Evaluation of System for Economically Viable Thermal Power Plant Operation

Abstract

Taking into consideration the impacts of global warming and strict European Union policy 2030 climate & energy framework, it is imminent for conventional thermal power plants to modernize their infrastructure for achieving economically viable operation on demanding electricity market. In the scope of the paper is presented author’s individual research work - economic evaluation of conventional thermal power plant operation with solar central receiver system and flue gas desulphurization installation. The goal of research work is to determine whether the designed model is profitable on current European electricity market or not. Based on analytical calculations and gathered numerical data for the designed model, a program code was generated in mathematical environment Matlab, that enables simulation of operation for the designed model in the annual time period. Positive and pessimistic scenarios were analyzed. Results are presented numerically and also graphically and show a positive contribution to the economically viable operation of conventional thermal power plants.

Keywords

• thermal power plant
• economically viable operation
• a solar central receiver system
• renewable technologies
• flue gas desulphurization