Hydropower Risk Mitigation During Development Stage: EPC’s Missing Piece

Abstract

Water, energy and climate demand-pull policies coupled with global recognition of climate change risk is driving a paradigm shift in the hydropower sector. Frontier markets offer new opportunities to meet the low carbon economy.

The EPC model was designed to control the multitude of diverse risks inherent in hydropower by creating a single point responsibility contract for the engineering-procurement-construction of the facility.

Still, many projects struggle with commercial viability once they enter the construction phase?

This paper reviews the critical nature of technical criteria and explores underlying structural trends leading developers to underestimate such risks in the first place.