Scope: In the highly capital-intensive electricity supply industry, it is essential that both engineers and managers understand the methodologies of project evaluation in order to comprehend and analyse investment proposals and decisions. This fully revised and updated edition of Economic Evaluation of Projects in the Electricity Supply Industry (IEE, 1996) takes a broad introductory approach, covering market and environmental issues, financial analysis and evaluation and clean environmental technologies and costs. New topics include electricity trading and risk management, evolving electricity utilities and new and future generation technologies in a carbon-constrained world.
Written primarily for engineers to assist them in evaluating economics of power projects and their environmental implications, the book will also be of value to economists and financial analysts needing an understanding of the area.
The book will be invaluable to engineers working on projects in the electricity supply industry, as well as economists and financial analysts seeking an understanding of issues encountered in engineering projects. It will also be useful for postgraduate electrical power engineering students.
Global Electrical Power Planning, Investments and Projects. Considerations in Project Evaluation. Time Value of Money (Discounting). Choice of the Discount Rate. Financial Evaluation of Projects. Considerations in Project Evaluation. Economic Evaluation of Projects. Environmental Considerations and Cost Estimation in Project Evaluation. Electricity Generation in a Carbon Constrained World. Economics of Reliability of the Power Supply. Electricity Trading. Evolvement of the Electricity Sector - Utility for the Future. Project Analysis: Evaluation of Risk and Uncertainty. Risk Management - in Electricity Markets.