Techno-economic feasibility studies are mostly conducted to finance investment plans with a view to convincing the business owners to take part in a profitable project in accordance with a given timetable and the required resources after having taken into account the incomes and circumstances of the return of their capital. In this regard, three key elements i.e. market studies, technical studies and financial studies must be accounted for.
Suchlike studies normally concern market conditions, product specifications, production capacity, required machinery, investment volume as well as profitability of the project. The company’s activities in this realm include:
· Opportunity Study
· Pre-Feasibility Study
· Feasibility Study
· Technical Study
Feasibility studies by the institute are directed under UNIDO standards, making use of Comfar III software.