Investing into small hydro power plant, Bulgaria
Delectra Hydro JSC built a small irrigation system hydro power plant on the Belmeken-Sestrimo cascade in the Pazardzhik region, Bulgaria. The hydropower plant was designed and is operated to ensure the downstream water needs of two irrigation systems, two towns and many fields.
The company applied to BEERECL for the loan and advisory package. The BEERECL team performed the investment analysis, assessed the potential of renewable energy generation, technical-financial parameters, risks and the environmental aspects.
The €346,716 investment allows the company to produce 5,580 MWh of electricity per year, generate the total revenues of €194,200 per year and repay the investment in less than two years.
In addition, the project decreased the carbon emissions by 4,350 tonnes per year, making a substantial input to mitigation of the negative effect of human activity on climate.
This project proves that renewable energy, and small hydro power plants in particular, is a lucrative business, and its high revenues can only match its high mission.
30 Jul 2014