This article investigates the energy, exergy, and economic performance of a Puga Valley-specific binary geothermal combined district heat and power plant, taking into account geotechnical data and related cost functions. The power plant uses an organic Rankine cycle (ORC) with R123 as the working fluid, utilizing waste heat for district heating to enhance efficiency. Variations in operating and design parameters such as geothermal fluid flow rate, temperature, and ORC temperature of the evaporator and condenser are found to have significant effects on the overall performance of the system and cost rate. A multi-objective grey wolf optimization technique based on artificial neural networks has been used to determine the ideal values of the above-mentioned parameters. The optimization study revealed a Pareto optimal curve with overall exergy efficiency and total cost rate as objective functions from which the optimal point was identified using the technique for order preference by similarity to the ideal solution (TOPSIS) method. While operating the proposed CHP plant at TOPSIS optimal point, the plant delivers a net electrical output of 1.08 MW alongside 4.19 MW of thermal energy, resulting in a total cost rate of 33.84 USD/h, with energy and exergy efficiencies peaking at 32.26 % and 36.8 %, respectively. The exergy analysis at the optimal point also revealed a notable reduction of 550 kW in the total exergy destruction rate compared with the base-case scenario. Furthermore, the design requirements of a 5 MW net power output CHP plant for effective recovery of the Puga Valley geothermal resource are discussed.
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