Cost to build hydroelectric dam
Did you know that the cost to build a hydroelectric dam can vary up to $1.5 billion? The cost of hydroelectric energy varies widely, depending on the price of fuel, location, and output capacity. And, in an effort to predict these fluctuations, it is good to know what factors drive the cost.
Cost to build hydroelectric dam
Construction of hydroelectric dams is a big business in the global market. There are more than 100,000 dams, most of which are built for electricity generation. The cost to build hydroelectric dam varies depending on the type, size and location of the project.
The cost to build a small hydroelectric dam can range from $1 million to $5 million, while large-scale projects can cost hundreds of millions of dollars.
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How much does it cost to build a hydroelectric dam?
The cost of building a small hydroelectric dam depends on several factors such as location, design and size. The price also varies depending on whether the construction is conducted by private or public sector companies and if there are any environmental concerns. For example, constructing a dam in an urban area will cost more than building one in rural areas because there will be more regulations to follow and additional expenses for road closure fees and traffic control during construction.
According to an article published by Engineering News Record (ENR), the average construction costs for small hydroelectric power plants were $1 million per megawatt (MW) installed capacity in 2016. Large-scale projects such as those that use run-of-the river technologies may cost more than $1 billion per MW installed capacity.