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Hydro Resource Evaluation Tool
economic assessment
Social Costs and Financial Support
Social Costs
The hydro power development can have a beneficial impact on the socio-economic situation in the area through
- Contribution to local employment;
- Boost of local economy (the use of local materials and local companies);
- Development of infrastructure;
- Support and development of community-based projects.
However, a range of issues related to public acceptability and engagement should be considered. The hydro project can include a renovation of an old mill or using an old building as a powerhouse. In this case the materials harmonised with environment (aesthetics) or required according to conservation guidelines are needed which can affect the costs of the hydro development. More information on these issues is available in the ‘Public Acceptability and Engagement’ chapter of this report.
In the case of social costs being considered, the social IRR can be 3-5% lower than the satisfactory IRR.
Financial Support
The Government and the Local Authorities provide a financial support for those you are planning to use renewable sources to generate energy.
Energy Saving Trust website provides information on what financial support is currently available for energy generators.
Please click here to access this facility.
