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A Complete Prefeasibility Evaluation of On-Site Energy Generation Systems

Author

Listed:
  • Gonzalo Romero Garcia

    (Department of Mechanical Engineer, Faculty of Engineering, Universidad Francisco de Paula Santander, Avenida Gran Colombia No. 12E-96, C cuta, Norte de Santander, Colombia)

  • Dora Villada Castillo

    (Agro-industrial Engineer, Faculty of Engineering, Universidad Francisco de Paula Santander, Avenida Gran Colombia No. 12E-96, C cuta, Norte de Santander, Colombia.)

  • Jhan Piero Rojas

    (Depatment of Civil Engineer, Faculty of Engineering, Universidad Francisco de Paula Santander, Avenida Gran Colombia No. 12E-96, C cuta, Norte de Santander, Colombia.)

Abstract

The recent global concern to mitigate the ecological impact on energy production has promoted the search for alternatives that allow a better use of resources. In this panorama, the cogeneration process appears as a solution seen with good eyes thanks to its great efficiency, which is why many institutions and companies have opted for the transition from the traditional system of energy production to cogeneration. This article develops the selection of the best alternative among different suppliers to implement a cogeneration system in an energy production plant, taking into account economic factors, selecting the one that represents the greatest profitability in the shortest time.

Suggested Citation

  • Gonzalo Romero Garcia & Dora Villada Castillo & Jhan Piero Rojas, 2022. "A Complete Prefeasibility Evaluation of On-Site Energy Generation Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 474-479, March.
    • Handle: RePEc:eco:journ2:2022-02-53
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    References listed on IDEAS

    as
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    5. Frangopoulos, Christos A., 1994. "Application of the thermoeconomic functional approach to the CGAM problem," Energy, Elsevier, vol. 19(3), pages 323-342.
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    More about this item

    Keywords

    Cogeneration; Internal Rate of Return; Net Present Value;
    All these keywords.

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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