As the
benefits of producing electricity from mini-hydropower rise and overall
interest in the sector surging, governments worldwide are devoting time,
attention and resources to it. Positioned front and center, P2 Solar is a
company developing mini-hydropower projects for public and private sectors
seeking to include it into their electricity consumption profiles.
The appeal
of mini-hydropower is due to its ability to quickly respond to changing demand
for electricity, flood control and water management. Small and mini-hydropower
generation plants require two to five years to develop as compared to large
hydropower plants, which usually have a development period twice as long.
What’s more, small and mini-hydro has higher return on investment due to lower
capital investment, operational, maintenance and construction costs. Also worth
noting is that construction of a small hydropower plant is not as disruptive to
the local environment as large hydropower plants are.
In an
announcement last month, P2 Solar revealed that its subsidiary in India signed
a power purchase agreement with the Punjab energy distribution company for its
Rajgarh Mini-Hydro Project. This event is considered significant for the
company as its work leading to this point has involved years of effort. The
power purchase agreement involves payment terms of 35 years at a tariff of
approximately $0.10 USD. The company feels these terms provide for a high rate
of return and create cash flow free of cost. With this agreement P2 can close
bids for construction and advance to build the project.
P2 Solar’s
work is within the renewable energy market developing solar photovoltaic (PV)
power and mini-hydro projects. Understanding that the demand for clean,
renewable energy is rising due to commercial efforts to reduce reliance on
grid-produced electricity, P2 Solar is steering its efforts in a direction that
will enable it to benefit from this trend.
For more
information, visit www.p2solar.com
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