Optimal Sizing and Analysis of a Small Hybrid Power System for Umuokpo Amumara in Eastern Nigeria

Table 7

Cost breakdown of the proposed system.

Component	Capital ($)	Replacement ($)	O&M ($)	Fuel ($)	Salvage ($)	Total ($)
PV	3,492,064	952,738	111,601	0	-533,956	4,022,445
Diesel gen.	220,000	72,353	29,422,188	2,427,331	-16,846	32,125,024
Battery	7,200,000	8,991,780	287,626	0	-148,153	16,331,256
Converter	1,664,400	434,123	0	0	-80,804	2,017,719
System	12,576,464	10,450,994	29,821,416	2,427,331	-7,7975,954	54,496,452