Comparative Analysis of Life Cycle Cost of Thermal and Solar Power Plant in India

Authors

  • Ajit Kumar NTPC Delhi
  • Kamal Vagrecha IGNOU, New Delhi
  • A. P. Dash Power Management Institute, NTPC, Noida

DOI:

https://doi.org/10.33516/maj.v49i12.89-95p

Abstract

The study found that the life cycle cost (LCC) of a typical solar power project is 61% less compared to a thermal power project. The use and application of LCC could help governments take effective decisions on sustainable energy systems. Due to lifecycle stages, often the real costs of the project or equipment is not reflected in traditional approaches. The payback method generally focuses on how quickly the initial investment can be recovered, and as such not a measure of long term economic performance or profitability. The payback method ignores all costs and savings occurring after the payback threshold is reached.

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Published

2014-12-01

How to Cite

Kumar, A., Vagrecha, K., & Dash, A. P. (2014). Comparative Analysis of Life Cycle Cost of Thermal and Solar Power Plant in India. The Management Accountant Journal, 49(12), 89–95. https://doi.org/10.33516/maj.v49i12.89-95p

Issue

Volume 49, Issue 12, December 2014

Section

Cost Management
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