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Economic Analysis PDF
Economic Analysis PDF
Abstract
In this paper, economic analysis of a high performance solar energy operated distilled water plant is presented. The monthly and the
annual productivity of the high performance plant is compared with that of a conventional basin type solar still of equal size and
material. The cost of the distilled water produced is determined by uniform cost analysis method. The analysis revealed that the
production cost of the distilled water produced per litre by the high performance plant is Rs.5.07, whereas that for the conventional
still is Rs.7.90 when the market cost is Rs.20.00. The high performance solar distilled water plant can be a very economical, cost
effective, minimum maintenance and the zero energy cost option. Moreover, there is no pollution involved.
Keywords: Distilled water, solar still, porous absorber, economic analysis and high performance.
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porous absorbers respond to the incident solar radiation at Annual Salvage Value = SFF x S
appreciably faster rate than the basin water of the conventional Where, the Sinking Fund Factor, SFF is given as,
still. This is due to the better absorptivity and low thermal
inertia of the porous absorbers, hence a significantly higher Sinking Fund Factor, SFF =
distilled water output is obtained. The basin water trapped
beneath the thermocole remains at relatively much lower
Considering the annual maintenance cost of the system, the
temperatures, thereby reducing the base heat losses resulting
Annual cost of the system can be obtained as,
in higher efficiency and better performance. The evaporated
water vapors get condensed at the inner surface of the glass
Annual Cost = First Annual Cost + Annual Maintenance Cost
cover, from where they slide down the cover slope and get
- Annual Salvage Value
collected into the distillate channel.
Assuming an annual interest rate of 12% for 10 years of
useful still life and calculated values, CRF = 0.1770 and SFF
= 0.0569. A comparison is given in Table-1 and Fig-4.
1000
The Capital Recovery Factor, CRF is given as,
800
CRF = 600
400
Thus, the First Annual Cost can be calculated by the relation, 200
0
First Annual Cost = CRF x P
high performance conventional
The Annual Salvage Value depends upon the sinking fund type of solar distillation plant
factor, SFF and the salvage value S. It is given as,
Fig -3: Annual distilled water production
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Volume: 03 Issue: 02 | Feb-2014, Available @ http://www.ijret.org 284
IJRET: International Journal of Research in Engineering and Technology eISSN: 2319-1163 | pISSN: 2321-7308
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Volume: 03 Issue: 02 | Feb-2014, Available @ http://www.ijret.org 285