Economic Evaluation and Performance of PV Plant: An Investigation for Village Malo Bheel Tharparkar
Keywords:
Performance parameters, economic evaluation, pvsyst.Abstract
Energy crises have never been a new issue for Pakistan. Pakistan is facing this problem since long time. Power Sectors have been investing so much but still country has been facing lot of challenges to overcome energy crises. According to recent report by International Renewable Energy Agency (IREA), Electrification rate of Pakistan is 74% which means 26% (51 million of population) still don’t have access to electricity. The report also mentioned that 32500 villages are deprived of electricity. 40% of rural population lives far away from grid stations as reluctance that is shown by utility companies on not expanding their network due to various reasons such as financial and technical problems. It is need of hour to focus more on generation of electricity through renewable energies as traditional generation of electricity relies mostly on coal which is causing some serious consequences. There are two objectives of this paper. Economic Evaluation and examine of various parameters for performance prediction of 50 houses in Malo Bheel tharparker which is obtained using Software PVSYS 6.4.3. The Cost of energy obtained using PVSYS software is 0.10$/kWh which is proved to be feasible considering no access of grid station to village.