Indian Journal of Economics and Development
  • Year: 2017
  • Volume: 13
  • Issue: 3

Economic Analysis of Parabolic Solar Concentrator Based Distillation Unit

1School of Energy and Environmental Studies, Devi Ahilya University, Indore-452017

2ICAR-Central Arid Zone and Research institute, Jodhpur-342003

*Corresponding author's email: poonia.surendra@gmail.com

JEL Codes: D61, D91, Q15, Q25, Q42

Abstract

The experimental analysis revealed that the system was found suitable to overcome the problems of corrosion, salt scaling and algae. The system was able to provide 2.65 litre of distilled water per day for about 320 days per annum. The economic evaluation of the distillation unit revealed that high value of IRR (62.88 per cent) and low value of payback period (1.9 Years) make the unit very cost efficient. The economic attributes of the system revealed its economic viability. The system is useful for getting distilled water which can be used in batteries, laboratories. It can also be used for drinking by mixing with saline water in places where water quality is saline

Keywords

Agriculture, alternative energy sources, cost benefit ratio, life cycle cost, renewable resources