A decision support tool for feasibility assessment of hydro electrical power plant projects

Ercan, Noyan
The objective of this thesis is to develop a decision support tool to assess the feasibility of a hydro electrical power plant (HEPP) investment option by estimating its profitability under various scenarios. The decision support tool may help the decision makers to understand critical parameters that affect the internal rate of return (IRR) of a HEPP investment, create realistic scenarios by assigning different values to these parameters and monitor profitability under various scenarios. The information and the assumptions to construct the proposed decision support tool have been collected by conducting interviews with experts and its reliability has been tested by a real case study.


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Çabuk, Sezer; Kestel, Sevtap Ayşe; Danışoğlu, Seza; Department of Financial Mathematics (2016)
Hydro inflow forecasting with most accurate quantitative models is a very crucial subject for effective hydro optimization, virtual power plant pricing, volume risk management and weather derivatives pricing in the Turkish electricity market. Predicting increase or decrease in hydro inflow, seasonal characteristics of hydrological years such as wet, dry or normal, allow the decision makers to economically use water for optimal periods, quantify of volume risk and determine effective portfolio management strat...
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Korkmaz, Ozan; Yanmaz, Ali Melih; Tiğrek, Şahnaz; Department of Civil Engineering (2007)
Feasibility studies concerning decision-making for various types of items to be used in a small hydropower scheme is important for estimating the energy generation, the approximate cost of the project, and the required budget allocation. A computer program named RETScreen, which is commonly used in the North Americas, is capable of evaluating the energy generation, investment and maintenance costs for small hydro-projects. This thesis is based on application of this program to the Turkish practice. To this ...
A fuzzy logic tool to evaluate low-head hydropower technologies at the outlet of wastewater treatment plants
Ak, Mumtaz; Kentel Erdoğan, Elçin; KÜÇÜKALİ, SERHAT (2017-02-01)
This study aims to find the most sustainable mature Low-Head (LH) hydropower technology option to generate hydroelectricity at the outlet of wastewater treatment plants by assessing the relevant economic, technical, and environmental criteria. A total of six criteria are assessed: investment cost, payback period, energy generation performance, construction duration, fish-friendliness, and aeration capacity. The fuzzy logic tool estimates satisfaction of each criterion separately and then aggregates them int...
Feasibility study of a hydropower project: case study of Niksar HEPP, Turkey
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Hydropower helps countries meet their energy needs in an economically, environmentally, and socially sustainable way while saving money and increasing energy security and self-reliance. Being one of the fastest developing countries, electricity demand of Turkey has been increasing and is expected to increase in the future. Untapped hydropower potential is among the prospective alternative resources to supply this demand. Developing a hydropower project requires a great deal of expertise in multiple discipli...
A Cost-Based Approach to Elicit Ancillary Service Tariffs from Unified Capacity and Energy Tariffs
Sezer, Hikmet; Güven, Ali Nezih; Tör, Osman Bülent; Cebeci, Mahmut Erkut; Teimourzadeh, Saeed (2022-01-01)
Establishing separated markets for capacity, energy, and ancillary services (AS) is one of the key steps to liberalize electricity sector and realize electricity markets. This study aims at eliciting AS tariffs from unified capacity and energy tariffs through a cost-based approach. In the proposed framework, maintaining annual revenue requirements of the power plants is considered as the main objective while separating the AS tariff from unified tariffs. The conducted study considers two types of unified ta...
Citation Formats
N. Ercan, “A decision support tool for feasibility assessment of hydro electrical power plant projects,” M.S. - Master of Science, Middle East Technical University, 2011.