Power-plant life extension

Steve Thomas

Energy, 1988, vol. 13, issue 10, 767-786

Abstract: In this paper we examine the rationale for increased interest in extending the life of a power-plant well beyond its design lifetime. In particular, we examine the technical, economic and regulatory factors that have radically altered the attractiveness of retaining old plant compared to building new plant. The experience of refurbishment in the U.S.A. and U.K. is reviewed and the major markets for the 1990s are identified. It is concluded that for utilities, refurbishment represents a useful increase in the range of generating options open to them. The impact on the heavy electrical industry is likely to be less favourable, leading to a need for reductions in capacity and a continuation of the trend towards mergers and international collaborations that has been a feature of the past 20 yr.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:13:y:1988:i:10:p:767-786

DOI: 10.1016/0360-5442(88)90060-6

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