Project Valuation in the Geothermal Power Plant Project: A Comparison of Expected Net Present Value and Static Net Present Value Approaches

2018 ◽  
Author(s):  
Reza A Bilqist ◽  
M. Dachyar ◽  
Farizal Farizal
2021 ◽  
Vol 13 (4) ◽  
pp. 296-303
Author(s):  
B. D. Gemechu ◽  
M. E. Orlov

This paper presents a techno-economic assessment of a hybrid solar-geothermal power plant that is modelled taking into account the available geothermal and solar energy resources at the Tendaho-1 (Dubti) geothermal field in Ethiopia. The hybrid power plant combines a single-flash geothermal power plant with a parabolic trough solar thermal plant to increase the energy level of geothermal steam. The geothermal fluid from one of the production wells at the geothermal site and the direct normal solar irradiance prevailing in the area offer the primary sources of energy used in the modelling. A thermodynamic analysis based on the principles of mass and energy conservation and a figure of merit analysis that allows evaluating the energy and economic performance of the hybrid power plant were performed. The technical and economic efficiency assessment was performed by comparing the performances of the hybrid power plant with a power system consisting of stand-alone geothermal and solar power plants. Results of the techno-economic assessment showed that for the same amount of energy inputs, depending on the available thermal energy storage capacity, a hybrid power plant generates up to 10.4% more electricity than a power system of two stand-alone power plants while generating a higher net present value at a lower cost of generation. In addition, the hybrid power plants with and without thermal storage system exhibit an economic figure of merit values of 2.62 and 3.42, i.e. the cost of solar resource per kWh of electricity in the hybrid energy system is reduced by 70.5% and 61.5%, respectively.


2021 ◽  
Vol 13 (4) ◽  
pp. 1935
Author(s):  
Vitantonio Colucci ◽  
Giampaolo Manfrida ◽  
Barbara Mendecka ◽  
Lorenzo Talluri ◽  
Claudio Zuffi

This study deals with the life cycle assessment (LCA) and an exergo-environmental analysis (EEvA) of the geothermal Power Plant of Hellisheiði (Iceland), a combined heat and power double flash plant, with an installed power of 303.3 MW for electricity and 133 MW for hot water. LCA approach is used to evaluate and analyse the environmental performance at the power plant global level. A more in-depth study is developed, at the power plant components level, through EEvA. The analysis employs existing published data with a realignment of the inventory to the latest data resource and compares the life cycle impacts of three methods (ILCD 2011 Midpoint, ReCiPe 2016 Midpoint-Endpoint, and CML-IA Baseline) for two different scenarios. In scenario 1, any emission abatement system is considered. In scenario 2, re-injection of CO2 and H2S is accounted for. The analysis identifies some major hot spots for the environmental power plant impacts, like acidification, particulate matter formation, ecosystem, and human toxicity, mainly caused by some specific sources. Finally, an exergo-environmental analysis allows indicating the wells as significant contributors of the environmental impact rate associated with the construction, Operation & Maintenance, and end of life stages and the HP condenser as the component with the highest environmental cost rate.


Geothermics ◽  
2021 ◽  
Vol 96 ◽  
pp. 102203
Author(s):  
Motoaki Morita ◽  
Ayumu Yamaguchi ◽  
Sota Koyama ◽  
Shinichi Motoda

2004 ◽  
Vol 30 (2) ◽  
pp. 200-205 ◽  
Author(s):  
Ken-Ichiro SOTOWA ◽  
Katsuki KUSAKABE ◽  
Yoshikazu YAMAZAKI ◽  
Shigeharu MOROOKA ◽  
Tatsuro HARADA ◽  
...  

Sign in / Sign up

Export Citation Format

Share Document