Comparative Thermoeconomic Analysis Between Combined Cycle Units Derived From Existing Steam Power Plants and a New Combined Cycle Plant
In this paper, a thermoeconomic analysis is carried out for two and three pressure level combined cycles derived from existing steam power plants. The considered steam power plants are among the most widespread in the Italian territory (70 MW, 160 MW, 320 MW power output). First of all, the gas turbine plants that best match the steam power plants’ requirements are selected among existing units. Subsequently, the thermodynamic analysis for the repowered plants is performed, taking into account the off-design working condition of some components such as, the steam turbines and the condenser. Then, the economic evaluation for the repowered plants is carried out by determining the cost per kWh, the pay back period and the internal rate of return. The analysis permits the most economic choice to be made. The thermoeconomic investigation was also performed for a new combined cycle power plant. The study has revealed that the repowering of the three existing steam power plants in two or three pressure level combined cycle plants is more convenient than building a new combined cycle with higher efficiency. It has also pointed out that the repowering of the 320 MW existing steam power plant in a three pressure level reheat combined cycle plant supplies the lowest cost per kWh among all the other repowered plants analyzed. The revamping and environment effect on the above mentioned existing steam power plants was also investigated and it resulted that this solution has a cost per kWh that is much higher than that of the repowered steam plants and the new combined cycle.