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Task Specification
You will take the role of a consultant
employed by the developer of a new generation project. This document contains
information about the electricity supply system for three countries and a range
of electricity generation technologies. Your client wishes to develop a new
project using in one of these countries using a specific technology with a
defined capital budget. Your task is to carry out an appraisal, including
financial and non-financial aspects to specify the project. Your appraisal
should:
• Provide your client with an overview
of the physical process which the technology uses to generate electricity
• Determine the viability of the
business case for the project using appropriate metrics
• Identify its role within the system
and any risks or wider issues associated with the project.
While the specified technology is the
preferred option, your client is open to alternative proposals if these would
provide a better return on their investment and/or better meet the needs of the
system. You should propose an alternative project by:
• Assessing the role fulfilled by the
existing generators in the system and to what extent they meet the system needs
in terms of a) supplying the baseload, intermediate, and peak demand; and b)
ensuring an affordable, sustainable, and reliable supply of electricity.
• Identifying any gaps in the existing
system
• Identify an alternative technology
which can help to address these issues.
Report specification
Report sections (Marks available shown
in brackets. A further 10% is available based on the quality of presentation
and evidence)
Title page
Include your name, student number,
module title, date of submission, and report title
Introduction (5%)
Briefly outline the purpose and content
of the report
Technology description (10%)
Explain the operational principles the
technology which you are assessing. Provide a diagram which shows the energy
flows into and out of the generator.
Financial appraisal (25%)
Use the financial appraisal methods
covered in the course to quantify the costs and benefits of the project over
its lifetime. You should calculate the lifetime cost, cost-benefit ratio,
payback period, internal rate of return, and levelized cost of electricity. The
price of electricity should be estimated based on the current market conditions
within your system. Present your results in a table with brief discussion, and
provide details of the calculations in an appendix.
Non-financial appraisal (10%)
Discuss factors other than purely
financial considerations that your client should be aware of. Consider at least
the environmental, social, and political circumstances surrounding these
technologies.
Assessment of System Needs (15%)
Does the current generation mix meet the
needs of the system? Provide an assessment of the system needs in terms of:
• Affordability
• Sustainability (including CO2
emissions)
• Security of Supply
• Operability
Alternative technologies (15%)
Provide a brief review of an alternative
technology which would better meet the needs of the system. Identify the key
differences between this and the technology specified by your client.
Recommendation (10%)
Advise your client on what they should
do next and identify any uncertainties in your appraisal that should be
assessed in more detail to gain a more complete picture of the decision to be
made. Use evidence from the report to justify your recommendation.
Word
count and non-text elements
Word count: 1500 words. Only the main
text is included in this count; the title page, table of contents, references,
and similar parts are excluded.
Non-text elements, consisting of
diagrams, graphs, and tables, need to be included to provide information that
cannot be conveyed effectively through words alone. Note that these elements
are essential to include so that your ability to present information in these
ways can be assessed.
Clear
and concise writing
It is essential that you communicate the
information in your report:
Clearly
– use an effective structure, use descriptive figure captions, ensure
nomenclature is defined and consistent, define the symbols used in equations.
Concisely
– ensure that you use as few words as possible to unambiguously explain your
work, use effective referencing to build on the work of others, do not repeat
similar information at multiple places in your report.
Elements of knowledge and skill being
assessed
Whilst this task is intended to feel
authentic, remember that it is designed to assess the knowledge and skills
listed below. Critically review your work to check that you have demonstrated
your learning for each of these and modify the report of necessary.
1. Concepts of heat, temperature,
energy, and power. How they are used to express energy system properties and
performance.
2. The correct way to express physical
quantities (including those above) across a wide range of magnitudes in the
International System of units (SI).
4. The effect of the time value of money
on investments in long-term projects, as characterised by energy system
technologies.
5. Project financial appraisal measures;
lifetime cost, cost-benefit ratio, payback period, internal rate of return,
unit production cost.
6. Fundamental concepts in power
systems; supply & demand, availability, security of supply, reliability,
capacity factor, capacity margin.
7. How existing generation and demand
dictate the role of existing and future generation within an electricity supply
system.
8. How power generation projects can
contribute to the economic, sustainable, and reliable operation of an
electricity supply system.
9. Exploitation of renewable energy
resources with consideration of; availability, system integration, economic,
social, and political factors.
System to study: 1
Technology to study :
Wood pellet Biomass
Project Data (Please read the attachment)
Need to get 60 points or above
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