Economic Appraisal and Cost-Benefit Analysis

Duarte, Mário

doi:10.1007/978-3-319-71926-9_16-1

Cited by 1 publication

(2 citation statements)

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“…Inception or capital cost incorporates the cost of equipment (i.e., design, engineering, manufacturing, transportation) and construction (i.e., physical construction, erection, installation, and commissioning) of the FACTS controller. Furthermore, it includes the costs of land acquisition, existing power infrastructure modification, and the cost of building construction for housing indoor equipment (Duarte 2020). Figure 10 shows the structure of inception costs for the FACTS controller (Sung et al 2000).…”

Section: Cost Analysis and Economic Viability Of Facts/ Racdsmentioning

confidence: 99%

“…The cost of reliability may be determined by estimating this benefit, the average forced and unforced outage rate, and the time needed to return to service (Duarte 2020). Furthermore, the cost of a specific FACTS device is dependent on device type and power rating, system voltage, administrative cost, ambient conditions such as temperature and pollution levels, and geography-specific physical limitations (Duarte 2020). Moreover, because of the need to import from other countries, their actual price in Nepal could be relatively high.…”

Section: Cost Analysis and Economic Viability Of Facts/ Racdsmentioning

confidence: 99%

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Applications of smart grid technology in Nepal: status, challenges, and opportunities

Bhattarai

Ghimire

Mainali

et al. 2022

Environ Sci Pollut Res

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Energy transformation and sustainability have become a challenge, especially for developing countries, which face broad energy-related issues such as a wide demand-supply gap, extensive fossil fuel dependency, and low accessibility to clean energy. Globally, smart grid technology has been identified to address these affairs and enable a smooth transition from traditional to smart energy systems, ensuring energy security. This paper studies the critical role in strengthening the power system, integrating renewable sources, electrifying the transport sector, and harnessing bioenergy. Evaluating the current energy scenario in Nepal, this article presents the smart grid as a solution to existing and future energy issues and the associated challenges during its implementation, urging concerned authorities to launch initiatives to promote it. Moreover, this study also lays the foundation for future research into the smart grid's potential to reform the power sector in other developing nations with abundant renewable energy sources and similar energy-related barriers. KeywordSmart grid technology • Microgrid • Renewable energy • Energy transition • Challenges • Nepal * Shukra Raj Paudel

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Section: Cost Analysis and Economic Viability Of Facts/ Racdsmentioning

confidence: 99%

Section: Cost Analysis and Economic Viability Of Facts/ Racdsmentioning

confidence: 99%