On June 8, the Generation Investment Study (GIS) for South East Europe (SEE), funded by the European Commission and prepared under the supervision of the World Bank, was presented by a consortium comprising Pricewaterhouse Coopers LLP, Atkins International plc, and MWH.
The SEE GIS has the primary goal of assisting the European Community (EC), International Financial Institutions and donor bodies in identifying an indicative priority list of investments in power generation and related electricity infrastructure that is in line with objectives of the SEE regional electricity market. The specific objectives of the GIS can be summarized as follows:
• Create a medium to long term investment plan for the priority projects in electricity infrastructure, suitable for international financing;
• Recommend a methodology and proper procedures to monitor the implementation of the above investment plan;
• Determine the optimal timing, size and location of future generating capacity in the region over the period 2005-2020; and
• Identify investments in main transmission interconnection lines between the countries and sub-regions to help optimize investment requirements in power generation over the study horizon.
As specified in the project Terms of References, the WASP model was used to develop long-term expansion plans for all national power systems within the region and ADICA’s GTMax software was used to analyze hourly operation of the regional electricity market to identify projected trades between regional market hubs, locational marginal prices (LMPs) across the regional network, and economic benefits of regional trading.
In support of the project ADICA licensed its GTMax software for use in the GIS study, and provided training and helpdesk support to project staff.
The four volume Generation Investment Study report can be viewed at the following website http://www.stabilitypact.org/energy/
About GTMax
Argonne National Laboratory developed the GTMax model to simulate the dispatch of electric generating units and economic trade of energy among utility companies and other market participants. The model computes hourly energy transactions, production costs, and Locational Marginal Prices. GTMax worldwide clients include electric utilities, regulatory bodies, power merchants, transmission companies, research institutes and universities.
