Techno-economics of biomass plant
Technology selection
1. Direct burning of biomass in furnace
2. Biomass is converter into liquid fuel like methanol, ethanol,etc.
3. Biomass converted into gaseous fuel
Method 1 is suitable for plants > 1 MW
Economics of the plant
Total investment is estimated around 9 million USD. The funding is managed
in two parts, 2.7 million USD from equity share capital and 6.3 million USD
from loans
Major obstacles in exploring renewable energy
The volatility of fossil fuel prices has opened a ground
for renewable energy sources. The renewable energy technologies and other
nonconventional technologies will play an important role to enable the sustainable
development. Large scale implementation of the renewable energy resources
need to have motivating government policies and well established standards
Proper financial support is the governing factor for a
generation deficient and developing country like India
