Using Cost Saving Percentage Improvement Approach to Determine the Best Choice of Generation Expansion Plan: A Case with Egbin Power Plant
- Post by: airjournals
- June 10, 2021
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ABSTRACT
Expansion planning is the determination of generation expertise needed to be included to hitherto available consumable power. The aim is to meet an increasing demand in energy availability with respect to a developmental period. In this paper, cost saving percentage improvement (CSPI) approach is used to determine the best choice of power generation expansion plan. Deterministic optimization is used in formulating the best optimization arrangements. The cost analysis of the different optimization plans was done followed by percentage cost savings computations. The best choice of power generation expansion plan was deduced and identified based on generated results. The research is Meta analytic.
Keywords: Expansion Planning, Cost Saving Percentage Improvement (CSPI), Deterministic Optimization, Meta Analytic
Authorship
Shaakaa, Tiza C. and Eneh, I. I.
Department of Electrical and Electronic Engineering,
Enugu State University of Science and Technology (ESUT), Enugu, Nigeria