Using Cost Saving Percentage Improvement Approach to Determine the Best Choice of Generation Expansion Plan: A Case with Egbin Power Plant

Shaakaa, T. C.; Eneh, I. I.

Using Cost Saving Percentage Improvement Approach to Determine the Best Choice of Generation Expansion Plan: A Case with Egbin Power Plant

Authors: Shaakaa, Tiza C., Eneh, I. I

Journal: American Journal of Applied Sciences and Engineering (AJASE), ISSN 2766-7596

Citation: AJASE 2(5), 2021-06-10.

PDF: Download full-text PDF

Type: Original Research

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

Full Text

Published by AIR JOURNALS. Open Access under CC BY 4.0.