• Energy Research

This paper explores the energy management of a natural gas-based thermal power plant, with a focus on improving its efficiency, sustainability, and economic feasibility. The study uses the Ashuganj Power Station Company Limited (APSCL) in Bangladesh as a case study. To evaluate the efficiency of the APSCL, both energy and exergy perspectives are considered, and sustainability is assessed through exergetic parameters. The plant’s economic feasibility is analyzed based on its fuel costs and operational losses. The results of the study indicate that the energy and exergy efficiencies of the APSCL vary from 32.97% to 33.21% and from 32.63% to 32.87%, respectively, for steam turbines and from 39.77% to 56.98% and from 39.36% to 56.40%, respectively, for combined cycle power plants (CCPP) during 2016–2021. The slightly lower efficiency in exergy calculations accounts for the system loss incurred over time, which is often omitted in efficiency calculations using energy parameters. To measure the sustainability of the APSCL, eight key indicators are used: the depletion number, exergy sustainable index, cumulative exergy loss, relative irreversibility, lack of production, the wasted exergy ratio, environmental effect factor, and improvement potential. The results indicate that APSCL still has opportunities for improvement in terms of sustainability, with 50% of the fuel being depleted in the plant, contributing to a sustainable index of 2.00 and cumulative exergy loss varying between 48.59 and 21.17. Regarding financial costs and losses, APSCL has experienced an increasing trend in the price of electricity generated. However, by implementing intelligent maintenance practices and upgrading equipment in a timely manner, it is possible to minimize costs and increase exergy output, reducing the per-unit fuel requirement for electricity production and the global carbon footprint significantly.

Enhanced sustainability and efficiency are among the prime indicators to achieve in the power generation sector of any country. The decline in efficiency might be caused by improper utilization of fuels and increasing entropy in outdated generation units. Reduced efficiency in power generation is particularly detrimental for the sustainability in developing countries, as resources are limited and need to be carefully allocated and maintained. Exergy analysis based on the laws of thermodynamics are currently gaining traction among researchers to study the overall performances of power generation units. Taking Bangladesh as a case study, this work investigates the power generation data for the country since 2009 till 2019 to study the internal energy losses of natural gas, oil, high-speed diesel, coal, and hydro based plants and provides a baseline for investment policy formulation. Our study found that, due to lack of maintenance and proper planning during the initial phases, the overall energy efficiencies among these sectors are relatively low, staying in the range of 34.55%–36.1% while the exergy efficiencies are 35.07%–36.59%. Corresponding exergetic parameters as depletion number, exergy sustainability index, relative irreversibility, lack of production, cumulative exergy loss, waste exergy ratio, and environmental effect factor pointed to similar findings in terms of sustainability as well. Comparing these parameters, it is observed that hydroelectric plants are more sustainable and efficient compared to fossil fuel-based generation units. Cost estimation of fuels and financial losses in the power generation sector are also explored for a better understanding of the return on investment.