Program for the determination of the capital costs of generator systems

cogen option add 200 €/kW

Reference specific investments typical duration project realisation fuel costs
€/kW months €/GJ (LHV)
hard coal steam 1200 36 3.5
lignite steam 1300 40 3
nuclear steam 2500 48 1
natural gas combined cycle 600 24 7
coal gasification combined cycle 1600 50 3.5
reciprocating engine < 1 MW 700 4 7
reciprocating engine 5 MW 500 6 7
gas turbine < 1 MW 1000 4 7
gas turbin > 10 MW 500 6 7
windmill onshore 1200 4 0
windmill offshore 2100 6 0
Biomass steam 3000 18 2
 Reference data based on the WP3 report

tion add 200 €/kW

gross eff. system usenetwork loss fixed annual costs variable O&M costs specific CO2 emissions
% LHV % of gross % of gross €/kW €cents/kWh g/MJ
46 7 5 16 0.5 98
42 7 5 18 0.6 109
46 6 5 21 0.6 1.6
57.5 4 5 10 0.5 56
48 7 5 16 0.8 98
39 2 2 24 0.6 56
45 2 2 15 0.5 56
20 2 2 20 1.5 56
38 2 2 8.5 0.4 56
100 2 2 12 0.4 2.5
100 2 3 18 0.5 4
18 3 2 30 1.5 6
ific CO2 emissions

hard coal steam

lignite steam
nuclear steam
natural gas combined cycle
coal gasification combined cycle
reciprocating engine < 1 MW
reciprocating engine > 1 MW
gas turbine < 1 MW
gas turbine < 1 MW
windmill onshore
windmill offshore
Biomass steam
Section for the determination of the specific capital costs
power plant type hard coal steam gas turbine < 1 MW
lignite steam
8 nuclear steam
natural gas combined cycle
gas turbine < 1 MW coal gasification combined cycle
reciprocating engine < 1 MW
reciprocating engine > 5 MW
gas turbine < 1 MW
gas turbine >10 MW
windmill onshore
windmill offshore
biomass steam

2 ● no cogeneration ● cogeneration okay

Additional investment for cogeneration 200 €/kW
Adjust 100
500 1000
Reference price 1200 €/kW
Adjust
720 6
Price for this project 1420

Typical construction time 4 months

Selected construction time 6 months

Typical bank loan size 70 %

Discount rate:
Selected bank loan size 70 %
Fixed charge rate
Typical bank interest level 5 %
Interest during construction
Selected bank interest level 5 %

Typical desired profit rate 15 %

Selected profit rate 15 %

Selected utilisation factor 65 %

(is annual amount of equivalent running hours at full load divided by 8760)

Estimated project life 30 years

Section for the determination of the specific fuel costs

reciprocating engine > 5 MW
Power plant type: gas turbine < 1 MW
7
Reference fuel price 7 €/GJ

Reference gross generating efficiency 20 % 45

12.6
Specific generating fuel costs 12.6 €cents/kWh

Reference system use 2 % of gross generated 2

Reference network losses 2 % of gross generated 2

Section for the determination of the additional costs

Power plant type: gas turbine < 1 MW

Insurance premium 1 % of investment costs

Reference fixed annual costs 20 €/kW 15

Reference operation & maintenance costs 1.5 €cts/kWh 0.5

Specific CO2 emissions electricity supply 1050 g/kWh 56 56

1049.563
Reference CO2 price 15 €/ton

expected CO2 price (US$/1000 kg)

Section for the determination of the benefit of cogeneration

Combined total fuel efficiency 85 % of LHV

Avoided fuel energy 13 MJ/kWh

(90% reference boiler efficiency presumed)
Reference costs avoided fuel 7 €/GJ
(natural gas is presumed to be the fuel use avoided)

Section giving the total project results

utilisation factor

Power plant type: specific capital costs

gas turbine < 1 MW specific fuel costs

with cogeneration specific additional costs

cogeneration benefit

total net electricity supply price

(excluding grid transportation costs but including grid lo
electricity supply efficiency (including losses)

total fuel efficiency of electricity supply + cogen

specific total CO2 emission

desired asset profit rate

pital costs
gas turbine < 1 MW possibilities
hard coal steam
lignite steam
nuclear steam
natural gas combined cycle
coal gasification combined cycle
reciprocating engine < 1 MW
reciprocating engine > 5 MW
gas turbine < 1 MW
Reference value is 200 €/kW gas turbine >10 MW
windmill onshore
windmill offshore
biomass steam

8 %
0.08 8.882743
8.88 %

uring construction 31.53374 €/kW

2.264419

Result:

Specific capital costs 2.26 €cents/kWh

Result:

Specific fuel costs supply 13.12 €cents/kWh

Net fuel efficiency supply 19.208 %

Result:

Specific additional costs: 3.54 €cents/kWh

which is the sum of:
Insurance 0.11 €cents/kWh
Fixed costs 0.35 €cents/kWh
O&M 1.5 €cents/kWh
CO2 charges 1.58 €cents/kWh
 Result of the cogeneration option:

Benefit avoided fuel 9.1 €cents/kWh

Benefit avoided CO2 1.09 €cents/kWh

65 %

2.26 €cents/kWh

13.12 €cents/kWh

3.54 €cents/kWh

9.1 €cents/kWh

9.82 €cents/kWh
on costs but including grid losses)
ncy (including losses) 19.2 %

ectricity supply + cogen 84.2 %

323.333 g/kWh

15 %
ombined cycle
ne < 1 MW
ne > 5 MW
726.6667