Page 56 - CE JOURNAL FEB 2024 ISSUE 20
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From the risk management plan there are three (3) prominent areas inclusive of Failure, Cash Flow, and Laws
that must be kept in view to ensure the design remains feasible.
Proposed Risk Management for Threats to Design
COST BENEFIT ANALYSIS
Cost Benefit Analysis (CBA) is a systematic tool used in assessing the RE investment that is most informative in
weighing whether the expected benefits justify the costs and that identifies key drivers of each. The optimized
methodology developed for the feasibility study contains all the key information for the CBA assessment. The
low uncertainty level benefits identified below indicate that there is greater than 80% probability that the fuel
station owner, the customers and the utility will benefit significantly from the implementation of a RE solar
PV and BESS off grid charging station, if implemented.
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