Showing posts with label China Hydropower Market Trends. Show all posts
Showing posts with label China Hydropower Market Trends. Show all posts

Tuesday, July 31, 2018

The Emergence of Rising Hydropower Industry in China: Ken Research

Hydropower is a systematic development plan that requires an entire action plan and if executed correctly, could reap immense benefits to the entire nation. At present China is on a path of extremely high growth rate which can be seen by year on year growth rate of GDP. The high economic growth of the country has led to a high GDP but due to the great population of the country, the per capita income tends to be lower which is why China is still classified as a developing country. With increasing population, the energy requirements have gone up significantly whereas the resources to fulfil these needs have gone down drastically. Hence, the government and other organizations had to look for alternate means to satisfy the rising power needs. The most prominent alternate mean is hydropower projects.

China is a country which is abundant in water resources which can be used for the purpose of electricity generation. In fact it ranks among one of the top countries when it comes to per capita availability of water resources despite its large population. The total hydropower electricity generation is although low in terms of percentage however the percentage has been rising rapidly in the recent years. Some companies are taking advantage of this increasing percentage. According to the study, ‘Hydropower in China, Market Outlook to 2030, Update 2018 - Capacity, Generation, Investment Trends, Regulations and Company Profiles’, some of the major companies that are currently operating in the Chinese hydropower industry includes names like along River Hydropower Development Company, Ltd., State Grid Corporation of China, China, Three Gorges Corporation, China Power Investment Corporation, China International Water & Electric Corp., China Huaneng Group, China Guodian Corporation and China Datang Corporation.

There are three types of hydropower stations installed in China and these include the small hydropower plant, medium hydropower plant and large hydropower plants. The majority of power plants are either large or medium sized plants which generate high amount of energy. The Chinese companies have a specific set of requirements that need to be met before a project can begin execution. This includes a good quality design which is complemented by technical management. Using the full knowledge of the natural conditions including geography, geology and even earthquakes, a plan is developed that needs to put into execution. While the hydropower is still under construction, scientific management is recommended because construction activities can easily be affected by either human or natural activities. A technical management system also needs to be established due to the complex procedure that is involved in the construction of hydropower plants.

Hydropower projects are gaining much attention in the recent times however; it has gained major traction in China due to their high energy requirements and relatively lower number of non-renewable sources of energy. Hence, the growth potential in the country is immense which is being tapped by companies both national as well as international.

The competition landscape of this industry is segmented due to the huge financial resources in forms of capital investment that are required by the companies even before they begin operations. Many companies are going to enter this market and gain advantage of this untapped potential.

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