Accession Number : ADA029407
Title : Economic Assessment of Nuclear and Fossil-Fired Energy Systems for DOD Installations.
Descriptive Note : Final rept.,
Corporate Author : MASSACHUSETTS INST OF TECH CAMBRIDGE DEPT OF NUCLEAR ENGINEERING
Personal Author(s) : Metcalfe,L. J. ; Driscoll,M. J.
Report Date : FEB 1975
Pagination or Media Count : 93
Abstract : Costs of electricity and thermal energy (380 F hot water) produced by nuclear and fossil-fired power plants in the 100 Mwe size range for 1985 start-up have been estimated (in 1985 dollars, levelized over plant life). While the PWR/Rankine system was estimated to produce electricity as a sole product cheaper than an HTGR/Brayton plant (30.3 versus 41.5 mills/Kwhr) the HTGR unit was shown to produce Total Energy products more economically than the PWR (25.2 mills/Kwhn and 2.58 $/MBTU versus 30.3 and 2.93). Breakeven fuel costs for comparable fossil-fired steam-electric power plants were found to be about 16 $/ton for coal and 9 $/bbl for oil (approximately 10 $/ton and 6 $/bbl in 1974 dollars); oil-fired gas turbine units were found to have breakeven costs of 18 $/bbl (approximately 10.6 $/bbl in 1974 dollars). Parametric and sensitivity studies were also carried out to examine the affects of size (50-200Mwe), annual cost of money (8 - 12%), plant lifetime (20-40 years) and plant start-up date (1980-1990). It is concluded that the HTGR/Brayton plant is superior to the other nuclear and fossil/Rankine options for Total Energy applications. The fossil-fired gas turbine/total energy system is identified as a strong competitor for the proposed application, and is potentially superior to the HTGR if fossil fuel prices do not escalate prohibitively. (Author)
Descriptors : *Fossil fuels, *Reactor fuels, *Nuclear energy, Costs, Economic analysis, Cost analysis, Cost effectiveness, Electric power plants, Nuclear power plants, Gas turbines, Gas cooled reactors, Economics, Pressurized water reactors, Rankine cycle, Brayton cycle, Thermal utilization
Subject Categories : Electric Power Production and Distribution
Fission Reactor Materials
Distribution Statement : APPROVED FOR PUBLIC RELEASE