Assessing the Option Value of Retrofitting a 200MW Power Plant to Oxyfuel CO2 Capture

摘要

An advantage of oxyfuel capture technology is the flexibility of capable of retrofitting existing conventional coal-fired power plants. This analysis investigates the option value of retrofitting a 200MW coal-fired power plant to Oxyfuel CO2 capture power plant. The initial retrofit option value is the theoretical financial value for pre-investment (Oxyfuel CO2 Capture Ready) to keep the oxyfuel CO2 capture retrofit option open. The study assumes carbon price (either carbon tax or carbon allowance market) is the only driver for oxyfuel CO2 capture retrofit decision and there are no other operational or investment options in the decision making process.