Fuel cost optimization of coal-fired power plants using coal blending proportions

Shukla, Prashant, Singh, Amit Kumar, Trivedi, Ashish, Trivedi, Vibha and Chichi, Ouissal (2023) Fuel cost optimization of coal-fired power plants using coal blending proportions. In: 2023 Fifth International Conference on Electrical, Computer and Communication Technologies (ICECCT), 22-24 February 2023, Erode, India.

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In this paper, we aim to explore the possibility of optimizing the fuel cost of power plants using a mixed-integer linear programming model that considers coal blending proportion. Since there are various grades of coal at varying prices, the right optimal blending of various grades is required to get an optimal proportion as required by the power plant. The model considers various factors including coal source, mode of transportation, quality of coal, Gross Calorific Value (GCV), blending proportion, and so forth. The study's findings may help the power sector take optimized decisions based on multiple parameters. The outcome of this proposed research shows that there is enough scope for fuel cost-saving and reduced logistic costs between the source and power plant pair

Item Type: Conference or Workshop Item (Paper)
Keywords: Coal Logistics | Power Plant | MILP | GCV | Transportation
Subjects: Physical, Life and Health Sciences > Engineering and Technology
Physical, Life and Health Sciences > Environmental Science, Policy and Law
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 27 Dec 2023 09:05
Last Modified: 27 Dec 2023 09:05
Official URL: https://doi.org/10.1109/ICECCT56650.2023.10179778
URI: https://pure.jgu.edu.in/id/eprint/7127


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