The Prospect of Solar Energy in the Development of Power Stations in the State of Kuwait

Table 1

The LCOE for 100 MW PV and CCGT power stations.

Technology	Photovoltaic	CCGT
Plant capacity	100 MW	100 MW
Fuel used	—	Natural gas
Cost of fuel at $50/bb ($/kWh)	—	0.08
Investment cost ($/kWh)	5,000	1,400
O&M cost ($/kW/yr)	150	35
CO2 emission cost ($/kWh)	—	0.024
Efficiency rate	10%	50%
Load factor	—	85%
Project life	25	30
Duration of construction	2	3
LCOE ($/kWh) at 5% Interest rate	$0.19	$0.11
LCOE ($/kWh) at 10% Interest rate	$0.28	$0.13

Sources: International energy agency [8], Ministry of electricity and water in Kuwait [9].