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An expert in the field of energy and emissions determination, Kamal Hussein Latif, specified that the cost of building nuclear reactors that can supply Iraq with 10 gigawatts is about $40 billion, stressing that Iraq can recover this amount within four years.
Latif said in a post on his Facebook page that "Iraq's need for electric energy will reach about 62 gigawatts in 2030, distributed as 24% with gas in single-cycle stations, 58% in combined-cycle stations, 11% in heavy oil and crude oil stations, and 7% of it with energy." renewable according to plan.
It is estimated that the annual losses that Iraq will incur in that year and beyond, from the consumption of oil and gas for the production of electricity exclusively in single-cycle stations with a thermal conversion efficiency "ranging between (29.4-44.8)%, whose production capacity will be in the range of 10 gigawatts, which will annually consume about 192,857 * 1011 cubic feet. Assuming that the price of a standard cubic foot remains around 3 cents, this means that we will spend $5.78 billion annually, which is 20 percent of the current national income and about 12 percent of the expected national income for the year 2030. As for combined-cycle stations with a conversion efficiency of 65 percent, as is known, the production capacity of the need It will be in the range of 24.36 kilowatts, which will be consumed annually 1011 * 328,297 cubic feet, and with the same imposition of the standard cubic foot price, we must spend at that time 9.848 billion dollars annually, meaning that our spending of gas will be approximately 15.6 billion dollars annually only in the combined cycle, and with a simple closer look, it becomes clear that we consume more than 30 percent of the national income only on electricity production plants.
He continued, "For heavy and crude oil stations that operate with a thermal conversion efficiency between (25.5-33.3)%, Iraq in 2030 will need 4.62 gigawatts according to the plan drawn up. Every 1 kilowatt-hour of those stations consumes 1160 barrels during the year, and for maximum thermal conversion efficiency, we will need 305.153 million barrels of oil, and at an average price of $60, at prices comparable to today's prices, we will spend $18.3 billion annually."
And Latif indicated that "the countries that spend this amount of amounts to produce electricity must review their accounts, as it is assumed that it does not exceed 5% of its national income, while Iraq will spend 19.8% of the national income, which is a huge number in the accounts of countries that consider their strategic plans in the field of energy and arrange its spending for the sake of sustainable development and individual well-being.
And the national expert stressed that "some solutions in this field, including the use of nuclear reactors with nuclear energy, which can provide 25% of the energy needs, i.e. covers approximately 10 gigawatts of the required percentage," noting that "the total price of those reactors with this capacity will be around 40 billion." Dollars, and with the first operation during the first year, we will save a total of $8.5 billion in annual spending on electricity, without calculating the carbon return, which can prevent the emission of 355 million tons annually, which is expected to reach $100 per ton (according to the World Bank’s forecasts for the year 2030), Thus, we can obtain carbon revenues of up to 3.55 billion dollars annually, with our achievement of the Paris Agreement, more than the voluntary contribution launched by Iraq.
That is, "we will get a reduction in spending with carbon revenue profits of up to 12.0 billion dollars annually, meaning that within four years we will recover all the money spent on the reactors, and this is what cannot be achieved in any clean energy source other than nuclear energy."
240 viewsAdded 11/13/2022 - 10:07 AMUpdated 11/13/2022 - 2:29 PM[You must be registered and logged in to see this link.]