The study of an Economic Integration of a Microgrid for the University of Management and Technology Sialkot

The finest microgrid design has been proposed in this research to ensure a smooth energy supply for the University of Management and Technology (UMT) Lahore, Sialkot Iqbal campus, Pakistan at the cheapest price. The design methodology considered resource availability, environmental feasibility, economic feasibility, and renewable integration. The university can utilize the energy from the Sun, fossil fuel, and national grid. Integrating the available energy resources, data collection, and forecasting multiple parameters were simulated to design the optimal microgrid. The optimal design is selected based on the net present cost (NPC), renewable fraction (RF), operating cost (OC), repair and maintenance cost (O and MC), etc. Out of the 48 viable simulated designs, the optimal design has a PV system, generators, and the grid to fulfill energy demand at a net present cost of $116,987, with a renewable portion of 95%. In contrast, the worst simulated design depends on generators and battery backup, resulting in a $2.93 million NPC with a renewable segment of 24.3%.