ECONOMIC FEASIBILITY STUDY OF AN ELECTRIC GENERATION PROJECT FROM BAGASSE GASIFICATION IN A CUBAN SUGAR MILL

Abstract

Some solid fuels which are very pollutant and with low value could be transformed into a clean gas that could be used in many industrial applications for its physical properties and for being easy transported. Then, electricity generation is one of the most important applications. In this case, electricity could be generated, cleanly and efficiently, through the use of synthesis gas that replaces the natural gas in a combined cycle (Biomass Integrated Gasification Combined Cycle (BIGCC)).
In this paper, we carry out an economic feasibility study of the project about the implementation of Biomass Integrated Gasification Combined Cycle (BIGCC) in a 10000 tc/d sugar mill from bagasse gasification in order to demonstrate, from the economic point of view, the possibility of investment in this kind of technology considering the current conditions of Cuban sugar industry.
Later, a sensitivity analysis is presented to show first, the break-even point associated to the project and second, the variations of financial indicators due to changes on the total amount of investments, which is a very helpful element for making right decisions in the project investment process.