Iranian Journal of Economic Research

An Economic Evaluation of Photovoltaic Power Plant, Diesel Power Plant, and Connection to the Power Grid for Electricity Utilization in the Central Rural Regions in Iran

Authors

Rahman Khoshakhlagh 1
Alimorad Sharifi 2
Maisam Kouchek Zadeh 3

1 Associate Professor, Department of Economics, Isfahan University, Isfahan- Iran

2 Assistant Professor, Department of Economics, Isfahan University, Isfahan- Iran

3 Graduate Student, Department of Economics, Isfahan University, Isfahan- Iran

Abstract
Solar energy is one of the main renewable energy sources in Iran and many regions (specially central desert) have considerable potential for solar energy utilization. The objective of this paper is an economic evaluation of solar (photovoltaic) power plant utilization compared with both diesel power plant and power grid connection in the central rural regions in Iran. The electricity costs have been computed by using Life Cycle Cost Analysis (LCCA). Results of different scenarios indicate that unit energy cost in photovoltaic system is 960 Rls/kWh which is less than unit energy cost in other electricity supply options.    

Keywords

Renewable Resources
Solar Energy
Photovoltaic Power Plant
Unit Energy Cost
Life Cycle Cost Analysis

  • Receive Date 11 May 2016
  • First Publish Date 11 May 2016

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