LIFE CYCLE COST ANALYSIS OF A DIESEL/PHOTOVOLTAIC HYBRID POWER GENERATING SYSTEM

AUTHOR: AGAJELU, BENJAMIN ONYINYE 

DEPARTMENT: MECHANICAL ENGINEERING 

AFFILIATION: NNAMDI AZIKIWE UNIVERSITY, AWKA

This work is a life cycle cost analysis (LCC) of a diesel/photovoltaic hybrid power generating system for an off-grid residential building in Enugu. It aims at optimizing different hybrid system configurations, and comparing the result obtained with the photovoltaic stand alone (PVSA) system and conventional diesel stand alone (DSA) system. The lifetime of the project is 25 years and a real interest rate of 9% per annum is assumed for the system analysis. The average hourly electrical load demand data for residential sector in Enugu were obtained from the power holding company of Nigeria (PHCN). The solar resource data for the location for the year 2010 were gotten from the NASA Langley Research Centre. The sizes of different components were determined to make sure their sizes suit the load demand. A PV stand alone system is firstly sized, after which modules of the PV array are removed in sequence to get six different sizes, at the same time, introducing the diesel generator to make a hybrid system. The hours of operation of the diesel generator increases as modules are removed from the PV array. Optimization of the hybrid system is done to determine the system configuration that would satisfy the load demand at minimum cost. The result shows that the hybrid system with 20 modules and a 2.5 kVA diesel generator will serve the load at minimum cost. A life cycle cost analysis of the systems is done using the net present value (NPV) and internal rate of return (IRR). The result shows that the LCC of the hybrid system is N3459274, that of DSA system is N7098192 and N3594881 for the PV stand alone system. The NPV of the hybrid system is N3,638,918 when compared with the DSA system and the internal rate of return is at 26.3%. the NPV of the PV stand alone system when compared with the DSA system is N3,428,747 with its internal rate of return at 24.6%. The results obtained show that the diesel/photovoltaic hybrid system is economically the best option for power generation.

TO VIEW THE FULL CONTENT OF THIS DOCUMENT, PLEASE VISIT THE UNIZIK LIBRARY WEBSITE USING THIS LINK, http://naulibrary.org/dglibrary/admin/book_directory/Thesis/11052.pdf

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