DSpace
 

EMU I-REP >
03 Faculty of Business and Economics >
Theses (Master's and Ph.D) – Business and Economics >

Please use this identifier to cite or link to this item: http://hdl.handle.net/11129/6050

Title: Cost Benefit Analysis of Lake Turkana Wind Project, Kenya
Authors: Jenkins, Glenn Paul (Supervisor)
Ibrahim, Lukman
Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics
Keywords: Economics Department
Energy Economics and Finance
Wind Project--Lake Turkana--Kenya
Energy Production--Economics--Wind Energy
Air resources--Economics
financial analysis, cost-benefit, wind power
Issue Date: Feb-2021
Publisher: Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ)
Citation: Ibrahim, Lukman. (2021). Cost Benefit Analysis of Lake Turkana Wind Project, Kenya. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.
Abstract: Lake Turkana Wind Power is the largest single private investment in Kenya, the location for the wind farm is in an isolated rural area with powerful wind resource but suffers from no connectivity to the national grid. This study conducts a cost-benefit analysis which evaluates the financial and economic benefits of the Lake Turkana wind power plant. The results of the analysis show that the project had a return of €23.45 million in 2021 prices to the project owners. The wind power plant compared to Rabai alternative gas turbine produced a low-cost energy providing an estimated cost of €0.10 per kwh while Rabai was estimated to produce energy at €0.15 per kwh. The cost savings to grid with the project amounts to €237 million. The effect of time overrun and cost of transmission delay were estimated to be €25 million and €83 million respectively. The net economic benefit of the wind project can be estimated to be €129 million.
ÖZ: Turkana Gölü Rüzgar Enerjisi, Kenya'daki en büyük özel yatırımdır, rüzgar çiftliğinin konumu, güçlü rüzgar kaynaklarına sahip izole bir kırsal alandadır, ancak ulusal şebekeye hiçbir bağlantısı yoktur. Bu çalışma, Turkana Gölü rüzgar santralinin finansal ve ekonomik faydalarını değerlendiren bir maliyet-fayda analizi yapmaktadır. Analiz sonuçları, projenin 2021 yılında proje sahiplerine 10.64 milyon Euro'luk getiri sağladığını gösteriyor. Rabai alternatif gaz türbini ile karşılaştırıldığında rüzgar santrali, kwh başına 0,10 € tahmini maliyet sağlayan düşük maliyetli bir enerji üretirken, Rabai'nin kwh başına 0,15 € enerji ürettiği tahmin edilmektedir. Proje ile şebekeye sağlanan maliyet tasarrufu 353 milyon Euro tutarındadır. Zaman aşımının ve iletim gecikmesinin maliyetinin etkisinin sırasıyla 16 milyon € ve 161 milyon € olduğu tahmin edildi. Rüzgar projesinin net ekonomik faydasının 176 milyon € olacağı tahmin edilebilir.
Description: Master of Science in Energy Economics and Finance. Institute of Graduate Studies and Research. Thesis (M.S.) - Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Economics, 2021. Supervisor: Prof. Dr. Glenn Paul Jenkins.
URI: http://hdl.handle.net/11129/6050
Appears in Collections:Theses (Master's and Ph.D) – Business and Economics

Files in This Item:

File Description SizeFormat
ibrahimlukman.pdfThesis, Master522.77 kBAdobe PDFView/Open


This item is protected by original copyright

Recommend this item
View Statistics

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - Feedback