Development of a Cost-Effective Solar/Diesel Independent Power Plant for a Remote Station

Table 7

Comparison simulation of economic results between existing system and a hybrid system.

Parameter	Existing diesel-only system		Proposed hybrid (PV/Diesel) system
Value	Dollar ($)	Naira (#)	Dollar ($)	Naira (#)
Initial cost	1,574,535	314,907,000	2,184,535	436,907,000
Operating cost	416,895	83,379,000	145,408	29,081,600
Total NPC	6,963,954	1,392,790,800	4,064,293	812,858,600