Risk Analysis of the Hydroelectric Development and Irrigation Scheme Projects

First, the use of hydro energy resource, which is still debatable if it’s renewable or nonrenewable, cannot always be suitable for flat or dry regions and in areas where natural disasters occur. So counties with natural disasters or regions that are not suited is most likely not going to have a hydropower, as mentioned in (Marmulla, 2001, p. 55), dams are unnatural effecting species like fish causing migrations because of habitat loss. This can lead to extinction of species, affecting many ecosystems, since the fish starts to migrate to different areas changing the population balance. For example, Nicola, Elvira,

Assess the likelihood of occurrence and the impact of the assigned hazard to where you live. Tell us your assigned hazard, the vulnerability of your area to that hazard, then the likelihood that the hazard will occur. Rate the risk assessment on a scale of 1 to 10, with 1 being low risk and low vulnerability and 10 being high risk and high

Irrigation - The supply of water to land or crops to help growth, typically by means of channels.

Project 1 embedded risk can be assessed by evaluating the market risk, success/failure rate of the project.

Therefore, the risk process places a high emphasis on risk workshops, initial risks, and how risks are identified throughout the course of the project. The next two sections describe different methods of identifying risks.

As we all understand, the Earth has many landmarks and it is these physical features that create an abundant and organized system within which we thrive. One of the most abundant natural resources on the planet is water and the importance of this element is as crucial as any other. For the fortunate few who get to utilize it, this amazing reserve provides us with our necessity for daily consumption as well as our ability to grow just about anything we please. Common irrigation practices are essential for gathering water into a contained area to grow crops that would not typically survive in areas without heavy rainfall. As a matter of fact, “irrigation is an ancient practice that originated along the Tigris and Euphrates Rivers in what is now Iraq” and is now the result of an estimated 40 percent of all crops grown around the world (Water Encyclopedia). This tactic has provided many different cultures with numerous varieties of crops as well as growth in crop yield which in turn dramatically advances human civilization. As we develop into a more progressive society, the tools and systems used to grow our crops also become more intelligent as well as sustainable

The final factor that led to the great success of the PWP dealt with risk management. The team used early risk identification and mitigation to minimize the effects of any possible risks. The risk management process also provided assurance to Aurora Water that risks were properly evaluated and could be contained from a financial standpoint. A formal risk management plan was developed in early 2007, with a focus on controlling the project cost. The risk analysis process provided an extra benefit to the PMT by highlighting the need to manage project risks such as environmental mishaps to avoid actions that would trigger regulatory enforcement action. A proper risk analysis reduced cost increases due to change orders and avoided permitting and land acquisition delays.

5.Comparing two projects, Project B appears riskier because it has a larger standard deviation ($125,000) than Project A, but that does not consider relative risk. Actually, Project A is riskier because it has a larger coefficient of variation than Project B does.

Hydropower is a renewable resource that is clean, affordable and durable. This resource is clean due to the way you gather the energy from it. hydroelectric and coal-fired power plants produce electricity in a similar way. In both cases a power source is used to turn a propeller piece called a turbine, which then turns a metal shaft in an electric generator (the motor that produces electricity). A coal-fired power plant uses steam to turn the turbine blades; whereas a hydroelectric

TB2’s operating profile is slightly better than the Met Atrium’s operating profile given TB2 has lower volume and demand volatility risk than Met Atrium. The other operating risk factors are similar for both the projects. In terms of the Financial & Structuring risk factors, TB2 has a reasonable PPA Tail compared

The two risks will be illustrated using a Fault Tree diagram. Fault tree analysis was first developed by Bell Laboratories in 19621. It provides a structured format for “estimating the likelihood of the top even by tracing back the causes until it has identified simple events or component states for which the likelihood can be estimated2. In the process you continue to look for underlying causes until you have a clear idea of the failure and what may be done to manage or mitigate the failure. When developing the fault tree it is helpful to ask “why” to uncover an underlying cause. These causes are linked in the tree as “and” (where both items are necessary for the tree component to occur) and “or” (where either tree component can occur and contribute to the failure). An illustration presented by the authors of our text can be found on page 217. The top failure is the water is cold. Components that can contribute to this are either “there is no

A more advanced version of hydropower is hydroelectric power. It is the electricity created by water. For example, when the waterwheel receives water pressure, it begins to turn. Connected to a motor, the wheel begins to generate energy. Eventually, the power is dished out and distributed

Hydroelectric power plant is one of the major power plants all over the world in order to create electricity. It is also one of the best renewable energy sources on the planet earth. In ranking, Canada is the third largest country to produce hydroelectricity power. The efficiency of this power source is 90% and this is very impressive as the percentage of efficiency is very high. Hydro power plants generate 24% of the world’s electricity. More than 1 billion people are associated with hydro power plants as they use the power supply from hydro power plants.

All of the 11 projects are primarily ranked based on quantitative measurements. We have to also take into consideration of other quantitative aspects like length of the project, initial investment and anticipated payback period. Moreover, this

Project finance is best understood in terms of a risk allocation which reconciles the potentially conflicting objectives of borrowers and lenders by utilizing the long-term economic and commercial linkages between the sponsors, lenders and third party participants involved with a project. (Howcroft &Fadhley, 1998).