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GLOBAL RENEWABLES ONLINE - APRIL 2012
hydropower in the African region
are Abay known as Blue Nile, the
Shebele, and the Omo. Other po-
tential sources are river Tekezé,
Awash, Baro, Genale, and Mereb.
However, a lack of proper infra-
structure and investments has led
to slow growth in the African hy-
dropower market. However, with
increasing electricity requirements
in these developing nations, gov-
ernments are developing lucrative
policies and incentives to secure in-
vestments in the hydropower sector.
In the South and Central
American region, countries such as
Venezuela have high levels of unex-
ploited hydropower energy. In Ven-
ezuela, the electricity crisis of 2009-
2010 has positively impacted the
hydropower sector. Venezuela was
found to be unprepared to cope with
demand in the case of a drought or
other unexpected occurrences. Due
to the wide gap between the demand
and supply of electricity, the coun-
try’s government is now focusing
on the augmentation of hydropow-
er installed capacity, and attempt-
ing to decrease its dependence on
the single Guri dam. A number of
projects have been planned by Cor-
poelec, the national electricity cor-
poration of Venezuela, widening the
scope of the hydropower industry.
The hydropower market in
Ethiopia is expected to increase at
a CAGR of 26.9% over the period
2011-2020 to reach 16,706 Mega
Watts (MW), while Mozambique’s
hydropower market is expected to
grow at a CAGR of 13.4% to reach
6,784.2 MW. The hydropower mar-
kets in Venezuela and Mexico are
expected to increase at a CAGR of
4.8%and 2.9% respectively, to reach
23,156.1 MW and 14,895.7 MW
over the forecast period 2011-2020.
GOVERNMENTS’ LUCRATIVE
POLICIES DRIVE THE GLOBAL
HYDROPOWER MARKET
In almost all geographi-
cal regions, governments are fo-
cusing increasingly on hydro-
power generation, which is the
most efficient, economic and reli-
able method of generating power.
In China, the ecoENERGY for
Aboriginal and Northern Communi-
ties Program provides funding sup-
port for clean energy projects to the
Aboriginal and Northern Communi-
ties. The program aims to reduce or
displace coal and diesel generation
of electricity, thus reducing green-
house gas emissions and certain
other air contaminants, resulting in
cleaner air. In the US, the Energy
Policy Act passed by the govern-
ment in 2005 offers various policies
and incentives for the development
of renewable energy in the US. The
act aims at enhancing and expand-
ing domestic energy production.
In Brazil, the government made a
policy named Incentives for Small
Hydro Facilities, Law no. 9648,
which exempts small hydro facili-
ties producing less than 30 MW
from paying financial compensa-
tion for the use of water resources.
GLOBAL HYDROPOWER MARKET
TO 2020
HYDROPOWER MARKET, GLOBAL,
OVERVIEW, 2005–2020
Hydropower is the most widely
used renewable resource globally,
and governments of various coun-
tries across the world provide exten-
sive support through favorable poli-
cies and incentives for this energy
GLOBAL HYDRO POWER