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In economic analysis of any engineering project discounting is a standard procedure used in cost-benefit analysis. With careful selection of the assumptions used in cost-benefit analysis it can be made to support, or oppose, almost anything. This is particularly so when the decision being studied involves some cost or benefit, for which there is no market price or which, because of an externality,...
This paper presents a methodology and the results of a study carried out to evaluate the long-term load management benefits of smart grid in terms of avoided cost of generation, transmission and distribution. The savings in transmission and distribution losses and environmental benefits are also estimated. These benefits are then compared with an estimated cost of upgrading the grid to make it smarter...
Utilizing solar radiation data of 25 locations in Oman, RETScreen software is used to study the economic prospects of solar energy. A solar PV power plant of 5-MW is considered at each of the 25 locations. The results show that the renewable energy produced each year from the PV power plant varies between 9000 MWh at Marmul to 6200 MWh at Sur while the mean value is 7700 MWh of all the 25 locations...
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