Economic and Technical Analysis of Ukraine Back-to-Back Interconnection with Europe - PHASE II: Sensitivity Analysis and Benefit Analysis for Post-Synchronization Period
Client: The World Bank
Finishing date: June 2020 (September 2020)
Type: Study (Market, Transmission, Generation)
Team: Dusan Vlaisavljevic – Project Manager, M.Ivanovic, Z.Vujasinovic, P.Miksa, I.Mihajlovic-Vlaisavljevic, B. Lekovic, O.Vukovic
The main objective of the assignment is to conduct technical and economic analysis of the proposed Back-to-Back (BtB) interconnection (600MW) between the IPS Ukraine and the European power system (ENTSO-E). This Study represents the continuation of the previous analysis (phase 1), with the main focus on quantification of benefits related to BtB station operation after the synchronization, as well as examining BtB economic feasability under various sensitivity scenarios.
Within the technical and economic project evaluation, transmission network analysis, electricity market analysis, as well as economic analysis were performed. For the needs of electricity market analysis, electricity market model that includes Ukraine, Moldova, Belarus, Central East Europe and South East Europe was developed, in order to assess the market indicators and potential benefits for Ukraine from project commissioning. The technical assessment was based on selection of technology and optimal location for the proposed BtB, estimation of costs, as well as the project impact on power system operation in terms of: load flow, short circuits, NTCs, variation of losses. For both electricity market analysis and transmission network analysis, professional and commercial software tool packages were used – Antares and PSS/E.
On the basis of quantified benefits and costs, final economic assessment was conducted using the NPV and EIRR analysis.
Type of services provided:
- Electricity market modeling of Ukraine, Moldova, Belarus, Central East Europe, South East Europe
- Electricity market and economy assessment of benefits of Ukraine BtB Interconnection with Europe
- Transmission network analysis and technical assessment (technology, cost and optimal location) of the proposed BtB station
- Economic feasibility assessment of the proposed HVDC project with sensitivity analyses