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Article: Economic evaluation of private power production under uncertainties

TitleEconomic evaluation of private power production under uncertainties
Authors
KeywordsBuild-operate-transfer
Generation expansion planning
Genetic algorithms
Private power production
Uncertainties
Issue Date2003
PublisherElsevier Ltd. The Journal's web site is located at http://www.elsevier.com/locate/ijepes
Citation
International Journal Of Electrical Power And Energy Systems, 2003, v. 25 n. 2, p. 167-172 How to Cite?
AbstractPrivate power production is becoming an increasingly important source of electricity generation. In developing countries, build-operate-transfer (BOT) arrangement has emerged as a dominant form of private investment. Pricing private power production at its avoided cost is the breakeven point for the utility in economic evaluation, and uncertainties must be taken into account. In this paper, an approach of calculating the breakeven cost to the utility of a BOT power plant whose contract lasts for 10-25 years is proposed. The proposed approach requires the computation of production costs from long-term generation expansion planning (GEP) under future uncertainties. To facilitate the inclusion of constraints introduced by BOT plants in GEP and uncertainties, a genetic algorithm method is utilized in GEP. The breakeven cost is a useful measure in the economic evaluation of BOT power plants. An example is presented to illustrate the economic evaluation of BOT plants using the concept of breakeven cost. © 2002 Elsevier Science Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/74034
ISSN
2015 Impact Factor: 2.587
2015 SCImago Journal Rankings: 1.741
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorXing, Wen_HK
dc.contributor.authorWu, FFen_HK
dc.date.accessioned2010-09-06T06:57:09Z-
dc.date.available2010-09-06T06:57:09Z-
dc.date.issued2003en_HK
dc.identifier.citationInternational Journal Of Electrical Power And Energy Systems, 2003, v. 25 n. 2, p. 167-172en_HK
dc.identifier.issn0142-0615en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74034-
dc.description.abstractPrivate power production is becoming an increasingly important source of electricity generation. In developing countries, build-operate-transfer (BOT) arrangement has emerged as a dominant form of private investment. Pricing private power production at its avoided cost is the breakeven point for the utility in economic evaluation, and uncertainties must be taken into account. In this paper, an approach of calculating the breakeven cost to the utility of a BOT power plant whose contract lasts for 10-25 years is proposed. The proposed approach requires the computation of production costs from long-term generation expansion planning (GEP) under future uncertainties. To facilitate the inclusion of constraints introduced by BOT plants in GEP and uncertainties, a genetic algorithm method is utilized in GEP. The breakeven cost is a useful measure in the economic evaluation of BOT power plants. An example is presented to illustrate the economic evaluation of BOT plants using the concept of breakeven cost. © 2002 Elsevier Science Ltd. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier Ltd. The Journal's web site is located at http://www.elsevier.com/locate/ijepesen_HK
dc.relation.ispartofInternational Journal of Electrical Power and Energy Systemsen_HK
dc.rightsInternational Journal of Electrical Power & Energy Systems. Copyright © Elsevier Ltd.en_HK
dc.subjectBuild-operate-transferen_HK
dc.subjectGeneration expansion planningen_HK
dc.subjectGenetic algorithmsen_HK
dc.subjectPrivate power productionen_HK
dc.subjectUncertaintiesen_HK
dc.titleEconomic evaluation of private power production under uncertaintiesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0142-0615&volume=25&spage=167&epage=172&date=2003&atitle=Economic+Evaluation+of+Private+Power+Production+under+Uncertaintiesen_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S0142-0615(02)00028-5en_HK
dc.identifier.scopuseid_2-s2.0-0037290045en_HK
dc.identifier.hkuros83256en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0037290045&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume25en_HK
dc.identifier.issue2en_HK
dc.identifier.spage167en_HK
dc.identifier.epage172en_HK
dc.identifier.isiWOS:000179097500008-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridXing, W=7102933005en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK

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