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detailed cost estimate for 10 mega watts gas power station
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The EIA’s findings suggest that natural gas fired power plants are cheaper to build with overnight capital costs ranging from $676 to $2,095 per kilowatt (or kW), depending on the technology.
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Cost of Power 2010 vFinal University of Ljubljana
Likewise, the cost of a combined cycle power plant, at $950/kW to $1,175/kW is higher than in Table 2.1, while the cost of a new nuclear plant, at between $6,325/kW and $8,375/kW is significantly higher than that in Table 2.1.
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The cost of gas compressors for gas fuelled engines and the cost of liquid fuel systems (tanks, pumps, unloading station, civil works etc.) are approximately the same for units of the target power ranges, and therefore the same capital cost estimate can be used for both cases. A summary of the cost estimates is provided in Table 1.
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From Figure 1, it can be seen that the total investment cost for this power plant is about 35 M$, or 1750 $ per installed kW. It should be noted that the subsurface cost for the 20 MW power plant in Namafjall is estimated 13 M$ out of the total cost of 35 M$, or 37%.
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Power plant with gross output of circa 4.5 MWe will cost in the region of 12 13 Million depending on final design and spec and commodity costs at the time of order. So turn key installation could cost 15 17 Million pounds.
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So capital cost for the gas plant is off by a factor of two. Then there is the cost of fuel, so the cost of gas power is probably off by more like a factor of 3 or 4. And since nighttime demand is much less than day time demand, the estimated cost of storage is probably high by at least a factor of two.
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