IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v59y2016icp1195-1208.html
   My bibliography  Save this article

Energy efficiency assessment of fixed asset investment projects – A case study of a Shenzhen combined-cycle power plant

Author

Listed:
  • Yingjian, Li
  • Abakr, Yousif A.
  • Qi, Qiu
  • Xinkui, You
  • Jiping, Zhou

Abstract

The assessment of fixed asset investment projects of energy conservation is based on a scientific and systematic approach to analyze the energy production, consumption and management and helps to analyze whether the use of energy is in line with the national and local industrial policies and whether the project design meets China׳s energy saving design outlines and industry standards. The level of energy consumption is compared to the domestic and international advanced levels regarding the project energy use and process analysis, in all aspects of energy production and energy consumption, taking technically feasible, economically reasonable and environmentally and socially responsible measures and effective and rational use of energy, to reduce consumption and losses and to stop waste, while investigating if the project has a certain advanced and rational use of energy. This study provides a full consideration of whether there is a scientific and rational use of energy to avoid low-level repetition construction, to avoid blind expansion trends, and to promote the upgrading of industrial structure. This paper takes as an example a gas turbine power plant in Shenzhen as an assessment case study of the potential energy savings. The project is expected to have an annual power supply of 37.89×108kWh and an annual heat supply of 5.43×104GJ. The consumption of power generation in tons of coal equivalent units is expected to reach 208g per kWh. The comprehensive annual average thermal efficiency is 77.16%, and the average heat-to-power ratio is 40.65%. These technical indicators are thought to be one of the best compared to similar level projects in the country.

Suggested Citation

  • Yingjian, Li & Abakr, Yousif A. & Qi, Qiu & Xinkui, You & Jiping, Zhou, 2016. "Energy efficiency assessment of fixed asset investment projects – A case study of a Shenzhen combined-cycle power plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1195-1208.
    • Handle: RePEc:eee:rensus:v:59:y:2016:i:c:p:1195-1208
    DOI: 10.1016/j.rser.2016.01.042
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032116000721
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2016.01.042?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Balitskiy, Sergey & Bilan, Yuriy & Strielkowski, Wadim & Štreimikienė, Dalia, 2016. "Energy efficiency and natural gas consumption in the context of economic development in the European Union," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 156-168.
    2. Kotowicz, Janusz & Bartela, Łukasz, 2011. "The influence of the legal and economical environment and the profile of activities on the optimal design features of a natural-gas-fired combined heat and power plant," Energy, Elsevier, vol. 36(1), pages 328-338.
    3. Schicktanz, M.D. & Wapler, J. & Henning, H.-M., 2011. "Primary energy and economic analysis of combined heating, cooling and power systems," Energy, Elsevier, vol. 36(1), pages 575-585.
    4. Carapellucci, Roberto & Giordano, Lorena, 2015. "Upgrading existing coal-fired power plants through heavy-duty and aeroderivative gas turbines," Applied Energy, Elsevier, vol. 156(C), pages 86-98.
    5. Salahuddin, Mohammad & Gow, Jeff & Ozturk, Ilhan, 2015. "Is the long-run relationship between economic growth, electricity consumption, carbon dioxide emissions and financial development in Gulf Cooperation Council Countries robust?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 317-326.
    6. Pang, Rui-Zhi & Deng, Zhong-Qi & Hu, Jin-li, 2015. "Clean energy use and total-factor efficiencies: An international comparison," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1158-1171.
    7. Reddy, V. Siva & Kaushik, S.C. & Panwar, N.L., 2013. "Review on power generation scenario of India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 43-48.
    8. Al-attab, K.A. & Zainal, Z.A., 2015. "Externally fired gas turbine technology: A review," Applied Energy, Elsevier, vol. 138(C), pages 474-487.
    9. Pan, Ming & Aziz, Farah & Li, Baohong & Perry, Simon & Zhang, Nan & Bulatov, Igor & Smith, Robin, 2016. "Application of optimal design methodologies in retrofitting natural gas combined cycle power plants with CO2 capture," Applied Energy, Elsevier, vol. 161(C), pages 695-706.
    10. Furuoka, Fumitaka, 2016. "Natural gas consumption and economic development in China and Japan: An empirical examination of the Asian context," Renewable and Sustainable Energy Reviews, Elsevier, vol. 56(C), pages 100-115.
    11. Bian, Yiwen & Hu, Miao & Wang, Yousen & Xu, Hao, 2016. "Energy efficiency analysis of the economic system in China during 1986–2012: A parallel slacks-based measure approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 990-998.
    12. Dong, Jun & Zhang, Xu & Xu, Xiaolin, 2012. "Techno-economic assessment and policy of gas power generation considering the role of multiple stakeholders in China," Energy Policy, Elsevier, vol. 48(C), pages 209-221.
    13. Lafrancois, Becky A., 2012. "A lot left over: Reducing CO2 emissions in the United States’ electric power sector through the use of natural gas," Energy Policy, Elsevier, vol. 50(C), pages 428-435.
    14. Zhang, Xiaohong & Wu, Liqian & Zhang, Rong & Deng, Shihuai & Zhang, Yanzong & Wu, Jun & Li, Yuanwei & Lin, Lili & Li, Li & Wang, Yinjun & Wang, Lilin, 2013. "Evaluating the relationships among economic growth, energy consumption, air emissions and air environmental protection investment in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 259-270.
    15. Antonanzas, J. & Alia-Martinez, M. & Martinez-de-Pison, F.J. & Antonanzas-Torres, F., 2015. "Towards the hybridization of gas-fired power plants: A case study of Algeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 116-124.
    16. Wang, Shaojian & Fang, Chuanglin & Wang, Yang, 2016. "Spatiotemporal variations of energy-related CO2 emissions in China and its influencing factors: An empirical analysis based on provincial panel data," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 505-515.
    17. Gu, Yujiong & Xu, Jing & Chen, Dongchao & Wang, Zhong & Li, Qianqian, 2016. "Overall review of peak shaving for coal-fired power units in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 723-731.
    18. Ali, Rosnazri & Daut, Ismail & Taib, Soib, 2012. "A review on existing and future energy sources for electrical power generation in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4047-4055.
    19. Li, Yajun & Bai, Fangfang, 2010. "A policy study examining the use of imported LNG for gas-fired power generation on the southeast coast of China," Energy Policy, Elsevier, vol. 38(2), pages 896-901, February.
    20. Li, Yingjian & Li, Jiezhi & Qiu, Qi & Xu, Yafei, 2010. "Energy auditing and energy conservation potential for glass works," Applied Energy, Elsevier, vol. 87(8), pages 2438-2446, August.
    21. Fu, Feng & Liu, Hongtao & Polenske, Karen R. & Li, Zheng, 2013. "Measuring the energy consumption of China’s domestic investment from 1992 to 2007," Applied Energy, Elsevier, vol. 102(C), pages 1267-1274.
    22. Panwar, N.L. & Kaushik, S.C. & Kothari, Surendra, 2011. "Role of renewable energy sources in environmental protection: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(3), pages 1513-1524, April.
    23. Hu, Yuan, 2012. "Energy conservation assessment of fixed-asset investment projects: An attempt to improve energy efficiency in China," Energy Policy, Elsevier, vol. 43(C), pages 327-334.
    24. Shen, Bo & Price, Lynn & Lu, Hongyou, 2012. "Energy audit practices in China: National and local experiences and issues," Energy Policy, Elsevier, vol. 46(C), pages 346-358.
    25. Popli, Sahil & Rodgers, Peter & Eveloy, Valerie, 2012. "Trigeneration scheme for energy efficiency enhancement in a natural gas processing plant through turbine exhaust gas waste heat utilization," Applied Energy, Elsevier, vol. 93(C), pages 624-636.
    26. Hong, Jingke & Shen, Geoffrey Qiping & Guo, Shan & Xue, Fan & Zheng, Wei, 2016. "Energy use embodied in China׳s construction industry: A multi-regional input–output analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 1303-1312.
    27. Ozturk, Ilhan & Al-Mulali, Usama, 2015. "Natural gas consumption and economic growth nexus: Panel data analysis for GCC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 998-1003.
    28. Ozcan, Mustafa, 2016. "Estimation of Turkey׳s GHG emissions from electricity generation by fuel types," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 832-840.
    29. Arshad, Ameena & Zakaria, Muhammad & Junyang, Xi, 2016. "Energy prices and economic growth in Pakistan: A macro-econometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 25-33.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hao, Han & Liu, Zongwei & Zhao, Fuquan, 2017. "An overview of energy efficiency standards in China's transport sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 246-256.
    2. Olexandr Yemelyanov & Anastasiya Symak & Tetyana Petrushka & Roman Lesyk & Lilia Lesyk, 2018. "Evaluation of the Adaptability of the Ukrainian Economy to Changes in Prices for Energy Carriers and to Energy Market Risks," Energies, MDPI, vol. 11(12), pages 1-34, December.
    3. Jong Hwan Suh, 2018. "Generating Future-Oriented Energy Policies and Technologies from the Multidisciplinary Group Discussions by Text-Mining-Based Identification of Topics and Experts," Sustainability, MDPI, vol. 10(10), pages 1-33, October.
    4. Xu, Bin, 2023. "Exploring the sustainable growth pathway of wind power in China: Using the semiparametric regression model," Energy Policy, Elsevier, vol. 183(C).
    5. Ibrahim, Thamir K. & Mohammed, Mohammed Kamil & Awad, Omar I. & Abdalla, Ahmed N. & Basrawi, Firdaus & Mohammed, Marwah N. & Najafi, G. & Mamat, Rizalman, 2018. "A comprehensive review on the exergy analysis of combined cycle power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 835-850.
    6. Anzhelika Pirmamedovna Karaeva & Elena Romenovna Magaril & Andrey Vladimirovich Kiselev & Lucian-Ionel Cioca, 2022. "Screening of Factors for Assessing the Environmental and Economic Efficiency of Investment Projects in the Energy Sector," IJERPH, MDPI, vol. 19(18), pages 1-21, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ibrahim, Thamir k. & Mohammed, Mohammed Kamil & Awad, Omar I. & Rahman, M.M. & Najafi, G. & Basrawi, Firdaus & Abd Alla, Ahmed N. & Mamat, Rizalman, 2017. "The optimum performance of the combined cycle power plant: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 459-474.
    2. Li, Wei & Lu, Can, 2019. "The multiple effectiveness of state natural gas consumption constraint policies for achieving sustainable development targets in China," Applied Energy, Elsevier, vol. 235(C), pages 685-698.
    3. Jiang, Hongdian & Dong, Xiucheng & Jiang, Qingzhe & Dong, Kangyin, 2020. "What drives China's natural gas consumption? Analysis of national and regional estimates," Energy Economics, Elsevier, vol. 87(C).
    4. Fadiran, Gideon & Adebusuyi, Adebisi T. & Fadiran, David, 2019. "Natural gas consumption and economic growth: Evidence from selected natural gas vehicle markets in Europe," Energy, Elsevier, vol. 169(C), pages 467-477.
    5. Li, Zhi-Guo & Cheng, Han & Gu, Tian-Yao, 2019. "Research on dynamic relationship between natural gas consumption and economic growth in China," Structural Change and Economic Dynamics, Elsevier, vol. 49(C), pages 334-339.
    6. Ur Rahman, Zia & Iqbal Khattak, Shoukat & Ahmad, Manzoor & Khan, Anwar, 2020. "A disaggregated-level analysis of the relationship among energy production, energy consumption and economic growth: Evidence from China," Energy, Elsevier, vol. 194(C).
    7. Mardani, Abbas & Zavadskas, Edmundas Kazimieras & Streimikiene, Dalia & Jusoh, Ahmad & Khoshnoudi, Masoumeh, 2017. "A comprehensive review of data envelopment analysis (DEA) approach in energy efficiency," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 1298-1322.
    8. Obsatar Sinaga & Mohd Haizam Mohd Saudi & Djoko Roespinoedji & Mohd Shahril Ahmad Razimi, 2019. "The Dynamic Relationship between Natural Gas and Economic Growth: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 388-394.
    9. Sharafian, Amir & Talebian, Hoda & Blomerus, Paul & Herrera, Omar & Mérida, Walter, 2017. "A review of liquefied natural gas refueling station designs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 503-513.
    10. Westner, Günther & Madlener, Reinhard, 2011. "Development of cogeneration in Germany: A mean-variance portfolio analysis of individual technology’s prospects in view of the new regulatory framework," Energy, Elsevier, vol. 36(8), pages 5301-5313.
    11. Kong, Lingbo & Price, Lynn & Hasanbeigi, Ali & Liu, Huanbin & Li, Jigeng, 2013. "Potential for reducing paper mill energy use and carbon dioxide emissions through plant-wide energy audits: A case study in China," Applied Energy, Elsevier, vol. 102(C), pages 1334-1342.
    12. Zhang, Chi & Zhou, Kaile & Yang, Shanlin & Shao, Zhen, 2017. "On electricity consumption and economic growth in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 353-368.
    13. Rawat, Rahul & Kaushik, S.C. & Lamba, Ravita, 2016. "A review on modeling, design methodology and size optimization of photovoltaic based water pumping, standalone and grid connected system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1506-1519.
    14. Alizadeh, Reza & Gharizadeh Beiragh, Ramin & Soltanisehat, Leili & Soltanzadeh, Elham & Lund, Peter D., 2020. "Performance evaluation of complex electricity generation systems: A dynamic network-based data envelopment analysis approach," Energy Economics, Elsevier, vol. 91(C).
    15. Maheshwari, Mayank & Singh, Onkar, 2020. "Thermo-economic analysis of combined cycle configurations with intercooling and reheating," Energy, Elsevier, vol. 205(C).
    16. Wu, Dong & Geng, Yong & Pan, Hengyu, 2021. "Whether natural gas consumption bring double dividends of economic growth and carbon dioxide emissions reduction in China?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    17. Shah, Syed Ale Raza & Zhang, Qianxiao & Abbas, Jaffar & Balsalobre-Lorente, Daniel & Pilař, Ladislav, 2023. "Technology, Urbanization and Natural Gas Supply Matter for Carbon Neutrality: A New Evidence of Environmental Sustainability under the Prism of COP26," Resources Policy, Elsevier, vol. 82(C).
    18. Francesca Simeoni & Veronica De Crescenzo, 2018. "Ecomuseums (on Clean Energy), Cycle Tourism and Civic Crowdfunding: A New Match for Sustainability?," Sustainability, MDPI, vol. 10(3), pages 1-16, March.
    19. Raghutla, Chandrashekar & Shahbaz, Muhammad & Chittedi, Krishna Reddy & Jiao, Zhilun, 2021. "Financing clean energy projects: New empirical evidence from major investment countries," Renewable Energy, Elsevier, vol. 169(C), pages 231-241.
    20. Hao, Han & Liu, Zongwei & Zhao, Fuquan, 2017. "An overview of energy efficiency standards in China's transport sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 246-256.

    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:eee:rensus:v:59:y:2016:i:c:p:1195-1208. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    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.