Power Station Cost-Benefit Analysis

Power Station Cost-Benefit Analysis

The building of a power station undoubtedly bears consequences to the entire region’s economical and environmental situation. The power station as a generator of electric power is a considerable source of power that can provide energy not only for its location, but to the part of the country. On the other hand, construction of such a plant might bring various dangers, risks and general negative influence.

Economic impact can be described by the following points. Firstly, it might increase the region’s importance; therefore the economic and political power of the area could rise. Power station is a strategic establishment of a state level as far as energy is nowadays one of the main economic and financial assets, and therefore it is a political leverage. Ownership of the plant increases independence of a state. Per contra, power industry is very capital-intensive sphere of material production. Surely, the precise spending depends on type of fuel, cost of equipment, location etc., but generally it is quite an expensive production. In power industry there is a simultaneous production and consumption of energy products, which cannot be stored in significant quantities. “Engaging with the nuclear power would mean that the resources are locked in for a long time and the electricity systems becomes centralized” (Kazlauskaite Z., 2010, p. 61). A power plant demands various resources from all the country.

Environmental factor is the source of restrictions for energy production. Particulate emissions of power stations account for about 30% of all solid particles that enter the atmosphere because of human activities. In addition, the energy produces other harmful substances, for instance, sulfur dioxide and over nitrogen oxides, which cause acid rains. Water pollution is major, too. The radiation contamination is extremely harmful for human health and for the environment in general. As we know, accident at the Chernobyl nuclear power plant in 1986 caused environmental disaster for Ukraine and nearest countries. Building of a power plant always raises many corporative ethics discussions.

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The pros for building a power station are:

To increase economic power of your area

To increase economic independence of your area

If thoroughly and safely built, power station is a rather safe way to obtain energy, because coal and oil reserves are limited

The list of cons against constructing a power plant contains of:

High expenses to construct such a plant

Danger of an accident

Ecological harm to the nature and people’s health

High expenses for the safety system of the station

Although there are more cons than pros in the list, the preliminary judgement is to construct a plant. With time …
Posted by: Wilber Mcmurtry

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