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Economic analysis of influence of weather extremes on working and return on investment of small hydropower plants in the Czech republic betwen 2000-2015
Pavlík, Vladimír ; Macháč, Jan (advisor) ; Louda, Jiří (referee)
Nowadays, investments to small hydroelectric power stations are still highly profitable. Return on investment of a small hydroelectric power station is frequently half the period guaranteed by the state or by energy regulatory authority (Energy Regulatory Office, ERO). There is an information asymmetry among the state, as the entity that providing a subsidy, and operator of a small hydroelectric power station. These power station have constantly great potential. However, the risk of extreme hydrological fluctuations caused by floods or drought is discussed more thoroughly. Consequently, these fluctuations might harm the return on investment. The aim of this thesis is to determine to what extent hydrological extremes will affect the return on investment...

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