Thermoeconomic analysis of a power/water cogeneration plant

Cogeneration plants for simultaneous production of water and electricity are widely used in the Arabian Gulf region. They have proven to be more thermodynamically efficient and economically feasible than single purpose power generation and water production plants. Yet, there is no standard or universally applied methodology for determining unit cost of electric power generation and desalinated water production by dual purpose plants.A comprehensive literature survey to critically assess and evaluate different methods for cost application in power/water cogeneration plants is reported in this paper. Based on this analysis, an in-depth thermoeconomic study is carried out on a selected power/water cogeneration plant that employs a regenerative Rankine cycle. The system incorporates a boiler, back pressure turbine (supplying steam to two MSF distillers), a deaerator and two feed water heaters. The turbine generation is rated at 118 MW, while MSF distiller is rated at 7.7 MIGD at a top brine temperature of 105 °C. An appropriate costing procedure based on the available energy accounting method which divides benefits of the cogeneration configuration equitably between electricity generation and water production is used to determine the unit costs of electricity and water. Capital charges of common equipment such as the boiler, deaerator and feed water heaters as well as boiler fuel costs are distributed between power generated and desalinated water according to available energy consumption of the major subsystems. A detailed sensitivity analysis was performed to examine the impact of the variation of fuel cost, load and availability factors in addition to capital recovery factor on electricity and water production costs.