An electric utility company needs to build a new generating plant. What factors should be considered when deciding on the location of the plant? Explain
There is always the question of distribution. It should not be too far away from the market to minimize the distribution losses and costs.
However, a bigger question deals with the nature of the plant. The considerations are completely different between hydroelectric, nuclear, petro-chemical or fossil fuel plants, due to the abundance and costs of the raw materials, environmental questions, and safety/security concerns.