Beruflich Dokumente
Kultur Dokumente
Generator Upgrade
Option A Expensive
Option B Cheap
This analysis was performed by Spemann's Tool for Return on Investment Analysis (PG-ROI) Version 62-01
spemann consulting
Cashflow Engineering Ltd (UK), Distribution by Spemann Consulting GmbH (GER)
office@spemann.com
Copyright 1997-2006
No liabilitiy for correctness of input data and results.
Generator Upgrade
Currency EUR Powerplant Generator upgrade improves power output and reduces outage times. The expensive upgrade option can be
Start Date 01/ 01 2010
Period under Review [Years] 11
installed within 14 days with high power increase, the cheap option within 30 days, with less power increase
Discount Rate 10.0%
Date for Present Value 01/ 01 2009
Income Tax Rate 0.0%
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Costs B
Other Costs B
Other Costs B
Other Costs B
Other Costs A
Other Costs A
Other Costs A
Other Costs A
D
D
E
E
F
F
mill. EUR mill. EUR
2008 2008
2009 2009
2010 2010
2011 2011
2012 2012
2013 2013
2014 2014
2015 2015
2016 2016
2017 2017
2018 2018
2019 2019
2020 2020
2021 2021
2022 2022
2023 2023
2024 2024
2025 2025
2026 2026
2027 2027
2028 2028
2029 2029
2030 2030
2031 2031
2032 2032
2033 2033
2034 2034
2035 2035
2036 2036
2037 2037
2038 2038
2039 2039
2040 2040
2041 2041
2042 2042
2043 2043
2044 2044
2045 2045
2046 2046
2047 2047
2048 2048
2049 2049
2050 2050
2051 2051
2052 2052
2053 2053
2054 2054
2055 2055
2056 2056
2057 2057
Generator Upgrade
Other Costs and Revenues 2010-2014
Expensive Cheap
Now New Plant Now New Plant
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Revenues
Other Costs B
Other Costs B
Other Costs B
Other Costs B
Other Costs A
Other Costs A
Other Costs A
Other Costs A
D
D
E
E
F
F
mill. EUR mill. EUR
2008-01 2008-01
2008-02 2008-02
2008-03 2008-03
2008-04 2008-04
2008-05 2008-05
2008-06 2008-06
2008-07 2008-07
2008-08 2008-08
2008-09 2008-09
2008-10 2008-10
2008-11 2008-11
2008-12 2008-12
2009-01 2009-01
2009-02 2009-02
2009-03 2009-03
2009-04 2009-04
2009-05 2009-05
2009-06 2009-06
2009-07 2009-07
2009-08 2009-08
2009-09 2009-09
2009-10 2009-10
2009-11 2009-11
2009-12 2009-12
2010-01 2010-01
2010-02 2010-02
2010-03 2010-03
2010-04 2010-04
2010-05 2010-05
2010-06 2010-06
2010-07 2010-07
2010-08 2010-08
2010-09 2010-09
2010-10 2010-10
2010-11 2010-11
2010-12 2010-12
2011-01 2011-01
2011-02 2011-02
2011-03 2011-03
2011-04 2011-04
2011-05 2011-05
2011-06 2011-06
2011-07 2011-07
2011-08 2011-08
2011-09 2011-09
2011-10 2011-10
2011-11 2011-11
2011-12 2011-12
2012-01 2012-01
2012-02 2012-02
2012-03 2012-03
2012-04 2012-04
2012-05 2012-05
2012-06 2012-06
2012-07 2012-07
2012-08 2012-08
2012-09 2012-09
2012-10 2012-10
2012-11 2012-11
2012-12 2012-12
Generator Upgrade
Power, Operating Hours and Efficiency
Expensive Cheap
Now New Plant Now New Plant
Electric Net Power Degradation Electric Net Power Degradation Electric Net Power Degradation Electric Net Power Degradation
El. Net Efficiency Factor El. Net Efficiency Factor El. Net Efficiency Factor El. Net Efficiency Factor
_______________________ _________ Equ. op- _______________________ _________ Equ. op- _______________________ _________ Equ. op- _______________________ _________ Equ. op-
Operating Hours % hrs Operating Hours % hrs Operating Hours % hrs Operating Hours % hrs
MW 120 120 121.5 121.5 MW 120 120 120.5 120.5
Eta 45.00% MW Eta 45.56% MW Eta Eta 45.00% MW Eta 45.19% MW Eta
2008 7,689 0 0 0 7,689 0 0 0 0 0 2008 7,533 0 0 0 7,533 0 0 0 0 0
2009 0 0 0 0 0 8,000 0 0 0 8,000 2009 0 0 0 0 0 8,000 0 0 0 8,000
2010 0 0 0 0 0 8,000 0 0 0 8,000 2010 0 0 0 0 0 8,000 0 0 0 8,000
2011 0 0 0 0 0 8,000 0 0 0 8,000 2011 0 0 0 0 0 8,000 0 0 0 8,000
2012 0 0 0 0 0 8,000 0 0 0 8,000 2012 0 0 0 0 0 8,000 0 0 0 8,000
2013 0 8,000 8,000 2013 0 8,000 8,000
2014 0 8,000 8,000 2014 0 8,000 8,000
2015 0 8,000 8,000 2015 0 8,000 8,000
2016 0 8,000 8,000 2016 0 8,000 8,000
2017 0 8,000 8,000 2017 0 8,000 8,000
2018 0 8,000 8,000 2018 0 8,000 8,000
2019 0 8,000 8,000 2019 0 8,000 8,000
2020 0 8,000 8,000 2020 0 8,000 8,000
2021 0 8,000 8,000 2021 0 8,000 8,000
2022 0 8,000 8,000 2022 0 8,000 8,000
2023 0 8,000 8,000 2023 0 8,000 8,000
2024 0 8,000 8,000 2024 0 8,000 8,000
2025 0 8,000 8,000 2025 0 8,000 8,000
2026 0 8,000 8,000 2026 0 8,000 8,000
2027 0 8,000 8,000 2027 0 8,000 8,000
2028 0 8,000 8,000 2028 0 8,000 8,000
2029 0 8,000 8,000 2029 0 8,000 8,000
2030 0 8,000 8,000 2030 0 8,000 8,000
2031 0 8,000 8,000 2031 0 8,000 8,000
2032 0 8,000 8,000 2032 0 8,000 8,000
2033 0 8,000 8,000 2033 0 8,000 8,000
2034 0 8,000 8,000 2034 0 8,000 8,000
2035 0 8,000 8,000 2035 0 8,000 8,000
2036 0 0 2036 0 0
2037 0 0 2037 0 0
2038 0 0 2038 0 0
2039 0 0 2039 0 0
2040 0 0 2040 0 0
2041 0 0 2041 0 0
2042 0 0 2042 0 0
2043 0 0 2043 0 0
2044 0 0 2044 0 0
2045 0 0 2045 0 0
2046 0 0 2046 0 0
2047 0 0 2047 0 0
2048 0 0 2048 0 0
2049 0 0 2049 0 0
2050 0 0 2050 0 0
2051 0 0 2051 0 0
2052 0 0 2052 0 0
2053 0 0 2053 0 0
2054 0 0 2054 0 0
2055 0 0 2055 0 0
2056 0 0 2056 0 0
2057 0 0 2057 0 0
Generator Upgrade
Power, Operating Hours and Efficiency
Expensive Cheap
Now New Plant Now New Plant
Electric Net Power Degradation Electric Net Power Degradation Electric Net Power Degradation Electric Net Power Degradation
El. Net Efficiency Factor El. Net Efficiency Factor El. Net Efficiency Factor El. Net Efficiency Factor
_______________________ _________ Equ. op- _______________________ _________ Equ. op- _______________________ _________ Equ. op- _______________________ _________ Equ. op-
Operating Hours % hrs Operating Hours % hrs Operating Hours % hrs Operating Hours % hrs
MW 120 0 0 0 120 121.5 0 0 0 121.5 MW 120 0 0 0 120 120.5 0 0 0 120.5
Eta 45.00% 0.00% 0.00% 0.00% MW Eta 45.56% 0.00% 0.00% 0.00% MW Eta Eta 45.00% 0.00% 0.00% 0.00% MW Eta 45.19% 0.00% 0.00% 0.00% MW Eta
2008-01 667 667 0 2008-01 667 667 0
2008-02 667 667 0 2008-02 667 667 0
2008-03 667 667 0 2008-03 667 667 0
2008-04 667 667 0 2008-04 667 667 0
2008-05 667 667 0 2008-05 667 667 0
2008-06 667 667 0 2008-06 667 667 0
2008-07 667 667 0 2008-07 667 667 0
2008-08 667 667 0 2008-08 667 667 0
2008-09 667 667 0 2008-09 667 667 0
2008-10 667 667 0 2008-10 667 667 0
2008-11 667 667 0 2008-11 667 667 0
2008-12 356 356 0 2008-12 200 200 0
2009-01 0 667 667 2009-01 0 667 667
2009-02 0 667 667 2009-02 0 667 667
2009-03 0 667 667 2009-03 0 667 667
2009-04 0 667 667 2009-04 0 667 667
2009-05 0 667 667 2009-05 0 667 667
2009-06 0 667 667 2009-06 0 667 667
2009-07 0 667 667 2009-07 0 667 667
2009-08 0 667 667 2009-08 0 667 667
2009-09 0 667 667 2009-09 0 667 667
2009-10 0 667 667 2009-10 0 667 667
2009-11 0 667 667 2009-11 0 667 667
2009-12 0 667 667 2009-12 0 667 667
2010-01 0 667 667 2010-01 0 667 667
2010-02 0 667 667 2010-02 0 667 667
2010-03 0 667 667 2010-03 0 667 667
2010-04 0 667 667 2010-04 0 667 667
2010-05 0 667 667 2010-05 0 667 667
2010-06 0 667 667 2010-06 0 667 667
2010-07 0 667 667 2010-07 0 667 667
2010-08 0 667 667 2010-08 0 667 667
2010-09 0 667 667 2010-09 0 667 667
2010-10 0 667 667 2010-10 0 667 667
2010-11 0 667 667 2010-11 0 667 667
2010-12 0 667 667 2010-12 0 667 667
2011-01 0 667 667 2011-01 0 667 667
2011-02 0 667 667 2011-02 0 667 667
2011-03 0 667 667 2011-03 0 667 667
2011-04 0 667 667 2011-04 0 667 667
2011-05 0 667 667 2011-05 0 667 667
2011-06 0 667 667 2011-06 0 667 667
2011-07 0 667 667 2011-07 0 667 667
2011-08 0 667 667 2011-08 0 667 667
2011-09 0 667 667 2011-09 0 667 667
2011-10 0 667 667 2011-10 0 667 667
2011-11 0 667 667 2011-11 0 667 667
2011-12 0 667 667 2011-12 0 667 667
2012-01 0 667 667 2012-01 0 667 667
2012-02 0 667 667 2012-02 0 667 667
2012-03 0 667 667 2012-03 0 667 667
2012-04 0 667 667 2012-04 0 667 667
2012-05 0 667 667 2012-05 0 667 667
2012-06 0 667 667 2012-06 0 667 667
2012-07 0 667 667 2012-07 0 667 667
2012-08 0 667 667 2012-08 0 667 667
2012-09 0 667 667 2012-09 0 667 667
2012-10 0 667 667 2012-10 0 667 667
2012-11 0 667 667 2012-11 0 667 667
2012-12 0 667 667 2012-12 0 667 667
Generator Upgrade
Investment per categories, credit line and depreciation schedule 2010-2014
Expensive Cheap
Plant (mechanical)
Plant (mechanical)
Plant (electr., I&C)
Other Invest C
Other Invest D
Other Invest B
Other Invest C
Other Invest D
Other Invest A
Other Invest A
Access roads
Access roads
Buildings
Buildings
% Credit
% Credit
Credit 1
Credit 2
Credit 1
Credit 2
Land
Land
Category Category
mill. EUR mill. EUR 0
% Depreciation % Depreciation
Years deprec. Years deprec.
2008-01 0% 2008-01 0%
2008-02 0% 2008-02 0%
2008-03 0% 2008-03 0%
2008-04 0% 2008-04 0%
2008-05 0% 2008-05 0%
2008-06 0% 2008-06 0%
2008-07 0% 2008-07 0%
2008-08 0% 2008-08 0%
2008-09 0% 2008-09 0%
2008-10 0% 2008-10 0%
2008-11 0% 2008-11 0%
2008-12 0% 2008-12 0%
2009-01 0% 2009-01 0%
2009-02 0% 2009-02 0%
2009-03 0% 2009-03 0%
2009-04 0% 2009-04 0%
2009-05 0% 2009-05 0%
2009-06 0% 2009-06 0%
2009-07 0% 2009-07 0%
2009-08 0% 2009-08 0%
2009-09 0% 2009-09 0%
2009-10 0% 2009-10 0%
2009-11 0% 2009-11 0%
2009-12 0% 2009-12 0%
2010-01 0% 2010-01 0%
2010-02 0% 2010-02 0%
2010-03 0% 2010-03 0%
2010-04 0% 2010-04 0%
2010-05 0% 2010-05 0%
2010-06 0% 2010-06 0%
2010-07 0% 2010-07 0%
2010-08 0% 2010-08 0%
2010-09 0% 2010-09 0%
2010-10 0% 2010-10 0%
2010-11 0% 2010-11 0%
2010-12 0% 2010-12 0%
2011-01 0% 2011-01 0%
2011-02 0% 2011-02 0%
2011-03 0% 2011-03 0%
2011-04 0% 2011-04 0%
2011-05 0% 2011-05 0%
2011-06 0% 2011-06 0%
2011-07 0% 2011-07 0%
2011-08 0% 2011-08 0%
2011-09 0% 2011-09 0%
2011-10 0% 2011-10 0%
2011-11 0% 2011-11 0%
2011-12 0% 2011-12 0%
2012-01 0% 2012-01 0%
2012-02 0% 2012-02 0%
2012-03 0% 2012-03 0%
2012-04 0% 2012-04 0%
2012-05 0% 2012-05 0%
2012-06 0% 2012-06 0%
2012-07 0% 2012-07 0%
2012-08 0% 2012-08 0%
2012-09 0% 2012-09 0%
2012-10 0% 2012-10 0%
2012-11 0% 2012-11 0%
2012-12 0% 2012-12 0%
Generator Upgrade
Expensive
Investment Net Present Value (10%) at 1.1.2009 mill. EUR 16.020
Debt mill. EUR 0.000 Internal Rate of Return till 2020 %/a
Equity mill. EUR 2.107 Internal Rate of Return till 2020 %/a
Capital Requirement mill. EUR 2.107 Pay Off Time from 1.1.2009 (a)
60
40
20 Investment Volume
Fuel
Variable Rev. Electr.
0 Net Present Value
Cash Flow
Present Value of Cash Flow
-20
-40
-60
2018
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
20
-6
-4
-2
0
2
4
6
8
10
08
mill. EUR
-0
20 1
08
-0
20 3
08
-0
Expensive
20 5
08
-0
20 7
08
Investment Volume
-0
20 9
08
-1
Generator Upgrade
20 1
09
-0
Fuel
20 1
09
-0
20 3
09
-0
20 5
09
-0
20 7
09
-0
20 9
09
-
20 11
10
-0
20 9
10
Net Present Value
-1
20 1
11
-0
20 1
11
-0
20 3
11
-0
20 5
Cash Flow
11
-0
20 7
11
-0
20 9
11
-
20 11
12
-0
20 1
12
-0
20 3
12
-0
20 5
12
-0
20 7
Present Value of Cash Flow
12
-0
20 9
12
-1
1
Generator Upgrade
Cheap
Investment Net Present Value (10%) at 1.1.2009 mill. EUR 14.514
Debt mill. EUR 0.000 Internal Rate of Return till 2020 %/a
Equity mill. EUR 1.000 Internal Rate of Return till 2020 %/a
Capital Requirement mill. EUR 1.000 Pay Off Time from 1.1.2009 (a)
60
40
20 Investment Volume
Fuel
Variable Rev. Electr.
0
Net Present Value
Cash Flow
Present Value of Cash Flow
-20
-40
-60
2008
2009
2010
2012
2013
2014
2015
2016
2017
2018
2011
20
10
-6
-4
-2
0
2
4
6
8
08
mill. EUR
-
20 01 Cheap
08
-
20 03
08
-
20 05
08
-
20 07
Investment Volume
08
-
20 09
08
Generator Upgrade
20 -11
09
-
Fuel
20 01
09
-
20 03
09
-
20 05
09
-
20 07
09
-
20 09
09
20 -11
-
20 09
10
Net Present Value
-
20 11
11
-
20 01
11
-
20 03
11
-
20 05
Cash Flow
11
-
20 07
11
-0
20 9
11
20 -11
12
-
20 01
12
-
20 03
12
-
20 05
12
-
20 07
Present Value of Cash Flow
12
-
20 09
12
-1
1
Generator Upgrade
Delta
Investment Net Present Value (10%) at 1.1.2009 mill. EUR 1.506
Debt mill. EUR 0.000 Internal Rate of Return till 2020 %/a 44.4%
Equity mill. EUR 1.107 Internal Rate of Return till 2020 %/a 44.4%
Capital Requirement mill. EUR 1.107 Pay Off Time from 1.1.2009 (a) 3.0
1.5
1
Investment Volume
Fuel
0.5
Variable Rev. Electr.
Net Present Value
0 Cash Flow
Present Value of Cash Flow
-0.5
-1
-1.5
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
20
-1.5
-1
-0.5
0
0.5
1
1.5
08
mill. EUR
-0
20
1 Delta
08
-0
3
20
08
-0
5
20
08
-0
7
20
Investment Volume
08
-0
9
20
08
-1
1
Generator Upgrade
20
09
-0
1
Fuel
20
09
-0
3
20
09
-0
5
20
09
-0
7
20
09
-0
9
20
09
-1
1
20
-0
9
20
10
Net Present Value
-1
1
20
11
- 01
20
11
- 03
20
11
- 05
20
Cash Flow
11
- 07
20
11
- 09
20
11
- 11
20
12
-0
1
20
12
-0
3
20
12
-0
5
20
12
-0
7
20
Present Value of Cash Flow
12
-0
9
20
12
-1
1
Generator Upgrade
Expensive
Electricity Production Cost Levelized 2008 2009 2010 2011 2012
Capital Costs EUR/MWh
Fixed Operating Costs EUR/MWh
Variable Operating Costs EUR/MWh 47.487 48.000 47.407 47.407 47.407 47.407
Electricity Production Cost EUR/MWh 47.487 48.000 47.407 47.407 47.407 47.407
48
47.9 Fuel
47.8
47.6
48.000
Operating Costs (Fix)
47.5
47.487
47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
47.4
Electricity Production Cost
47.3
47.2
Variable Rev. Electr.
47.1
2008
2009
2010
2011
2012
2014
2015
2016
2017
2018
2013
Generator Upgrade
Expensive
EUR/MWh Electricity Production Cost
48.1
48
47.9
47.8
47.7
47.6
47.5
47.4
47.3
47.2
47.1
1 3 5 7 9 1 1 3 5 7 9 1 1 3 5 7 9 1 1 3 5 7 9 1 1 3 5 7 9 1
8 -0 8-0 8-0 8-0 8-0 8-1 9-0 9-0 9-0 9-0 9-0 9-1 0-0 0-0 0-0 0-0 0-0 0-1 1-0 1-0 1-0 1-0 1-0 1-1 2-0 2-0 2-0 2-0 2-0 2-1
0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1
20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 2 20 20 20 20 20 20
48.05
48
Fuel
47.95
47.75
2009
2010
2012
2013
2014
2015
2016
2017
2018
Generator Upgrade
Cheap
EUR/MWh Electricity Production Cost
48.05
48
47.95
47.9
47.85
47.8
47.75
47.7
01 03 05 07 09 11 01 03 05 07 09 11 01 03 05 07 09 11 01 03 05 07 09 11 01 03 05 07 09 11
08- 08- 08- 08- 08- 08- 09- 09- 09- 09- 09- 09- 10- 10- 10- 10- 10- 10- 11- 11- 11- 11- 11- 11- 12- 12- 12- 12- 12- 12-
0
20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 2 20 20 20 20 20 20
60
50 Fuel
48.000
30
Operating Costs (Fix)
20
Electricity Production Cost
12.793
10
Variable Rev. Electr.
0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
20
10
20
30
40
50
60
0
08
-
EUR/MWh
20 01
08 Delta
Fuel
-
20 03
08
-
20 05
08
-
20 07
08
-
20 09
08
20 -11
Generator Upgrade
09
-
20 01
-
20 01
11
-
20 03
11
-
20 05
11
-
20 07
11
-
20 09
11
Variable Rev. Heat - Then
20 -11
12
-
20 01
12
-
20 03
12
-
20 05
12
-
20 07
Variable Rev. Heat
12
-
20 09
12
-1
1
Generator Upgrade
Expensive
Operating Result mill. EUR 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Other Costs B
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now 46.364 44.288
Fuel - Then 295.896 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Fuel 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Costs 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Result
Operating Result 18.114 1.845 2.520 2.520 2.520 2.520 2.520 2.520 2.520 2.520 2.520 2.520
Generator Upgrade
Cheap
Operating Result mill. EUR 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now 45.468 43.392
Fuel - Then 295.896 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Fuel 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Costs 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Result
Operating Result 15.508 1.808 2.120 2.120 2.120 2.120 2.120 2.120 2.120 2.120 2.120 2.120
Generator Upgrade
Delta
Operating Result mill. EUR 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now 0.896 0.896
Fuel - Then
Fuel 0.896 0.896
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 0.896 0.896
Operating Result
Operating Result 2.606 0.037 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400
Generator Upgrade
Expensive
Operating Result mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02 2009-03 2009-04 2009-05 2009-06 2009-07 2009-08 2009-09 2009-10 2009-11
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Other Costs B
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now 46.364 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048
Fuel - Then 152.647 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Fuel 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Result
Operating Result 10.280 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.085 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210
Generator Upgrade
Expensive
Operating Result 2009-12 2010-01 2010-02 2010-03 2010-04 2010-05 2010-06 2010-07 2010-08 2010-09 2010-10 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12
Operating Revenues
Fixed Revenues Electricity - Now
Fixed Revenues Electricity - Then
Fixed Revenues Electricity
Fixed Revenues Heat - Now
Fixed Revenues Heat - Then
Fixed Revenues Heat
Other Revenues D - Now
Other Revenues D - Then
Other Revenues D
Other Revenues E - Now
Other Revenues E - Then
Other Revenues E
Other Revenues F - Now
Other Revenues F - Then
Other Revenues F
Operating Revenues (Fix)
Variable Rev. Electr. - Now
Variable Rev. Electr. - Then 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Variable Rev. Electr. 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Variable Rev. Heat - Now
Variable Rev. Heat - Then
Variable Rev. Heat
Operating Revenues (Variab.) 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Revenues 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Other Costs B
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now
Fuel - Then 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Result
Operating Result 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210
Generator Upgrade
Expensive
Operating Result 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Operating Revenues
Fixed Revenues Electricity - Now
Fixed Revenues Electricity - Then
Fixed Revenues Electricity
Fixed Revenues Heat - Now
Fixed Revenues Heat - Then
Fixed Revenues Heat
Other Revenues D - Now
Other Revenues D - Then
Other Revenues D
Other Revenues E - Now
Other Revenues E - Then
Other Revenues E
Other Revenues F - Now
Other Revenues F - Then
Other Revenues F
Operating Revenues (Fix)
Variable Rev. Electr. - Now
Variable Rev. Electr. - Then 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Variable Rev. Electr. 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Variable Rev. Heat - Now
Variable Rev. Heat - Then
Variable Rev. Heat
Operating Revenues (Variab.) 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Revenues 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Other Costs B
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now
Fuel - Then 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Result
Operating Result 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210
Generator Upgrade
Cheap
Operating Result mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02 2009-03 2009-04 2009-05 2009-06 2009-07 2009-08 2009-09 2009-10 2009-11 2009-12 2010-01 2010-02 2010-03 2010-04 2010-05 2010-06 2010-07 2010-08 2010-09 2010-10
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now 45.468 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152
Fuel - Then 152.647 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Fuel 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Result
Operating Result 8.917 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.048 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177
Generator Upgrade
Cheap
Operating Result 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Operating Revenues
Fixed Revenues Electricity - Now
Fixed Revenues Electricity - Then
Fixed Revenues Electricity
Fixed Revenues Heat - Now
Fixed Revenues Heat - Then
Fixed Revenues Heat
Other Revenues D - Now
Other Revenues D - Then
Other Revenues D
Other Revenues E - Now
Other Revenues E - Then
Other Revenues E
Other Revenues F - Now
Other Revenues F - Then
Other Revenues F
Operating Revenues (Fix)
Variable Rev. Electr. - Now
Variable Rev. Electr. - Then 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Variable Rev. Electr. 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Variable Rev. Heat - Now
Variable Rev. Heat - Then
Variable Rev. Heat
Operating Revenues (Variab.) 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Operating Revenues 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now
Fuel - Then 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Result
Operating Result 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177
Generator Upgrade
Delta
Operating Result mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02 2009-03 2009-04 2009-05 2009-06 2009-07 2009-08 2009-09 2009-10 2009-11 2009-12 2010-01 2010-02 2010-03 2010-04 2010-05 2010-06 2010-07 2010-08 2010-09 2010-10
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now 0.896 0.896
Fuel - Then
Fuel 0.896 0.896
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.) 0.896 0.896
Operating Result
Operating Result 1.362 0.037 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Generator Upgrade
Delta
Operating Result 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Operating Revenues
Fixed Revenues Electricity - Now
Fixed Revenues Electricity - Then
Fixed Revenues Electricity
Fixed Revenues Heat - Now
Fixed Revenues Heat - Then
Fixed Revenues Heat
Other Revenues D - Now
Other Revenues D - Then
Other Revenues D
Other Revenues E - Now
Other Revenues E - Then
Other Revenues E
Other Revenues F - Now
Other Revenues F - Then
Other Revenues F
Operating Revenues (Fix)
Variable Rev. Electr. - Now
Variable Rev. Electr. - Then 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Variable Rev. Electr. 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Variable Rev. Heat - Now
Variable Rev. Heat - Then
Variable Rev. Heat
Operating Revenues (Variab.) 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Operating Revenues 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Operating Costs
Personnel - Now
Personnel - Then
Personnel
Insurance - Now
Insurance - Then
Insurance
Fixed Maintenance - Now
Fixed Maintenance - Then
Fixed Maintenance
Other Costs A - Now
Other Costs A - Then
Other Costs A
Other Costs B - Now
Other Costs B - Then
Operating Costs (Fix)
Variable Maintenance - Now
Variable Maintenance - Then
Variable Maintenance
Fuel - Now
Fuel - Then
Fuel
Consumables - Now
Consumables - Then
Consumables
Operating Costs (Variab.)
Operating Costs
Operating Result
Operating Result 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Generator Upgrade
Expensive
Return on Investment mill. EUR 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 360.373 46.133 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600
Operating Revenues (Variab.) 360.373 46.133 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600
Operating Revenues 360.373 46.133 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600 48.600
Fuel -342.259 -44.288 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080
Operating Costs (Variab.) -342.259 -44.288 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080
Operating Costs -342.259 -44.288 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080
Investment Volume -2.094 -0.632 -1.475
Cash Flow 16.020 1.213 1.045 2.520 2.520 2.520 2.520 2.520 2.520 2.520 2.520 2.520
Cash Flow, accumulated 1.213 2.259 4.779 7.299 9.819 12.339 14.859 17.379 19.899 22.419 24.939
Internal Rate of Return
Present Value of Cash Flow 16.020 1.290 0.943 2.176 1.979 1.799 1.635 1.487 1.351 1.229 1.117 1.015
Net Present Value 1.290 2.232 4.409 6.387 8.186 9.821 11.308 12.659 13.888 15.005 16.020
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 356.871 45.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200
Operating Revenues (Variab.) 356.871 45.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200
Operating Revenues 356.871 45.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200 48.200
Fuel -341.363 -43.392 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080
Operating Costs (Variab.) -341.363 -43.392 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080
Operating Costs -341.363 -43.392 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080 -46.080
Investment Volume -0.994 -0.300 -0.700
Cash Flow 14.514 1.508 1.420 2.120 2.120 2.120 2.120 2.120 2.120 2.120 2.120 2.120
Cash Flow, accumulated 1.508 2.928 5.048 7.168 9.288 11.408 13.528 15.648 17.768 19.888 22.008
Internal Rate of Return
Present Value of Cash Flow 14.514 1.590 1.325 1.831 1.665 1.513 1.376 1.251 1.137 1.034 0.940 0.854
Net Present Value 1.590 2.915 4.746 6.410 7.924 9.299 10.550 11.687 12.720 13.660 14.514
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 3.502 0.933 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400
Operating Revenues (Variab.) 3.502 0.933 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400
Operating Revenues 3.502 0.933 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400
Fuel -0.896 -0.896
Operating Costs (Variab.) -0.896 -0.896
Operating Costs -0.896 -0.896
Investment Volume -1.100 -0.332 -0.775
Cash Flow 1.506 -0.295 -0.375 0.400 0.400 0.400 0.400 0.400 0.400 0.400 0.400
Cash Flow, accumulated -0.295 -0.669 -0.269 0.131 0.531 0.931 1.331 1.731 2.131 2.531
Internal Rate of Return 44.4% 8.3% 24.6% 33.2% 38.0% 40.9% 42.6% 43.7%
Present Value of Cash Flow 1.506 -0.300 -0.383 0.345 0.314 0.286 0.260 0.236 0.215 0.195 0.177
Net Present Value 3.0 a -0.300 -0.683 -0.337 -0.023 0.262 0.522 0.758 0.973 1.168 1.345
Generator Upgrade
Delta
Return on Investment 2018
Investment
Equity
Debt
interest during construction
Investment Volume
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 0.400
Operating Revenues (Variab.) 0.400
Operating Revenues 0.400
Fuel
Operating Costs (Variab.)
Operating Costs
Investment Volume
Cash Flow 0.400
Cash Flow, accumulated 2.931
Internal Rate of Return 44.4%
Present Value of Cash Flow 0.161
Net Present Value 1.506
Generator Upgrade
Expensive
Return on Investment mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02 2009-03 2009-04 2009-05 2009-06 2009-07 2009-08 2009-09 2009-10 2009-11 2009-12 2010-01 2010-02 2010-03 2010-04 2010-05
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 209.290 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 2.133 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Revenues (Variab.) 209.290 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 2.133 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Revenues 209.290 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 2.133 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Fuel -199.011 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -2.048 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs (Variab.) -199.011 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -2.048 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs -199.011 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -2.048 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Investment Volume -2.094 -0.632 -1.475
Cash Flow 8.186 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 -0.472 0.160 0.085 0.210 -1.265 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210
Cash Flow, accumulated 0.160 0.320 0.480 0.640 0.800 0.960 1.120 1.280 1.440 0.968 1.128 1.213 1.423 0.159 0.369 0.579 0.789 0.999 1.209 1.419 1.629 1.839 2.049 2.259 2.469 2.679 2.889 3.099 3.309
Internal Rate of Return
Present Value of Cash Flow 8.186 0.175 0.173 0.172 0.170 0.169 0.168 0.166 0.165 0.164 -0.480 0.161 0.085 0.208 -1.245 0.205 0.203 0.202 0.200 0.199 0.197 0.196 0.194 0.192 0.191 0.189 0.188 0.186 0.185 0.183
Net Present Value 0.175 0.348 0.520 0.690 0.859 1.027 1.194 1.359 1.523 1.043 1.204 1.290 1.498 0.253 0.458 0.662 0.863 1.064 1.262 1.459 1.655 1.849 2.041 2.232 2.422 2.610 2.796 2.981 3.164
Investment
Equity
Debt
interest during construction
Investment Volume
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Revenues (Variab.) 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Operating Revenues 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050 4.050
Fuel -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs (Variab.) -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Investment Volume
Cash Flow 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.210
Cash Flow, accumulated 3.519 3.729 3.939 4.149 4.359 4.569 4.779 4.989 5.199 5.409 5.619 5.829 6.039 6.249 6.459 6.669 6.879 7.089 7.299 7.509 7.719 7.929 8.139 8.349 8.559 8.769 8.979 9.189 9.399 9.609 9.819
Internal Rate of Return
Present Value of Cash Flow 0.182 0.181 0.179 0.178 0.176 0.175 0.174 0.172 0.171 0.169 0.168 0.167 0.165 0.164 0.163 0.162 0.160 0.159 0.158 0.157 0.155 0.154 0.153 0.152 0.150 0.149 0.148 0.147 0.146 0.145 0.143
Net Present Value 3.346 3.527 3.706 3.884 4.060 4.235 4.409 4.581 4.752 4.921 5.089 5.256 5.422 5.586 5.749 5.910 6.070 6.230 6.387 6.544 6.699 6.853 7.006 7.158 7.308 7.457 7.605 7.752 7.898 8.043 8.186
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 207.032 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 1.200 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Operating Revenues (Variab.) 207.032 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 1.200 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Operating Revenues 207.032 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 4.000 1.200 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Fuel -198.115 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -1.152 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs (Variab.) -198.115 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -1.152 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs -198.115 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -1.152 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Investment Volume -0.994 -0.300 -0.700
Cash Flow 7.924 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 0.160 -0.140 0.160 0.048 0.177 -0.523 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177
Cash Flow, accumulated 0.160 0.320 0.480 0.640 0.800 0.960 1.120 1.280 1.440 1.300 1.460 1.508 1.685 1.161 1.338 1.515 1.691 1.868 2.045 2.221 2.398 2.575 2.751 2.928 3.105 3.281 3.458 3.635 3.811
Internal Rate of Return
Present Value of Cash Flow 7.924 0.175 0.173 0.172 0.170 0.169 0.168 0.166 0.165 0.164 -0.142 0.161 0.048 0.175 -0.515 0.173 0.171 0.170 0.168 0.167 0.166 0.164 0.163 0.162 0.161 0.159 0.158 0.157 0.156 0.154
Net Present Value 0.175 0.348 0.520 0.690 0.859 1.027 1.194 1.359 1.523 1.380 1.542 1.590 1.765 1.250 1.422 1.594 1.763 1.932 2.099 2.265 2.429 2.592 2.754 2.915 3.074 3.232 3.389 3.545 3.699
Investment
Equity
Debt
interest during construction
Investment Volume
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Operating Revenues (Variab.) 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Operating Revenues 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017 4.017
Fuel -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs (Variab.) -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Operating Costs -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840 -3.840
Investment Volume
Cash Flow 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177 0.177
Cash Flow, accumulated 3.988 4.165 4.341 4.518 4.695 4.871 5.048 5.225 5.401 5.578 5.755 5.931 6.108 6.285 6.461 6.638 6.815 6.991 7.168 7.345 7.521 7.698 7.875 8.051 8.228 8.405 8.581 8.758 8.935 9.111 9.288
Internal Rate of Return
Present Value of Cash Flow 0.153 0.152 0.151 0.150 0.148 0.147 0.146 0.145 0.144 0.143 0.141 0.140 0.139 0.138 0.137 0.136 0.135 0.134 0.133 0.132 0.131 0.130 0.129 0.128 0.127 0.126 0.125 0.124 0.123 0.122 0.121
Net Present Value 3.852 4.004 4.155 4.304 4.453 4.600 4.746 4.891 5.034 5.177 5.318 5.459 5.598 5.736 5.873 6.009 6.144 6.278 6.410 6.542 6.673 6.802 6.931 7.058 7.185 7.311 7.435 7.559 7.681 7.803 7.924
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 2.258 0.933 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Operating Revenues (Variab.) 2.258 0.933 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Operating Revenues 2.258 0.933 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Fuel -0.896 -0.896
Operating Costs (Variab.) -0.896 -0.896
Operating Costs -0.896 -0.896
Investment Volume -1.100 -0.332 -0.775
Cash Flow 0.262 -0.332 0.037 0.033 -0.741 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Cash Flow, accumulated -0.332 -0.332 -0.295 -0.261 -1.003 -0.969 -0.936 -0.903 -0.869 -0.836 -0.803 -0.769 -0.736 -0.703 -0.669 -0.636 -0.603 -0.569 -0.536 -0.503
Internal Rate of Return 24.6%
Present Value of Cash Flow 0.262 -0.337 0.037 0.033 -0.730 0.033 0.032 0.032 0.032 0.032 0.031 0.031 0.031 0.031 0.030 0.030 0.030 0.030 0.029 0.029
Net Present Value 3.0 a -0.337 -0.337 -0.300 -0.267 -0.997 -0.964 -0.932 -0.900 -0.868 -0.836 -0.805 -0.774 -0.743 -0.713 -0.683 -0.652 -0.623 -0.593 -0.564 -0.535
Generator Upgrade
Delta
Return on Investment 2010-06 2010-07 2010-08 2010-09 2010-10 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Investment
Equity
Debt
interest during construction
Investment Volume
Debt Service
Debt Payback
Debt interest
Debt Service
Cash Flow
Variable Rev. Electr. 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Operating Revenues (Variab.) 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Operating Revenues 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Fuel
Operating Costs (Variab.)
Operating Costs
Investment Volume
Cash Flow 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033 0.033
Cash Flow, accumulated -0.469 -0.436 -0.403 -0.369 -0.336 -0.303 -0.269 -0.236 -0.203 -0.169 -0.136 -0.103 -0.069 -0.036 -0.003 0.031 0.064 0.097 0.131 0.164 0.197 0.231 0.264 0.297 0.331 0.364 0.397 0.431 0.464 0.497 0.531
Internal Rate of Return 2.1% 4.3% 6.4% 8.3% 10.1% 11.9% 13.5% 15.0% 16.5% 17.8% 19.1% 20.4% 21.5% 22.6% 23.6% 24.6%
Present Value of Cash Flow 0.029 0.029 0.028 0.028 0.028 0.028 0.028 0.027 0.027 0.027 0.027 0.026 0.026 0.026 0.026 0.026 0.025 0.025 0.025 0.025 0.025 0.024 0.024 0.024 0.024 0.024 0.024 0.023 0.023 0.023 0.023
Net Present Value -0.506 -0.477 -0.449 -0.420 -0.392 -0.365 -0.337 -0.310 -0.283 -0.256 -0.229 -0.203 -0.176 -0.150 -0.124 -0.099 -0.073 -0.048 -0.023 0.002 0.026 0.051 0.075 0.099 0.123 0.147 0.170 0.194 0.217 0.240 0.262
Generator Upgrade
Expensive
Electricity Production Cost 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating Costs
Operating Costs (Fix) mill. EUR
Fuel mill. EUR 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Costs (Variab.) mill. EUR 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Costs mill. EUR 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Electricity Production Cost
Electricity Production Cost mill. EUR 342.259 44.288 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Electricity Production MWh 7,207,459 922,667 972,000 972,000 972,000 972,000 972,000 972,000 972,000 972,000 972,000 972,000
Generator Upgrade
Cheap
Electricity Production Cost 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating Costs
Operating Costs (Fix) mill. EUR
Fuel mill. EUR 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Costs (Variab.) mill. EUR 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Operating Costs mill. EUR 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Electricity Production Cost
Electricity Production Cost mill. EUR 341.363 43.392 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080 46.080
Electricity Production MWh 7,137,422 904,000 964,000 964,000 964,000 964,000 964,000 964,000 964,000 964,000 964,000 964,000
Generator Upgrade
Delta
Electricity Production Cost 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Operating Costs
Operating Costs (Fix) mill. EUR
Fuel mill. EUR 0.896 0.896
Operating Costs (Variab.) mill. EUR 0.896 0.896
Operating Costs mill. EUR 0.896 0.896
Electricity Production Cost
Electricity Production Cost mill. EUR 0.896 0.896
Electricity Production MWh 70,037 18,667 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Generator Upgrade
Expensive
Electricity Production Cost mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02
Operating Costs
Operating Costs (Fix) mill. EUR
Fuel mill. EUR 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840
Operating Costs (Variab.) mill. EUR 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840
Operating Costs mill. EUR 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840
Electricity Production Cost
Electricity Production Cost mill. EUR 199.011 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 2.048 3.840 3.840
Electricity Production MWh 4,185,807 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 42,667 81,000 81,000
Generator Upgrade
Expensive
Electricity Production Cost 2009-03 2009-04 2009-05 2009-06 2009-07 2009-08 2009-09 2009-10 2009-11 2009-12 2010-01 2010-02 2010-03 2010-04 2010-05 2010-06 2010-07
Operating Costs
Operating Costs (Fix)
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Electricity Production Cost
Electricity Production Cost 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs
Operating Costs (Fix)
Fuel 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Operating Costs (Variab.) 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Operating Costs 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Electricity Production Cost
Electricity Production Cost 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Electricity Production 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000
Generator Upgrade
Expensive
Electricity Production Cost 2010-08 2010-09 2010-10 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12
Operating Costs
Operating Costs (Fix)
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Electricity Production Cost
Electricity Production Cost 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs
Operating Costs (Fix)
Fuel 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Operating Costs (Variab.) 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Operating Costs 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Electricity Production Cost
Electricity Production Cost 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Electricity Production 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000
Generator Upgrade
Expensive
Electricity Production Cost 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Operating Costs
Operating Costs (Fix)
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Electricity Production Cost
Electricity Production Cost 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs
Operating Costs (Fix)
Fuel 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Operating Costs (Variab.) 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Operating Costs 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Electricity Production Cost
Electricity Production Cost 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407 47.407
Electricity Production 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000 81,000
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Electricity Production Cost mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02
Operating Costs
Operating Costs (Fix) mill. EUR
Fuel mill. EUR 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840
Operating Costs (Variab.) mill. EUR 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840
Operating Costs mill. EUR 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840
Electricity Production Cost
Electricity Production Cost mill. EUR 198.115 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 1.152 3.840 3.840
Electricity Production MWh 4,140,639 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 24,000 80,333 80,333
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Electricity Production Cost 2009-03 2009-04 2009-05 2009-06 2009-07 2009-08 2009-09 2009-10 2009-11 2009-12 2010-01 2010-02 2010-03 2010-04 2010-05 2010-06 2010-07
Operating Costs
Operating Costs (Fix)
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Electricity Production Cost
Electricity Production Cost 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs
Operating Costs (Fix)
Fuel 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Operating Costs (Variab.) 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Operating Costs 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Electricity Production Cost
Electricity Production Cost 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Electricity Production 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333
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Electricity Production Cost 2010-08 2010-09 2010-10 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12
Operating Costs
Operating Costs (Fix)
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Electricity Production Cost
Electricity Production Cost 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs
Operating Costs (Fix)
Fuel 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Operating Costs (Variab.) 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Operating Costs 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Electricity Production Cost
Electricity Production Cost 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Electricity Production 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333
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Electricity Production Cost 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Operating Costs
Operating Costs (Fix)
Fuel 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs (Variab.) 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Electricity Production Cost
Electricity Production Cost 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840 3.840
Operating Costs
Operating Costs (Fix)
Fuel 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Operating Costs (Variab.) 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Operating Costs 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Electricity Production Cost
Electricity Production Cost 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801 47.801
Electricity Production 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333 80,333
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Delta
Electricity Production Cost mill. EUR 2008-01 2008-02 2008-03 2008-04 2008-05 2008-06 2008-07 2008-08 2008-09 2008-10 2008-11 2008-12 2009-01 2009-02
Operating Costs
Operating Costs (Fix) mill. EUR
Fuel mill. EUR 0.896 0.896
Operating Costs (Variab.) mill. EUR 0.896 0.896
Operating Costs mill. EUR 0.896 0.896
Electricity Production Cost
Electricity Production Cost mill. EUR 0.896 0.896
Operating Costs
Operating Costs (Fix)
Fuel
Operating Costs (Variab.)
Operating Costs
Electricity Production Cost
Electricity Production Cost
Operating Costs
Operating Costs (Fix)
Fuel
Operating Costs (Variab.)
Operating Costs
Electricity Production Cost
Electricity Production Cost
Electricity Production 667 667 667 667 667 667 667 667 667 667 667 667 667 667 667 667 667
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Delta
Electricity Production Cost 2010-08 2010-09 2010-10 2010-11 2010-12 2011-01 2011-02 2011-03 2011-04 2011-05 2011-06 2011-07 2011-08 2011-09 2011-10 2011-11 2011-12
Operating Costs
Operating Costs (Fix)
Fuel
Operating Costs (Variab.)
Operating Costs
Electricity Production Cost
Electricity Production Cost
Operating Costs
Operating Costs (Fix)
Fuel
Operating Costs (Variab.)
Operating Costs
Electricity Production Cost
Electricity Production Cost
Electricity Production 667 667 667 667 667 667 667 667 667 667 667 667 667 667 667 667 667
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Delta
Electricity Production Cost 2012-01 2012-02 2012-03 2012-04 2012-05 2012-06 2012-07 2012-08 2012-09 2012-10 2012-11 2012-12
Operating Costs
Operating Costs (Fix)
Fuel
Operating Costs (Variab.)
Operating Costs
Electricity Production Cost
Electricity Production Cost
Operating Costs
Operating Costs (Fix)
Fuel
Operating Costs (Variab.)
Operating Costs
Electricity Production Cost
Electricity Production Cost
Electricity Production 667 667 667 667 667 667 667 667 667 667 667 667
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Expensive
Sensitivity Analysis - El. Full Load oper. Hours
mill. EUR Net Present Value Internal Rate of Return
120.000 25.0%
100.000
20.0%
80.000 17.5%
64.832 15.0%
60.000
40.000 10.0%
20.000
5.0%
0.000
-20.000 0.0%
7400 7500 7600 7700 7800 7900 8000 8100 8200 7400 7500 7600 7700 7800 7900 8000 8100 8200
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
35.0000 34.69
20.00
30.0000
15.00 25.0000
20.0000
10.00 15.0000
9.2
10.0000
5.00
5.0000
0.00 0.0000
7400 7500 7600 7700 7800 7900 8000 8100 8200 7400 7500 7600 7700 7800 7900 8000 8100 8200
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
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Sensitivity Analysis
mill. EUR Net Present Value Internal Rate of Return
80.000 20.0%
70.000 18.0%
16.0% 16.3%
60.000
14.0%
50.000 51.899
12.0%
40.000 10.0%
30.000 8.0%
6.0%
20.000
4.0%
10.000 2.0%
0.000 0.0%
7600 7700 7800 7900 8000 8100 8200 8300 8400 7600 7700 7800 7900 8000 8100 8200 8300 8400
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
35.0000 34.99
20.00
30.0000
15.00 25.0000
20.0000
10.00 10.3
15.0000
10.0000
5.00
5.0000
0.00 0.0000
7600 7700 7800 7900 8000 8100 8200 8300 8400 7600 7700 7800 7900 8000 8100 8200 8300 8400
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
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Sensitivity Analysis - El. Full Load oper. Hours
mill. EUR Net Present Value Internal Rate of Return
120.000 100.0%
90.0%
100.000
80.0%
80.000 70.0%
60.0%
60.000
50.0%
40.000 40.0%
20.000 30.0%
20.0%
0.000
10.0%
-20.000 0.0%
7200 7400 7600 7800 8000 8200 8400 7200 7400 7600 7800 8000 8200 8400
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
Years Pay Off Time EUR/MWh Electricity Production Cost
25.00 40.0000
35.0000
20.00
30.0000
15.00 25.0000
20.0000
10.00 15.0000
10.0000
5.00
5.0000
0.00 0.0000
7200 7400 7600 7800 8000 8200 8400 7200 7400 7600 7800 8000 8200 8400
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
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Delta
Sensitivity Analysis
mill. EUR Net Present Value Internal Rate of Return
60.000 120.0%
50.000
100.0%
40.000
30.000
80.0%
20.000
10.000 12.933
60.0%
0.000
-10.000 40.0% 38.2%
-20.000
20.0%
-30.000
-40.000 0.0%
-255 -250 -245 -240 -235 -230 -255 -250 -245 -240 -235 -230
El. Full Load oper. Hours h/a El. Full Load oper. Hours h/a
150 0.3
0.25
100
0.2
50
0.15
0
0.1
-50 0.05
-100 0
90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0%
5 31
30
0 29
90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power El. Full Load oper. Hours El. net Efficiency Row 14 Row 15 Investment Volume Row 17 Row 18 Row 19
Row 20 Row 21 Row 22 Fuel Row 24 Row 25 Row 26 Row 27 Row 28
Row 29 Variable Rev. Electr. Row 31
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Multiple Sensitivity Analysis
mill. EUR Net Present Value Internal Rate of Return
200 0.3
150 0.25
100 0.2
50 0.15
0 0.1
-50 0.05
-100 0
90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0%
2 30
0 29
90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power El. Full Load oper. Hours El. net Efficiency Row 14 Row 15 Investment Volume Row 17 Row 18 Row 19
Row 20 Row 21 Row 22 Fuel Row 24 Row 25 Row 26 Row 27 Row 28
Row 29 Variable Rev. Electr. Row 31
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Delta
Multiple Sensitivity Analysis
mill. EUR Net Present Value Internal Rate of Return
25 0.6
0.5
20
0.4
15
0.3
10
0.2
5 0.1
0 0
90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0%
35
5
30
4
25
3 20
15
2
10
1
5
0 0
90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power El. Full Load oper. Hours El. net Efficiency Row 14 Row 15 Investment Volume Row 17 Row 18 Row 19
Row 20 Row 21 Row 22 Fuel Row 24 Row 25 Row 26 Row 27 Row 28
Row 29 Variable Rev. Electr. Row 31
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Cheap Net Present Value 14.514 mill. EUR Pay Off Time 0.0 Years
Titel Basis 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power MW 120.5 22.097 28.057 34.018 39.978 45.939 48.919 51.899 54.879 57.859 63.820 69.780 75.741 81.701 14.56 13.39 12.43 11.63 10.94 10.61 10.32 10.04 9.78 9.30 8.88 8.49 8.15
El. Full Load oper. Hours h/a 8000.0 23.179 28.923 34.667 40.411 46.155 49.027 51.899 54.771 57.643 63.387 69.131 74.875 80.619 14.28 13.20 12.31 11.55 10.90 10.60 10.32 10.05 9.81 9.35 8.95 8.59 8.26
El. net Efficiency % 45.19%
Investment Volume mill. EUR 1.0 67.801 64.621 61.440 58.260 55.079 53.489 51.899 50.309 48.719 45.538 42.358 39.177 35.997 8.63 8.93 9.25 9.59 9.94 10.13 10.32 10.51 10.72 11.13 11.57 12.04 12.54
Fuel EUR/GJ 6.0 116.306 103.424 90.543 77.662 64.780 58.340 51.899 45.458 39.018 26.136 13.255 -0.257 -14.632 5.98 6.55 7.23 8.05 9.05 9.65 10.32 11.08 11.94 14.10 17.54
Variable Rev. Electr. EUR/MWh 50.0 -50.676 -27.788 -5.958 14.226 33.062 42.481 51.899 61.317 70.735 89.572 108.409 127.245 146.082 17.33 12.75 11.41 10.32 9.41 8.65 7.45 6.54 5.83 5.25
Delta Net Present Value 1.506 mill. EUR Pay Off Time 3.0 Years
Titel Basis 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power MW 121.5 6.784 8.014 9.244 10.473 11.703 12.318 12.933 13.547 14.162 15.392 16.622 17.851 19.081 3.24 3.01 2.82 2.66 2.53 2.47 2.42 2.37 2.32 2.24 2.16 2.10 2.04
El. Full Load oper. Hours h/a 8000.0 5.310 6.834 8.359 9.883 11.408 12.170 12.933 13.695 14.457 15.982 17.506 19.031 20.556 4.78 4.08 3.53 3.09 2.73 2.57 2.42 2.28 2.16 1.94 1.84 1.75 1.67
El. net Efficiency % 45.56%
Investment Volume mill. EUR 2.1 15.739 15.178 14.616 14.055 13.494 13.213 12.933 12.652 12.371 11.810 11.249 10.688 10.126 1.79 1.86 1.93 2.08 2.25 2.33 2.42 2.51 2.60 2.79 2.99 3.20 3.42
Fuel EUR/GJ 6.0 11.762 11.996 12.231 12.465 12.699 12.816 12.933 13.050 13.167 13.401 13.635 14.049 14.497 2.78 2.71 2.63 2.56 2.49 2.45 2.42 2.38 2.35 2.29 2.22 2.15 2.09
Variable Rev. Electr. EUR/MWh 50.0 5.736 7.315 8.812 10.321 11.627 12.280 12.933 13.585 14.238 15.543 16.848 18.153 19.458 4.55 3.88 3.36 2.92 2.65 2.53 2.42 2.31 2.22 2.04 1.90 1.84 1.77
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Multiple Sensitivity Analysis
Expensive Internal Rate of Return 0.0% Electricity Production Cost 47.49 EUR/MWh
Titel Basis 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power MW 121.5 13.55% 14.38% 15.19% 15.99% 16.78% 17.16% 17.55% 17.93% 18.30% 19.05% 19.79% 20.51% 21.23% 35.870 35.615 35.371 35.135 34.909 34.798 34.690 34.584 34.480 34.277 34.082 33.893 33.710
El. Full Load oper. Hours h/a 8000.0 13.49% 14.33% 15.16% 15.97% 16.76% 17.16% 17.55% 17.93% 18.32% 19.08% 19.83% 20.57% 21.30% 35.882 35.623 35.375 35.137 34.909 34.799 34.690 34.584 34.480 34.278 34.083 33.896 33.715
El. net Efficiency % 45.56%
Investment Volume mill. EUR 2.1 20.34% 19.75% 19.17% 18.62% 18.08% 17.81% 17.55% 17.29% 17.03% 16.53% 16.04% 15.56% 15.09% 34.036 34.167 34.298 34.429 34.559 34.625 34.690 34.756 34.821 34.952 35.083 35.214 35.345
Fuel EUR/GJ 6.0 25.39% 23.77% 22.18% 20.61% 19.07% 18.30% 17.55% 16.79% 16.04% 14.56% 13.09% 11.58% 9.98% 32.337 32.808 33.279 33.749 34.220 34.455 34.690 34.926 35.161 35.632 36.102 36.573 37.044
Variable Rev. Electr. EUR/MWh 50.0 4.65% 7.57% 10.34% 12.89% 15.23% 16.39% 17.55% 18.70% 19.86% 22.18% 24.50% 26.84% 29.20% 34.690 34.690 34.690 34.690 34.690 34.690 34.690 34.690 34.690 34.690 34.690 34.690 34.690
Cheap Internal Rate of Return 0.0% Electricity Production Cost 47.83 EUR/MWh
Titel Basis 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power MW 120.5 12.81% 13.54% 14.24% 14.94% 15.63% 15.97% 16.30% 16.64% 16.97% 17.62% 18.27% 18.91% 19.54% 36.017 35.794 35.580 35.375 35.177 35.081 34.986 34.894 34.803 34.626 34.455 34.290 34.131
El. Full Load oper. Hours h/a 8000.0 12.97% 13.67% 14.35% 15.01% 15.66% 15.98% 16.30% 16.62% 16.93% 17.55% 18.15% 18.75% 19.34% 35.986 35.769 35.561 35.361 35.170 35.077 34.986 34.897 34.810 34.640 34.477 34.320 34.168
El. net Efficiency % 45.19%
Investment Volume mill. EUR 1.0 18.69% 18.19% 17.70% 17.22% 16.76% 16.53% 16.30% 16.08% 15.86% 15.42% 14.99% 14.57% 14.16% 34.392 34.511 34.630 34.749 34.868 34.927 34.986 35.046 35.105 35.224 35.343 35.462 35.581
Fuel EUR/GJ 6.0 24.70% 22.96% 21.24% 19.57% 17.92% 17.11% 16.30% 15.50% 14.71% 13.14% 11.58% 9.97% 8.28% 32.431 32.942 33.453 33.964 34.475 34.731 34.986 35.242 35.498 36.009 36.520 37.031 37.542
Variable Rev. Electr. EUR/MWh 50.0 3.70% 6.56% 9.27% 11.75% 14.03% 15.17% 16.30% 17.43% 18.56% 20.83% 23.11% 25.40% 27.72% 34.986 34.986 34.986 34.986 34.986 34.986 34.986 34.986 34.986 34.986 34.986 34.986 34.986
Delta Internal Rate of Return 44.4% Electricity Production Cost 12.79 EUR/MWh
Titel Basis 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0% 90.0% 92.0% 94.0% 96.0% 98.0% 99.0% 100.0% 101.0% 102.0% 104.0% 106.0% 108.0% 110.0%
Electrical Net Power MW 121.5 28.66% 30.82% 32.83% 34.72% 36.51% 37.38% 38.22% 39.05% 39.86% 41.44% 42.96% 44.43% 45.85% 33.723 32.994 32.292 31.616 30.964 30.646 30.335 30.028 29.727 29.141 28.574 28.026 27.495
El. Full Load oper. Hours h/a 8000.0 22.67% 25.90% 29.05% 32.14% 35.19% 36.71% 38.22% 39.73% 41.24% 44.24% 47.24% 50.23% 53.22% 34.357 33.483 32.645 31.843 31.073 30.700 30.335 29.976 29.625 28.942 28.285 27.653 27.043
El. net Efficiency % 45.56%
Investment Volume mill. EUR 2.1 48.27% 46.07% 43.97% 41.97% 40.06% 39.13% 38.22% 37.34% 36.47% 34.79% 33.17% 31.62% 30.13% 28.791 29.100 29.409 29.717 30.026 30.180 30.335 30.489 30.643 30.952 31.261 31.569 31.878
Fuel EUR/GJ 6.0 35.36% 35.93% 36.50% 37.07% 37.65% 37.94% 38.22% 38.51% 38.80% 39.38% 39.96% 41.00% 41.96% 30.964 30.838 30.712 30.587 30.461 30.398 30.335 30.272 30.209 30.083 29.957 29.831 29.705
Variable Rev. Electr. EUR/MWh 50.0 23.75% 27.06% 30.12% 33.23% 35.74% 36.99% 38.22% 39.46% 40.69% 43.13% 45.57% 48.00% 50.43% 30.335 30.335 30.335 30.335 30.335 30.335 30.335 30.335 30.335 30.335 30.335 30.335 30.335
Generator Upgrade
Expensive
Sensitivity Analysis - Fuel
mill. EUR Net Present Value X Y Internal Rate of Return X Y
EUR/GJ mill. EUR EUR/GJ %
12 12
10 10
0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12
Fuel EUR/GJ Fuel EUR/GJ
Years Pay Off Time X Y EUR/MWh Electricity Production Cost X Y
EUR/GJ Years EUR/GJ EUR/MWh
12 12
10 10
0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12
Fuel EUR/GJ Fuel EUR/GJ
Generator Upgrade
Cheap
Sensitivity Analysis - Fuel
mill. EUR Net Present Value X Y Internal Rate of Return X Y
EUR/GJ mill. EUR EUR/GJ %
12 12
10 10
0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12
Fuel EUR/GJ Fuel EUR/GJ
Years Pay Off Time X Y EUR/MWh Electricity Production Cost X Y
EUR/GJ Years EUR/GJ EUR/MWh
12 12
10 10
0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12
Fuel EUR/GJ Fuel EUR/GJ
Generator Upgrade
Sensitivity Analysis - Fuel
Expensive Cheap
mill. EUR Net Present Value Internal Rate of Return
12 12
10 10
8 8
6 6
4 4
2 2
0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12
Fuel EUR/GJ Fuel EUR/GJ
Years Pay Off Time EUR/MWh Electricity Production Cost
12 12
10 10
8 8
6 6
4 4
2 2
0 0
0 2 4 6 8 10 12 0 2 4 6 8 10 12
Fuel EUR/GJ Fuel EUR/GJ
Generator Upgrade
Delta
Sensitivity Analysis - Fuel
mill. EUR Net Present Value X (A) X (B) Y Internal Rate of Return X (A) X (B) Y
EUR/GJ EUR/GJ mill. EUR EUR/GJ EUR/GJ %
20.00 60.0%
18.00
50.0%
16.00
14.00
3.15 3.15 11.76 3.15 3.15 35.4%
3.33 3.33 12.35 40.0% 3.33 3.33 36.8%
12.00
3.47 3.47 12.82 3.47 3.47 37.9%
10.00 3.50 3.50 12.93 30.0% 3.50 3.50 38.2%
8.00 3.54 3.54 13.05 3.54 3.54 38.5%
3.68 3.68 13.52 20.0% 3.68 3.68 39.7%
6.00
3.85 3.85 14.50 3.85 3.85 42.0%
4.00 4.38 4.38 18.84 4.38 4.38 50.9%
10.0%
2.00
0.00 0.0%
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00
Fuel EUR/GJ Fuel EUR/GJ
Years Pay Off Time X (A) X (B) Y EUR/MWh Electricity Production Cost X (A) X (B) Y
EUR/GJ EUR/GJ Years EUR/GJ EUR/GJ EUR/MWh
3.00 35.00
30.00
2.50
0.00 0.00
0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00
Fuel EUR/GJ Fuel EUR/GJ
Evaluation Criteria
2.000
Investment [mi EUR]
1.871
1.500 1.510
1.148
1.000
0.788
0.500
0.437
0.066
0.000
-0.305
-0.500
15 20 25 30 35 40 45 50 55
Variable Rev. Electr.