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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Ankur
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