Technical and Economic Evaluation of China’s Integrated Gasification Combined Cycle: The Case of Yantai Project

Dapeng Liang; Xinpeng Xing; Weidong Shen

doi:10.4236/lce.2013.43012

Home > Journals > Business & Economics | Earth & Environmental Sciences > LCE

Low Carbon Economy > Vol.4 No.3, September 2013

Technical and Economic Evaluation of China’s Integrated Gasification Combined Cycle: The Case of Yantai Project ()

Dapeng Liang, Xinpeng Xing, Weidong Shen

.
School of Management, Harbin Institute of Technology, Harbin, China.

DOI: 10.4236/lce.2013.43012 PDF HTML 4,179 Downloads 6,445 Views Citations

Abstract

Due to the advantages such as high efficiency of electricity generation and high degree of cleanness, Integrated Gasification Combined Cycle (IGCC) power plant represents the direction of development for all fired power plants in China. This essay analyzes the technical requirements and economic attributes of the Chinese IGCC power plant of 400 MW level in plan. It is both necessary and possible for China to develop IGCC power plant with the technical foundation available. The biggest obstacle facing the development of IGCC is the huge amount of investment and high cost of electric generation. According to the sensitivity analysis, investment is the main element affecting the cost of power generation. Though it is difficult to control investment in the present phase, with restricting elements like technique and facility, smooth operation of the project could still be ensured through government’s preferential policies toward IGCC power plant, such as setting price for clean electricity, offering investment subsidies and preferential taxes. The premise for such policies is a determined and consistent development strategy of IGCC technique.

Keywords

IGCC; Technical Economic Evaluation; Coal Fired Power Plant

Share and Cite:

D. Liang, X. Xing and W. Shen, "Technical and Economic Evaluation of China’s Integrated Gasification Combined Cycle: The Case of Yantai Project," Low Carbon Economy, Vol. 4 No. 3, 2013, pp. 117-124. doi: 10.4236/lce.2013.43012.

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1]	H. W. Liu, W. D. Ni, Z. Li and L. W. Ma, “Strategic Thinking on IGCC Development in China,” Energy Policy, Vol. 36, No. 1, 2008, pp. 1-11. doi:10.1016/j.enpol.2007.08.034
[2]	L. F. Zhao, Y. H. Xiao, K. S. Gallagher, B. Wang and X. Xu, “Technical, Environmental, and Economic Assessment of Deploying Advanced Coal Power Technologies in the Chinese Context,” Energy Policy, Vol. 36, No. 7, 2008, pp. 2709-2718. doi:10.1016/j.enpol.2008.03.028
[3]	C. Chen and E. Rubin, “CO₂ Control Technology Effects on IGCC Plant Performance and Cost,” Energy Policy, Vol. 37, No. 3, 2009, pp. 915-924. doi:10.1016/j.enpol.2008.09.093
[4]	D. X. Zhao, “Chinese IGCC Generation Technology Current Application and Policy Suggestion,” Electric Power Technologic Economics, Vol. 19, No. 1, 2007, pp. 40-43.
[5]	S. S. Xu and S. R. Wei, “IGCC and Novel Type Industrialization of Coal Power,” Shanghai Electric Power, Vol. 5, No. 2, 2005, pp. 446-451.
[6]	W. Y. Wang and Z. Fang, “Chinese Thermal Power Structure Optimization and Upgrade Technology Research,” Collection of the 40th anniversary of the Chinese Society of power Engineering, 2002, pp. 161-181.
[7]	G. R. Arcia, P. Douglas, E. Croiset and L. G. Zheng, “Techno Economic Evaluation of IGCC Power Plants for CO₂ Avoidance,” Energy Conversion and Management, Vol. 47, No. 15-16, 2006, pp. 2250-2259. doi:10.1016/j.enconman.2005.11.020