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Cost-Benefit Analysis for Investment Decisions: Chapter 19 (An Integrated Appraisal of Combined Cycle Versus Single Cycle Electricity Generations Technologies)


  • Glenn Jenkins

    (Queen's University, Canada and Eastern Mediterranean University, Cyprus)

  • Chun-Yan Kuo

    (Queen's University, Canada)

  • Arnold C. Harberger

    (University of California, Los Angeles, USA)


This study undertakes an integrated financial, economic and distributive appraisal of an Independent Power Producer (IPP) project to generate electricity. The critical issue is that the private sponsors of the IPP have proposed to build a single cycle electricity generation plant that is expected to start operating with an 80 percent load factor. A comparative analysis is undertaken a single cycle oil fuel plant to compared to a combined cycle oil fuel plant that would produce the same amount of electricity per year. This analysis is made from the point of view of each of the major stakeholders affected, namely the sponsor of the IPP, the public utility that is the off-taker of the electricity, the government and consumers.

Suggested Citation

  • Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 19 (An Integrated Appraisal of Combined Cycle Versus Single Cycle Electricity Generations Technologies)," Development Discussion Papers 2011-19, JDI Executive Programs.
  • Handle: RePEc:qed:dpaper:212

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    More about this item


    Integrated Appraisal; Public Electric Utility; Independent Power Producer; Single Cycle Generation Plant; Fuel Efficiency; Economic Cost.;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate


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