Here’s How You Can Pick The Best Power Generation Company

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While picking from resources such as wind, the Sun, coal, nuclear and natural gas for generation of electricity, cost of each are compared to make choice.

This is a rather complex process; load factor, capacity, energy, and fixed and variable costs are required to be factored in.

Check the following parameters in the power generation companies in India while making your decision of which one is best suited to your needs

Load Factor

This is the percentage of hours that a power plant operates at its maximum capacity in a particular time period. Base load power plants can operate with load factors that usually exceed 75% and could even go up to 90%. These are typically fossil fueled plants and nuclear plants. Intermediate loaded power plants operate at annual load factors between 40 to 60%. These are usually coal powered plants.

• Capacity

For a power plant its capacity indicates the energy delivering capabilities. Plants with greater capacity can deliver more energy to the grid in an hour.

Fixed and Variables Costs

Variable costs change with revenue or volume of sales and fixed costs are not dependent on these variables.

For instance, fuel costs are variable costs. They are driven by the cost of fuel being converted to electricity and the efficiency of the process. Production of electricity can be increased by increasing consumption of fuel.

Operation and Maintenance (O&M) costs are an example of fixed costs. They take into account staff wages, routine checkups and repairs, insurance and property taxes. These costs are only affected by yearly inflation rates.

Cost comparison of different power generation companies must be done keeping the above factors in mind. The risk associated with each technology also plays a role in impacting your decision.

The willingness to share relevant information and transparency on part of a power generation company are key indicators of the quality of power plant solutions provided by them.

These values are strongly upheld by Thermax who is among the leading power generation companies in India.

Thermax holds immense experience with a variety of fuels for its power plant projects such as naphtha, natural gas, pet coke, biomass, coal, lignite, industrial waste gases and washery rejects.

Shoeb Mannur I am a Professional Blogger and Content Writer for Thermax Pune. https://www.thermaxglobal.com