CCGT Economics																											
																											
Capacity	MW	750																									
Load Factor	%	65%																									
Annual output	TWh	4.27																									
	MWh	4270500																									
	kW	750000																									
Construction time	years	3																									
Project life	years	20																									
																											
Fuel																											
Efficiency		54%																									
Fuel consumed	MWh	7908333			NPV	-60.6																					
Gas cost	US$/mmbtu	3.5																									
	US$/MWh	11.95																									
Convert mmbtu to MWh	3.413																										
						US$=€1	1.13																				
EIA Estimates							€mm																				
Capital Cost	US$/kW	978		733.5	US$mm		649																				
Fixed Cost	US$/kW	0		0.00	US$mm		0																				
Variable Costs	US$/MWh	0		0.00	US$mm		0																				
Gas Cost	US$/MWh	11.95		94.5	US$mm		84																				
																											
Carbon output per MWh	Tonnes	0.18																									
Carbon price	US$/t	0.00																									
																											
Corporate Tax Rate		0%																									
																											
Electricity Price	US$/MWh	30																									
Capacity Payment	US$/kW	0																									
																											
Project Economics																											
		2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042			
Utilisation					65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%	65%			
Output	MWh				4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500	4270500			
Price	$/MWh				30	30	30	30	30	30	30	30	30	30	30	30	30	30	30	30	30	30	30	30			
Revenues	$mm				128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1	128.1			
Capacity Payment	$mm				0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0			
																											
Capex	$mm	-244.5	-244.5	-244.5																							
Total	$mm																										
																											
Variable Cost	$mm				0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0			
Fixed Cost	$mm				0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0			
Fuel Cost	$mm				-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5			
Cost of Carbon	$mm				0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0			
Total Costs	$mm				-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5	-94.5			
																											
Operating Cashflow	€mm				33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6			
																											
Depreciation	20	years			0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0			
																											
Pre-tax profit	€mm				33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6			
																											
Corporation Tax	0%				0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0			
																											
Net Income	€mm				33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6			
																											
Post-tax Cashflow	€mm				33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6			
																											
Net Cashflow	€mm	-244.5	-244.5	-244.5	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6			
Cumulative Net Cashflow		-244.5	-489.0	-733.5	-699.9	-666.2	-632.6	-598.9	-565.3	-531.6	-498.0	-464.3	-430.7	-397.0	-363.4	-329.7	-296.1	-262.5	-228.8	-195.2	-161.5	-127.9	-94.2	-60.6			
																											
Discount Rate	0.00%																										
Discount Factor	1	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00			
																											
Discounted Cashflow	€mm	-244.5	-244.5	-244.5	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6	33.6			
																											
NPV	€mm	-60.6																									
IRR	%	-0.7%																									
																											
Payback (Years)	15																										
																											
Breakeven Utilisation	77%																										
Breakeven Gas Price	3.50																										
Breakeven Electricity Price																											
Breakeven Carbon Price																											
																											
	Load Factor																										
	20%	30%	40%	50%	60%	70%	80%																				
Capacity Payment	59.27	48.85	38.43	28.01	17.59	7.17	-3.25																				
##### Sheet/List 2 #####
WACC	
	
	
Cost of Equity	
20-year return	0.00%
Risk Free Rate	0.00%
Beta	0
	
Cost of Equity	0.00%
	
Interest Rate	0.00%
Tax Rate	0%
	
Cost of Debt 	0.00%
	
WACC	0.00%
	
% Debt	50%
% Equity	50%
##### Sheet/List 3 #####
Capital Costs		
		
	US$/kW	
Gas CCGT	978	
Onshore Wind	1877	
Solar PV	2534	
Hydro	3123	
Coal (USC)	3636	
Biomass	4985	
Nuclear	5945	
Offshore Wind	6628	
Waste	8843	
		
		
		
		
		
Operating Costs		
	Fixed (LHS)	Variable (RHS)
Gas CCGT	11	3.5
Solar PV	23.4	0
Onshore Wind	39.7	0
Coal (USC)	42.1	4.6
Offshore Wind	54	0
Nuclear	100.3	2.3
Biomass	110	4.2
##### Sheet/List 4 #####
	2.205		
	Pounds per mmBtu	Tonnes per mmbtu	Tonnes per MWh
Gas	117.0	0.053	0.181
Gasoline	157.2	0.071	0.243
Diesel	161.3	0.073	0.250
Lignite	215.4	0.098	0.333
Coal	228.6	0.104	0.354