Received:
2018-06-15 | Accepted:
2018-09-18 | Published:
2018-09-30
Title
Entrepreneurial assessment of sustainable development technologies for power energy sector
Abstract
This paper provides a comparative entrepreneurial analysis of modern combined-cycle power generation technologies and future-oriented high-efficiency oxy-fuel combustion cycles with zero emissions. Considering the main criteria for sustainable development, we identify the generation technology that provides the lowest cost of electricity supply and the maximum economic efficiency of investments with equally high environmental indicators. Based on a comprehensive literature review and comparison of the technical and economic parameters of modern and forward-looking generation technologies under different economic conditions, the paper develops and presents the path of increasing the technical level of generation technologies, corresponding to the conditions of sustainable development at each moment of time. Furthermore, the paper analyses the technical and economic characteristics of the combined-cycle technology successfully applied in the world's energy systems and advanced oxy-fuel combustion cycles. In addition, the paper proposes a multifactorial economic-mathematical model that allows to evaluate the performance indicators of any of the considered technologies in accordance with the criteria for sustainable development.
Keywords
sustainable development, power industry, greenhouse gas, power generation, economic efficiency, investment
JEL classifications
O33
, Q10
, Q40
URI
http://jssidoi.org/jesi/article/229
DOI
HAL
Pages
429-445
Funding
This study was conducted by National Research University "Moscow Power Engineering Institute" and was supported by the Russian Science Foundation under Agreement No. 17-79-20371 dated by July 28th, 2017.
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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