2017
DOI: 10.4236/epe.2017.910041
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Probabilistic Exergoeconomic Analysis of Transcorp Power Plant, Ughelli

Abstract: In this study, the probabilistic exergoeconomic analysis was performed for four industrial gas turbine (GT) units comprising two (GT16 and GT19) units of 100 MW GE engine and two (GT8 and GT12) units of 25 MW Hitachi engine at Transcorp Power Limited, Ughelli. These four industrial GT engine units were modelled and simulated using natural gas as fuel. The design point (DP) simulation results of the modelled GT engines were validated with the available DP thermodynamic data from original equipment manufacturer … Show more

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Cited by 2 publications
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“…Exergoeconomic accounting is the determination and assignment of economic values to the exergy flows of a device, process, or system, while exergoeconomic analysis involves the estimation of the cost of product flow and the quantification of cost rate due to irreversibility, which is referred to as the hidden cost [ 20 ]. Various exergoeconomic analysis approaches have been developed [ 21 , 22 , 23 ] and applied in power system innovations and optimization [ 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 ]. However, few published works in the literature focus on the application of exergoeconomics to manufacturing.…”
Section: Introductionmentioning
confidence: 99%
“…Exergoeconomic accounting is the determination and assignment of economic values to the exergy flows of a device, process, or system, while exergoeconomic analysis involves the estimation of the cost of product flow and the quantification of cost rate due to irreversibility, which is referred to as the hidden cost [ 20 ]. Various exergoeconomic analysis approaches have been developed [ 21 , 22 , 23 ] and applied in power system innovations and optimization [ 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 ]. However, few published works in the literature focus on the application of exergoeconomics to manufacturing.…”
Section: Introductionmentioning
confidence: 99%
“…This as a result of massive emissions from thermal power plants during operation. [3][4][5][6] The continued emission of CO2 to the atmosphere as a result of energy requirements is leading to global warming, and Nigeria is not an exception [7][8][9]. The influence of global warming is being felt even in Nigeria, already resulting in desertification and flooding.…”
Section: Introductionmentioning
confidence: 99%