Russia has a huge potential for hydropower development. Its fulfilment will help to build into the environmental agenda and solve the flood problem
In Yakutia, energy consumption has been growing at an average annual rate of 8–9% in recent years. This is due to the launch of major investment projects and growth of industrial production. Industry is growing rapidly, and more energy is needed. Since 2021, for the first time ever, our energy consumption has exceeded production by almost 1%. The region’s hydro energy resources are estimated at 260 billion kilowatt-hours a year, which is 60% of the potential of the entire Far East, but only 1,5% of it has been developed. The country is turning to the East, so the development of industry in the Far East needs energy, and the cheapest and highest quality energy today is hydropower — Aisen Nikolaev, Head of Sakha Republic (Yakutia).
The multiplier effect of hydropower construction is many times greater than all possible hypothetical short-term effects of thermal generation — Mikhail Khardikov, Head of Energy Business, En+ Group; General Director, Eurosibenergo.
Pumped-storage plants and conventional hydropower plants receive an additional efficiency parameter due to the fact that a CO2 cost is attributed — Fedor Opadchy, Chairman of the Board, System Operator of the United Power System.
Over the last decade, the whole planet has been actively reducing its CO2 emissions. The main countries with the lowest emissions are Norway, Switzerland, and Canada, all of which prioritize hydropower. We need to note the ability of hydropower to prevent floods. The climate is getting warmer, and floods are becoming a bigger problem. Some areas in the Far East get flooded every year. Nothing but a cascade of reservoirs capable of cutting off flood peaks has been invented by mankind. Hydropower requires protection and support from all sides. It does not have such a powerful private lobby as other industries, but our country needs it — Viktor Khmarin, Chairman of the Management Board, General Director, RusHydro.