| 1. | That the plant would be a new build, constructed today to meet the Large Combustion Plant Directive (2001/80/EC). It is assumed the costs would be representative of series-ordered plant.
|
| 2. | The mode of operation of the plant would be base load, 8000 operational hours each year.
|
| 3. | Capital costs are on engineering procurement and construction (EPC) basis.
|
| 4. | Fuel specified as coal or gas. Base-case fuel prices would be 1.4 £/GJ coal (net calorific value) and 4.0 £/GJ gas (also illustrating sensitivity to 3.0 and 5.0 £/GJ gas if possible).
|
| 5. | A net output of the plant delivered to the UK grid of 800MW.
|
| 6. | Delivery pressure for CO2 would be 110 bar, pipeline quality.
|
| 7. | Discount rate of 10% real and project (investment) lifetime of 25 years.
|
| 8. | CO2 transportation and storage facilities - it is assumed that one 800MW power plant would share the transport and storage facilities with others; it is suggested that a representative basis for offshore geological storage assuming a new construction is 10Mt/y of CO2 transported and injected (which would serve several power stations).
|
