My aim in this Project is to study how to design a Co-generation unit for a plant and it’s Economical impacts.
First of all, what is Co-generation?
In a few words, Cogeneration (co-gen) through combined heat and power (CHP) is the simultaneous production of electricity with the recovery and utilisation heat. Cogeneration is a highly efficient form of energy conversion and it can achieve primary energy savings of approximately 40% by compared to the separate purchase of electricity from the national electricity grid and a gas boiler for onsite heating. Combined heat and power plants are typically embedded close to the end user and therefore help reduce transportation and distribution losses, improving the overall performance of the electricity transmission and distribution network.