Total cost of ownership analysis of 60 MVA 150/120 kV power transformer

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

4 Citations (Scopus)

Abstract

Power transformer (PT) is one of the most important parts in electrical power system. In some cases, many electric utilities do not consider to capitalize the power losses, resulting in uneconomical decision during the purchasing. In this study, to evaluate the best purchase choice of a 60 MVA 150/129 kV PT, we examine the total cost of ownership (TCO) as the basis for determining the total economic value of PT. When purchasing and designing the PT, the optimum parameters are not only solely determined by the design and the lowest cost, but also influenced by material cost, power losses and its typical operation. Hence, design optimization and calculation of TCO of PT is of importance to provide a reliable and economical product. Here it is realized by reviewing the existing design and fabrication as well as the cost structure, design optimization and total cost ownership calculation. The result shows that the PT design optimization employing losses capitalization exhibits the most economical value, reducing TCO up to 3%. We found that the losses capitalization and TCO of PT are sensitively affected by interest rate, economic life of PT, electricity cost, load factor and losses. Those factors are key components to determine the suitable specification, design evaluation and operation of the transformer. This practical study is beneficial both for the owner and manufacturer of PT, thus giving the right specification and design to support purchasing process of PT.

Original languageEnglish
Title of host publicationQiR 2017 - 2017 15th International Conference on Quality in Research (QiR)
Subtitle of host publicationInternational Symposium on Electrical and Computer Engineering
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages291-295
Number of pages5
ISBN (Electronic)9781509063970
DOIs
Publication statusPublished - 5 Dec 2017
Event15th International Conference on Quality in Research: International Symposium on Electrical and Computer Engineering, QiR 2017 - Nusa Dua, Bali, Indonesia
Duration: 24 Jul 201727 Jul 2017

Publication series

NameQiR 2017 - 2017 15th International Conference on Quality in Research (QiR): International Symposium on Electrical and Computer Engineering
Volume2017-December

Conference

Conference15th International Conference on Quality in Research: International Symposium on Electrical and Computer Engineering, QiR 2017
CountryIndonesia
CityNusa Dua, Bali
Period24/07/1727/07/17

Keywords

  • losses capitalization
  • optimum design
  • power transformer
  • total cost of ownership

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