Summary
A gas-fired SSCHP was installed in a private textile/knitwear factory in Bulgaria - Vratitza Joint Stock Company. The unit has a 519 kW electrical capacity and a 653 kW thermal capacity. The main aim of the project is to improve the energy situation of the factory, to reduce energy costs and therefore - to improve the economic/financial results and competitiveness of production.
Results
The calculation at current prices of electricity, heat and natural gas in Bulgaria show the following main results of project economic evaluation at 6000 operational hours/annum:
Investment payback would go to about 4 years at leasing conditions. It is evident that presuming project lifetime of about 20 years (equipment life-time given by the manufacturer with two major overhauls) the profitability of the SSCHP project is very high provided that the company keeps stable market share and economic and financial performance. It will additionally increase in view of expected energy price increases till 2005 when they will be fully liberalized and market-determined.
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Case Study (104 Kb PDF)