Evaluation of Hydropower Plants with respect to Cost Incurred by Fuzzy Decision Making

Abstract

 Hydropower projects are one of the most inexpensive and reliable renewable energy alternatives which can substitute conventional energy sources. As cost benefit analysis of a project represent its performance or viability the financial implication of a project is needed to be evaluated. The present study applied a cognitive method of decision making to rate different hydro-power projects, based on their financial liabilities. The projects were evaluated based on the cost incurred during the installation and operation phase. This decision making will help to identify a method for rating hydro power plants or proposed plants in terms of financial requirements. The method was developed in such a manner that the decision made from the result of the new method will be completely objective and free from emotional influence.