REVIEW OF RISKS ASSOCIATED WITH RENOVATION & MODERNIZATION OF THERMAL POWER PLANTS IN INDIA

Year 2017, Volume: 5 Issue: 1, 169 - 175, 30.06.2017

Purnima Bajpai K. Chandrashekhar Iyer

https://doi.org/10.17261/Pressacademia.2017.586

Abstract

Renovation
and Modernization (R&M) refers to a set of activities intended to improve
the performance and reliability of the existing production facilities, and is
seen as a cost-effective alternative to increase the operational life of
plants. Through R&M, obsolete generation equipment undergoes technological
upgrades to boost capacity and reduce harmful emissions. It consists of a
five-step process of identification, assessment, planning, execution and
closure in order to plan, implement and monitor the entire procedure. The
R&M cost per Megawatt (MW) varies, depending on the age of plant,
operational history, fuel type, demand of the equipment to be replaced, the
cost of generation and technology. The study aims at of Renovation and
Modernization R&M of  existing
thermal power plants, which as an alternative can help the Country not only to
increase the existing capacity and efficiency but will further help to reduce
the heavy dependence on coal. Hence it is important to understand the major
risks associated with the implementation of R & M projects and mitigate
them proactively to enhance the effectiveness of this approach. 

Keywords

Risks, effectiveness, efficiency, renovation and modernization

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