Cost- benefit Analysis of installation of tapping station on bipole VSC-HVDC transmission system

Economics plays a major role in the application of reliability concepts and attainment of an acceptable level of reliability. Reliability is not free but poor reliability of electric power supply usually costs much more than good reliability. It is therefore important to determine the optimal reliability level at which the reliability investment achieves. The best results in reducing the customer damage costs or Lost of load value due to power supply interruptions. In this paper the effect of installation of VSC- tapping station cost beneficial or not is investigated and compared at the load point evaluating the value of lost of load.