Feasibility Study of 1070 KWp Photovoltaic Power Plant at Lubanianwali, Sri Muktsar Sahib (Punjab), India

Abstract

This Thesis is centered on the feasibility study of photovoltaic (PV) power plant at Lubanianwali, Sri Muktsar Sahib (Punjab), India. For this, solar irradiance of this location has been used to evaluate the annual energy generated by the PV plant. The complete study has been carried out using PVsyst 6.39 simulation software. This study has been carried out with an aim to feed the electrical energy generation deficit of Punjab State power corporation Ltd. (PSPCL) in comparison to the total load demand of Punjab. At present, PSPCL is paying ₹ 7.04 per kWh to the private players supplying electrical power to PSPCL. In this work, it has been found that the actual cost to the company generating electrical power using PV is ₹ 6.63 per kWh after including the capital cost, loan interests, depreciation, running charges and maintenance costs. So, the proposed PV generation setup definitely will prove to be beneficial for profit making proposition for the company supplying electrical energy to PSPCL. In addition, reduction in carbon emissions with this proposed generation has also been evaluated which will definitely save the environment from global warming.