IDEAS home Printed from https://ideas.repec.org/a/epw/energy/v4y2024i2id7144.html

Operational Performance Analysis of Generating Power Plant

Author

Listed:
  • Mojisola Aderenike Bolarinwa

    (University of Ibadan, Nigeria)

  • Fitz-Gerald Udensi

    (University of Ibadan, Nigeria)

Abstract

Human existence is heavily dependent on availability of electricity, and as such, poor performance of electric power systems in Nigeria often leads to unfavourable circumstances resulting from the failure of most electricity dependent systems. This study appraises the power generation system of a steam turbine power plant in Nigeria. Operational performance analysis was performed using productivity, profitability, and price recovery indices as measures of performance. Operational analyses revealed the average productivity, profitability, and price recovery indices of the power plant to be 1.05, 1.06, and 1.19, respectively, while their corresponding monetary contributions were ₦26,638,673,643.35; ₦39,854,453,032.67 and ₦13,215,779,389.32. On the long run, it was discovered that the performance indices and their monetary contributions were directly related. In conclusion, the necessity of performance analysis as a critical appraisal tool has been established. Carrying out similar actions across the power system value chain will ensure the optimum operation of the entire system.

Suggested Citation

Handle: RePEc:epw:energy:v:4:y:2024:i:2:id:7144
DOI: 10.24018/ejenergy.2024.4.2.144
as

Download full text from publisher

File URL: https://eu-opensci.org/index.php/ejenergy/article/view/7144
File Function: Abstract page
Download Restriction: no
File URL: https://eu-opensci.org/index.php/ejenergy/article/download/7144/1071
File Function: Full text
Download Restriction: no
File URL: https://libkey.io/10.24018/ejenergy.2024.4.2.144?utm_source=ideas
LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
---><---

More about this item

Keywords

;
;
;
;

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:epw:energy:v:4:y:2024:i:2:id:7144. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Support Team (email available below). General contact details of provider: https://eu-opensci.org/index.php/ejenergy .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.