ABSTRACT
There are a number of pitfalls that will cause a cogeneration project to be unsuccessful. If success is measured in a project’s ability to meet the proforma expectations in overall utility savings and return on investment, then anything less than that will render a project unsuccessful. However, partial success still may be acceptable. For instance, if a project pencils out to have a return on investment of 35% and attains only a 28% savings overall, that project still returns greater than normal returns compared to other investments and can be deemed successful, even if it does not meet initial expectations. Hence, the primary concern is when a project fails abjectly. When the returns are considerably less than what can be earned in conservative investments, then the project would be said to have failed.
