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Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com
ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04
www.ijera.com 1|P a g e
Evaluation of Energy Contribution for Additional Installed
Turbine Flow in Hydro Power Plant
Goce Bozinovski*, Atanas Iliev**
*(Department of Production Electrical Energy, AD ELEM – Skopje, HES "Crn Drim" – Struga, Macedonia)
** (Department of Power Plants & Power Systems, Faculty of Electrical Engineering and IT, Ss. Cyril and
Methodius University in Skopje, Macedonia)
ABSTRACT
The paper presents the methodology for analysis of energy value of existing hydro power plant (HPP) comparing
with the same HPP upgraded with additional power. The additional power can be added with installed turbine
flows of existing unit(s) or with installing the new additional unit(s). The paper treated the energy evaluation of
the storage HPP Spilje which is under installed HPP comparing the technical parameters, water reservoir, turbine
discharge and water inflow. The analyses have been made based on the statistical analysis of the input
parameters of hydrology through a series of hydrological inflow data for a long period of years with monthly
distribution. The hydrological data (from 1970 until 2014) which covers extremely wet and extremely dry
hydrological periods, which is important in order to get statistics of expected values with appropriate
probabilities of occurrence – data from monthly inflow values [1]. The results from analysis can be applied in
determining the expected hydro production, or appropriate expected revenue of the electricity generated from the
HPP. The additional turbine flow in existing units or installing the new unit(s) can benefit with increased income
coming as the result of avoiding spilling water and generating additional peak energy instead of base one.
Keywords - Hydro power plant (HPP), energy, installed power, turbine discharge, water reservoir
I. INTRODUCTION
Hydroelectric power plants (HPP) are high
investment projects that require serious and
comprehensive analysis in terms of energy benefits
and financial effects of the project. The results from
HPP Spilje are presented with energy and financial
benefits from additional increased turbine flow
comparing with investment costs for the new unit.
The analytical approach of analyzing the
possibility for additional installed turbine flow in
existing hydro power plant is based on experience
from operation life. First approach is to have
indicators for additional installed power and
discharge, and then [2] follows the energy analytical
approach and economical analysis of the investment.
As study case for analyzing of additional
installed turbine flow in a new unit is the hydro
power plant (HPP) Spilje, which is part of the hydro
system (HS) of Crn Drim.
Figure 1 shows the layout of the existing power
system of Crn Drim with existing HPP Spilje (with 3
units) and additional same size unit.
Fig.1. Layout of the HPP Spilje with new unit in a
existing power house
Increasing the installed power of HPP Spilje [3],
with construction of additional unit in the same
power house will get more benefits, such as:
 Additional generated electricity from HPP Spilje.
 Higher operating power level of the HPP in the
periods of high tariff as peak power plants in
liberalized electricity market, which means
higher income for the power plant and for the
company as the operator of the HS Crn Drim.
 Avoiding or reducing overflows (spilling water)
during periods of high inflows, and
 Ability to optimize the operating modes of the
whole hydro power system of river Crn Drim.
Radika river
River
Crn Drim
New unit
1x28 MW
Reservoir Spilje
V=210Mm3
From up stream HPP Globocica
2x21 = 42 MW
HPP Spilje
3x28 = 84 MW
RESEARCH ARTICLE OPEN ACCESS
Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com
ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04
www.ijera.com 2|P a g e
II. TECHNICAL PARAMETERS OF HES
CRN DRIM
The hydro energy system of Crn Drim consists
of two cascade hydro power plants HPP Globocica
and HPP Spilje and three water reservoirs Ohrid lake,
Globocica Lake and Debar Lake, which operate over
50 years. The paper is focuses on hydrology data for
HPP Spilje, which is on Debar Lake with 210 million
m3. The installed turbine flow for each of the 3 units
is 36 m3/s, or the total turbine discharge is 3x36 m3/s
= 108 m3/s. The average gross head is 90 m, and the
installed power of the generators are 3 x 28 MW = 84
MW [4].
Based on the hydrological data of the water
inflow for the last 45 years in the Debar Lake which
is the reservoir for HPP Spilje (Fig.2.), the average
annual value is 47,48 m3/s.
Fig. 2. Average yearly water inflow for the period
1970-2014
The basic idea comes from comparing the ratio
between total turbine discharge and water inflow
which is input data from hydrology and technical
parameters of the HPP. This factor (KQ) for HPP
Spilje is:
27,2
48,47
108
 averager
year
flowturbine
Q
Q
Q
K
(1)
For storage HPP with reservoir, this coefficient
should be in the level from 3 to 6, which depend on
the volume of the reservoir. Hydrology and
especially water inflows of the basin are the most
important parameters in energy analyses, as well as
technical parameters of HPP units. This affects of the
expected production of electricity and on the benefits
from electricity generated from the HPP. The other
important parameter is the factor of reservoir
capability (KV), which is the ratio between yearly
water flow and storage capacity. For HPP Spilje it is:
13,7
10210
8760360048.47
6




reservoir
year
V
V
V
K

This parameter shows that, approximately more
than 7 times in a year the reservoir is fully loaded and
unloaded throw turbine units discharge in a year. All
these analyses are made on the data for monthly
water inflow for the period of 1970-2014 with
computer simulations for the whole operation period.
The energy contribution of the HPP Spilje is in
electric power system [5], according energy market
roles [6].
A. Energy value of the hydro power plant
Analysis of the electricity production for HPP
Spilje are performed based on the water inflow in the
reservoir taking into account the assumption of the
tariffs in the liberalized electricity market shown in
Tab.1. and Fig.3.
Table 1. Tariff intervals and the electricity prices
during 24 hours
Base Medium Peak
Duration (h) 7 10 7
Price – C (Euro/MWh) 40 60 80
Fig. 3. Tariff prices for electricity in a period of 24
hours
The energy corresponding to the water inflow
can be divided into 2 parts: the electricity production
which is delivered in the grid and the lost of energy
due to overflow as spilling energy, is:
spillingproductiontotal WWW  
The electricity production (Wproduction) can be
separated according tariff model in 3 parts: base
energy (Wbase), medium variable energy part
(Wmedium) and peak energy (Wpeak), as the following:
peakmediumbaseproduction WWWW  (4)
The loss of electricity due to spillway
(Wspilling) is calculating with the price of 60
Euro/MWh. Tab.2 shows the annual electricity
production (GWh) according to the tariff model, as
well as the energy lost as spilling one.
Table 2. Electricity production and lost spilling
energy in a year
Wbase Wmedium Wpeak Wproduct. Wspilling Wtotal
16,30 89,61 173,21 279,12 8,11 287,23
The result of the simulation for electricity
production and the lost spilling energy for the period
1970-2014 is shown on Fig.4.
0
20
40
60
80
100
120
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Qin (m3/s)
0
10
20
30
40
50
60
70
80
90
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
EURO/MWH
Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com
ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04
www.ijera.com 3|P a g e
Fig.4. Electricity and lost spilling energy for
period 1970-2014
B. Income from generation electricity
The main income is from electricity production
(INCOME) which is calculated according tariff
model.
peakpeakmesiummediumbasebaseprod
peakmediumbaseprod
CWCWCWINCOME
PPPINCOME

 (5)
The loss income from spilling energy (LOSS) is
calculated according the price of 60 Euro/MWh.
spillingspillingspillingspilling CWPLOSS  (6)
Table 3 shows the results of calculated income and
lost income per year, for the existing HPP Spilje (3
units with 108 m3
/s).
Table 3. Income and the lost from spilling in M€
(3 units)
Pbase Pmedium Ppeak Income Lost Total
0,65 5,38 13,86 19,89 0,49 20,37
Fig. 1. Income in a year according tariff model for
1970-2014
Figure 5 gives the graphical overview for the
income parts (from base, medium and peak energy)
as a total income per year for the period 1970-2014.
III. EVALUATION OF ADDITIONAL
INSTALLED POWER IN HPP
According to the technical performance of
existing HPP Spilje and the set of hydrological data,
the simulation is made for the expected production
with installing additional unit in the same power
house. The new unit is the same as the existing ones,
with installed turbine flow of 36 m3/s and installed
power of 28 MW (Fig.1.). The energy benefit and the
corresponding financial impact of new additional unit
in HPP Spilje can be calculated in two cases:
 Utilization of lost spilling energy into income
 Higher electricity production in periods of high
tariff instead of low tariff rates
Table 4 shows the results of calculated income
and lost income in a year according (5) and (6) for
the existing HPP Spilje with additional unit (4 units
with 144 m3/s).
Figure captions appear below the figure, are
flush left, and are in lower case letters. When
referring to a figure in the body of the text, the
abbreviation "Fig." is used. Figures should be
numbered in the order they appear in the text.
Table 4. Income and the lost from spilling in M€
(4 units)
Pbase Pmedium Ppeak Income Lost Total
0,34 4,31 17.22 21,87 0,12 21,99
The financial benefit from additional installed
unit in a hydro power plant can be calculated as the
difference income according following relation:
spillingpeakmediumbaseprod PPPPINCOME  (7)
Table 5. Comparing the electricity production (in
GWh) for both cases (existing HPP with 3 units
and the same one with additional unit – 4 units)
Wbase Wmedium Wpeak Wprod Wspill Wtotal
4 units 8.38 71.90 215.24 295.51 1.97 297.48
3 units 16.30 89.61 173.21 279.12 8.11 287.23
dW -7.92
-
17.71
42.03 16.39 -6.14 10.26
Table 6. Comparision of the income for both cases
(existing HPP with 3 units and the same one with
additional unit – 4 units)
P(M€) Pbase Pmedium Ppeak Pprod Pspilling Ptotal
4 units 0,34 4,31 17,22 21,87 0,12 21,75
3 units 0,65 5,38 13,86 19,89 0,49 19,40
dP
-
0,32
-1,06 3,36 1,98
-
0,37
2,35
The expected average annual additional financial
benefit from additional installed unit in HPP Spilje is
2,35 million, of which 1,98 M€ as additional revenue
generated from the higher peak power instead of the
base one, and 0,37 M€ is income from the spilling
energy.
A. Financial analysis for new unit
The investment to build a new unit in HPP Spilje
depends on the technical design and construction
works. For the case of new unit in the same power
house, the main investment are for electrical and
0
100
200
300
400
500
600
700
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
Wyear (GWh) Spilling
Peak
Medium
Base
0
5
10
15
20
25
30
35
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
INCOME (MEuro Peak
Medium
Base
Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com
ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04
www.ijera.com 4|P a g e
mechanical equipments, because the same existing
dam and reservoir. The investment costs [3] for an
additional unit in HPP Spilje with installed power of
28 MW same size as the existing ones, is estimated
on 25 M€.
For the financial analyses the total amount of
investment of the project is taken three values, the
highest of 30 M€, an average of 25 M€ and the
lowest 20 M€. The benefit is based on difference
from electricity production of the HPP Spilje with
additional unit and the existing HPP Spilje, which is
around 2,35 M€ in a year.
The input economic parameters are: discount rate
of 6%, the construction period of three years, interest
rate for the loan of 4% and the repayment period of
the loan is 15 years. The basic economic indicators
NPV (Net Present Value), B/C (Benefit/Cost) ratio
and PBP (Pay Back Period), are calculated for the 30
years of economic life of the project. The results are
shown in Tab.7 for three different cases of
investments.
Table 7. Economic indicators NPV, B/C, and PBP
for three cases of different investment costs
Investme
nt (M€)
Electricity(€/M
Wh) Base_
Medium _Peak
NP
V
B/
C
PB
P
20 40 _ 60 _ 80
11.4
5
1.7
1
10
25 40 _ 60 _ 80 7.75
1.3
8
15
30 40 _ 60 _ 80 3.64
1.1
5
22
All variants show positive financial benefits of
building new unit in HPP Spilje. The price of
electricity can be change through the operation period
which depends on electricity market, but there is still
possibility to have positive benefit even with low
prices.
IV. CONCLUSION
The new operating environment for the hydro
power plants in liberated electricity market can
encourage the Investors to take some investments in
order to improve operation condition of the existing
units. Besides the routine O&M of the plants, the
additional step for increasing the installed turbine
flow in new units or in existing ones can increased
the power output, as well to improve the efficiency of
the HPP. On the other hand, the energy analysis are
very significant for improving the technical
performances of the HPP in increasing the installed
turbine flow in existing units, or to install additional
unit(s) in the power plant.
Therefore, the contribution of the input data for
water inflow, as well as the historical operation data
of the hydro power plant is very important as the
main indicators, to have precisely values of expected
income from generation electricity of additional
inflow. Economic parameters as investment costs
depend on the technical solution, time of
construction, the discount rate and the rate of loans,
prices of generated energy and power engaged, and
the operation costs. After appropriate processing of
the necessary input parameters, follows the financial
calculations of economic indicators, which give a
certain image for the feasibility of the project.
REFERENCES
[1] Carmen L,T, Borges, Roberto J, Pinto:
Small Hydro Power Plants Energy
Availability Modeling for Generation
Reliability Evaluation, IEEE, Vol 23, No,3
August 2008.
[2] A.Iliev, V. Fustik, Hydro Project Benefit
Calculation in a Fuzzy Sense, Proccedings
of Second Balkan Power Conference,
Beograd, 19-22 June 2002, pp.247-252.
[3] Hydropower Project HPP Špilje II,
Feasibility Study Report Draft version,
Fichtner & Geing, ELEM, 2015 "in press".
[4] Technical documentation of hydro energy
system of Crn Drim, Studies and projects
from ELEM "unpublished".
[5] Watchorn, C.W., Inside Hydrothermal
Coordination, IEEE Xplorer, Digital
library., Jan. 1967, pp.106-117.
[6] Olsson. M., Söder. L., Hydropower Planning
including Trade-off between Energy and
Reserve Markets, Proceedings of IEEE
Bologna PowerTech, Bologna Italy, Volume
1, June 23-26th
, 2003.

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Evaluation of Energy Contribution for Additional Installed Turbine Flow in Hydro Power Plant

  • 1. Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04 www.ijera.com 1|P a g e Evaluation of Energy Contribution for Additional Installed Turbine Flow in Hydro Power Plant Goce Bozinovski*, Atanas Iliev** *(Department of Production Electrical Energy, AD ELEM – Skopje, HES "Crn Drim" – Struga, Macedonia) ** (Department of Power Plants & Power Systems, Faculty of Electrical Engineering and IT, Ss. Cyril and Methodius University in Skopje, Macedonia) ABSTRACT The paper presents the methodology for analysis of energy value of existing hydro power plant (HPP) comparing with the same HPP upgraded with additional power. The additional power can be added with installed turbine flows of existing unit(s) or with installing the new additional unit(s). The paper treated the energy evaluation of the storage HPP Spilje which is under installed HPP comparing the technical parameters, water reservoir, turbine discharge and water inflow. The analyses have been made based on the statistical analysis of the input parameters of hydrology through a series of hydrological inflow data for a long period of years with monthly distribution. The hydrological data (from 1970 until 2014) which covers extremely wet and extremely dry hydrological periods, which is important in order to get statistics of expected values with appropriate probabilities of occurrence – data from monthly inflow values [1]. The results from analysis can be applied in determining the expected hydro production, or appropriate expected revenue of the electricity generated from the HPP. The additional turbine flow in existing units or installing the new unit(s) can benefit with increased income coming as the result of avoiding spilling water and generating additional peak energy instead of base one. Keywords - Hydro power plant (HPP), energy, installed power, turbine discharge, water reservoir I. INTRODUCTION Hydroelectric power plants (HPP) are high investment projects that require serious and comprehensive analysis in terms of energy benefits and financial effects of the project. The results from HPP Spilje are presented with energy and financial benefits from additional increased turbine flow comparing with investment costs for the new unit. The analytical approach of analyzing the possibility for additional installed turbine flow in existing hydro power plant is based on experience from operation life. First approach is to have indicators for additional installed power and discharge, and then [2] follows the energy analytical approach and economical analysis of the investment. As study case for analyzing of additional installed turbine flow in a new unit is the hydro power plant (HPP) Spilje, which is part of the hydro system (HS) of Crn Drim. Figure 1 shows the layout of the existing power system of Crn Drim with existing HPP Spilje (with 3 units) and additional same size unit. Fig.1. Layout of the HPP Spilje with new unit in a existing power house Increasing the installed power of HPP Spilje [3], with construction of additional unit in the same power house will get more benefits, such as:  Additional generated electricity from HPP Spilje.  Higher operating power level of the HPP in the periods of high tariff as peak power plants in liberalized electricity market, which means higher income for the power plant and for the company as the operator of the HS Crn Drim.  Avoiding or reducing overflows (spilling water) during periods of high inflows, and  Ability to optimize the operating modes of the whole hydro power system of river Crn Drim. Radika river River Crn Drim New unit 1x28 MW Reservoir Spilje V=210Mm3 From up stream HPP Globocica 2x21 = 42 MW HPP Spilje 3x28 = 84 MW RESEARCH ARTICLE OPEN ACCESS
  • 2. Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04 www.ijera.com 2|P a g e II. TECHNICAL PARAMETERS OF HES CRN DRIM The hydro energy system of Crn Drim consists of two cascade hydro power plants HPP Globocica and HPP Spilje and three water reservoirs Ohrid lake, Globocica Lake and Debar Lake, which operate over 50 years. The paper is focuses on hydrology data for HPP Spilje, which is on Debar Lake with 210 million m3. The installed turbine flow for each of the 3 units is 36 m3/s, or the total turbine discharge is 3x36 m3/s = 108 m3/s. The average gross head is 90 m, and the installed power of the generators are 3 x 28 MW = 84 MW [4]. Based on the hydrological data of the water inflow for the last 45 years in the Debar Lake which is the reservoir for HPP Spilje (Fig.2.), the average annual value is 47,48 m3/s. Fig. 2. Average yearly water inflow for the period 1970-2014 The basic idea comes from comparing the ratio between total turbine discharge and water inflow which is input data from hydrology and technical parameters of the HPP. This factor (KQ) for HPP Spilje is: 27,2 48,47 108  averager year flowturbine Q Q Q K (1) For storage HPP with reservoir, this coefficient should be in the level from 3 to 6, which depend on the volume of the reservoir. Hydrology and especially water inflows of the basin are the most important parameters in energy analyses, as well as technical parameters of HPP units. This affects of the expected production of electricity and on the benefits from electricity generated from the HPP. The other important parameter is the factor of reservoir capability (KV), which is the ratio between yearly water flow and storage capacity. For HPP Spilje it is: 13,7 10210 8760360048.47 6     reservoir year V V V K  This parameter shows that, approximately more than 7 times in a year the reservoir is fully loaded and unloaded throw turbine units discharge in a year. All these analyses are made on the data for monthly water inflow for the period of 1970-2014 with computer simulations for the whole operation period. The energy contribution of the HPP Spilje is in electric power system [5], according energy market roles [6]. A. Energy value of the hydro power plant Analysis of the electricity production for HPP Spilje are performed based on the water inflow in the reservoir taking into account the assumption of the tariffs in the liberalized electricity market shown in Tab.1. and Fig.3. Table 1. Tariff intervals and the electricity prices during 24 hours Base Medium Peak Duration (h) 7 10 7 Price – C (Euro/MWh) 40 60 80 Fig. 3. Tariff prices for electricity in a period of 24 hours The energy corresponding to the water inflow can be divided into 2 parts: the electricity production which is delivered in the grid and the lost of energy due to overflow as spilling energy, is: spillingproductiontotal WWW   The electricity production (Wproduction) can be separated according tariff model in 3 parts: base energy (Wbase), medium variable energy part (Wmedium) and peak energy (Wpeak), as the following: peakmediumbaseproduction WWWW  (4) The loss of electricity due to spillway (Wspilling) is calculating with the price of 60 Euro/MWh. Tab.2 shows the annual electricity production (GWh) according to the tariff model, as well as the energy lost as spilling one. Table 2. Electricity production and lost spilling energy in a year Wbase Wmedium Wpeak Wproduct. Wspilling Wtotal 16,30 89,61 173,21 279,12 8,11 287,23 The result of the simulation for electricity production and the lost spilling energy for the period 1970-2014 is shown on Fig.4. 0 20 40 60 80 100 120 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Qin (m3/s) 0 10 20 30 40 50 60 70 80 90 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 EURO/MWH
  • 3. Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04 www.ijera.com 3|P a g e Fig.4. Electricity and lost spilling energy for period 1970-2014 B. Income from generation electricity The main income is from electricity production (INCOME) which is calculated according tariff model. peakpeakmesiummediumbasebaseprod peakmediumbaseprod CWCWCWINCOME PPPINCOME   (5) The loss income from spilling energy (LOSS) is calculated according the price of 60 Euro/MWh. spillingspillingspillingspilling CWPLOSS  (6) Table 3 shows the results of calculated income and lost income per year, for the existing HPP Spilje (3 units with 108 m3 /s). Table 3. Income and the lost from spilling in M€ (3 units) Pbase Pmedium Ppeak Income Lost Total 0,65 5,38 13,86 19,89 0,49 20,37 Fig. 1. Income in a year according tariff model for 1970-2014 Figure 5 gives the graphical overview for the income parts (from base, medium and peak energy) as a total income per year for the period 1970-2014. III. EVALUATION OF ADDITIONAL INSTALLED POWER IN HPP According to the technical performance of existing HPP Spilje and the set of hydrological data, the simulation is made for the expected production with installing additional unit in the same power house. The new unit is the same as the existing ones, with installed turbine flow of 36 m3/s and installed power of 28 MW (Fig.1.). The energy benefit and the corresponding financial impact of new additional unit in HPP Spilje can be calculated in two cases:  Utilization of lost spilling energy into income  Higher electricity production in periods of high tariff instead of low tariff rates Table 4 shows the results of calculated income and lost income in a year according (5) and (6) for the existing HPP Spilje with additional unit (4 units with 144 m3/s). Figure captions appear below the figure, are flush left, and are in lower case letters. When referring to a figure in the body of the text, the abbreviation "Fig." is used. Figures should be numbered in the order they appear in the text. Table 4. Income and the lost from spilling in M€ (4 units) Pbase Pmedium Ppeak Income Lost Total 0,34 4,31 17.22 21,87 0,12 21,99 The financial benefit from additional installed unit in a hydro power plant can be calculated as the difference income according following relation: spillingpeakmediumbaseprod PPPPINCOME  (7) Table 5. Comparing the electricity production (in GWh) for both cases (existing HPP with 3 units and the same one with additional unit – 4 units) Wbase Wmedium Wpeak Wprod Wspill Wtotal 4 units 8.38 71.90 215.24 295.51 1.97 297.48 3 units 16.30 89.61 173.21 279.12 8.11 287.23 dW -7.92 - 17.71 42.03 16.39 -6.14 10.26 Table 6. Comparision of the income for both cases (existing HPP with 3 units and the same one with additional unit – 4 units) P(M€) Pbase Pmedium Ppeak Pprod Pspilling Ptotal 4 units 0,34 4,31 17,22 21,87 0,12 21,75 3 units 0,65 5,38 13,86 19,89 0,49 19,40 dP - 0,32 -1,06 3,36 1,98 - 0,37 2,35 The expected average annual additional financial benefit from additional installed unit in HPP Spilje is 2,35 million, of which 1,98 M€ as additional revenue generated from the higher peak power instead of the base one, and 0,37 M€ is income from the spilling energy. A. Financial analysis for new unit The investment to build a new unit in HPP Spilje depends on the technical design and construction works. For the case of new unit in the same power house, the main investment are for electrical and 0 100 200 300 400 500 600 700 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 Wyear (GWh) Spilling Peak Medium Base 0 5 10 15 20 25 30 35 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 INCOME (MEuro Peak Medium Base
  • 4. Goce Bozinovski Int. Journal of Engineering Research and Applications www.ijera.com ISSN: 2248-9622, Vol. 6, Issue 1, (Part - 6) January 2016, pp.01-04 www.ijera.com 4|P a g e mechanical equipments, because the same existing dam and reservoir. The investment costs [3] for an additional unit in HPP Spilje with installed power of 28 MW same size as the existing ones, is estimated on 25 M€. For the financial analyses the total amount of investment of the project is taken three values, the highest of 30 M€, an average of 25 M€ and the lowest 20 M€. The benefit is based on difference from electricity production of the HPP Spilje with additional unit and the existing HPP Spilje, which is around 2,35 M€ in a year. The input economic parameters are: discount rate of 6%, the construction period of three years, interest rate for the loan of 4% and the repayment period of the loan is 15 years. The basic economic indicators NPV (Net Present Value), B/C (Benefit/Cost) ratio and PBP (Pay Back Period), are calculated for the 30 years of economic life of the project. The results are shown in Tab.7 for three different cases of investments. Table 7. Economic indicators NPV, B/C, and PBP for three cases of different investment costs Investme nt (M€) Electricity(€/M Wh) Base_ Medium _Peak NP V B/ C PB P 20 40 _ 60 _ 80 11.4 5 1.7 1 10 25 40 _ 60 _ 80 7.75 1.3 8 15 30 40 _ 60 _ 80 3.64 1.1 5 22 All variants show positive financial benefits of building new unit in HPP Spilje. The price of electricity can be change through the operation period which depends on electricity market, but there is still possibility to have positive benefit even with low prices. IV. CONCLUSION The new operating environment for the hydro power plants in liberated electricity market can encourage the Investors to take some investments in order to improve operation condition of the existing units. Besides the routine O&M of the plants, the additional step for increasing the installed turbine flow in new units or in existing ones can increased the power output, as well to improve the efficiency of the HPP. On the other hand, the energy analysis are very significant for improving the technical performances of the HPP in increasing the installed turbine flow in existing units, or to install additional unit(s) in the power plant. Therefore, the contribution of the input data for water inflow, as well as the historical operation data of the hydro power plant is very important as the main indicators, to have precisely values of expected income from generation electricity of additional inflow. Economic parameters as investment costs depend on the technical solution, time of construction, the discount rate and the rate of loans, prices of generated energy and power engaged, and the operation costs. After appropriate processing of the necessary input parameters, follows the financial calculations of economic indicators, which give a certain image for the feasibility of the project. REFERENCES [1] Carmen L,T, Borges, Roberto J, Pinto: Small Hydro Power Plants Energy Availability Modeling for Generation Reliability Evaluation, IEEE, Vol 23, No,3 August 2008. [2] A.Iliev, V. Fustik, Hydro Project Benefit Calculation in a Fuzzy Sense, Proccedings of Second Balkan Power Conference, Beograd, 19-22 June 2002, pp.247-252. [3] Hydropower Project HPP Špilje II, Feasibility Study Report Draft version, Fichtner & Geing, ELEM, 2015 "in press". [4] Technical documentation of hydro energy system of Crn Drim, Studies and projects from ELEM "unpublished". [5] Watchorn, C.W., Inside Hydrothermal Coordination, IEEE Xplorer, Digital library., Jan. 1967, pp.106-117. [6] Olsson. M., Söder. L., Hydropower Planning including Trade-off between Energy and Reserve Markets, Proceedings of IEEE Bologna PowerTech, Bologna Italy, Volume 1, June 23-26th , 2003.