2. Cost benefit analysis objective
The basic objective of the cost/benefit analysis is to provide best
economically suitable alternatives for rehabilitation of aging hydro
power plant. The main objective for this analysis has been to
compile the cost associated with all the alternatives, and to develop
the relationship between the investment and the returns [1]. The
first phase of this analysis is to calculate the total cost for each alternatives,
subsequently, present worth of the revenues are calculated
and relationship is established, if the alternatives are
economically viable and best suited for both investment/returns
ratio and reliability of the unit [2,3]. Only then project implementation
phase starts. The alternatives which are available to the
owner of hydro power generating facility have been enumerated as