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Bhutan Pumped Hydro Energy Storage (PHS) Plant Industry Analysis
The Pumped Hydro Energy Storage (PHS) Plant industry in Bhutan is currently experiencing a surge in construction of new projects. This is due to the increasing demand for renewable energy sources and the need for energy storage solutions to balance the intermittent nature of renewable energy.
The PHS technology involves pumping water from a lower reservoir to a higher reservoir during times of low energy demand and releasing it back down to generate electricity during peak demand periods. This technology is highly efficient and has a long lifespan, making it a popular choice for energy storage.
The major drivers of the PHS industry in Bhutan are the country's abundant hydropower resources and its commitment to sustainable development. Bhutan has set a target of becoming a carbon-neutral country by 23, and the development of PHS plants is a key component of this goal.
The construction of new PHS projects in Bhutan is being led by the state-owned power company, Bhutan Power Corporation (BPC). BPC has already completed several PHS projects, including the 72 MW Mangdechhu Hydroelectric Project and the 1,2 MW Punatsangchhu-I Hydroelectric Project. These projects have significantly increased Bhutan's energy generation capacity and have helped to reduce the country's reliance on imported fossil fuels.
The outlook for the PHS industry in Bhutan is positive, with several new projects in the pipeline. BPC is currently developing the 6 MW Kholongchhu Hydroelectric Project, which will include a PHS component. In addition, the government of Bhutan has identified several other potential sites for PHS development, including the Sankosh River Basin and the Amochhu River Basin.
Overall, the PHS industry in Bhutan is poised for continued growth and development. With its abundant hydropower resources and commitment to sustainable development, Bhutan is well-positioned to become a leader in the development of PHS technology.
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