Estimation of the cost of electro-mechanical equipment for small hydropower plants – review and comparison of methods

Department of Electric and Power Engineering, Electronics and Automation, Faculty of Technical Sciences, University of Warmia and Mazury in Olsztyn, 11 Oczapowskiego St., 10-736 Olsztyn, Poland

^⁎ Corresponding author: seweryn.lipinski@uwm.edu.pl

Abstract

The estimate of the cost of electro-mechanical equipment for new small hydropower plants most often amounts to about 30-40% of the total budget. In case of modernization of existing installations, this estimation represents the main cost. This matter constitutes a research problem for at least few decades. Many models have been developed for that purpose. The aim of our work was to collect and analyse formulas that allow estimation of the cost of investment in electro-mechanical equipment for small hydropower plants. Over a dozen functions were analysed. To achieve the aim of our work, these functions were converted into the form allowing their comparison. Then the costs were simulated with respect to plants’ powers and net heads; such approach is novel and allows deeper discussion of the problem, as well as drawing broader conclusions. The following conclusions can be drawn: significant differences in results obtained by using various formulas were observed; there is a need for a wide study based on national investments in small hydropower plants that would allow to develop equations based on local data; the obtained formulas would let to determinate the costs of modernization or a new construction of small hydropower plant more precisely; special attention should be payed to formulas considering turbine type.