Life cycle cost of biomass power plant: Monte Carlo simulation of investment

Odavić, Petrana; Zekić, Vladislav; Milić, Dragan

doi:10.5937/ekopolj1702587o

Cited by 10 publications

(7 citation statements)

References 9 publications

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“…______________________________________________________________________________ 114 The initial cost depends largely on investments in the plant and equipment, which account for 83.6% of the total initial cost. The obtained results are consistent with the results indicated in other similar studies (Odavić et al, 2017;Gasol et al, 2010;Carneiro & Ferreira, 2012). Most of the authors who have dealt with similar subjects point to the difficulties in analyzing the total initial cost and determining the average values.…”

Section: ____________________________________________________________...supporting

confidence: 91%

Cost of Environmental Protection: A Case Study of a Biomass Power Plant in Serbia

Milić

Rodić

Vukelić

et al. 2022

Contemporary Agriculture

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Summary Biomass power production offers significant potential for the Republic of Serbia, especially for AP Vojvodina, as it is an agricultural area with large quantities of plant residues. However, in order to use these resources sustainably, the price of the produced energy should include the cost related to environmental protection. The aim of this paper is to use the LCC method to determine the cost arising from environmental protection in a biomass power plant. The results show that the investments in equipment for reducing pollution in a biomass power plant of the capacity 1MW accounts for 1.08% of the total investments. Also, the environmental cost accounts for the lowest share in the cost price. If investments are (voluntarily) made in purifier filters, they amount to 1.53 EUR/1,000kWh (1.52% of the total cost). If the investments in filters are excluded from the calculation (as under the existing legislation these filters in Serbia are still not mandatory), then the environmental cost is 0.91 EUR/kWh (only 0.91% of the cost price). Therefore, in financial terms the cost of environmental protection does not pose, as is often assumed, a threat for business of such a plant and socially responsible producers should not try to avoid them.

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Section: ____________________________________________________________...supporting

confidence: 91%

Cost of Environmental Protection: A Case Study of a Biomass Power Plant in Serbia

Milić

Rodić

Vukelić

et al. 2022

Contemporary Agriculture

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“…The most commonly used method is to apply the coefficient of specific investment costs ic, defined per installed power unit. According to the literature, the ic vary in many values -from 0.31•10 6 €/MW to 3.5•10 6 €/MW [19,[32][33][34][35][36]. It is worth noting that investments largely depend on the plant size.…”

Section: Investment Costsmentioning

confidence: 99%

“…The maintenance costs Mc can be set from 4% to 10% of the investment costs. For this calculation, the specific mc = 0.009 €/kWh will check whether the costs are within the relevant range [36]. For the installed power, the Mc will be:…”

Section: Major Operating Costsmentioning

confidence: 99%

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Mine waters purification by biosorption coupled with green energy production from wood and straw biomass

Stanković

Gorgievski

Božić

et al. 2022

CI&CEQ

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A new process for mine water purification has been proposed, based on biosorption followed by burning of the loaded biosorbents. Wheat straw and sawdust of trees are both convenient as biosorbents in the proposed process. Biosorption was performed in two stages, in a cross-flow regime between the mine water and the biosorbent. The achieved copper adsorption de-gree was > 95%. Based on the mine water volume and its chemical composition, the estimated amount of the biosorbent was 60.000 t/year. The cogenerative mode of the loaded biosorbent combustion was considered for green energy production. For recovery of metals, which are concentrated in the ash, it must be processed separately. Several possibilities of the ash pro-cessing were proposed and discussed. For an annual volume of mine water and the copper content in it, the balance of mass and energy of the process were both estimated, giving some economic data on the process efficiency. The analysis of the revenues and costs, based only on the energy value produced by the combustion of the biosorbent, has shown that the process can economically be viable regardless of the value of the recovered metal.

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“…The flood tides that enter the Gulf of Oman through the channel of Hormuz move at high speeds and tend to be continuous making the use of tidal energy in Oman also advantageous [17][18]. According to The Research Council (TRC), biomass materials are available in both the Northern and Southern parts of Oman [19][20][21][22]. These biomass materials come in the form of both agricultural waste and wastewater.…”

Section: Introductionmentioning

confidence: 99%

Assessment of the Cost of various Renewable Energy Systems to Provide Power for a Small Community: Case of Bukha, Oman

Okedu

Al-Hashmi

2018

ijSmartGrid

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Renewable sources are clean, non-polluting, alternative energy sources, hence, they are considered to be environmentally friendly. This paper presents an assessment of the cost of various renewable energy systems in order to provide power solution for Bukha, small community located in Masandam, in the Sultanate of Oman. The following renewable energy sources are available in the small community; solar, wind, biomass, hydro and geothermal. The community is made up of about 1,670 inhabitants. A detailed analysis of the cost of power generation considering all the renewable energy schemes were carried out based on the total power consumption of the community. The metrics of judging the cost schemes were the net present values, the internal rate of return, the salvage values, the depreciation rate and the payback period based on the life cycle of the plants. The schemes were all assumed to have a life span of 20 years. The standard of judging the costing schemes were based on the data provided by the International Renewable Energy Agency for Asia region. Some schemes offer good advantages over the other schemes, based on the costing criteria considered. However, no scheme has all the benefits in providing power solutions to the small community.

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Life cycle cost of biomass power plant: Monte Carlo simulation of investment

Abstract: Summary Assessment of life cycle cost is considered as an important instrument for designing

Cited by 10 publications

References 9 publications

Cost of Environmental Protection: A Case Study of a Biomass Power Plant in Serbia

Cost of Environmental Protection: A Case Study of a Biomass Power Plant in Serbia

Mine waters purification by biosorption coupled with green energy production from wood and straw biomass

Assessment of the Cost of various Renewable Energy Systems to Provide Power for a Small Community: Case of Bukha, Oman

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