Here’s How You Can Pick The Best Power Generation Company
While
picking from resources such as wind, the Sun, coal, nuclear and
natural gas for generation of electricity, cost of each are compared
to make choice.
This is a rather complex process; load factor,
capacity, energy, and fixed and variable costs are required to be
factored in.
Check
the following parameters in the power
generation companies in India while
making your decision of which one is best suited to your needs:
-
Load Factor
This
is the percentage of hours that a power plant operates at its maximum
capacity in a particular time period. Base load power plants can
operate with load factors that usually exceed 75% and could even go
up to 90%.
These are typically fossil fueled
plants and nuclear plants. Intermediate loaded power plants operate
at annual load factors between 40 to 60%. These are usually coal
powered plants.
-
Capacity
For
a power plant its capacity indicates the energy delivering
capabilities. Plants with greater capacity can deliver more energy to
the grid in an hour.
-
Fixed and Variables Costs
Variable
costs change with revenue or volume of sales and fixed costs are not
dependent on these variables.
For
instance, fuel costs are variable costs. They are driven by the cost
of fuel being converted to electricity and the efficiency of the
process. Production of electricity can be increased by increasing
consumption of fuel.
Operation
and Maintenance (O&M) costs are an example of fixed costs. They
take into account staff wages, routine checkups and repairs,
insurance and property taxes. These costs are only affected by
yearly inflation rates.
Cost
comparison of different power generation companies must be done
keeping the above factors in mind. The risk associated with each
technology also plays a role in impacting your decision.
The
willingness to share relevant information and transparency on part of
a power generation company are key indicators of the quality of power
plant solutions provided by them.
These values are strongly upheld by
Thermax who is among the leading power
generation companies in India.
Thermax holds immense experience with a variety of fuels for its
power plant projects such as naphtha, natural gas, pet coke, biomass,
coal, lignite, industrial waste gases and washery rejects.
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