A coal fired Power plant with 30,000 kw rated capacity costs P 15,000 per kw installed. Annual operating cost, P 12 million; annual maintenance cost, P 8 million; annual depreciation, P 15 million;...

Extracted text: A coal fired Power plant with 30,000 kw rated capacity costs P 15,000 per kw installed. Annual operating cost, P 12 million; annual maintenance cost, P 8 million; annual depreciation, P 15 million; interest on investment per year, 8%; cost of coal, P 800 per ton. If one pound of coal is needed to generate 1 kwh, find the total annual cost to operate the plant assuming plant capacity factor of 50%.