Abstract:

Renovation and Modernization (R&M) refers to a set of activities intended to improve the performance and reliability of the existing production facilities, and is seen as a cost-effective alternative to increase the operational life of plants. Through R&M, obsolete generation equipment undergoes technological upgrades to boost capacity and reduce harmful emissions. It consists of a five-step process of identification, assessment, planning, execution and closure in order to plan, implement and monitor the entire procedure. The R&M cost per Megawatt (MW) varies, depending on the age of plant, operational history, fuel type, demand of the equipment to be replaced, the cost of generation and technology. The study aims at of Renovation and Modernization R&M of  existing thermal power plants, which as an alternative can help the Country not only to increase the existing capacity and efficiency but will further help to reduce the heavy dependence on coal. Hence it is important to understand the major risks associated with the implementation of R & M projects and mitigate them proactively to enhance the effectiveness of this approach. 

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