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Power Plant Economics
Rating: 4.2 out of 5(31 ratings)
258 students

Power Plant Economics

Economics for Engineers
Created byProf Dr Mahesh Shelar
Last updated 8/2022
English

What you'll learn

  • Learn concepts of Economics, Apply concepts of economics to power plants/utilities

Course content

1 section • 5 lectures • 1h 12m total length

  • Power Plant Economics 111:37

    Power sector, Energy sector is most capital intensive sector of any economy.Fossil fuel based power plants like coal fired power plants or large hydroelectric power plants also have typically very large investments.Cost of borrowing this capital influences the economic viability of such plants.It is therefore important to understand how the fixed costs of any power plant is calculated.This video lecture empowers the students to do exactly that .

  • Power Plant Economics Quiz 1
  • Power Plant Economics 213:20
  • Energy Economics
  • Power Plant Economics 318:53

    This video exposes the students to more interesting concepts like load curve and plant load factor. An example of Indian power sector is taken to explain the concepts of installed capacity, plant land factor, difference between energy generated and capacity of plants and its influence on the power plant economics .Students would be capable of analyzing their power sector using the data available in public domain and do back of envelope calculations on the power plant economics.

  • Power Plant Economics 3
  • Power Plant Economics 412:05

    This video lecture explains the concept of diversity factor and explores its influence on the capital cost ,Diversity factor of a particular load  would therefore inflence the fixed cost component of cost/kWh.

  • Power plant Economics 5 (Economic Scheduling of Power plants )17:02
  • Economic Scheduling

Requirements

  • High school science, basic mathematics

Description

Power plant economics course is designed for students in India and elsewhere to help them appreciate the concepts used in economic analysis of power plants. The course is an introductory course designed for the students, field engineers and anybody interested in power plants or economics. After completing this course ,students would be able to do back of the envelope calculations of the economic viability of power plants if the data in the form of capital cost, fuel costs and interest rates  is provided to them. An introduction to other related terms like capacity factor and diversity factor are also covered in this course. The course ends with an elementary treatment of a fascinating concept namely economic scheduling of power plants.Concept quizes at the end of every lecture would strengthen understanding of the corec concepts discussed in this course.

Who this course is for:

  • Diploma in Electrical and Mechanical Engineering students ,Field engineers working in Power sector, Energy sector, Undergraduate students in Mechanical and Electrical engineering

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