Power Plant Economics

🎓 Power Plant Economicscourse Title: Mastering Power Economics: Understanding Different Costs & Tariff Methods

Course Headline:

Dive into the World of Power Economics with Basawraj Racheti! ⚡️💰

Course Description:

Overview: This course, "Economics of Power Generation," is meticulously designed for BE Mechanical Students to enhance their understanding of Energy Engineering as per unit-VI. It delves into the critical aspects of power plant economics, covering cost analysis, selection of generation equipment, load curves, and more. With a comprehensive syllabus approach, this course will equip you with the knowledge necessary to excel in your studies and profession.

Key Takeaways:

• Cost Analysis: Learn about fixed and operating costs, including depreciation methods through numerical examples.
• Generation Selection: Understand how to select and type of generation, and the importance of generation equipment selection.
• Load Curves & Performance Characteristics: Gain insights into fluctuating load plants and their operational characteristics with practical numerical treatments.

Course Structure:

• Video Lectures: A total of 5 enlightening video lectures are part of this course, accompanied by essential resource files.
• Pre-Uploaded Content: The previous five units and the first part of unit-VI have already been made available on Udemy for free.
• Essential Knowledge for Engineers: Acquire a thorough understanding of various costs involved in power plant operations and the different methods of calculating energy bills (Tariff methods).

Examination Preparation: As per the examination pattern, this course focuses on theoretical questions, with numerical examples on load curves and load duration curves to ensure comprehensive preparation. University Question sets and MCQs are also provided in the final lecture to aid your exam studies.

Course Outcomes: Upon completion, you will:

• 💡 Understand the various costs incurred in Power plants and learn to calculate generation costs effectively.
• 📊 Grasp the concepts of Load curves and Load duration curves, along with their methodology for solving numerical problems.
• 🔧 Get a clear grasp of the fundamental ideas behind Electrical and Instrumentation systems used in Power plants.

Instructor's Note: I have endeavored to present the subject of Energy Engineering through a variety of courses, rich with video contents, resource files, and practical insights where necessary. This course is crafted to collate relevant data, provide theoretical explanations, and offer practical experiences to aid your examination preparation and help you secure a good score.

The positive response from learners like you has been the driving force behind completing nearly 95% of the syllabus with optimal content for written exams. The subject matter is covered within an optimum time frame in video formats and resource file formats, ensuring a comprehensive understanding of Power Plant Economics.

Thank You: A heartfelt thanks to all the learners who have engaged with these courses and to the Udemy Management for their unwavering support. Your curiosity, dedication, and success are what keep this learning journey enriching and rewarding. 🌟

Best of luck to all the students embarking on or continuing this educational voyage! Let's conquer the world of Power Plant Economics together. 🚀🎉