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INTRODUCTION
Renewable energy accounts for approximately 12% of a total of power generation capacity installed in India (Wind, biomass and solar photovoltaics dominate the share) Ministry of New and Renewable Energy (MNRE, 2010) selected seven projects of total capacity 470 MW at different places in states like Gujarat, Rajasthan, and Andhra Pradesh. Most of these places are desert areas in respective states, the areas with good solar insolation but with water constraints.
In this paper we explore the economic viability of hybrid solar parabolic trough based power plant The bidding process of NRDC where 50 MW capacity solar based projects where invited cost per kWh was quoted as 12 INR (NRDC report, 2012). This forms the basis of choosing 50 MW as the capacity for analysis in our
PROPOSED MODEL
97 97 90 85 0.56 0 70 70 70 80
22000
2.5 6 25 0.85 0.85 0.88
0.95
0.95
An code was developed which calculates the coal consumption for solar-coal hybrid option and estimates the coal savings vis a vis coal fired power plant. For the chosen location, for a 50 MW hybrid plant, the annual coal savings is estimated to be about 136000 tonnes. Inspite of this, our analysis based on lifecycle analysis shows that the hybrid option is not competitive to coal as of now. However it could be competitive in the near future depending on the progress of PTC development and coal price hike.
Economics of coal based and hybrid power project considering coal price increase
Years Cost of coal
INR/Tonne
1 2 3 4 5 6 7 8 9
3000
3300
3600
4000
4400
4850
5400
5900
6500
INR/kWh
6.28
6.71
7.13
7.70
8.27
8.90
9.68
10.39
11.24
INR/kWh
7.32
7.65
7.98
8.42
8.87
9.36
9.97
10.52
11.18
the
If coal prices rise by 10 % and cost of collector remains same, this period about to 9 years
Economics of coal based and hybrid power project considering PTC cost reduction
Years Cost of coal LCOE (Thermal) INR/Tonne 1 2 3 4 5 6 7 8 9 10 11 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000 3000
INR/kWh
6.28 6.28
6.28
6.28
6.28
6.28
6.28
6.28
6.28
6.28
6.28
LCOE (Combined)
INR/kWh
7.32 7.16
7.02
6.88
6.76
6.65
6.54
6.45
6.36
6.28
6.20
If coal prices remains the same, and cost of collector reduces by 8%, this period about to 11 years
Economics of coal based and hybrid power project considering coal price hike and PTC cost reduction
Years 1 2 3 4 5 6
Cost of coal
INR/Tonne
3000
3300
3600
4000
4400
4850
LCOE (Thermal)
INR/kWh
6.28
6.71
7.13
7.70
8.27
8.90
LCOE (Combined)
INR/kWh
7.32
7.49
7.68
7.99
8.31
8.69
per
Analysis reveals that hybrid plants become competitive within 6 years from now if the coal prices rise by 10% annum and cost of collectors reduce by 8% per annum.