Table 11 Economic benefit analysis of the proposed grid-connected system compared to the base case off-grid system (Excel results)
Analyzed parameters | Specification |
|---|---|
Calculated capital recovery factor (CRF) | 0.0782 |
Net of NPC as benefit of the switch to the proposed grid-based system | $34.96 M |
Calculated annualized value of the benefit | $2.73 M |
Calculated payback period (PBP) | 6.09 years |
Discounted payback period (DPBP) | 7.18 years |
Calculated rate of return (ROI) | 16.41% |
Calculated internal rate of return (IRR) | 16% |