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Moldova Hydroelectric Power Plant Industry Analysis
Hydroelectric power generation is an important component of the Moldovan energy mix. The country has good potential for hydroelectric power generation, with several rivers and tributaries flowing through its territory. Currently, hydroelectric power accounts for around 15% of Moldova's total electricity generation, making it the third-largest source of electricity after natural gas and coal.
The current scenario of the hydroelectric power plant industry in Moldova is characterized by an aging infrastructure. Most of the existing hydropower plants were built during the Soviet era and are in need of modernization and refurbishment. The majority of the hydropower plants in Moldova are small, with a capacity of less than 10 MW, and are located in the northern and central regions of the country.
The construction of new hydropower plants in Moldova is limited due to several factors, including the lack of suitable sites and financing constraints. However, the government has expressed its commitment to developing renewable energy sources, including hydroelectric power, as part of its efforts to reduce dependence on imported energy and improve energy security.
The major drivers of the hydroelectric power plant industry in Moldova include the country's favorable location and natural resources for hydroelectric power generation, increasing demand for electricity, and the need to diversify the country's energy mix. The government has also introduced several initiatives to promote the development of renewable energy sources, including the adoption of legislation that guarantees priority access to the grid for electricity generated from renewable sources.
The industry outlook for the hydroelectric power plant industry in Moldova is positive, with the potential for new investments and the modernization of existing infrastructure. The government has set a target of generating 17% of the country's electricity from renewable sources by 2020, with hydroelectric power playing a key role in achieving this target.
In conclusion, while the hydroelectric power plant industry in Moldova currently faces challenges related to aging infrastructure and limited opportunities for new construction, the country's favorable location and natural resources, increasing demand for electricity, and government initiatives to promote renewable energy sources provide a positive outlook for the industry's future development.
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