A nuclear power plant has the following characteristics: Capacity = 2.00 Gigawatts Capacity factor = 95.0% Conversion
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A nuclear power plant has the following characteristics:
- Capacity = 2.00 Gigawatts
- Capacity factor = 95.0%
- Conversion efficiency [Uranium Electricity] = 45.0%
- Capital Cost = $15 billion
- Fixed O&M Costs = $10.2 million/year
- Plant lifetime = 40 years
- Discount Rate = 10.0%
a. How much electricity (in MWh) is generated per year?
b. What is the Capital Recovery Factor? What must be assumed for us to be able to use a CRF?
c. Calculate the levelized cost of electricity (LCOE) of this nuclear power plant. Assume that uranium costs $80/kg and that 1 kg of uranium contains 24e6 kWh.
d. How would the capacity of the plant need to change in order for the LCOE to decrease to be comparable to the LCOE of a wind farm (assume ~$0.035/kWh)? What does this mean in terms of economic competitiveness of the two technologies?
Related Book For
Fundamentals of Thermodynamics
ISBN: 978-0471152323
6th edition
Authors: Richard E. Sonntag, Claus Borgnakke, Gordon J. Van Wylen
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