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Economic Analysis of Wastewater Reuse in Covenant University

Omole, D. O. and Jim-George, T. and Akpan, V. E. (2019) Economic Analysis of Wastewater Reuse in Covenant University. In: 3rd International Conference on Science and Sustainable Development, 2019, Online.

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Wastewater reuse is a vital technique to supplement existing water resources for both developing and developed nations. However, the economic research into the design and implementation of a wastewater reuse scheme is required in order to determine the feasibility of any wastewater reuse project from an economic stand point. There are numerous benefits of wastewater recycling. However, these benefits are often not evaluated due to several factors. Nevertheless, the valuation of these benefits is required to justify investment decisions. This research uses cost-benefit analysis to evaluate the benefits of implementing a wastewater reuse scheme in a university community. The investment decision is influenced by the result obtained from the cost benefit analysis calculation. The result of the Net Present Value of this research showed that, the University could recoup its initial investments and also realize huge profits implementing a wastewater reuse scheme. Meaning that the research is or would be feasible financially. This research also shows that with the use of constructed wetland, an extensive method of wastewater treatment, the energy costs accrued per year by the University community would be reduced by millions of naira. Furthermore, the environmental and social benefits of the projects were also considered to complete an economic analysis. The results showed that there are significant environmental and social benefits which includes sustainable groundwater withdrawal, the avoidance of land subsidence and corporate social responsibility. Keywords: Wastewater, reuse, Valuation, Expenditure

Item Type: Conference or Workshop Item (Paper)
Subjects: T Technology > TA Engineering (General). Civil engineering (General)
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 17 Aug 2020 12:14
Last Modified: 17 Aug 2020 12:14

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