Definition of Economics of Power GenerationIn modern engineering projects, cost is very important. Engineers must achieve the desired results at the lowest cost. In power generation, we often choose between high-cost, high-efficiency equipment and low-cost, lower-efficiency equipment. High-cost equipment has higher interest and depreciation charges but lower energy bills.Electrical engineers must balance costs to minimize total plant expenditure. Studying the economics of power generation is cru
09/02/2024
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