Sustainable Asset Valuation of the Kalivaç and Poçem Hydropower Projects

The results of different internalization scenarios and the effects of varying electricity price assumptions on the financial performance of the three assets are presented in Section 5. The report closes with Section 6, which presents the multiple adverse impacts that HPPs Poçem and Kalivaç are anticipated to have on biodiversity and ecosystem services along the Vjosa River. [...] Stakeholder Insight Example The calculated costs and lost • By internalizing the environmental, values caused by the two HPPs social and economic externalities provide tangible evidence to NGOs caused by the HPPs, the SAVi and CSOs of the magnitude of assessment approximates the ecological and societal burdens. [...] Results of the Comparative CBA: HPPs, solar PV, and onshore wind The CBA in Table 3 presents the results of the evaluation of the three assets. [...] This cost item is explained in Section 3. Costs of dredging are much higher for the HPP Kalivaç compared to the HPP Poçem because the former is the first HPP in the river course, and so sediments arrive in the respective reservoir, while only a fraction of this sediment is channelled to the reservoir of HPP Poçem. [...] If the monetary value of the economic, environmental, and social externalities is added on top of the conventional costs, the total (Subtotal E) for the HPPs combined amounts to more than EUR 786 million, while the total cost for the solar PV and wind capacity amounts to only approximately EUR 297 million and EUR 492 million respectively.