On appraising alternative power plant investment proposals part 2: application

摘要

This paper is an application of the economic model developed in Part 1 and programmed in the computer code PEACES (program for the economic analysis of combined energy systems). A case study is presented in which hypothetical energy requirements at an industrial site are considered and an exercise is conducted wherein cogeneration is considered as a means of improving the energy situation at the site. Appropriate technologies that can satisfy the cogeneration requirements are investigated and technical and economic evaluations are carried out for a feasibility assessment. Of the three proposals considered, the gas turbine with heat recovery steam generator and the gas/steam turbine combined cycle cogeneration plant were found to be economically viable, while the steam turbine was not. It was recommended that the gas/steam turbine combined cycle cogeneration proposal be adopted, as it was the most economical.