Location:

Computer Lab of Mechanical Power Engineering Dept.,

Building no. 19, Third Floor, FECU - Egypt

Duration:

June 25th – July 17th, 2005 

 

Day, Time and Location

 

Saturday
June 25th

 

16:00 - 17:30
 
FECU, Pathways meeting room, third floor, the management building "Building no. 1"

Dr. Sayed Kaseb (EG)

 

Orientation and Introduction to module 3 and 4.

 

Wednesday
June 29th

15:30 – 16:30

FECU, meeting room, second floor, the management building "Building no. 1"

 

Meeting with Prof. Renato Rizzo.
 

 

 

Day 14:00 - 16:00

16:00 - 17:30

Break

18:00 - 19:30

Wednesday
July 13th
 
Dr. K. Kavadias, Dr. C. Chalvatzis (GR)
 
Lecture 1: Investments Evaluation
- Introduction, Objectives and Structure of Module 3
- Presentation of TEI of Piraeus and of the Greek project team.
- The need to evaluate investments.
- Overview of evaluation criteria (NPV, IRR, Payback Period, Discounted Cash Flow, Capitalised Cost).
- Simple Example for the comparison of alternative evaluation criteria (EXCEL – WORD files)          
 
Dr. K. Kavadias (GR)
 
Lecture 2: The Cost – Benefit Model
- Presentation of the basic theoretical model for investments evaluation (Cost/Benefit Model).
- Description of the model parameters.
- Simple illustrative example (WORD-EXCEL)
 
Thursday
July 14th
 
Dr. K. Kavadias, Dr. C. Chalvatzis (GR)
 
Lecture 3: Applications of the Cost-Benefit Model
- Application of the Cost-Benefit Model for Payback, Benefit/Cost ratio, NPV and IRR Analysis.
- Application of the CB model for the estimation of Production Cost (e.g. Energy, water, heat, etc.).
- Application example (to prove the compatibility of the above methods).
 
Dr. Sayed Kaseb (EG)
 
Lecture 4: Uncertainties
- Sources of uncertainty and risk.
-  Reflection of the uncertainty on economic analyses.
- Quantitative tools to deal with uncertainty and risk.
- Application example.
Saturday
July 16th
Dr. Sayed Kaseb,             Dr. K. Kavadias, Dr. C. Chalvatzis

Office hours

Location: Pathways meeting room.

Dr. Sayed Kaseb (EG)   
 
Lecture 5: Replacement Analysis
- Replacement Reasons.
- Methods of Profitability evaluation for replacements.
- Practical factors in replacement studies.
- Examples
 
 
Dr. K. Kavadias (GR)
 
Lecture 6: CASE STUDIES – 1
- Application of the Payback Method (Wind Farm Investment Evaluation).
- Critical Factors in Cash-Flow Estimation.
-  Estimation of the Optimal point to start an energy investment.
- Case Study.

 

Sunday
July 17th
Dr. Sayed Kaseb,             Dr. K. Kavadias, Dr. C. Chalvatzis

Office hours

Location: Pathways meeting room.

Dr. C. Chalvatzis, Dr. K. Kavadia (GR)
 
Lecture 7:  CASE STUDIES – 2
- NPV and IRR Analysis Applications.
- Case Study: Evaluation of a Hydro Power Station.
- Effect of environmental parameters on the possibility of an energy investment implementation.
- Comparative assessment of a Nuclear and a RES-based power station.

 

 
Dr. K. Kavadias, Dr. C. Chalvatzis (GR)
 
Lecture 8: CASE STUDIES – 3 Production Costs Estimation
- Production Costs Estimation (Case 1: Heat Production cost for solar collectors; Case 2: Water production costs from a cogeneration station).
- Module 3 Evaluation Test.
- Closing session : Conclusions and Highlights of Module 3