{"id":28428,"date":"2022-02-22T06:53:00","date_gmt":"2022-02-22T06:53:00","guid":{"rendered":"https:\/\/castlerockasia.com\/projects\/pre%e2%80%90feasibility-study-of-efate-geothermal-power-plant-and-island-ring-grid-development-program\/"},"modified":"2023-05-09T08:49:27","modified_gmt":"2023-05-09T08:49:27","slug":"pre%e2%80%90feasibility-study-of-efate-geothermal-power-plant-and-island-ring-grid-development-program","status":"publish","type":"projects","link":"https:\/\/castlerockasia.com\/id\/projects\/pre%e2%80%90feasibility-study-of-efate-geothermal-power-plant-and-island-ring-grid-development-program\/","title":{"rendered":"Pre-feasibility Study of Efate Geothermal Power Plant and Island Ring Grid Development Program"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The objectives of the World Bank 2011\u00a0 assignment were to: (i) define and cost at a conceptual level the principal technical options for geothermal power generation and associated transmission and distribution in Efate, Vanuatu (ii) determine the economically optimal option, taking into account both the potential for displacing diesel generation in the Port Vila concession as well as new services to areas outside the concession, and (iii) formulate commercial and regulatory arrangements to facilitate financially least-cost development of this option.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This study was aimed at providing inputs for the Government of Vanuatu to formulate and implement commercial and regulatory framework to initiate the development of geothermal potential on Efate, Vanuatu. The approach of\u00a0 this study entailed five steps:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Defining various scenarios of geothermal power potential<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identifying network and geothermal development options corresponding to these geothermal resource scenarios and expected load growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluating which development option is economically optimal taking into account the uncertainty in key parameters and the cost of competing technologies (diesel, wind and solar photovoltaics).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assessing the financial impacts of the economically optimal development option on consumers and UNELCO under various development scenarios, and<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Formulating a framework for geothermal development, and associated changes to policies, regulations and concession agreements that facilitate implementation of the optimal approach taking into account the uncertainty in key parameters.<\/span><\/li>\n<\/ul>\n","protected":false},"featured_media":1020,"template":"","sectors":[52],"clients":[53],"services":[57,61],"sizes":[58],"class_list":["post-28428","projects","type-projects","status-publish","has-post-thumbnail","hentry","sectors-re-id","clients-dev-inst-id","services-prpd-id","services-govt-id","sizes-large-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pre-feasibility Study of Efate Geothermal Power Plant and Island Ring Grid Development Program | Castlerock Consulting Asia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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