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Assessment of the Costs of Geothermal Power Generation in New Zealand Figure 7-2 Plot of Thermal Performance versus Resource Temperature and Plant Size20 These performance rankings are quite different to the cost rankings obtained in Section 7.1. They show for all reservoir conditions the hybrid and double flash options outperforming single flash due to the increased energy recovery from both steam and brine. The issue then for a geothermal development is the cost of each technology with respect to the power generation that can be achieved and it is for this reason that the specific cost of electricity (in NZD per kWh delivered ) becomes such an important consideration for evaluating the commercial performance of one technology against another. 7.3 Offshore vs. Local Costs In Section 6, nominal assessments were made of the percentage split of costs into local costs and overseas costs for each development component. The impact on overall project cost of these individual costs are examined in Table 7.4 in which these percentage splits have been applied to 20 A useful reference point on this figure is the design value for the Mokai I hybrid geothermal power plant of 7.7 MWth / MW, but which is actually achieving 6.4 MWth.MW‐1 (Menzies et. al. 2001). Sinclair Knight Merz SKM Cost of Geothermal Power Report (2007 Cost Basis)R1.doc PAGE 47PDF Image | Current Costs of Geothermal Power Generation in New Zealand
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