Funding PNG's Electrification: Vanimo Case Study
$4.0
We developed a best case scenario as a wholesale supplier to
local grid with hydro providing the best levelized cost of energy
Comparison of returns on renewable generation options
Hydroelectricity
12.0% internal rate of return
LCOE (USD/KW) (L 0.05) 0.07 (H 0.10)
Biomass
9.7% internal rate of return
LCOE (USD/kW) (L 0.08) 0.08 (H 0.15)
INDICATIVE
Solar with Battery Storage
<0% internal rate of return
LCOE (USD/KW) (L 0.20+) 0.20
$2.0
$.0
-$2.0
Annual cumulative cashflow (millions) (USD)
-$4.0
-$6.0
-$8.0
Year 1
Year 2
Year 3
Source: Palladium
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Solar with Battery Storage
Year 10
Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
■ Hydro
■Biomass
Year 19
Year 20
Year 21
Year 22
Year 23
Year 24
Year 25
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