The tariff of new hydro projects will work out to about 6 rupees a kilowatt hour or more, while most power retailers are looking at a cost of below 5 rupees a kilowatt hour, according to Sambitosh Mohapatra, a partner at PwC India.
Is hydropower cheap or expensive?
At US$0.05/kWh, hydroelectricity remains the lowest-cost source of electricity worldwide, according to a recent report by the International Renewable Energy Agency, entitled Renewable Power Generation Costs in 2017.
How much does a hydroelectric dam cost to build?
A large hydropower dam on average costs 1800 million in 2010 USD with an average installed capacity of 630 MW. One MW installed capacity on average costs 2.8 million in 2010 USD.
Is India rich in hydropower?
India is 5th globally for installed hydroelectric power capacity. As of 31 March 2020, India’s installed utility-scale hydroelectric capacity was 46,000 MW, or 12.3% of its total utility power generation capacity. … India’s hydroelectric power potential is estimated at 148,700 MW at 60% load factor.
Why is hydropower so cheap?
Hydropower is the cheapest way to generate electricity today. … Producing electricity from hydropower is cheap because, once a dam has been built and the equipment installed, the energy source-flowing water-is free. Another reason hydro plants produce power cheaply is due to their sturdy structures and simple equipment.