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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
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