Research Article

Case Study on Incentive Mechanism of Energy Efficiency Retrofit in Coal-Fueled Power Plant in China

Table 3

The key parameters of the proposed project.

ItemValueUnitData source

Rated continuous power500MWFSR
Total investment100,000,000RMBFSR
Equity proportion100%FSR
Incremental annual power generation0MWhFSR
Profit loss due to the retrofitting24,730,000RMBFSR
Annual operation hours 5600hFSR
Power consumption rate (for self-use)6%FSR
Standard coal consumption for power generation before retrofit (designed in FSR) 316g/KWhFSR
Decrease of standard coal consumption after retrofit (designed in FSR)13g/KWhFSR, P51
Standard coal price (without VAT)389RMB/tonFSR
Electricity tariff (without VAT)341.2RMB/MWh FSR
New added O and M costāˆ’11,675,000RMB/yearFSR
Of which fuel cost saving due to retrofit āˆ’14,175,000RMB/yearFSR
New added repair cost2,500,000RMB/yearFSR
Income tax25%FSR
Value added tax (VAT)17% FSR
Town building maintenance tax7 (of VAT)%FSR
Surcharge for education3 (of VAT)%FSR
Project operating period 11Years FSR
Rate of residual value of the fixed assets3 (out of total investment)%FSR
Depreciation period11YearsFSR
Amount of CERs92,463tCO2e/yearER calculation sheet