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Technical and financial valuation of hydrokinetic power in the discharge channels of large hydropower plants in Colombia: A case study

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  • Montoya Ramírez, Rubén D.
  • Cuervo, Felipe Isaza
  • Monsalve Rico, César Antonio

Abstract

This work presents an assessment of the potential use of hydrokinetic turbines in the discharge channels of large hydroelectric power plants in Colombia. The assessment is performed at a pre-feasibility stage in order to evaluate the technical and financial potential of using hydrokinetic devices as a way to exploit kinetic energy in such channels. As a case study, two large hydropower plants were selected, one operated by a Francis turbine and the other operated by a Pelton turbine. The analysis assessed the hydraulic characteristics of the channels and the corresponding discharge flows. A prefeasibility financial analysis in an environment of uncertainty was also carried out using Monte Carlo simulation. The results show that the technology is not currently feasible for the Colombian market conditions, but the situation should be monitored in order to identify the right time for its optimal use in the future. The proposed methodology can be applied to research the feasibility of hydrokinetic energy for other kinds of applications.

Suggested Citation

  • Montoya Ramírez, Rubén D. & Cuervo, Felipe Isaza & Monsalve Rico, César Antonio, 2016. "Technical and financial valuation of hydrokinetic power in the discharge channels of large hydropower plants in Colombia: A case study," Renewable Energy, Elsevier, vol. 99(C), pages 136-147.
    • Handle: RePEc:eee:renene:v:99:y:2016:i:c:p:136-147
    DOI: 10.1016/j.renene.2016.06.047
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    2. Holanda, Patrícia da Silva & Blanco, Claudio José Cavalcante & Mesquita, André Luiz Amarante & Brasil Junior, Antônio César Pinho & de Figueiredo, Nelio Moura & Macêdo, Emanuel Negrão & Secretan, Yves, 2017. "Assessment of hydrokinetic energy resources downstream of hydropower plants," Renewable Energy, Elsevier, vol. 101(C), pages 1203-1214.
    3. Quaranta, Emanuele & Muntean, Sebastian, 2023. "Wasted and excess energy in the hydropower sector: A European assessment of tailrace hydrokinetic potential, degassing-methane capture and waste-heat recovery," Applied Energy, Elsevier, vol. 329(C).
    4. William Niebles-Nunez & Leonardo Niebles-Nunez & Lorena Hoyos Babilonia, 2022. "Energy Financing in Colombia: A Bibliometric Review," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 459-466, March.

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