In continuation of the energy analysis in Part 1 of this paper, an exergy analysis of the conceptualized advanced combined cogeneration plant is discussed in this part of the paper. This exergy analysis at the component level identifies the major sources of destruction of work potential. A parametric study has been carried out, for the same design and operating parameters as in Part 1, to explore the second-law performance of components of the plant against variations in these parameters.
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