alternatively, you may use the DONATE button to pay the amount using PAYPAL and please specify the model you ordered via email and also in the PAYPAL payment using the link:

https://www.paypal.com/ph/cgi-bin/webscr?cmd=_flow&SESSION=TvtxKCJxGjh4mDWqm8uDpxas1dDicrrwQgjdpdD51IeFE2Z1Ef4qcdPDyZe&dispatch=5885d80a13c0db1f8e263663d3faee8dbd0a2170b502f343d92a90377a9956d7

====

Following is the summary of inputs and outputs of the ADV project finance models:

====

 

Summary of Inputs and Results at 16.0% p.a. Equity IRR ( 30% equity and 70% debt )
                            PhP/kWh First Year PhP/kWh Levelized Tariff PhP/kWh
Comparative Cost of Electricity (PhP/kWh): CP, months OP, years MW Net CF, % EPC, $/kW All in, $/kW $/kW/yr $/MWh TE, % HR, Btu/kWh FR, kWh/MT Fuel Cost & Units
Biomass Gasification (27.09%, 4,000 Btu/lb) – 6.63 FIT 24 20 28.500 83.00% $2,628 $4,114 102.43 5.26 27.09% 12,598 700 1,297 PhP/MT 1.853 6.853 8.119
Biomass Cogeneration (26.00%, 4000 Btu/lb) – 6.63 FIT 24 20 34.000 83.00% $2,686 $4,114 105.63 5.26 26.00% 13,124 672 1,297 PhP/MT 1.930 7.032 8.295
Biomass Direct Combustion (28.00%, 4000 Btu/lb) – 6.63 FIT 24 20 8.300 83.00% $2,614 $4,114 105.63 5.26 28.00% 12,186 724 1,297 PhP/MT 1.792 6.817 8.084
Biomass IGCC (26.00%, 4000 Btu/lb) – 6.63 FIT 24 20 20.000 83.00% $2,670 $4,114 105.63 5.26 26.00% 13,124 672 1,297 PhP/MT 1.930 6.994 8.260
Biomass WTE (18.96%, 4000 Btu/lb) – 6.63 FIT 24 20 50.000 83.00% $5,428 $8,312 392.82 8.75 18.96% 17,996 490 1,297 PhP/MT 2.647 13.514 15.928
CFB Coal 50 mw (34.76%, 10,000 Btu/lb) 36 25 50.000 85.00% $1,846 $2,934 31.18 4.47 34.76% 9,816 2,246 3,740 PhP/MT 1.665 5.323 5.748
CFB Coal 135 mw (41.18%, 10,000 Btu/lb) 36 30 135.000 85.00% $2,134 $3,374 35.86 5.14 38.77% 8,800 2,505 3,740 PhP/MT 1.493 5.440 5.730
PC Coal 400 mw – subcritical (44.45%, 10,000 Btu/lb) 36 30 400.000 85.00% $2,068 $3,246 37.80 4.47 44.45% 7,677 2,872 3,740 PhP/MT 1.302 5.193 5.476
PC Coal 500 mw – supercritical (47.79%, 10,000 Btu/lb) 36 30 500.000 85.00% $2,068 $3,246 37.80 4.47 47.79% 7,139 3,088 3,740 PhP/MT 1.211 5.066 5.328
PC Coal 650 mw – ultrasupercritical (51.22%, 10,000 Btu/lb) 36 30 650.000 85.00% $2,068 $3,246 37.80 4.47 51.22% 6,662 3,309 3,740 PhP/MT 1.130 4.934 5.175
Diesel Oil Genset (32.00%, 19,200 Btu/lb) 24 20 50.000 40.00% $709 $1,100 4.00 30.00 32.00% 10,663 3,970 54,438 PhP/MT 13.713 23.194 27.471
Fuel Oil Genset (36.00%, 18,300 Btu/lb) 24 20 225.000 50.00% $853 $1,300 6.00 50.00 36.00% 9,478 4,257 36,066 PhP/MT 8.473 17.011 19.948
Fuel Oil Thermal (38.00%, 18,300 Btu/lb) 24 20 200.000 75.00% $991 $1,511 30.22 2.30 38.00% 8,979 4,493 36,066 PhP/MT 8.027 12.998 15.234
Geothermal (28.00%, 1,104 Btu/lb) 36 25 100.000 92.00% $3,973 $6,243 132.00 1.00 28.00% 12,186 200 562 PhP/MT 2.814 8.962 10.129
Large Hydro 36 30 500.000 52.00% $2,128 $2,936 14.13 1.00             3.618 3.895
Mini Hydro – 5.90 FIT 24 20 6.000 43.33% $2,199 $3,523 16.96 1.20             5.770 6.902
Solar PV Farm (1 mw) – 9.68 FIT (Chinese) 12 20 1.056 20.83% $1,842 $2,614 18.50 1.50             9.416 10.317
Solar PV Farm (25 mw) – 9.68 FIT 12 20 25.000 25.00% $2,122 $2,789 18.50 1.30             8.497 9.048
Wind Farm Onshore – 8.53 FIT 24 25 30.000 34.00% $1,627 $2,213 39.55 1.00             5.119 5.124
Wind Farm Offshore – 8.53 FIT 24 25 200.000 37.00% $4,761 $6,230 74.00 2.00             13.320 12.606
Ocean Thermal (10 mw) 48 30 16.000 60.00% $10,000 $14,170 85.02 5.42             19.156 16.425
Ocean Thermal (50 mw) 48 30 80.000 60.00% $8,000 $11,194 33.58 2.13             14.546 12.336
Nuclear Uranium PHWR (33.23%, 3,900 GJ/kg) 48 30 1,330.000 90.00% $2,275 $3,687 93.28 2.14 33.23% 10,268 360,000,000 33,660,000 PhP/MT 0.094 3.746 3.573
Natgas Thermal (45.00%, 22,129 Btu/lb) 36 25 200.000 60.00% $634 $1,000 30.00 5.00 38.00% 8,979 5,433 18,521 PhP/MT 3.409 6.510 7.572
Natgas Simple Cycle (38.00%, 22,129 Btu/lb) 36 30 70.000 30.00% $609 $973 7.34 15.45 31.45% 10,849 4,497 18,521 PhP/MT 4.119 8.847 9.939
Natgas Combined Cycle (53.07%, 22,129 Btu/lb) 36 30 500.000 87.00% $583 $917 13.17 3.60 53.07% 6,429 7,588 18,521 PhP/MT 2.441 4.098 5.028
CP – Construction period, months
OP – Operating period (Economic life), years
MW – Mega Watts installed capacity
Net CF – Net Capacity Factor (after plant own use and losses), % of installed capacity
EPC – Engineering Procurement Construction cost per kW
All in – All in Cost per kW (EPC + Owners Cost + Working Capital + Financing Cost)
$/kW/yr – Fixed O&M
$/MWh – Variable O&M (excluding fuel)
TE – Thermal Efficiency, % of GHV (Gross Heating Value)
HR – Heat Rate, Btu (GHV) / kWh (Gross Generation)
FR – Fuel Rate, kWh (Gross Generation) / MT
Fuel Cost in native units
PhP/kWh – Fuel Cost in PhP/kWh (from fuel cost in native units and Heat Rate)
Tariff – First Year Tariff, PhP/kWh (selling price needed to meet minimum equity IRR)
MT – metric tonnes (1,000 kg) HR (kJ / kWh) = 3,600 / TE   1 US$ = 44.00 PhP                    
Exchange Rate – 44.00 PhP per US$ HR (Btu / kWh) = (3600 / 1.05506) / TE                        

 

====

 

Fuel Properties and Gross Heating Value
                     
Comparative Cost of Electricity (PhP/kWh): Gross Heating Value   Fuel Cost, in US$   Fuel Cost, in PhP   Density, Factor Fuel Technology
Biomass Gasification (27.09%, 4,000 Btu/lb) – 6.63 FIT 4,000 Btu/lb     1.297 PhP/kg 1000 kg/MT Biomass Gasification
Biomass Cogeneration (26.00%, 4000 Btu/lb) – 6.63 FIT 4,000 Btu/lb     1.297 PhP/kg 1000 kg/MT Biomass Cogeneration
Biomass Direct Combustion (28.00%, 4000 Btu/lb) – 6.63 FIT 4,000 Btu/lb     1.297 PhP/kg 1000 kg/MT Biomass Direct Combustion
Biomass IGCC (26.00%, 4000 Btu/lb) – 6.63 FIT 4,000 Btu/lb     1.297 PhP/kg 1000 kg/MT Biomass IGCC
Biomass WTE (18.96%, 4000 Btu/lb) – 6.63 FIT 4,000 Btu/lb     1.297 PhP/kg 1000 kg/MT Biomass WTE
CFB Coal 50 mw (34.76%, 10,000 Btu/lb) 10,000 Btu/lb 85.00 $/MT 3.740 PhP/kg 1000 kg/MT Coal CFB 50 mw
CFB Coal 135 mw (41.18%, 10,000 Btu/lb) 10,000 Btu/lb 85.00 $/MT 3.740 PhP/kg 1000 kg/MT Coal Coal CFB 135 mw
PC Coal 400 mw – subcritical (44.45%, 10,000 Btu/lb) 10,000 Btu/lb 85.00 $/MT 3.740 PhP/kg 1000 kg/MT Coal PC subcritical
PC Coal 500 mw – supercritical (47.79%, 10,000 Btu/lb) 10,000 Btu/lb 85.00 $/MT 3.740 PhP/kg 1000 kg/MT Coal PC supercritical
PC Coal 650 mw – ultrasupercritical (51.22%, 10,000 Btu/lb) 10,000 Btu/lb 85.00 $/MT 3.740 PhP/kg 1000 kg/MT Coal PC ultrasupercritical
Diesel Oil Genset (32.00%, 19,200 Btu/lb) 19,200 Btu/lb     46.000 PhP/L 0.845 kg/L Diesel Diesel Oil Genset
Fuel Oil Genset (36.00%, 18,300 Btu/lb) 18,300 Btu/lb     34.840 PhP/L 0.966 kg/L Bunker Fuel Oil Genset
Fuel Oil Thermal (38.00%, 18,300 Btu/lb) 18,300 Btu/lb     34.840 PhP/L 0.966 kg/L Bunker Fuel Oil Thermal
Geothermal (28.00%, 1,104 Btu/lb) 1,104 Btu/lb     5.248 $/GJ 5.537 $/mmBtu Geothermal Dual Flash
Large Hydro                 Water Large Hydro
Mini Hydro – 5.90 FIT                 Water Mini-hydro
Solar PV Farm (1 mw) – 9.68 FIT (Chinese)                 Solar Solar PV 1 mw
Solar PV Farm (25 mw) – 9.68 FIT                 Solar Solar PV 25 mw
Wind Farm Onshore – 8.53 FIT                 Wind Onshore Wind 30 mw
Wind Farm Offshore – 8.53 FIT                 Wind Offshore Wind 200 mw
Ocean Thermal (10 mw)                 Ocean OTEC 10 mw
Ocean Thermal (50 mw)                 Ocean OTEC 50 mw
Nuclear Uranium PHWR (33.23%, 3,900 GJ/kg) 1,676,708,808 Btu/lb 765000.00 $/MT 33660.000 PhP/kg 1000 kg/MT Uranium Nuclear PHWR
Natgas Thermal (45.00%, 22,129 Btu/lb) 22,129 Btu/lb     8.628 $/GJ 9.103 $/mmBtu Natgas Gas Thermal
Natgas Simple Cycle (38.00%, 22,129 Btu/lb) 22,129 Btu/lb     8.628 $/GJ 9.103 $/mmBtu Natgas Simple Cycle GT
Natgas Combined Cycle (53.07%, 22,129 Btu/lb) 22,129 Btu/lb     8.628 $/GJ 9.103 $/mmBtu Natgas Combined Cycle GT

 

====

The inputs & assumptions worksheet looks like this (example for a biomass cogeneration power plant:

====

 

Cogeneration Typical Biomass Power Project
Inputs and Assumptions
  Project Site Name & Location – technology Cogeneration                
  Renewable Energy Source – fuel Biomass   Technical and EPC Assumptions       Debt and Equity Assumptions    
  Hours per Year 8760   Unit Capacity of Plant (MW/unit) 17.000     Local/Foreign Capital Mix:    
        No. of Units (unit) 2.0       Local Capital 48.1%  
  Timing     Gross Installed Capacity (MW) 34.00       Foreign Capital 51.9%  
    Construction Period (from FC) (months) – maximum 36 months 24                
    Operating Period (Yrs from COD) – maximum 30 years 20   Plant Availability Factor, % 97.08%     Debt:    
    Yrs from base year CPI & Forex (2009) for FIT 4   Guaranteed Efficiency Factor, % 95.00% 92.2%     Local & Foreign Upfront & Financing Fees 2.00%  
    Yrs from base year CPI (2011) for CAPEX 1   Allowance for losses & own use, % 10.00%       Local & Foreign Commitment Fees 0.50%  
    Yrs from base year CPI (2011) for OPEX 3   Net Capacity Factor after losses & own use, % 83.00%       Local All-in Interest Rate excluding tax 10.00%  
  Construction Sources and Uses of Funds, $000     Net Electrical Output (MWh in 1st Year) 247,207       Local Debt Payment Period (from end of GP) (Yrs) 10  
    Uses of Fund:     Plant Degration, % p.a. (1-20 Yrs) 0.20% % LC     Foreign All-in Interest Rate excluding tax 8.00%  
      Land Cost $0   Land cost, $000 $0.00 100.0%     Foreign Debt Payment Period (from end of GP) (Yrs) 10  
      EPC (Equipment, Balance of Plant, Transport, Access Roads) $91,328   Equipment Cost ex BOP, Transport ($000/MW) $2,086.36 11.4%     Local and Foreign Grace Period from COD (months) 6  
      Transmission Line Interconnection Facility $42   Insurance, Ocean Freight, Local Transport 4.5% 100.0%     Local and Foreign debt Service Reserve (months) 6  
      Sub-Station Facility $818   Balance of Plant (BOP), % of Equipment Cost 21.0% 100.0%     Debt Ratio 70%  
      Development & Other Costs $14,077   Transmission Line Distance (km) 1.00       Total Local Debt ($000) – 30% $25,320  
      Construction Contingency $4,260   T/L Cost per km, 69 kV ($000/km) $40.00 100.0%     Total Foreign Debt ($000) – 70% $72,593  
      Value Added Tax $8,105   Switchyard & Transformers ($000) $786.21 100.0%       Total Debt Amount ($000) $97,913  
      Financing Costs $11,035   Access Roads ($000/km) $181.82 100.0%        
      Initial Working Capital $10,212   Distance of Access Road (km) 1.00     Equity: 16.00%  
    Total Uses of Fund $139,876   Dev’t & Other Costs (land, permits, etc) (% of EPC) 15.0% 100.0%     Equity Ratio 30%  
        VAT on importation (70% recoverable) 12% 100.0%     Equit Investment $41,963  
    Sources of Fund:     Initial Working Capital (% of EPC) 11.0% 100.0%     Cost of Equity (Onshore Equity IRR) – Nominal 16.00%  
      Debt $97,913   Contingency (% of Total Cost) 4.0% 50.0%     Cost of Equity (Onshore Equity IRR) – Real 11.54%  
      Equity $41,963   SET NPV (G28) TO ZERO BY VARYING FIT (F30) – ctrl +e   (0)   Press ctrl + d to converge CF, all-in cost, var & fix costs    
    Total Sources of Fund $139,876   Operating Assumptions   Equitty IRR   WACC pre-tax 11.30%  
          Feed-in-Tariff (PhP/kWh) – 6.63 FIT 7.032 16.00%   WACC after-tax 10.17%  
    Construction Unit Costs (US$/kW):       Duration of FiT (Yrs) 20 Project IRR        
      EPC Cost $2,686     Tariff post FiT period (PhP/kWh) 7.000 12.95%   Tax Assumptions    
      Plant Cost (Excluding VAT, Financing, Working Capital) $3,251     FiT using Asset Base Methodology (PhP/kWh) 8.295 8.295     Income Tax Holiday (Yrs) 7  
      All-in Project Cost $4,114     Annual CER Volume (tCO2e/year) and $/tCO2e                –   $5.00     Income Tax Rate % (after ITH) 10%  
    Target EPC Cost $2,600             Property tax (from COD) 1.5%  
    Variance $86     O&M Cost ($000/unit/year) $1,769.10       Property tax valuation rate (% of NBV) 80%  
  Model Check:       Spare Parts, Tools & Equipment ($000/MW/yr) $6.92       Local Business Tax 1.0%  
  Balance Sheet OK     O&M + Spares as % of EPC, T/L, S/S 4.09%       Government Share (from COD) 0.0%  
  Foreign Debt Amorization OK     Refurbishment Cost (% of EPC) 30%       ER 1-94 Contribution (PhP/kWh) 0.01  
  Local Debt Amortization OK     Timing of Refurbishment (Year from COD) 10       Withholding Tax on Interest (Foreign Currency) – WHT 10%  
  Depreciation OK     G&A ($000/year) $10       Gross Receipts Tax on Interest (Local Currency) – GRT 5%  
  Sources and Uses of Funds  OK     Fuel Cost (switch for Biomass: 1=yes, 0=no) 1          
  Debt-to-Equity Ratio  OK       Average Fuel Cost (PhP/mt)       1,297.00     Economic Assumptions    
            Fuel Rate (kWh/mt)         671.95       Base Foreign Exchange Rate (PhP/US$) – 2009 47.8125  
  Base Years         Average Fuel Consumption (mt/year)        412,915       Forward Fixed Exchange Rate (2011) 44.0000  
    Base year CPI & Forex for FiT 2009       Average Unit Cost of Fuel (PhP/kWh)           3.268       Base Local CPI – 2009 160.00  
    Base year CPI for CAPEX 2011             Annual Local CPI 4.0%  
    Base year CPI for OPEX 2011     Days Receivable & Payable 30 30     Annual US CPI 2.0%  
          VAT Recovery 70%       Annual Peso Depreciation Rate 2.0%  
  Commercial Operating Date 2013     Timing of VAT recovery (Yrs after COD) 5          
                     
                     
        Gross Heating Value 4,000 Btu/lb        
          2.2046 lb/kg        
          1000 kg/MT        
          8,818,400 Btu/MT        
        Efficiency, % 26.00% of GHV        
        Plant Heat Rate 3600 kJ/kWh        
          1.05506 kJ/Btu        
          3,412 Btu/kWh        
          13,124 Btu/kWh        
        Fuel Rate 671.95 kWh/MT        
        Cost of Fuel 1,297.00 PhP/MT        
          671.95 kWh/MT        
                    1.930 PhP/kWh        
        Density 1000 kg/MT        
        Cost per kg 1.297 PhP/kg        

 

====

 

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>