Title :
Economic Analysis of a Pumped Storage Project for Iran Generating System Based on Dynamic Modeling
Author_Institution :
Tavanir Co., Tehran
Abstract :
This paper proposes a dynamic model for evaluation of a pumped storage project (PSP). The optimal expansion policy is determined by considering different alternatives (types of units: rodbar PSP (RPSP), steam turbine, 2 types of gas turbine and a combined cycle). Based on this model dynamic assessment of different alternatives (over a 20 years period and with a target loss of load probability (LOLP)) provides economic justification for RPSP
Keywords :
power generation economics; pumped-storage power stations; Iran; PSP; dynamic modeling; economic analysis; pumped storage project; Dynamic programming; Economic forecasting; Fuel economy; Load forecasting; Natural gas; Power generation; Power generation economics; Shape; Thermal loading; Turbines; Pumped Storage-Generating System-Economic Analysis;
Conference_Titel :
Universities Power Engineering Conference, 2006. UPEC '06. Proceedings of the 41st International
Conference_Location :
Newcastle upon Tyne
Print_ISBN :
978-186135-342-9
DOI :
10.1109/UPEC.2006.367708
