Estimating the capital costs of life extension for fossil-fuel steam plants



Publisher: Energy Information Administration, Office of Coal, Nuclear, Electric, and Alternate Fuels, U.S. Dept. of Energy, Publisher: Available from the Supt. of Docs., U.S. G.P.O. in Washington, DC

Written in English
Published: Pages: 51 Downloads: 882
Share This

Subjects:

  • Fossil fuel power plants -- United States,
  • Electric utilities -- United States -- Costs

Edition Notes

ContributionsUnited States. Office of Coal, Nuclear, Electric, and Alternate Fuels
The Physical Object
Paginationviii, 51 p. :
Number of Pages51
ID Numbers
Open LibraryOL14426016M

  Figure 4: Fossil Fuel and Finance Capital, Director Interlocks of firms with two or more ties. Financial firms are show in orange. Fossil-fuels firms appear in green. The size of each node is proportional to its number of ties in the total network. Tax subsidies for oil, gas and coal development are expected to reduce federal revenue by $ billion from to (figure 1). The two largest subsidies are excess of percentage over cost depletion ($3 billion) and expensing of exploration and development costs ($ billion). What's' Sunk' Ain't Stranded. Questioning front-end assumptions in computing stranded investment By James Campbell and Michael J. Majoros, Public Utilities Fortnightly, April 1, , Vienna, VA. Snavely King Majoros O'Connor & Bedell, Inc. ('Snavely King') was founded in to conduct research on a consulting basis into the rates, revenues, costs and economic performance of regulated firms. His experience also includes the development of feasibility analyses, economic and life cycle cost evaluations of proposed and existing facilities, chilled water, hot water and steam hydraulics, biomass gasification modeling and design and project cost estimating.

an option to use fossil fuel resources to provide energy and meet the President’s climate goals. The Coal Program is focused on the development of CCS technologies, advanced power generation technologies and cross-cutting efforts, such as computational modeling .   Capacity Capital cost Capital cost/MW Residual Plant life Project duration Shut down duration PLF (0th Year) PLF (1st Year) MW Rs Million Rs Million Year Month Month % % 5 . The future of fossil fuel power plants will be characterized by an increasing need to adeptly manage new variables in a world of accelerating change. As wholesale power markets evolve, existing fossil generation assets may be required to adopt new operating patterns to support the continued reliability of the electricity grid. Championed evaluation of equipment reliability, maintenance, cost reduction and commercial availability for natural gas heat recovery steam generator power plants in the companies fossil-fuel : Sr. PGD Engineer - PGD Wind .

The Electric Power Research Institute (EPRI) conducts research, development, and demonstration projects for the benefit of the public in the United States and internationally. As an independent, nonprofit organization for public interest energy and environmental research, we focus on electricity generation, delivery, and use in collaboration with the electricity sector, its stakeholders and. Total U.S. primary energy consumption in was about quads, with fossil fuels—natural gas, petroleum, and coal—supplying about 85 percent, as shown in Table (EIA, a). 1 Liquid fuels (derived primarily from petroleum) were the main contributors, accounting for 40 percent of total consumption (see Figure in Chapter 1).This fossil-fuel dominance has held steady for decades.   Wind power's cost is 50 percent higher than combined-cycle natural gas plants. Solar is twice as expensive right now, even though its costs have come way down in the last 20 years.   There are significant differences in the methods employed by various organizations to estimate the cost of carbon capture and storage (CCS) systems for fossil fuel power plants. Such differences often are not readily apparent in publicly reported CCS cost estimates.

Estimating the capital costs of life extension for fossil-fuel steam plants Download PDF EPUB FB2

How to Improve Cost Estimates for Fossil Fuel Power Plants with CO 2 Capture and Storage Edward S. Rubin Total Capital Cost (excluded IDC) Construction interest Owner's costs Working capital Start-up costs Plant Book Life (yrs) 20 30 30 25 (FOAK) (NOAK).

Abstract. These generic guidelines were developed under the EPRI project for fossil-fuel power plant life extension - RP In addition to compiling the findings of four utility life extension projects, the guidelines incorporate worldwide experience in the residual life assessment and life extension of fossil-fuel power plant components.

Capital and operating costs were estimated by WorleyParsons based on simulation results and through a combination of existing vendor quotes, scaled estimates from previous design/build projects, or a combination of the two. Operation and maintenance (O&M) costs and the cost for transporting, storing, and monitoring (TS&M) carbon dioxide (CO.

cost, thermal efficiency and plant life. To some degree they are interdependent. Capital cost is usually measured as expenditure per installed capacity, that is, $ MW Since various components of the steam cycle have been developed over many years and been standardized to a great degree, capital costs for thermal power plants are fairly uniform.

1Total Plant Capital Cost (Includes contingencies and engineering fees) 2 January Dollars, 80% Capacity Factor, % Capital Charge Factor, Coal cost $/10 6 Btu.

CO 2 capture and storage (CCS) is receiving considerable attention as a potential greenhouse gas (GHG) mitigation option for fossil fuel power plants.

Cost and performance estimates for CCS are critical factors in energy and policy analysis. CCS cost studies necessarily employ a host of technical and economic assumptions that can dramatically affect results.

The updated overnight capital cost estimates for single unit IGCC plants with and without CCS both rose by approximately 19 percent.

This change can be primarily attributed to more recent information from current IGCC projects in various stages of the development process. In Sec. 6, we review the experience to date and then identify in Sec. 7 the major future markets for plant life extension.

In Sec. 8, the impact of these developments on the heavy electrical industry is examined. We do not cover life-extension of hydro-electric or nuclear plants, although both are potentially important.

Cycling start costs have a very large spread or variation. Median Cold Start cost for each of the generation types is about to 3 times the Hot Start Capital and Maintenance Cost. For the lower bound 75th percentile this ratio of Cold Start Cost versus Hot Start Cost is only slightly higher.

Capital has a vested interest in the endurance of the fossil fuel landscape. Although it is rational from the point of view of the planet to switch to renewables, it is completely irrational from the point of view of each individual capitalist.

And, of course, the fossil fuel industries have plenty of money to ensure they do continue. “Fossil Capital presents, with impressive detail and theoretical clarity, how the fossil fuel economy has come into being.

Malm does not reiterate commonplaces about climate change, but looks closely at its origins. This extremely well-written book is radical without being dogmatic.

The modification costs of the power plant that were necessary to support the BD3 capture facility rather than life extension costs were estimated based on a review of the expense items in the final project budget. It was determined that CCS related costs represented approximately 40% of the capital costs expended at the BD3 power island.

Chapter 2 Capital cost and levelized cost: the traditional approach to estimating the cost of power 20 Introduction 20 Capital costs 23 Regional capital cost fluctuations 31 Capacity factor 32 Financing capital cost 34 The levelized cost of electricity model 35 Interest, discount rate and present value 36 Levelized cost estimates Thermal Power Plants theme is a component of Encyclopedia of Energy Sciences, Engineering and Technology Resources in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty Encyclopedias.

The Theme on Thermal Power Plants presents three main topics which are then expanded into multiple subtopics, each as a s: 1. 1 U.S.

Energy Information Administration, Updated Capital Cost Estimates for Utility Scale Electricity Generating Plants 2 The term “overnight” refers to the cost of the project as if no interest were incurred during its construction. They are in dollars per megawatt-hour ( USD/MWh). These figures are estimates for plants going into service in The LCOE below is calculated based on a year recovery period using a real after tax weighted average cost of capital (WACC) of %.

For carbon intensive technologies 3 percentage points are added to the WACC. Technology Review, Capital Cost, O&M Cost Estimate TSS Consultants Page 1 of 13 Executive Summary This report outlines the specific criteria considered in providing a cost estimate for a prospective 12 MW gross biomass-fired power generation facility (with a co-located small-log sawmill using up to 2 MW power and steam).

The CCS Paradox: The Much Higher CO2 Avoidance Costs of Existing versus New Fossil Fuel Power Plants Article (PDF Available) in Energy Procedia December with 70 Reads. USER’S GUIDE FOR ESTIMATING DIRECT CARBON DIOXIDE EMISSIONS FROM FOSSIL FUEL COMBUSTION USING THE STATE INVENTORY TOOL N OVEMBER Prepared by: ICF.

Prepared for: State Energy and Environment Program, U.S. Environmental Protection Agency. This section of the User’s Guide provides instruction on using the CO. Figure Fossil Fuel Use and Life Expectancy in China and India: The consumption values for coal, oil, and natural gas in million tonnes of oil equivalent (MTOE) have been added and converted in kcal, using the conversion factor 1 MTOE = 10, kcal.

During andEPRI funded several major studies of aging fossil-fuel power plants. These were aimed both at evaluation and planning on the plant level (life optimization), and condition.

plant capital costs were determined. Operating and maintenance (O&M) costs, and the cost for transporting, storing and monitoring CO2 in the cases with carbon capture, were also estimated based on reference data and scaled estimates.

Levelized cost of electricity (LCOE) was determined for all plants assuming investor owned utility financing. The present chapter reviews those factors likely to influence coal use, especially U.S. domestic coal use, over the periods of interest to this study, namely, near-term (), mid-term (), and long-term () planning horizons.

The introductory section on markets for coal and. Summary of updated overnight capital costs estimates and comparison to information used in AEO Table 1 summarizes the updated cost estimates for the generic utility-scale generation plants represented in EIA’s model, including 7 powered by coal, 6 by natural gas, 3 by solar energy, 2.

Fossil fuel, hydrocarbon-containing material of biological origin that can be burned for energy. Fossil fuels, which include coal, petroleum, and natural gas, supply the majority of all energy consumed in industrially developed countries. Learn about the types of fossil fuels, their formation, and uses.

COMPARATIVE ASSESSMENTS OF FOSSIL FUEL POWER PLANTS WITH CO2 CAPTURE AND STORAGE Capital cost w/o capture ($/kW) Plant and process performance model are linked to a companion set of engineering economic models that calculate the capital cost and annual operating and maintenance (O&M) costs of.

Accounting for more than 90 percent of the world s energy supply, fossil fuels coal, petroleum, and natural gas are not an infinite resource. Formed by the lengthy decomposition of organic matter, fossil fuels are actually limited in availability. Still, nations across the globe are dependent upon the processing and utilization of these dwindling resources.

that the cost of life extension of a typical fossil power plant may be only 20 to 30o/o of the cost of constructing a new plant and that the benefit-to-cost ratios are very high (Ref 1). Similar estimates for other types of plants are not available. The term "life extension" has often been misunderstood.

The purpose of life­. The capital costs of renewable energy plants are almost 30 times as high as those of the natural gas plants that could have been built instead; when operating costs are also taken into account, onshore wind plants are times as expensive as gas plants and large-scale PV plants are times as expensive as gas plants.

The seer of Trier was also intensely curious about the relationship between water-wheels and early capitalism, and, like Malm, tried to estimate the ratio between steam and water power. Amongst Marx’s papers, one can even find a rotative engine intricately drawn by his own hand.

• Coal is a fossil fuel that is found in abundance. It is used in most power plants because it reduces the production cost to a great extent.

• Transportation of fossil fuels that are in liquid or gaseous forms is very easy. They are simply transported through pipes. • Construction of power plants .Capital costs. The authors wrote that current LCOE calculations assume that both renewable-energy and fossil-fuel investments operate with a 9 percent discount rate — but 9 percent is too high for renewables.

This is because several factors have lowered the discount rate for renewable [email protected]{osti_, title = {Estimating the effect of generating unit age on EFOR (equivalent forced outage rate) and EAF (equivalent availability factor) for coal-fired steam units operating between and }, author = {Corio, M R and South, D W and Stokes, H H}, abstractNote = {This paper highlights results from Phase 1 of a study conducted for the US Department of Energy, wherein we.