Page 46-47 - GRO_April_2012

Basic HTML Version

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.
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.
TO 2020
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