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

Author

Listed:
  • Glenn P. Jenkins

    (Department of Economics, Queen's University, Kingston, Canada and Eastern Mediterranean University, North Cyprus)

  • Saule Baurzhan

    (Department of Economics, Eastern Mediterranean University, North Cyprus)

  • Author-Name: Godwin O-Williams

    (Department of Economics, Eastern Mediterranean University, North Cyprus)

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.

Suggested Citation

  • Glenn P. Jenkins & Saule Baurzhan & Author-Name: Godwin O-Williams, 2018. "Evaluation of the Economic Performance of Hydropower Developments Supported by the World Bank Group 1975 to 2015," Development Discussion Papers 2018-06, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:405
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    References listed on IDEAS

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    1. Awojobi, Omotola & Jenkins, Glenn P., 2015. "Were the hydro dams financed by the World Bank from 1976 to 2005 worthwhile?," Energy Policy, Elsevier, vol. 86(C), pages 222-232.
    2. Ansar, Atif & Flyvbjerg, Bent & Budzier, Alexander & Lunn, Daniel, 2014. "Should we build more large dams? The actual costs of hydropower megaproject development," Energy Policy, Elsevier, vol. 69(C), pages 43-56.
    3. Bacon, Robert W & Besant-Jones, John E, 1998. "Estimating construction costs and schedules: Experience with power generation projects in developing countries," Energy Policy, Elsevier, vol. 26(4), pages 317-333, March.
    4. Glenn Jenkins & RICHARD ZUKER, 1984. "Blue Gold: Hydro-Electric Rent In Canada," Development Discussion Papers 1984-01, JDI Executive Programs.
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    Cited by:

    1. Bahramian, Pejman & Jenkins, Glenn P. & Milne, Frank, 2021. "A stakeholder analysis of investments in wind power electricity generation in Ontario," Energy Economics, Elsevier, vol. 103(C).
    2. Pejman Bahramian & Glenn Jenkins & Frank Milne, 2020. "A stakeholder analysis of investments for wind power electricity generation in Ontario," Working Paper 1442, Economics Department, Queen's University.

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    More about this item

    Keywords

    : hydropower; electricity; cost overrun; time overview; economic benefits;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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