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| DOI | 10.1016/j.enpol.2020.111466 |
| Comparative analysis of natural gas cogeneration incentives on electricity production in Latin America | |
| Rivera-Alvarez A.; Osorio J.D.; Montoya-Duque L.; Fontalvo J.; Botero E.; Escudero-Atehortua A. | |
| 发表日期 | 2020 |
| ISSN | 03014215 |
| 卷号 | 142 |
| 英文摘要 | An analysis to assess the influence of country-dependent variables and incentives on the feasibility of natural gas cogeneration projects in Latin America is presented in this work. The analysis is performed using a hypothetical industrial plant, where the cogeneration solution consists in the recovery of waste heat from the power generation for steam production. The feasibility is evaluated by calculating the Return of Investment (ROI) and the Internal Rate of Return (IRR) of the project. Eight Latin American countries are studied considering their specific natural gas markets, regulation, and macroeconomic variables. Two scenarios, electricity production for self-consumption and electricity production with power surplus sale, are independently analyzed considering the effects of available incentives. In the countries where the project is feasible, the application of incentives leads to a significant reduction in the ROI and, consequently, to an increment in the IRR. The effect of the interest rate and environmental impact were also analyzed. In general terms, along the region, the regulation for cogeneration is incipient while incentives are very standard and similar respect to lowering of import, Value-Added Tax (VAT), and income taxes, which seems to be designed purely to promote capital investment. Following the results from this study, it is of paramount importance to create new policy instruments in the future to advance the regulatory framework for cogeneration in Latin America. © 2020 Elsevier Ltd |
| 关键词 | Comparative analysisFinancial evaluationIncentivesNatural gas cogenerationPower surplus saleSelf-consumption |
| 英文关键词 | Cogeneration plants; Earnings; Gas industry; Investments; Natural gas; Natural gasoline plants; Taxation; Waste heat; Waste heat utilization; Comparative analysis; Dependent variables; Electricity production; Internal rate of return; Macroeconomic variables; Natural gas markets; Regulatory frameworks; Return of investments; Electric power generation; cogeneration; electricity generation; energy use; feasibility study; incentive; international comparison; natural gas; regulatory framework; Latin America |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/204835 |
| 作者单位 | Ingeniería Térmica Ltda, Medellín, Colombia; Fundación Ergon, Medellín, Colombia; MGM Innova Energy Services, Medellín, Colombia; Buildings & Thermal Sciences Center, National Renewable Energy Laboratory, Golden, CO 80401, United States; Decision Science Group, Universidad Nacional de Colombia, Medellín, Colombia; Departamento de Ingeniería Mecánica, Universidad Pontificia Bolivariana, Medellín, Colombia |
| 推荐引用方式 GB/T 7714 | Rivera-Alvarez A.,Osorio J.D.,Montoya-Duque L.,et al. Comparative analysis of natural gas cogeneration incentives on electricity production in Latin America[J],2020,142. |
| APA | Rivera-Alvarez A.,Osorio J.D.,Montoya-Duque L.,Fontalvo J.,Botero E.,&Escudero-Atehortua A..(2020).Comparative analysis of natural gas cogeneration incentives on electricity production in Latin America.Energy Policy,142. |
| MLA | Rivera-Alvarez A.,et al."Comparative analysis of natural gas cogeneration incentives on electricity production in Latin America".Energy Policy 142(2020). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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