Risk sharing in hydropower development: case study of the Chukha Hydel Project in Bhutan
Risk sharing in hydropower development: case study of the Chukha Hydel Project in Bhutan
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水电开发的风险分担：不丹 Chukha Hydel 项目案例研究
DOI：
10.2166/wp.2013.001
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发表时间：
2013
期刊：
影响因子：
--
通讯作者：
G. Jenkins
中科院分区：
文献类型：
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作者：
D. Dhakal;G. Jenkins
喜马拉雅河流拥有巨大的水电潜力，但仍未为该地区的利益充分开发。不丹和尼泊尔在经济上具有6万兆瓦的水力发电潜力，但财政太弱，无法单独承担与开发其水力资源有关的风险。印度是这些能源提供电力的唯一潜在市场。不丹336兆瓦Chukha水电项目的购电协议框架可以作为风险转移、风险管理和融资来源的模式，以换取与此类项目相关的经济租金共享。印度承担了建造水电站和发电厂的成本和风险，以换取从建成的设施购买电力的降低价格。本文对楚卡水电项目进行了财务和经济评估。虽然印度在这个电力市场上处于行使单声道权力的地位，但这一分析表明，印度和喜马拉雅国家之间有可能达成一项协议，分担风险和回报，这对所有利益相关者都非常有利。
The Himalayan rivers have an enormous hydropower potential that is still not exploited fully for the benefit of the region. Bhutan and Nepal together have an economically feasible potential of 60,000 MW of hydroelectric power generation capacity but are too weak financially to bear the risks associated with the development of their hydro resources alone. India is the only potential market for the electricity supplied from these sources. The power purchase agreement framework for the 336 MW Chukha Hydel Project in Bhutan could serve as a model for the transfer of risks, management of risks and sourcing of finance in exchange for sharing the economic rents associated with such projects. India undertook the costs and risks of constructing the hydroelectric dam and power plant in exchange for a reduced purchase price of electricity from the completed facility. This paper contains a financial and economic assessment of the Chukha Hydel Project. While India is in a position to exercise monopsonic power in this electricity market, this analysis shows that it is possible to have an agreement for sharing the risks and returns between India and the Himalayan countries that is highly beneficial to all the stakeholders.