Economic Model for Calculating the Global Saving Norm of Replacement High-Intensity Discharge Lamps with LED Lamp in Oil and Gas Plant

Abstract

This paper is an extension work to previous research that calculates the saving norm of replacement HPS Street Lighting by LED fixtures in access road of gas production company at GCC. In this paper we introduce a novelty in economic model to consider the replacement of different types of high-intensity discharge lamps (HID) by LED lights. The global saving norm and the payback indicator are determined based on two main aspects; “Company Benefits”, in which the Gas Company can gain it directly, and “National Benefits” that can be achieved by creating better gas sales opportunity for the county and by the reduction of the CO2emission and hence the pollution.