BUSINESS OPPORTUNITY PROJECT SUMMARY
Full Project Name: Biofuel-fired Seawater Desalination System for Potable (Purified) Water Supply and Salt Production
PROJECT CONCEPT:
This Project harnesses local bio-fuel resources to meet two very basic needs of small island and remote coastal communities: ELECTRICITY and WATER.
To bring down the operating costs and user charges of existing small diesel generating sets, the Project shall demonstrate and validate the techno-economic viability of using CRUDE COCONUT OIL as diesel fuel supplement or blend.
The Project shall thus be anchored on and complement the operations of a closely related project, a village-scale coconut processing plant.
The use of coconut oil as diesel substitute or fuel blend for diesel engines has already been established as technically feasible.
The rising cost of diesel fuel and the depressed prices of copra, especially in these target communities who absorb their higher transaction cost of copra trading, also created its economic feasibility.
The Project shall tap the waste heat from its bio-diesel power plant to desalinate seawater and produce potable (distilled and purified) water and the by-product salt.
The bio-fuel power plant shall buy the coconut oil from the village coconut processing plant at the same price as diesel fuel which, at current prices, is equivalent to the plant-gate price of copra.
The latter shall in turn be able to pay the farmers better terms for their copra and even much better terms for their whole nut harvest.
INSTALLED POWER CAPACITY: 60 KW
PRIME MOVER: 80HP diesel engine, water cooled
FUEL: 95% crude coconut oil; 5% petro-diesel
ANNUAL PRODUCTION: 486,000 kwhrs of electricity; 26,000 CM of purified water; 864 MT of table salt
ANNUAL OPERATING INCOME: PhP 674,400
ESTIMATED TOTAL PROJECT COST: PhP 3.15 million
RETURN ON INVESTMENT RATE (R0I) /PAYBACK PERIOD: 19.2% p.a. / 5.2 years
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