A company is considering investing in power generation. It wants to setup a 1000 MW power generation system. The company hired you as a consultant to explore different options for power generation which are (i) Coal based power plant, (ii) Natural gas based power plant, (iii) Wind turbine farm, and (iv) Photovoltaic farm. Prepare a feasibility report by considering the following parameters,

(a) Overall efficiency

(b) Initial capital cost

(c) Operating cost

(d) Payback period

Assume that the company can sell electricity at a flat rate of 8¢/kWh for thermal power plants. Due to the government incentive, the electricity generated by the PV farm would be sold at a rate of 55¢/kWh and the electricity generated by the wind farm would be sold at a rate of 19¢/kWh. For any other information not provided here assume appropriate values and provide justification and reference for all assumed values.

The report should not exceed five pages (excluding the cover page and references page) including text, figures, tables and other necessary details. The text should not be smaller than 10 pt. The printouts of the data sources should be attached as an appendix. Use the following guidelines in attaching the printouts of the data sources.

If the data is gathered from a research paper then attach the first page and only relevant pages of the paper.

If the data is gathered from a book then attach the tile page of the book (including the names of author(s) and publisher) and only relevant pages.

If the data is gathered from a website then attach the printout of the relevant webpages.

If internet is used to search for the data, then make sure that the website is reliable.

Do not use Wikipedia as the data source

All other relevant information should also be attached as appendices.

Provide proper references to all the information gathered in the main report as well as in the list of references.