THERMO-ECONOMIC ANALYSIS OF A COMBINED CYCLE THERMAL POWER PLANT

Abstract

Energy drives modern growth. All systems rely on it. Historiography shows that countries with limited energy grow more slowly. Increase energy availability. Our nation is similar. Too long, our nation has been energy-deficient. We must alter this. Scientists worldwide are working to increase energy supplies. New energy-creation strategies are investigated constantly. Globally, renewable energy development is accelerated. Researchers are reducing reliance on fossil fuels for power. Sustainability of electricity production is also a concern. If natural resources aren't used properly and effectively, they may become uneconomical. Today, fossil-fueled thermal power plants produce much of the world's energy. To make the process "sustainable," we must reduce our reliance on fossil fuels. Analysing existing thermal power plants helps us find ways to enhance their efficiency. Increasing energy output per unit of fuel should reduce capital and operational costs. This is the basis for THERMOECONOMIC ANALYSIS OF POWER GENERATION SYSTEMS, especially COMBINED CYCLE SYSTEMS (CCPP). This analysis addresses physical and intangible costs and thermal power plant efficiency. As a system's operating temperature rises, its thermodynamic efficiency improves. Many design aspects must be moved. This research evaluates combined cycle power plant thermo-economics. Prior study provided temperature, pressure, mass flow rate, work generated, and plant efficiency (which will be discussed in the Literature Review). MATLAB/Simulink was used to simulate the power plant's segments and subassemblies. These models are verified with CCPP data. Parametric study used the proven model to predict plant performance.