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Supercritical Carbon Dioxide Circulated EGS Combined with IGCC in New Mexico 9.5 IGCC- Economics: The cost estimating methodology is described below. Costs of the plant were based on the actual cost data obtained from the DOE report. Capital Cost: Capital Cost comprises of Bare Erected Cost (BEC), Total plant cost (TPC), total overnight cost (TOC) and Total As Spent Cost (TASC). BEC comprises of process equipment, on-site facilities and infrastructure that support the plant and the direct and indirect labor required for its construction. TPC comprises of the cost of services provided by the engineering, procurement and construction contractor and project and process contingencies in addition BEC. TOC comprises of owner‘s cost plus TPC. TASC consist of total expenditure incurred during capital expenditure period including their escalation.(DOE Report, 2010) Operation and Maintenance Cost: The operation and maintenance cost includes 1) Operatinglabor 2) Maintenance – material and labor 3) Administrative and support labor 4) Consumables 5) Fuel 6) Waste Disposal There are two principal components of Operation and Maintenance Cost. They are (1) Fixed Operating Cost – This is independent of power generation. (2) Variable Operating Cost – This is proportional of power generation. Contingency Process and project contingencies are taken into consideration in order to estimates to account for unknown costs that are not counted or unforeseen due to a lack of complete project definition and engineering. Contingencies are added because experience has shown that such costs are likely, and expected, to be incurred even though they cannot be explicitly determined at the time the estimate is prepared. (DOE Report, 2010) Penn State University | 9.5 IGCC- Economics: 113PDF Image | GREAT NECK WATER POLLUTION CONTROL DISTRICT NASSAU COUNTY, NEW YORK MICROTURBINE INSTALLATION FEASIBILITY STUDY
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