EFFICIENCY OF INVEST IN A GAS GENERATOR IN MOLDOVA
LESAN TIMUR
PhD student, Department of Finances and Insurances Academy of Economic Studies of Moldova
ORCID: 0009-0001-5069-5504
Email: lesan.timur@ase.md
DOI: https://doi.org/10.24818/cike2024.15
UDC: [330.322.5:621.314](478)
Pages: 139–144
Abstract
For many years, the Republic of Moldova has been facing an energy crisis, both in terms of high energy supply prices and the stability of energy supply. There is a need to develop domestic energy sources, and in addition to renewable energy sources, it is necessary to explore investments in electricity generation from traditional energy sources. This article examines the possibility of investing in a gas generator from Rolls-Royce. The possibility of generating electricity and thermal energy has been examined, and the payback period of the generator has been calculated in terms of the sale of electricity and thermal energy. The article also calculates the payback period in terms of energy savings, assuming a reduction in consumption by the economic agent. An investment analysis has been conducted. A sensitivity analysis between electricity prices for sale to the grid and gas purchase prices has been performed. The possibilities of the state purchasing electricity during peak hours not from the Romanian Opcom exchange but from gas generator owners, under the condition of increasing the purchase price during peak hours as on the exchange, have been explored. We will also determine the minimum capacities of such generators capable of replacing electricity purchases on the exchange. Opportunities, forecasts, and risks for development in this sector will be identified. As a result, investments in gas generators under certain conditions may prove to be highly effective. This strategy will allow the country to reduce its dependence on imported electricity, decrease reliance on voltage fluctuations in the power system, spur the development of biogas production, enhance the country’s energy security, create additional employment opportunities, and contribute to the growth of the gross domestic product.
Keywords: electricity, renewable energy, investments, energy prices, industry.
JEL Classification: Q42, Q43, Q47.
