Electric Power Generation from Solar Photovoltaic Technology: Is It Marketable in Pakistan?
Solar photovoltaic systems are prohibitively expensive in terms of installation costs. Power from them is also available intermittently—only when energy from the sun is available. On the other hand, PV systems are free of the ever-rising costs of input fuel. They also incur much less operation and maintenance costs and are supposed to have a longer lifetime than, for example, a fossil fuel power plant. Thus using solar-PV power looks uneconomical in the short term, but may be profitable in the long term. It is, therefore, interesting to identify the factors that can make investment in solar PV power generation acceptable. This paper carries out a financial analysis of installing a 10 MW solar photovoltaic power generation plant for sale of electricity to a grid. It compares the levelised cost of this mode of energy generation as compared to a fossil fuel plant. It also calculates the cost of electricity generation and tariff for power from this plant. It then identifies the factors that can make the investment in a grid-scale solar PV plant more favourable than investment in other conventional and non-renewable sources.
Volume (Year): 43 (2004)
Issue (Month): 3 ()
|Contact details of provider:|| Postal: P.O.Box 1091, Islamabad-44000|
Web page: http://www.pide.org.pk
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:pid:journl:v:43:y:2004:i:3:p:267-294. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Khurram Iqbal)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.