## Nigeria's Niger Delta Region (Islands Communities) Energy Cost Comparative Analysis

• DIESEL AND RENEWABLE ENERGY COST COMPARATIVE ANALYSIS.
Floating Solar & Micro wind turbine Our floating solar platforms and wind turbines shall cost a flat rate of \$9,500 per kilowatt power ( 1 kva ) of electricity for the whole 30 years duration.
Diesel Generators (50 kva and 100 kva ) as examples
General Index
* 1 year = 8,760 hours x 30 years = 262,800 hours
* Cost of Diesel = N320 / litre
* Cost of Generators
i) 50 kva = N3,000,000
ii) 100 kva = N6,500,000
* Cost of servicing generator in a month = N30,000 x 12 months x 30 yrs = N10,800,000
* Cost of replacing a generator every 3 years for 30 years = 10 times
i). 50 kva = N30,000,000
ii). 100 kva = N65,000,000
• CALCULATIONS
• 1. 50KVA GENERATOR ( IF IT WORKS FOR 12 HOURS / DAY FOR 30 YEARS @8.6 litres/hr )
Diesel consumption for 30yrs :
262,800 hrs ÷2 =131,400 hrs x 8.6 litres/hour = 1,130,040 litres
1,130,040 litres x N320 (diesel )
Sub total = N361,612,800
+ Cost of Generator servicing =N10,800,000
+ Cost of the generator procurement =N3,000,000
+ Replacement cost = N30,000,000
Grand total =N405,412,800 (N405.5M) @360 /\$ =\$1,126,117 ( \$ 1.13M)
√Renewable energy for 50kva 30yrs =\$9,500 x 50 = \$475,000

2. 50KVA GENERATOR ( IF IT WORKS FOR 24 HOURS / DAY FOR 30 YEARS @10.7 litres/hr )
Diesel consumption for 30yrs :
262,800 hrs x 10.7 litres/hour = 2,811,960 litres
2,811,960 litres x N320 (diesel )
Sub total = N899,827,200
+ Cost of Generator servicing =N10,800,000
+ Cost of the generator procurement =N3,000,000
+ Replacement cost = N30,000,000
Grand total =N943,627,200 (N944M) @360 /\$ =\$2,621,187 ( \$ 2.63M)
√Renewable energy for 50kva 30yrs =\$ 9,500 x 50 = \$ 475,000

3. 100KVA GENERATOR ( IF IT WORKS FOR 12 HOURS / DAY FOR 30 YEARS @ 16.1 litres/hr )
Diesel consumption for 30yrs :
262,800 hrs ÷2 =131,400 hrs x 16.1 litres/hour = 2,115,540 litres
2,115,540 litres x N320 (diesel )
Sub total = N676,972,800
+ Cost of Generator servicing =N10,800,000
+ Cost of the generator procurement =N6,500,000
+ Replacement cost = N65,000,000
Grand total =N755,772,800 (N756M) @360 /\$ =\$2,099,368 ( \$ 2.1M)
√Renewable energy for 100kva 30yrs =\$ 9,500 x 100 = \$950,000

4. 100KVA GENERATOR ( IF IT WORKS FOR 24 HOURS / DAY FOR 30 YEARS @ 21.4 lite/hr )
Diesel consumption for 30yrs :
262,800 hrs x 21.4 litres/hour = 2,115,540 litres
5,623,920 litres x N320 (diesel )
Sub total = N1,799,654,400
+ Cost of Generator servicing =N10,800,000
+ Cost of the generator procurement =N6,500,000
+ Replacement cost = N65,000,000
Grand total =N1,878,454,400 (N1.88 Billion) @360 /\$ =\$5,217,928 ( \$5.22M)
√Renewable energy for 100kva 30yrs =\$ 9,500 x 100 = \$950,000

With the above comparative cost analysis , it's obvious that renewable energy which is sustainable and environment friendly in the long term cost less than 25% of its diesel counterpart whose fumes is harmful to both humans and the environment.