, P. Udai Kumar

In This Project an global issue based power generation expansion planning model has been developed for optimization that considers the growth of fuel prices and its fluctuation, benefits of carbon-trading in generation expansion decision, power risks. The Developed model is applied to An Electric Power System for the future. In an electric power system, the electric demand has been running ahead of supply. In addition, of the growth of fuel price can affect the country economy. To minimize these problems, a multi-objective model preceded by electric demand forecasting is developed by considering the unit of power generation and investment cost, imported fuels and benefits of carbon trading, environmental impacts. A model has been developed in the MATLAB and is simulated to get the output of each power plant at a very nominal cost for building the power plants, production and fuel