Techno-Economic Analysis of Biomass Energy Utilization through Gasification Technology for Sustainable Energy Production and Economic Development in Nigeria
Table 13
Economic parameter for biomass gasification power plant.
Parameter
Value
Investment Cost
4000 $/kW
Fixed Operation and Maintenance cost
56 $/kW-yr
Variable Operation and Maintenance cost
5.17 $/kW-yr
Electricity tariff
0.17 $/kW-yr
Fuel Cost
0.024 $/kg
Fed Income tax
32%
Risk free rate
18%
Capital from debt
70%
Capital from equity
30%
Nominal Cost of debt
24%
Nominal return on equity
29%
Nominal after tax WACC
17%
Source: NERC [10]. 1 USD = ₦150 for the 2010 US $ (based on the available data).