Powered by OpenAIRE graph
Found an issue? Give us feedback
ZENODOarrow_drop_down
ZENODO
Report . 2024
License: CC BY
Data sources: Datacite
ZENODO
Report . 2024
License: CC BY
Data sources: Datacite
versions View all 2 versions
addClaim

Assessment of the Financial Feasibility of a 30MW Biomass Plant in Ghana

Authors: Lavie, Jerome Dela;

Assessment of the Financial Feasibility of a 30MW Biomass Plant in Ghana

Abstract

Globally, the race is on to transition from crude energy sources to clean, renewable and sustainable sources. With the imminent dangers of climate change many countries have found innovative ways to convert waste to energy to reduce emissions, which is in line with the Paris Accord of which Ghana is a signatory. Ghana is still heavily reliant on fossil fuel sources for energy generation. The purpose of this study was to assess the financial viability of a 30MW biomass plant to be situated in Ejura Sekyedumase district for 25 years using a financial modelling tool (FINPLANTM). Three scenarios, ie. varying plant generation capacity, levelized cost of energy and fuel cost were simulated using the tool to observe their effects on Net Present Value (NPV), Internal Rate of Return (IRR) and shareholder Dividends. The results showed that for the proposed 30 MW power plant to be financially viable, the minimum generation capacity allowed is 50%. ie 100GWh/year, the energy produced should be sold at $0.085 to make maximum gains. It estimates that fuel cost for running operations should not exceed $4M for good returns. For the sustainability of the project, the government must enforce its environmental pollution laws to ensure there is a constant supply of fuel for the plant.

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!