Techno-Economic Feasibility Analysis of 100 MW Solar Photovoltaic Power Plant in Pakistan

In this era of adaptation of renewable energy resources at huge level, Pakistan still depends upon the fossil fuels to generate electricity which are harmful for the environment and depleting day by day. This article presents feasibility analysis of 100 MWp solar photovoltaic (PV) power plant in Pakistan. The purpose of this study is to present the techno-economic feasibility of the 100 MWp grid connected solar (PV) power plant. The calculations have been done using mathematical model PV*SOL computer software algorithms and results have been presented. This paper briefly describes the process flow, timelines, and steps involved in initiating the project through an issuance of letter of interest (LOI) application up till the commissioning of the plant. A summary of financial feasibility to set a 100 MWp solar PV project including revenue, operations & maintenance, interest payment on project loan, net profit and payback is presented. The economic analyses are performed for a period of 25 years and the results of simulation show that the proposed plant can supply 180,000 GWh/year (Gega watt hour per year) of electricity by reducing 90,225 tons/year of CO2 emission. Provided that land is supplied by the government, payback period was calculated as 3.125 years. As this research is a complete techno-economic analysis of 100MWp solar power plant, it attracts sponsor, company or government itself for installing a new plant that may be a good business plan.