Question

Question 1: You are an investor who wants to build a power plant that needs 30 MW of power. To transmit at 220V, you will need a two-wire line of copper wire using 0.5cm. Assume that the cost of electricity is 25 cents per kW-hour. Could you enter such an investment and explain why?

Answer 1

We can invest in solar power plant of 30 MW that can be contacted with grid directly or stand alone. Connecting with grid will be more efficient and cost effective it can save the battery cost and also provide better supplement to the existing power supply. Recently there is a reduction in the price of solar PV. Hence it could be a better option as it requires less resource and emission free. Govt will also provide subsidy to such project. The cost of solar panel is 0.5 dollar per watt hour means it requires 500 dollar for 1kwh. And also have very minimal maintenance cost. For such project of 30 MW it will be highly effective.