The true cost of hydro power… is not money but time,” writes editor and author Prem Shankar Jha in his latest book, Dawn of the Solar Age. Environmentalists and human rights activists protest hydro projects across the country, and as Jha points out, wind, solar PV, and solar thermal power today provide viable alternatives.
In a bid to boost the Jammu and Kashmir economy, the Mehbooba Mufti-led government is all set to host in July-end its first ever “global investors meet”, aimed at harnessing hydro power potential of 20,000 mega watts in the state.
Thanks to an acute summer, the water storage level across 91 major hydro reservoirs in India has plummeted to 17 per cent, lower than the 21 per cent storage recorded last year at the same time and below also the last ten years average storage of 19 per cent.
Net profit at Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) soared in the first quarter to 30.8 million euros ($36 million), boosted by healthy power generation, the utility said on Wednesday.
AES Gener in Chile on Tuesday announced a more than $3 billion plan to restructure its Alto Maipo hydroelectric project as it seeks to revive the venture following a series of setbacks last year.
It is estimated that India has the potential to generate 20,000 MW of power from small hydro power projects alongside rivers and irrigation canals.
The State Bank of India (SBI) will be investing a total of Rs 80 billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.
Hydro power generation in India grew over 3 per cent in 2017-18 after three-consecutive years of lean generation marred by below normal rains and less snowfall. Dry winter has affected the overall generation in the last quarter this year as well and snagged the generation at the country’s largest hydro company, National Hydro Power Corporation by 1.7 per cent compared to the last year.
Hydro power generation in India posted a marginal revival in generation with a growth of over 3 per cent in 2017-18 after three-consecutive years of lean generation marred by below normal rains and less snowfall.
The government has revised downwards the proposed size of the Centre’s funding of hydro power projects by way of 4% interest subvention by 34% to Rs 11,049 crore for the 2018-2028 period.