3 - New Gas Fired Power Plant at Ressano Garcia - LCOE - v3

General data for levelised cost analysis
Web link to source

Parameter Units Value Source of information
(if applicable)
Mozambique taxes rates
Mozambican commercial lending rate for maturities over 2
Commercial Lending Rate % 21.38 http://www.bancomoc.mz/Files/DEE/TaxasJuro.xls
years in November 2012
Start Year - 0 -
Fuel specifications
Density of natural gas kg/m3 0.800 http://www.engineeringtoolbox.com/gas-density-d_158.html

Net Calorific Value of Natural Gas TJ/Gg 48.0 IPCC, Volume 2 (Table 1.2, pag1.18) http://www.ipcc-nggip.iges.or.jp/public/2006gl/pdf/2_Volume2/V2_1_Ch1_Introduction.pdf
kJ/m3 38,400 Calculated -
for Sub-Bituminous Coal, as per IPCC, Volume 2 (Table 1.2,
Net Calorific Value of Coal TJ/Gg 18.9 http://www.ipcc-nggip.iges.or.jp/public/2006gl/pdf/2_Volume2/V2_1_Ch1_Introduction.pdf
pag1.18)
kJ/kg 18,900 Calculated -
for Residual Fuel Oil, as per IPCC, Volume 2 (Table 1.2,
Net Calorific Value of Heavy Fuel Oil TJ/Gg 40.4 http://www.ipcc-nggip.iges.or.jp/public/2006gl/pdf/2_Volume2/V2_1_Ch1_Introduction.pdf
pag1.18)
kJ/kg 40,400 Calculated -
Fuel Cost
Natural Gas Cost (gas supply + gas transport) used in

Natural gas price USD/GJ 4.69 investment analysis of the CDM project. Value provided by -
the global financial model of the project.
Natural gas costs per 1000m3 USD/1000 m3 180 Calculated -
IEA: Projected Costs of Generating Electricity, 2010 (Page
Coal price USD/GJ 0.82 42; National fuel price assumptions for non-OECD countries; https://www.iea.org/publications/freepublications/publication/projected_costs.pdf
South Africa)
USD/t 15.50 Calculated -
SAPP Planning and Prospects for Renewable Energy, IRENA
Heavy fuel oil price USD/GJ 14.60 -
(Table 5, pag23)
USD/t 589.84 Calculated -
Specific data for the plausible baseline scenario alternatives
Alternative P1a): Natural gas open cycle turbine (OCGT) power plant
Web link to source
(if applicable)
Parameters of the power plant
Project lifetime years 25 -
(Appendix D, pag69)
Capacity of plant MW 177.66 Calculated -
Annual power generation GWh 1,323 Assumed same output as CTRG -
Conversion J/Wh 3,600 Energy and Work Unit Conversion website http://www.unit-conversion.info/energy.html
Annual power generation GJ 4,762,239 Calculated -
Annual natural gas consumption GJ 15,874,129 Calculated -
Natural gas specific consumption kJ/kWh 12,000 Calculated -
Natural gas consumption m3/MWh 313 Calculated -
Annual natural gas consumption 1000m3 413,389 Calculated -
Efficiency of plant % 0.300 -
(Appendix D, pag69)
Power plant load factor % 85.0 -
(Appendix D, pag69)
Project costs
Investment costs USD/kW 650
(Figure 6; Page 26)
Investment costs kUSD 115,478 Calculated -
Total O&M costs excluding fuel per MWh per year USD/MWh 19.9 -
(Appendix D, pag69)
Fuel costs per 1000m3 USD/1000 m3 180 Calculated -
Fuel costs kUSD 74,450 Calculated -
Alternative P2a): Heavy fuel oil power plant

Web link to source
(if applicable)

(Appendix D, pag69)
Capacity of the plant MW 188.76 Calculated -
Conversion GJ/GWh 3,600 Energy and Work Unit Conversion website http://www.unit-conversion.info/energy.html
Annual fuel oil consumption GJ 13,606,396 Calculated -
Annual fuel oil consumption ton 336,792 Calculated -
Fuel specific consumption kJ/kWh 10,286 Calculated -
Fuel specific consumption ton/MWh 0.255 Calculated -
Efficiency of plant - 0.350 -
(Appendix D, pag69)
(Appendix D, pag69)
Project costs
Investment costs UDS/kW 1,350 -
(Figure 6, pag26)
Total O&M costs excluding fuel per MWh produced USD/MWh 15.00 -
(Appendix D, pag69)
Heavy fuel oil price per metric tonne USD/t 589.84 Refer to cell C23 -
Heavy fuel oil cost USD 198,653 Calculated -
Alternative P2b): Subcritical coal-fired power plant

Web link to source
(if applicable)
Project lifetime years 30 (Table 19 - Other SAPP Countries: Existing Thermal; Page -
63)
Annual coal consumption GJ 15,874,129 Calculated -
Annual coal consumption ton 839,901 Calculated -
Coal specific consumption kJ/kWh 12,000 Calculated -
Coal specific consumption ton/MWh 0.635 Calculated -
Efficiency of plant - 0.300 (Table 19 - Other SAPP Countries: Existing Thermal; Page -
63)
Power plant load factor % 88.00 (Table 19 - Other SAPP Countries: Existing Thermal; Page -
63)
Project costs
There is no information on investment costs of this
technology on the base document (SAPP Planning and
Prospects for Renewable Energy, IRENA, Figure 6, pag26).
Therefore another source was used: IEA: Projected Costs of
Investment costs USD/kW 1,300 https://www.iea.org/publications/freepublications/publication/projected_costs.pdf
Generating Electricity, 2010: Table 3.1a: Overnight costs of
eletricity generation technologies (USD/kWe) - Mainstream
technologies; Page 48; NON-OECD Members with Subcritical
Technology
Fixed O&M costs per kW installed capacity USD/kW 56.67 (Table 19 - Other SAPP Countries: Existing Thermal; Page -
63)
Fixed O&M costs per MW installed capacity USD/MW 56,670 Calculated -
Variable O&M costs excluding fuel per MWh produced USD/MWh 1.26 (Table 19 - Other SAPP Countries: Existing Thermal; Page -
63)
Coal price per metric tonne USD/t 15.50 Refer to cell C21 -
Coal cost USD 13,017 Calculated -
Alternative P2c): Supercritical coal-fired power plant

Web link to source
(if applicable)
(Appendix D, pag69)
Conversion GJ/GWh 3,600 Energy and Work Unit Conversion website http://www.unit-conversion.info/energy.html
Annual coal consumption GJ 12,870,916 Calculated -
Annual coal consumption ton 681,001 Calculated -
Coal specific consumption kJ/kWh 9,730 Calculated -
Coal specific consumption ton/MWh 0.515 Calculated -
Efficiency of plant - 0.370 -
(Appendix D, pag69)
(Appendix D, pag69)
Project costs
Investment costs UDS/kW 2,450 -
(Figure 6, pag26)
Total O&M costs excluding fuel per MWh produced USD/MWh 14.30 -
(Appendix D, pag69)
Coal price per metric tonne USD/t 15.50 Refer to cell C21 -
Coal cost USD 10554.15 Calculated -
Alternative P4. Construction of Ressano Garcia not as a CDM project

Web link to source
(if applicable)
Project lifetime years 25 FSR, Page 36 -
Installed capacity MW 175.14 FSR, Page 36
Calculated with FSR data
Operating power capacity MW 155.68 -
(Engines operating * engine installed capacity)
Annual power generation GWh 1,322.844 FSR, Page 36 -
Natural gas specific consumption kJ/kWh 8,172 Supporting FSR´s financial model (sheet assumptions) -
Natural gas specific consumption m3/MWh 213 Calculated -
Annual natural gas consumption 1000m3 281,518 Calculated -
Efficiency of plant - 0.441 Supporting FSR´s financial model (sheet assumptions) -
Availability (over operating units) % 97.0 FSR, Page 36 -
Calculated (Operating power capacity * availability/
Power plant load factor % 86%
Installed capacity)
Project costs
Investment costs kUSD 231,369 FSR, Page 34 (Capex + Construction expenditure budget) -
Total O&M costs excluding fuel USD/MWh 15.04 Calculated (aggregated value derived from FSR Pages 35-37) -
Fuel costs kUSD 50,700 Calculated -

Information on existing Sub-critical power plants in SAPP (Coal based)
Source: SAPP Planning and Prospects for Renewable Energy, IRENA (Table 19 - Other SAPP Countries: Existing Therma
Power Plant Websources on each one of the power plants:

Morupule http://www.sourcewatch.org/index.php/Morupule_A_Power_Station
Van Eck http://www.sourcewatch.org/index.php/Van_Eck_Power_Station
Hwange 1-6 http://www.zpc.co.zw/powerstations/1/hwange-power-stationhttp://www.sourcewatch.org/index.php/Hwan
Munyati http://www.sourcewatch.org/index.php/Munyati_power_station
Bulawayo
https://en.wikipedia.org/wiki/Zimbabwe_Electricity_Supply_Authorityhttp://www.southerneye.co.zw/2015/
Harare
Parameter
Efficiency
Capacity Factor
Variable O&M
Fixed O&M
Life
Countries: Existing Thermal; Page 63)
Other details:
Plant Details
Plant Details
According with the first website: " The station designs largely represent technologies of the late 1960s
and some of the equipment such as the boiler controls has had to be replaced with modern digital
process controls".
According with the second webiste, on Details of Phase III expansion, the technology is Subcritical.
Plant Details
According with the first website, the following power plants stations are included in Zimbabwe power
grid: Kariba hydropower station, Hwange Thermal Power Station (coal-fired), Harare Thermal Power
Station (coal-fired), Bulawayo Thermal Power Station (coal-fired), Munyati Thermal Power Station
(coal-fired). According to the second link: "Bulawayo station was mothballed for more than 10 years
and brought back to service in 2011 when power shortages intensified. Zimbabwe has two other small
thermal power stations in Harare and Munyati near Kwekwe in central Zimbabwe. Like other power
stations, the Bulawayo station’s generating capacity has been constrained by aging equipment. The
country currently generates less than half of its 2 200MW peak demand from its ageing plants, with
persistent power outages crippling industry and mines and keeping households in the dark for as long
as 12 hours daily". We assume that the technology installed in these power plants is subcritical (the
most outdated and inefficient).
Unit Value
% 30%
% 88%
USD/MWh 1.26
USD/kW 56.67
Years 30 (considered the lifetime of the 4 sub-critical power plants in Zimbabwe)
Levelized Cost Analysis
Initial data for levelized cost analysis

Parameter Units Value
Discount rate % 21.38
Natural gas price USD/1000 m3 180.10
Coal price USD/t 15.50
HFO price USD/t 589.84
Initial data for Iinvestment Analysis
Parameter Units Units
Gas consumption m3/MWh 312.500

Installed capacity MW 177.6583529
Total power generation GWh 1,323
Total investments kUSD 115,478
Total O&M excl. fuel USD/MWh 20
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 57739 57739
Power production GWh 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
Power generation (discounted) GWh 897.87 739.72 609.42 502.08 413.64 340.78 280.76
Natural gas consumption 1000 m3 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
Natural gas cost kUSD 74,450 74,450 74,450 74,450 74,450 74,450 74,450
Total O&M cost kUSD 26,325 26,325 26,325 26,325 26,325 26,325 26,325
Total expenses kUSD 57,738.96 57,738.96 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
Discounted expenses kUSD 57,738.96 47,568.76 68,399.88 56,351.86 46,425.98 38,248.46 31,511.34 25,960.90 21,388.12
Total discounted expenses kUSD 490,573.68

Total power production(discounted) GWh 5,057.31
Levelized cost USD/MWh 97.00

HFO Consumption t/MWh 0.2546

1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

Power generation GWh 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
HFO consumption t 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
Total O&M cost kUSD 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
Total discounted expenses kUSD 1,067,709.08


Coal Consumption t/MWh 0.6349
O&M excl. fuel
Fixed O&M USD/MW 56,670
Variable O&M USD/MWh 1.26
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL consumption t 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



Total O&M excl. fuel USD/MWh 14.30
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55
Capacity
Alternatives MW
P1a): Natural gas open cycle turbine (OCGT) power plant 177.66
P2a): Heavy fuel oil power plant 188.76
P2b): Subcritical coal-fired power plant 171.60
P2c): Supercritical coal-fired power plant 177.66
P4. Construction of Ressano Garcia not as a CDM project 155.68
Investment Costs
Alternatives UDS/kW
P1a): Natural gas open cycle turbine (OCGT) power plant 650
P2a): Heavy fuel oil power plant 1,350
P2b): Subcritical coal-fired power plant 1,300
P2c): Supercritical coal-fired power plant 2,450
P4. Construction of Ressano Garcia not as a CDM project 1,486
Alternatives Financial indicator

P1a): Natural gas open cycle turbine (OCGT) power plant LCOE
P2a): Heavy fuel oil power plant LCOE
P2b): Subcritical coal-fired power plant LCOE
P2c): Supercritical coal-fired power plant LCOE
P4. Construction of Ressano Garcia not as a CDM project LCOE
Load factor Power Generation Efficiency
% MWh %
85 1,322,844 30.0%
80 1,322,844 35.0%
88 1,322,844 30.0%
85 1,322,844 37.0%
86 1,322,844 44.1%
ment Costs Fixed O&M Variable O&M Total O&M

kUSD USD/kW kUSD USD/MWh kUSD USD/MWh
115,478 19.90
254,829 15.00
223,082 56.67 9,725 1.26 1,667 8.61
435,263 14.30
231,369 15.04
Value Unit
97.00 USD/MWh
211.12 USD/MWh
58.48 USD/MWh
100.23 USD/MWh
95.09 USD/MWh
Total O&M Fuel Costs
USD/kW kUSD GJ USD/GJ kUSD USD/MWh
148.18 26,325 15,874,129 4.69 74,450 56.28
105.12 19,843 13,606,396 14.60 198,653 150.17
66.38 11,391 15,874,129 0.82 13,017 9.84
106.48 18,917 12,870,916 0.82 10,554 7.98
127.79 19,895 10,810,282 4.69 50,700 38.33


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 114,672.92 114,672.92

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 100,387.06 100,387.06

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 195,868.33 195,868.33

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 140,155.79 140,155.79

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 122,695.30 122,695.30

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 239,394.63 239,394.63

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05



O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56
208.17 171.51 141.30 116.41 95.90 79.01 65.09 53.63 44.18 36.40 29.99 24.71
372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90
67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005
23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692
90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84
15,858.71 13,065.34 10,764.00 8,868.02 7,306.00 6,019.11 4,958.90 4,085.43 3,365.82 2,772.96 2,284.53 1,882.13
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56
208.17 171.51 141.30 116.41 95.90 79.01 65.09 53.63 44.18 36.40 29.99 24.71
303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79
178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05
17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40
196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44
34,384.44 28,327.93 23,338.21 19,227.40 15,840.66 13,050.47 10,751.75 8,857.92 7,297.68 6,012.26 4,953.25 4,080.78
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56
208.17 171.51 141.30 116.41 95.90 79.01 65.09 53.63 44.18 36.40 29.99 24.71
755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91
11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11
11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78
22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89
4,011.13 3,304.61 2,722.53 2,242.98 1,847.90 1,522.41 1,254.25 1,033.33 851.31 701.36 577.82 476.05
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56
208.17 171.51 141.30 116.41 95.90 79.01 65.09 53.63 44.18 36.40 29.99 24.71
612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74
9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74
17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00
26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74
4,637.78 3,820.88 3,147.87 2,593.40 2,136.59 1,760.25 1,450.20 1,194.76 984.31 810.94 668.10 550.42
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56

20.35 16.77 13.82 11.38 9.38 7.73
372,049.90 372,049.90 372,049.90 372,049.90 372,049.90 372,049.90
67,005 67,005 67,005 67,005 67,005 67,005
23,692 23,692 23,692 23,692 23,692 23,692
90,696.84 90,696.84 90,696.84 90,696.84 90,696.84 90,696.84

1,550.61 1,277.48 1,052.47 867.08 714.35 588.53
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56

20.35 16.77 13.82 11.38 9.38 7.73
303,112.79 303,112.79 303,112.79 303,112.79 303,112.79 303,112.79
178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05
17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40
196,646.44 196,646.44 196,646.44 196,646.44 196,646.44 196,646.44

3,361.99 2,769.80 2,281.93 1,879.99 1,548.84 1,276.03
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56
20.35 16.77 13.82 11.38 9.38 7.73 6.36 5.24 4.32 3.56 2.93
755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91 755,910.91
11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11
11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78 11,224.78
22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89 22,939.89
392.19 323.11 266.20 219.31 180.68 148.86 122.64 101.03 83.24 68.58 56.50
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56 1,190.56
20.35 16.77 13.82 11.38 9.38 7.73 6.36 5.24 4.32 3.56 2.93 2.42 1.99 1.64 1.35 1.11
612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74 612,900.74
9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74
17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00
26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74 26,523.74
453.47 373.59 307.79 253.57 208.91 172.11 141.80 116.82 96.24 79.29 65.32 53.82 44.34 36.53 30.09 24.79


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73



O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13
254.44 209.62 172.70 142.28 117.22 96.57 79.56 65.55 54.00 44.49 36.65 30.20
454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66
81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895
28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957
110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69
19,382.87 15,968.75 13,156.00 10,838.69 8,929.55 7,356.69 6,060.87 4,993.31 4,113.78 3,389.17 2,792.20 2,300.38
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13
254.44 209.62 172.70 142.28 117.22 96.57 79.56 65.55 54.00 44.49 36.65 30.20
370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19
218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73
21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93
240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65
42,025.42 34,623.02 28,524.48 23,500.15 19,360.81 15,950.58 13,141.03 10,826.35 8,919.39 7,348.32 6,053.98 4,987.62
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13
254.44 209.62 172.70 142.28 117.22 96.57 79.56 65.55 54.00 44.49 36.65 30.20
923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11
14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46
11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14
25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60
4,524.63 3,727.66 3,071.06 2,530.12 2,084.46 1,717.30 1,414.82 1,165.61 960.30 791.15 651.80 536.99
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13
254.44 209.62 172.70 142.28 117.22 96.57 79.56 65.55 54.00 44.49 36.65 30.20
749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90
11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57
20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34
32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90
5,668.40 4,669.96 3,847.39 3,169.71 2,611.39 2,151.42 1,772.47 1,460.26 1,203.05 991.14 816.56 672.73
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13

24.88 20.50 16.89 13.91 11.46 9.44
454,727.66 454,727.66 454,727.66 454,727.66 454,727.66 454,727.66
81,895 81,895 81,895 81,895 81,895 81,895
28,957 28,957 28,957 28,957 28,957 28,957
110,851.69 110,851.69 110,851.69 110,851.69 110,851.69 110,851.69

1,895.19 1,561.37 1,286.35 1,059.77 873.10 719.31
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13

24.88 20.50 16.89 13.91 11.46 9.44
370,471.19 370,471.19 370,471.19 370,471.19 370,471.19 370,471.19
218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73
21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93
240,345.65 240,345.65 240,345.65 240,345.65 240,345.65 240,345.65

4,109.10 3,385.32 2,789.02 2,297.76 1,893.03 1,559.59
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13
24.88 20.50 16.89 13.91 11.46 9.44 7.78 6.41 5.28 4.35 3.58
923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11 923,891.11
14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46
11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14 11,558.14
25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60 25,876.60
442.40 364.48 300.28 247.39 203.81 167.91 138.34 113.97 93.89 77.36 63.73
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13 1,455.13
24.88 20.50 16.89 13.91 11.46 9.44 7.78 6.41 5.28 4.35 3.58 2.95 2.43 2.00 1.65 1.36
749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90 749,100.90
11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57
20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34
32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90 32,417.90
554.24 456.61 376.18 309.92 255.33 210.36 173.31 142.78 117.63 96.91 79.84 65.78 54.19 44.65 36.78 30.30


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39



O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005 67,005
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30
16,319.01 13,444.56 11,076.42 9,125.41 7,518.05 6,193.81 5,102.83 4,204.01 3,463.51 2,853.45 2,350.84 1,936.76
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
67,005 67,005 67,005 67,005 67,005 67,005
26,325 26,325 26,325 26,325 26,325 26,325
93,329.30 93,329.30 93,329.30 93,329.30 93,329.30 93,329.30

1,595.62 1,314.56 1,083.01 892.25 735.09 605.61
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895 81,895
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23
18,922.58 15,589.53 12,843.58 10,581.30 8,717.50 7,181.99 5,916.94 4,874.73 4,016.09 3,308.69 2,725.89 2,245.75
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
81,895 81,895 81,895 81,895 81,895 81,895
26,325 26,325 26,325 26,325 26,325 26,325
108,219.23 108,219.23 108,219.23 108,219.23 108,219.23 108,219.23

1,850.18 1,524.29 1,255.80 1,034.60 852.37 702.23
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57
4,040.28 3,328.62 2,742.31 2,259.28 1,861.33 1,533.47 1,263.36 1,040.83 857.50 706.46 582.02 479.50
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41
4,968.55 4,093.38 3,372.37 2,778.36 2,288.98 1,885.79 1,553.63 1,279.97 1,054.51 868.77 715.75 589.67
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11 11,715.11
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57 23,106.57
395.04 325.46 268.13 220.90 181.99 149.94 123.53 101.77 83.84 69.08 56.91
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74 9,498.74
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41 28,415.41
485.81 400.24 329.74 271.66 223.81 184.39 151.91 125.15 103.11 84.95 69.98 57.66 47.50 39.13 32.24 26.56


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05
38,204.93 31,475.47 25,931.35 21,363.77 17,600.74 14,500.52 11,946.39 9,842.14 8,108.53 6,680.29 5,503.62 4,534.20
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92
4,495.49 3,703.65 3,051.28 2,513.83 2,071.04 1,706.24 1,405.70 1,158.10 954.11 786.05 647.60 533.53
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24
5,337.64 4,397.46 3,622.89 2,984.75 2,459.01 2,025.88 1,669.04 1,375.05 1,132.85 933.31 768.91 633.48
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

3,735.54 3,077.56 2,535.48 2,088.87 1,720.94 1,417.81
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46 14,318.46
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92 25,709.92
439.55 362.13 298.34 245.79 202.50 166.83 137.44 113.24 93.29 76.86 63.32
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57 11,609.57
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24 30,526.24
521.90 429.97 354.23 291.84 240.43 198.08 163.19 134.45 110.77 91.26 75.18 61.94 51.03 42.04 34.64 28.53


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71
34,731.39 28,613.77 23,573.71 19,421.41 16,000.50 13,182.16 10,860.24 8,947.31 7,371.32 6,072.93 5,003.23 4,121.96
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
178,788.05 178,788.05 178,788.05 178,788.05 178,788.05 178,788.05
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
198,630.71 198,630.71 198,630.71 198,630.71 198,630.71 198,630.71

3,395.91 2,797.75 2,304.95 1,898.96 1,564.47 1,288.91
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
Variable O&M kUSD 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26
17,620.79 14,517.05 11,960.00 9,853.35 8,117.77 6,687.90 5,509.89 4,539.37 3,739.80 3,081.07 2,538.37 2,091.25
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39
41,678.46 34,337.18 28,288.99 23,306.14 19,200.97 15,818.89 13,032.54 10,736.97 8,845.75 7,287.65 6,004.00 4,946.45
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
4,267.88 3,516.13 2,896.80 2,386.55 1,966.18 1,619.86 1,334.53 1,099.47 905.81 746.26 614.81 506.52
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
5,153.09 4,245.42 3,497.63 2,881.55 2,373.99 1,955.84 1,611.33 1,327.51 1,093.68 901.04 742.33 611.57
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
26,325 26,325 26,325 26,325 26,325 26,325
100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,722.90 1,419.43 1,169.41 963.43 793.73 653.92
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
218,518.73 218,518.73 218,518.73 218,518.73 218,518.73 218,518.73
19,842.66 19,842.66 19,842.66 19,842.66 19,842.66 19,842.66
238,361.39 238,361.39 238,361.39 238,361.39 238,361.39 238,361.39

4,075.17 3,357.37 2,766.00 2,278.79 1,877.40 1,546.72
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68 9,724.68
1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78 1,666.78
11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46 11,391.46
24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24 24,408.24
417.30 343.80 283.24 233.35 192.25 158.38 130.49 107.50 88.57 72.97 60.11
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67 18,916.67
29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82 29,470.82
503.85 415.10 341.99 281.75 232.12 191.23 157.55 129.80 106.94 88.10 72.58 59.80 49.26 40.59 33.44 27.55


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21
Variable O&M kUSD 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692 23,692
98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80
17,160.50 14,137.83 11,647.58 9,595.96 7,905.72 6,513.20 5,365.96 4,420.79 3,642.11 3,000.58 2,472.06 2,036.63
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40
216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78
37,857.97 31,189.63 25,695.85 21,169.76 17,440.90 14,368.84 11,837.90 9,752.76 8,034.90 6,619.62 5,453.63 4,493.03
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21
1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11
10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31
23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10
4,068.70 3,352.03 2,761.60 2,275.17 1,874.42 1,544.26 1,272.25 1,048.15 863.53 711.43 586.12 482.88
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00
27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15
4,822.33 3,972.92 3,273.12 2,696.59 2,221.61 1,830.29 1,507.90 1,242.30 1,023.48 843.20 694.68 572.32
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
23,692 23,692 23,692 23,692 23,692 23,692
98,141.80 98,141.80 98,141.80 98,141.80 98,141.80 98,141.80

1,677.89 1,382.35 1,138.86 938.26 772.99 636.84
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
17,858.40 17,858.40 17,858.40 17,858.40 17,858.40 17,858.40
216,511.78 216,511.78 216,511.78 216,511.78 216,511.78 216,511.78

3,701.62 3,049.61 2,512.45 2,069.90 1,705.31 1,404.93
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21 8,752.21
1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11 1,500.11
10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31 10,252.31
23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10 23,269.10
397.82 327.75 270.02 222.46 183.27 150.99 124.40 102.48 84.43 69.56 57.31
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00 17,025.00
27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15 27,579.15
471.51 388.46 320.03 263.66 217.22 178.96 147.44 121.47 100.07 82.45 67.92 55.96 46.10 37.98 31.29 25.78


1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 127,414.35 127,414.35

HFO cost kUSD 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39


O&M excl. fuel
1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 111,541.18 111,541.18

COAL cost kUSD 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
Fixed O&M kUSD 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14
Variable O&M kUSD 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46



1 2 3 4 5 6 7
Time period 0 1 2 3 4 5 6 7 8
Discount factor 100% 82% 68% 56% 46% 38% 31% 26% 21%
Year 0 1 2 3 4 5 6 7 8
Investment kUSD 217,631.48 217,631.48

COAL cost kUSD 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15

8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450 74,450
28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957 28,957
103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72
18,081.09 14,896.27 12,272.42 10,110.75 8,329.83 6,862.60 5,653.82 4,657.95 3,837.49 3,161.55 2,604.67 2,145.88
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93
220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32
38,551.89 31,761.32 26,166.84 21,557.79 17,760.58 14,632.21 12,054.88 9,931.52 8,182.17 6,740.95 5,553.60 4,575.38
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14
1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46
12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60
25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39
4,467.07 3,680.23 3,031.99 2,497.93 2,057.95 1,695.46 1,396.82 1,150.78 948.08 781.08 643.50 530.16
8 9 10 11 12 13 14 15 16 17 18 19
9 10 11 12 13 14 15 16 17 18 19 20
17% 14% 12% 10% 8% 7% 5% 5% 4% 3% 3% 2%
9 10 11 12 13 14 15 16 17 18 19 20
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
231.30 190.56 157.00 129.34 106.56 87.79 72.33 59.59 49.09 40.44 33.32 27.45
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34
31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49
5,483.86 4,517.93 3,722.13 3,066.51 2,526.37 2,081.38 1,714.76 1,412.72 1,163.88 958.88 789.98 650.83
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
413,388.78 413,388.78 413,388.78 413,388.78 413,388.78 413,388.78
74,450 74,450 74,450 74,450 74,450 74,450
28,957 28,957 28,957 28,957 28,957 28,957
103,406.72 103,406.72 103,406.72 103,406.72 103,406.72 103,406.72

1,767.91 1,456.50 1,199.95 988.59 814.46 671.00
20 21 22 23 24 25
21 22 23 24 25 26
2% 1% 1% 1% 1% 1%
21 22 23 24 25 26
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

22.62 18.63 15.35 12.65 10.42 8.58
336,791.99 336,791.99 336,791.99 336,791.99 336,791.99 336,791.99
198,653.39 198,653.39 198,653.39 198,653.39 198,653.39 198,653.39
21,826.93 21,826.93 21,826.93 21,826.93 21,826.93 21,826.93
220,480.32 220,480.32 220,480.32 220,480.32 220,480.32 220,480.32

3,769.47 3,105.51 2,558.50 2,107.84 1,736.57 1,430.69
20 21 22 23 24 25 26 27 28 29 30
21 22 23 24 25 26 27 28 29 30 31
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26
839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01 839,901.01
13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79 13,016.79
10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14 10,697.14
1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46 1,833.46
12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60 12,530.60
25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39 25,547.39
436.77 359.84 296.46 244.24 201.22 165.78 136.58 112.52 92.70 76.37 62.92
20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
2% 1% 1% 1% 1% 1% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0%
21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84
22.62 18.63 15.35 12.65 10.42 8.58 7.07 5.83 4.80 3.95 3.26 2.68 2.21 1.82 1.50 1.24
681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82 681,000.82
10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15 10,554.15
20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34 20,808.34
31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49 31,362.49
536.19 441.75 363.94 299.83 247.02 203.51 167.66 138.13 113.80 93.76 77.24 63.64 52.43 43.19 35.58 29.32
Levelized cost of power generation, USD/MWh
Parameter Variation OCGT HFO Subcritical coal Supercritical coal CTRG not CDM
97.00 211.12 58.48 100.23 95.09
-10% 94.92 206.53 54.48 92.44 90.91
Investment cost
+10% 99.09 215.72 62.48 108.03 99.26
-10% 99.32 216.23 63.74 108.90 99.72
Energy production
+10% 95.11 206.94 54.17 93.15 91.29
-10% 91.37 211.12 58.48 100.23 91.25
Natural gas price
+10% 102.63 211.12 58.48 100.23 98.92
-10% 97.00 211.12 57.50 99.44 95.09
Coal price
+10% 97.00 211.12 59.46 101.03 95.09
-10% 97.00 196.10 58.48 100.23 95.09
HFO price
+10% 97.00 226.14 58.48 100.23 95.09
-10% 95.01 209.62 57.62 98.80 93.58
O & M cost
+10% 98.99 212.62 59.34 101.66 96.59

3 - New Gas Fired Power Plant at Ressano Garcia - LCOE - v3

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General data for levelised cost analysis

Web link to source

Density of natural gas kg/m3 0.800 http://www.engineeringtoolbox.com/gas-density-d_158.html

Natural Gas Cost (gas supply + gas transport) used in

Specific data for the plausible baseline scenario alternatives

Alternative P2a): Heavy fuel oil power plant

SAPP Planning and Prospects for Renewable Energy, IRENA

Alternative P2b): Subcritical coal-fired power plant

Alternative P2c): Supercritical coal-fired power plant

Alternative P4. Construction of Ressano Garcia not as a CDM project

Fuel costs kUSD 50,700 Calculated -

Power Plant Websources on each one of the power plants:

Hwange 1-6 http://www.zpc.co.zw/powerstations/1/hwange-power-stationhttp://www.sourcewatch.org/index.php/Hwan

Countries: Existing Thermal; Page 63)

Initial data for levelized cost analysis

Initial data for Iinvestment Analysis

Total discounted expenses kUSD 490,573.68

Alternative P2a): Heavy fuel oil power plant

Parameter Units Value

Investment kUSD 127,414.35 127,414.35

Total discounted expenses kUSD 1,067,709.08

Alternative P2b): Subcritical coal-fired power plant

Investment kUSD 111,541.18 111,541.18

Total discounted expenses kUSD 297,209.18

Alternative P2c): Supercritical coal-fired power plant

Parameter Units Value

Investment kUSD 217,631.48 217,631.48

Total discounted expenses kUSD 510,363.42

1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

Alternatives Financial indicator

ment Costs Fixed O&M Variable O&M Total O&M

Initial data for levelized cost analysis

Initial data for Iinvestment Analysis

Total discounted expenses kUSD 480,042.90

Alternative P2a): Heavy fuel oil power plant

Parameter Units Value

Investment kUSD 114,672.92 114,672.92

Total discounted expenses kUSD 1,044,470.50

Alternative P2b): Subcritical coal-fired power plant

Investment kUSD 100,387.06 100,387.06

Total discounted expenses kUSD 276,865.64

Alternative P2c): Supercritical coal-fired power plant

Parameter Units Value

Investment kUSD 195,868.33 195,868.33

Total discounted expenses kUSD 470,670.51

1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

100,774.26 100,774.26 100,774.26 100,774.26 100,774.26 100,774.26

1,322.84 1,322.84 1,322.84 1,322.84 1,322.84 1,322.84

218,496.05 218,496.05 218,496.05 218,496.05 218,496.05 218,496.05

Initial data for levelized cost analysis

Initial data for Iinvestment Analysis

Total discounted expenses kUSD 501,104.45

Alternative P2a): Heavy fuel oil power plant

Parameter Units Value

Investment kUSD 140,155.79 140,155.79

Total discounted expenses kUSD 1,090,947.66

Alternative P2b): Subcritical coal-fired power plant

Investment kUSD 122,695.30 122,695.30

Total discounted expenses kUSD 317,552.71

Alternative P2c): Supercritical coal-fired power plant