5. Economic analysis, environmental impact and its mitigation, administrative procedures

Economic analysis: basic considerations, time value of money, methods of economic evaluation (payback time period, net present value, benefit-cost ratio, internal rate of return), tariffs and incentives

Environmental impact and its mitigation: introduction, burdens and impacts identification, impacts in the construction phase (reservoirs, water intakes, open canals, penstocks, tailraces), impacts arising from the operation of the scheme (sonic, landscape, biological impacts), impacts from transmission lines (visual, health)

Administrative procedures: types of procedures (energy regulation – water rights, environmental procedures, public inquiry, construction requirements, connection to the grid, others), examples