Request for proposals : economic analysis of Hawaii's proposed geothermal-inter-island cable project

Abstract

"The purpose of this Request for Proposals is to select a consultant to perform an economic analysis of the geothermal/cable project to guide public and private decisions. The analysis shall compare the cost of electricity developed and transmitted by the geothermal/cable project with other major existing or proposed electrical generating alternatives on Oahu, specifically petroleum and coal. While the goal of the geothermal/cable project is 500 megawatts, the analysis shall also include capacities of 125, 250, 375, and 625 megawatts so that information on the relative size economies is also available. The purposes of the study that will result from this RFP is to provide government (Governor, Legislature. DBED, Governor's Advisory Board on the Geothermal/Cable Project, and the three involved counties) and private (utilities, prospective geothermal/cable developer, contractors and suppliers, financing organizations) decision-makers with information of the economic viability of the geothermal/cable project compared to other alternatives for supplying large quantities of baseload electricity namely oil and coal. An objective of this study is to not only determine the economic feasibility, but to also identify and discuss those risk elements and non-quantifiable benefits that would affect any decision to proceed with the development of the Hawaii Geothermal/Cable development program."