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Chapter D (Hyundai)

This document analyzes the costs of Alternative B, which uses 7 Hyundai-HiMSEN 20H32/40V diesel engines with a total capacity of 44.6928 MW. It estimates the annual fuel consumption to be 43,637,480 kg at a cost of PhP2,095,333,328. The total annual cost is estimated at PhP13,484,009,283.76, and the capitalized cost at 12% interest is PhP112,984,339,735.73.

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Mavrix Agustin
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129 views3 pages

Chapter D (Hyundai)

This document analyzes the costs of Alternative B, which uses 7 Hyundai-HiMSEN 20H32/40V diesel engines with a total capacity of 44.6928 MW. It estimates the annual fuel consumption to be 43,637,480 kg at a cost of PhP2,095,333,328. The total annual cost is estimated at PhP13,484,009,283.76, and the capitalized cost at 12% interest is PhP112,984,339,735.73.

Uploaded by

Mavrix Agustin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Alternative B: Hyundai-HiMSEN 20H32/40V

1. Specific fuel oil consumption: 178 g/kwh


 g  1000 kW    g  1000 kW  
Fuel Consumption per week = 179 kWh 640.54 MW - hr  1 MW 6 days   179 kWh 756.4733 MW - hr  1 MW  
      

Fuel Consumption per week = 823 348.6807 kg

Fuel annual consumption = 823 348.6807 kg  53 weeks


week 1 year
Fuel annual consumption = 43 637 480.08 kg

Density of Diesel = 0.832 kg/L

Volume of diesel = mass flow rate 823 348.6807 kg



density of diesel 0.832 kg/L
Volume of diesel = 989 601.7797 L/week

53 weeks 


L Php 39.95 
Fuel cost = 989 601.7797 
week  1L 
Fuel cost = Php 2 095 333 328/year (1 engine)

Specific Lube oil consumption = 0.7 g/kWh


 g  1000 kW    g  1000 kW  
Oil consumption per week =  0.7 kWh 640.54 MW - hr  1 MW 6 days    0.7 kWh 756.4733 MW - hr  1 MW  
      

Oil consumption per week = 3 219.7993 kg

Lubrication: Castrol Syltec 100; Price = 100 RS/L


3 219.7993 kg L
Volume of lubrication =  3414.4213
kg week
0.943
L

Cost of lubrication = L 100 RS Php 0.8 53 weeks


3414.4213   
week L 1 RS 1 year
Annual cost of lubrication = Php 14 477 146.38 (1 engine)

2. Cost of Engine

Capacity of one engine : 8 938.55 kW


(*According to F.T. Morse, diesel engine type may cost from $130 to $250 per kW of capacity.)
$190 Php 51.95
Cost of one engine = 8 938.55 kW  
1 kW $1
Cost of one engine = Php 88 227 957.78
Total cost of engines = Php 88 227 957.78 X 7 engines
Total cost of engines = Php 617 595 704.40

3. Operational cost

Total Capacity of the plant: 44.6928 MW


(*According to F.T. Morse, labor requirement per 1000 kW installed capacity is one employee.)
1 person
Number of employees = 44.6928 MW   44.6928 persons  45 employees
1 MW
Php 264 600
Average salary of an employee annually =  45 employee
employee

(*Php 264 600 is based on http://www.payscale.com/research/PH/Job=Power_Plant_Operator/Salary)

Average annual salary cost = Php 11 880 000


4. Depreciation cost

Depreciation cost = 0.1*[original engine cost - 0.067(original cost)] (Equation 3)


Depreciation cost = 0.1*[Php. 617 595 704.40 - 0.067(617 595 704.40)]
Depreciation cost = Php 57 621 679.22

5. Maintenance cost

(*Maintenance cost according to HOMER energy is $0.02 per kWh)


[(640.54 MW - hr)(6 days) + 756.4733 MW - hr]
Annual Load = week
 53 weeks

Annual load = 243 784.8049 Mw-hr


1000 kW $0.02 Php 51.95
Maintenance cost = 243 784.8049 MW - hr   
1 MW 1 kWh $1
Annul maintenance cost = Php 253 292 412.3

Total annual cost = (Fuel cost + lubrication cost + operation and maintenance cost + cost of engine) - depreciation

Total annual cost = {[6*(Php 2 095 333 328 + Php 14 477 146.38)]+ Php 617 595 704.40 +Php 11 880
000 + Php 253 292 412.3 } - Php 57 621 679.22

Total annual cost = PhP13,484,009,283.76


total annual cost
Capitalized cost = initial engine cost +
interest rate

Where:
i = interest rate = 12%
PhP13,484,009,283.76
Capitalized cost = Php 617 595 704.40 
0.12

Capitalized cost = PhP112,984,339,735.73


COMPARISON TABLE

A B C D E

FUEL COST PhP12,571,999,968.00

LUBRICATION COST PhP86,862,878.28

COST OF ENGINE PhP617,595,704.40

OPERATION COST PhP11,880,000.00

DEPRECIATION COST PhP57,621,679.22

MAINTENANCE COST PhP253,292,412.30

TOTAL ANNUAL COST PhP13,484,009,283.76

CAPITALIZED COST PhP112,984,339,735.73

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