Techno-Economic Analysis of the Oxy-Fuel Combustion Power Cycles with Near-Zero Emissions

Vladimir Kindra, Andrey Rogalev, Evgeny Lisin, Sergey Osipov and Olga Zlyvko
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Vladimir Kindra: Department of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, Russia
Andrey Rogalev: Department of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, Russia
Evgeny Lisin: Department of Economics in Power Engineering and Industry, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, Russia
Sergey Osipov: Department of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, Russia
Olga Zlyvko: Department of Innovative Technologies of High-Tech Industries, National Research University “Moscow Power Engineering Institute”, 111250 Moscow, Russia

Energies, 2021, vol. 14, issue 17, 1-22

Abstract: This paper is devoted to improvement of environmental safety in hydrocarbon-firing TPPs. Despite the development of renewable power sources, the number of traditional power production facilities continues its growth. The toxic emission mitigation in traditional TPPs has been deeply investigated, but the problem of greenhouse gas atmospheric emissions is of topical interest. Oxy-fuel technology reduces CO 2 emissions and is highly efficient and environmentally safe. Also, it requires relatively low capital investments. Thermal efficiency analysis shows that the Allam cycle facilities have the best efficiency. Their thermodynamic parameters can be optimized with minimal primary costs and capital investments. This newly developed analysis was used to compare the investment efficiency of projects for the buildup of oxy-fuel and combined cycle facilities. Without emission quote payments, the NPV of combined cycle projects is 16% higher, as well as having a lower DPP. The electricity production primary costs in oxy-fuel and combined cycle facilities are similar, which reflects the technologies’ similarity and similar fuel costs. Implementation of carbon dioxide emission quote marketing makes oxy-fuel facilities more investment-attractive. Parametric studies show that when Russia implements CO 2 emission quotes compatible with the current EU level, an oxy-fuel facility erection project will be financially reasonable. Thus, it can be concluded that the construction of oxy-fuel power plants is one of the most promising and investment-attractive solutions to reduce CO2 emissions in the energy sector for large industrialized countries. The managerial consequences of their implementation will include the stabilization of greenhouse gas emissions while ensuring the financial stability of the energy industry.

Keywords: TPP; near-zero emission technologies; oxy-fuel combustion power cycles; carbon dioxide capture; carbon dioxide emission quotes payment; technical and economic assessment (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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