EconPapers    
Economics at your fingertips  
 

Project planning and control analysis for suburban photovoltaic alternative electric power supply in Southwestern Nigeria

Ibikunle Olalekan Ogundari and Funso Ayotunde Otuyemi

African Journal of Science, Technology, Innovation and Development, 2021, vol. 13, issue 1, 31-49

Abstract: Alternative photovoltaic (PV) electric power systems are designed for suburban residential complexes in Nigeria’s Southwestern region as succour to erratic grid power supply. The initial project in suburban Ibadan, Oyo State was analyzed as model for other stakeholders in the region. A project planning framework was used for analysis. The project scope, cost and time specifications were determined: a 7 MW PV system designed over 35 acres, estimated power generation costs of US$2.56 per watt, estimated total project cost of $17.9 million, estimated cost at completion of $21.6 million, and estimated completion time of 12 months 19 days. Techno-economic benefits include 15.83 GWh of electricity and revenue of US$1.74 million per annum per state. Environmental benefits include annual elimination of 1.58 million litres of diesel fuel use and 4241.8 metric tonnes of CO2 emissions from the atmosphere. The schemes were determined to be non-viable at the extant electricity utility rates of US$0.07 per kWh but viable at electricity utility rate of $0.11 per kWh with payback period of 16 years. The study concluded that in spite of the expected project time delay and budget overshoot, the project was viable and a suitable template for Southwestern Nigeria.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/20421338.2020.1802842 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rajsxx:v:13:y:2021:i:1:p:31-49

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rajs20

DOI: 10.1080/20421338.2020.1802842

Access Statistics for this article

African Journal of Science, Technology, Innovation and Development is currently edited by None

More articles in African Journal of Science, Technology, Innovation and Development from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-20
Handle: RePEc:taf:rajsxx:v:13:y:2021:i:1:p:31-49