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Georgia Power Plant


Purpose of this instruction is to present an investment in the Republic of Georgia for the realisation of a 100 MW-class Combined Cycle Gas Turbine Power Plant on the Black Sea coast under a BOO/BOT arrangement.

The realisation of the plant will relief the severe supply gap of Georgia, and play a major role in the development, both civil and industrial.

The realisation of the plant will relief the severe supply gap of Georgia, and play a major role in the development, both civil and industrial.

This creates a chance for the foreign company to invest in the area for industiral structures. Several international companies have already established factories in Poti. Such as Hundai, As the Municipality is unable to cover their requirements of electiricty supply, most of them have to realy on inefficiieent and highly polluting diesel oil or heavey oil filled back-up genereateors.

 Energy

Poti Power Plant Thanks to its commercial port, with its impaortance as major gateway to the eastern countries, holds a privileged position.  Energy Georgian electricity Transmission Line
COMBINED CYCLE GAS TURBINE POWER PLANT IN GEORGIA


Example for 120 MW Power Plant
It is calculated for 120MW and selling price of the electricity to Turkey 1KW=8 usd cent.
No: Naming Size Unit
1
Operating Charecteristic
1.1
Plant Type
CCGT
1.2
Net Capacity
120
MW
1.3
Net heat Rate. Annual Capacity factor
4.500
kJ/MWh
1.4
Net Efficiency
80
%
1.5
Capacity Factor
96
%
1.6
Annual Net Generation
1009.152
MWh
1.7
Primary Fuel Type
GAS
1.8
Delivered Fuel Price
4.28
S/GJ
1.9
Fuel Heat Content
1068.0
GJ/MMscf
1.10
Delivered Fuel Price (Headline)
4.52
$/MMBtu
1.11
Fuel Consuption
11.65
MMscf/day
2
Carbon Emissions
2.1
Annual Carbon Tax
0
$/tonne (CO2)
2.2
Annual Carbon Emissions
0.250
Mt/year (CO2)
2.3
Annual Carbon tax
0.000
$M/year
3
Non-Fuel Operating Costs
1009.152
%
2.7
Fixed O&M
20.0
$/kW/year
2.8
Fixed O&M
2.400
$/kW/year
2.9
Variable O&M
1.79
$/MWh
4
Financing
4.1
Project Capital Cost (excl. IDC)
800
$/kW
4.2
Capex Drawdown (Year-5)
0
%
4.3
Capex Drawdown (Year-4)
0
%/MWh
4.4
Capex Drawdown (Year-3)
0
%
4.5
Capex Drawdown (Year-2)
40
%
4.6
Capex Drawdown (Year-1)
60
&
4.7
Dept Ratio
80
%
4.8
Interest Rate
6.3
%
4.9
Target IRR on Equity
15.2
%
4.10
WACC
7.07
%
4.11
IDC
6.46
%
4.12
Total Project Cost (incl.IDC)
102.2
$/M
4.13
Operating liefe
20 years
4.14
Depreciable Component of Total Project Cost
100
%
4.15
Income Tax Rate
20
%
5
Tariff
5.1
Capital Cost (Dept, Equity, Tax)
9.94
$/MWh
5.2
Fuel Cost
19.28
$/MWh
5.3
Carbon Tax
0.000
$/MWh
5.4
Fixed O&M Cost
2.38
$/MWh
5.5
Variable O&M Cost
1.79
$/MWh
5.6
Levelised Tariff
33.37
$/MWh
Prospects of electricity in Georgia & Neighbour countries