scholarly journals Power Plant Economic Analysis: Maximizing Lifecycle Profitability by Simulating Preliminary Design Solutions of Steam-Cycle Conditions

Energies ◽  
2018 ◽  
Vol 11 (9) ◽  
pp. 2245 ◽  
Author(s):  
Chul-Seung Hong ◽  
Eul-Bum Lee
Keyword(s):  
Power Plant ◽  
Economic Analysis ◽  
Power Efficiency ◽  
The Philippines ◽  
Parametric Estimation ◽  
Design Solution ◽  
Maximum Efficiency ◽  
Technical Factors ◽  
Design Solutions ◽  
Steam Cycle

Many existing financial models for power plants chose a design based on the maximum thermal efficiency excluding the operational (OPEX) and capital (CAPEX) cost variations of technical factors. These factors are often fixed because including them in financial assessments can be burdensome and it is assumed that maximum efficiency equals maximum profit. However, this assumption may not always be right. Through 19,440 power plant steam-cycle design solutions and their associated OPEX and CAPEX, this study found the eighth most thermally-efficient solution to be $1.284 M more profitable than the traditional thermally-optimized design solution. As such, this paper presents a model incorporating technical factors through parametric estimation by minimizing the burden on decision makers. While this may reduce precision, it allows for quick cost assessments across differing design solutions. The data for model development was collected from a Korean-constructed, operational 600 MW coal-fired power plant in the Philippines. Using the Thermoflex software, nearly all design configurations’ heat rate outputs are simulated. Profitability is then optimized based on the resultant design configuration’s impact on revenue and CAPEX and OPEX costs. The simulation inputs included variables found to be most impactful on the steam generated power efficiency per existing literature. Lastly, the model includes an assessment of cost impacts among recent environmental regulations by incorporating carbon tax costs and a sensitivity analysis. The economic analysis model discussed in this paper is non-existent in current literature and will aid the power-plant project investment industry through their project feasibility analyses.

Optimum Turbine Extraction Pressures for Maximum Efficiency in Steam Power Plant Cycle

2003 ◽  
Author(s):  
Sepehr Sanaye ◽  
Behrooz Farshi ◽  
Hashem Turk
Keyword(s):  
Power Plant ◽  
Thermal Efficiency ◽  
Optimization Techniques ◽  
Maximum Efficiency ◽  
Feed Water ◽  
Steam Power ◽  
Steam Power Plant ◽  
Water Heaters ◽  
Optimization Search ◽  
Steam Cycle

In design of a real steam power plant cycle with seven or eight open and closed feed water heaters, choosing the appropriate turbine extraction pressures has important effect on the cycle efficiency. By considering the steam cycle thermal efficiency as an objective function, various optimization techniques including the Full Search, Hook-Jeeves and Nelder-Mead schemes were applied for selecting the proper arrangement of feed water heaters and the optimum steam turbine extraction pressures. In order to optimally design and accurately analyze the behavior of steam power plant cycles, a modular software based on object oriented programming has been developed. Steam cycle elements used in this software while forming a set of independent objects, collectively present an inter-related behavior. In the design environment of the software, a complete steam cycle power plant can be visually designed and analyzed. The correct performance of this software in calculation of the state variations at various cycle points and the cycle thermal efficiency was checked and verified. The values of extraction pressures and mass flow rates at the optimum design point were assessed and found to be in agreement with the corresponding values of existing power plants. Based on the literature available, incorporation of all the design features involving modular aspect with optimization search using several algorithms and comparisons made of the results with actual power plant performances have not yet been successfully accomplished in a software package.

scholarly journals An improved configuration of lignite pre-drying using a supplementary steam cycle in a lignite fired supercritical power plant

2015 ◽  
Vol 160 ◽  
pp. 882-891 ◽  
Author(s):  
Cheng Xu ◽  
Gang Xu ◽  
Shifei Zhao ◽  
Luyao Zhou ◽  
Yongping Yang ◽  
...  
Keyword(s):  
Power Plant ◽  
Steam Cycle

A Performance Study of Real Coded Genetic Algorithm on Gear Design Optimization

2012 ◽  
Vol 622-623 ◽  
pp. 64-68 ◽  
Author(s):  
S. Padmanabhan ◽  
M. Chandrasekaran ◽  
P. Asokan ◽  
V. Srinivasa Raman
Keyword(s):  
Genetic Algorithm ◽  
Power Efficiency ◽  
Mechanical Design ◽  
Design Solution ◽  
Functional Requirements ◽  
Performance Study ◽  
Gear Design ◽  
Adverse Result ◽  
Real Coded Genetic Algorithm ◽  
Comparative Results

he major problem that deals with practical engineers is the mechanical design and creativeness. Mechanical design can be defined as the choice of materials and geometry, which satisfies, specified functional requirements of that design. A good design has to minimize the most significant adverse result and to maximize the most significant desirable result. An evolutionary algorithm offers efficient ways of creating and comparing a new design solution in order to complete an optimal design. In this paper a type of Genetic Algorithm, Real Coded Genetic Algorithm (RCGA) is used to optimize the design of helical gear pair and a combined objective function with maximizes the Power, Efficiency and minimizes the overall Weight, Centre distance. The performance of the proposed algorithms is validated through LINGO Software and the comparative results are analyzed.

Functional Design Methodology Based on Knowledge Databases Achievements

2015 ◽  
Vol 809-810 ◽  
pp. 865-870
Author(s):  
Manuela Roxana Dijmărescu ◽  
Dragoș Iliescu ◽  
Marian Gheorghe
Keyword(s):  
Design Process ◽  
Design Methodology ◽  
Design Solution ◽  
Functional Design ◽  
Design Solutions ◽  
Early Phases

Various architectures exposing certain phases of the design process have been developed. A closer analysis of the presented timelines is leading more to postpone the design solution rather than advancing it in the early phases. This paper advances a new architecture for the design process with the main emphasize on the product functional design, based on functional-constructive knowledge stored in databases, and on the principle of selecting design solutions in an incipient phase and developing them during the further design process stages.

Steam Turbine Driving Compressor for Gas-Steam Combined Cycle Power Plant

2009 ◽  
Author(s):  
Wancai Liu ◽  
Hui Zhang
Keyword(s):  
Power Generation ◽  
Power Plant ◽  
Steam Turbine ◽  
Gas Turbine ◽  
Combined Cycle ◽  
Thermodynamic Process ◽  
Combined Cycle Power Plant ◽  
Steam Cycle

Gas turbine is widely applied in power-generation field, especially combined gas-steam cycle. In this paper, the new scheme of steam turbine driving compressor is investigated aiming at the gas-steam combined cycle power plant. Under calculating the thermodynamic process, the new scheme is compared with the scheme of conventional gas-steam combined cycle, pointing its main merits and shortcomings. At the same time, two improved schemes of steam turbine driving compressor are discussed.

scholarly journals Tintinnids (Ciliophora, Oligotrichea) within power plant discharge and marine protected areas in Masinloc-Oyon Bay

Check List ◽  
2021 ◽  
Vol 17 (6) ◽  
pp. 1533-1539
Author(s):  
Jane Abigail Santiago ◽  
Ma Carmen Ablan-Lagman
Keyword(s):  
Power Plant ◽  
Protected Areas ◽  
Marine Protected Areas ◽  
Diversity Index ◽  
Thermal Power ◽  
The Philippines ◽  
Field Sampling ◽  
Species Diversity Index ◽  
Philippine Sea ◽  
West Philippine Sea

There are only five studies on tintinnids of the Philippines. We present a checklist of tintinnids (Ciliophora, Oligotrichea) from Masinloc-Oyon Bay, Province of Zambales, West Philippine Sea. Masinloc-Oyon Bay is a unique in having both marine protected areas and a coal-fired thermal power plant within the same bay. Field sampling was performed in July 2017, which recorded 10 species belonging to one order, six families, and seven genera. Station 1 inside the power plant’s outfall had the lowest diversity, whereas the stations within marine protected areas had a relatively higher species diversity index. Our new data are the first records of tintinnid species in Masinloc-Oyon Bay. These records add to the regional checklist of the Philippine Sea.

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