Feasibility Study of a Large-ScaleWind Farm in Sujawal, Sindh Province of Pakistan Through Two Economic Models: Levelized Cost of Energy (LCOE) & Cash Flow Model

International Journal of Economics and Management Studies

© 2019 by SSRG - IJEMS Journal

Volume 6 Issue 8

Year of Publication : 2019

Authors : Naheed Mirjat, Baqir Ali Mirjat, Muhammad Masihullah Jatoi, Mazhar Hussain Baloch, Nosheen Memon

10.14445/23939125/IJEMS-V6I8P111

How to Cite?

Naheed Mirjat, Baqir Ali Mirjat, Muhammad Masihullah Jatoi, Mazhar Hussain Baloch, Nosheen Memon, "Feasibility Study of a Large-ScaleWind Farm in Sujawal, Sindh Province of Pakistan Through Two Economic Models: Levelized Cost of Energy (LCOE) & Cash Flow Model," SSRG International Journal of Economics and Management Studies, vol. 6,  no. 8, pp. 93-102, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I8P111

Abstract:

Pakistan has tremendous potential for wind power in Sindh province. Authors in this work studied the economics of a wind farm installation in Sujawal district, Sindh province. The technical aspects of the wind power plant are estimated using three years of wind data from 2016 to 2018 to evaluate the wind potential available there. Moreover, different wind turbine(WT) models are considered, to study the economics of the wind power project including; power output (Pout),capacity factor (Cf), and their annual energy production (AEP). Furthermore, the cost of energy generation ($/kWh),system payback period (SPB),and return on investment (ROI) of each wind turbine calculated. For this purpose, two economic models have utilised: TheLevelized cost of energy (LCOE) and the Cash flow method. The financial analysis concludes that this site is suitable for the installation of a wind power plant. The wind project if installed in this district, will not only increase the generation of electricity but also bring new avenues for economic growth and produces employment. It will improve the quality of life of the local population.

Keywords:

Wind Energy, Levelized cost of energy (LCOE), cash flow model, net present value (NPV),system payback period (SPB), return on investment (ROI).

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