Funding PNG's Electrification: Vanimo Case Study
Annual cumulative cashflow (millions) (USD)
LCOE (USD/kW) (L 0.05) 0.08 (H 0.10)
$3.0
$2.0
Taking a more conservative view of project risk our investment
case would be evaluated against a project IRR of 4.6% ...
Comparison of returns on renewable generation options
Hydroelectricity
4.6% internal rate of return
Biomass
4.6% internal rate of return
LCOE (USD/kW) (L 0.08) 0.09 (H 0.15)
INDICATIVE
Solar with Battery Storage
<0% internal rate of return
LCOE (USD/kW) (L 0.20+) 0.23
$1.0
$.0
-$1.0
-$2.0
-$3.0
-$4.0
-$5.0
-$6.0
-$7.0
-$8.0
Source: Palladium
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
Year 12
Solar with Battery Storage
■ Hydro ■Biomass
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20
Year 21
Year 22
Year 23
Year 24
Year 25
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