Evaluation of the Economic Performance of Hydropower Developments Supported by the World Bank Group 1975 to 2015

Glenn Jenkins (), Saule Baurzhan () and Godwin Olasehinde-Williams

No 2018-06, Development Discussion Papers from JDI Executive Programs

Abstract: One solution to the global energy challenge is the intensification of investment in hydropower projects that provide clean, reliable and affordable energy (IEA, 2012). Advocates of hydropower projects site their numerous benefits such as reduction in fossil fuel consumption, provision for water for irrigation and other uses, flood control and inland water transport. However, a common challenge often faced by hydropower projects is the issue of cost and time overruns. This study builds on the earlier work of Awojobi and Jenkins (2015) which examined the net economic benefits of 58 WBG financed hydropower projects between 1975 and 2005. It is thus important to evaluate the net benefits attached to hydropower projects constructed post-2005. This study extends the sample size by 10 more to cover 68 WBG financed hydropower projects and re-computes the results for the previous 58 hydro dams using a consistent set of data and assumptions. This extended sample will enable one to evaluate changes that might have taken place in project design and appraisal over time. Acknowledgements This project is a World Bank Group assisted project under the contract Number: 1476474. The assistance of all World Bank Group officials to enhance the completion of this project is greatly appreciated. under the contract Number: 1476474. The assistance of all World Bank Group officials to enhance the completion of this project is greatly appreciated.

Keywords: : hydropower; electricity; cost overrun; time overview; economic benefits (search for similar items in EconPapers)
JEL-codes: D61 L94 O22 Q4 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2018-06
New Economics Papers: this item is included in nep-ene and nep-ppm
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Citations: View citations in EconPapers (3)

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