The impact of renewable energies on the developing country's economies - Case Study INDIA

Bc. Aravindan Babu, BE (mechanical)

Master's thesis

Abstract:

Objectives of thesis: 1. To analyze and evaluate how the implementation of renewable resources impacts the economy of a developing country (India).​ 2. To compare the financial aspects of renewable energies with that of fossil fuel-based energy production methods, by a case study formulating the Economic balance sheet of a selected hydroelectric power plant Methodology:The well-being of the economy of a country is tide related to stable income resources. The power sector plays a vital role as an income resource, also as an operating factor for other income resources. Recently, renewable energy is substituted for petrol-based power. Winds power, waterfall power, etc. are employed to provide the required power for industries and homes as well. However, establishing this technique in developing countries is not yet completed because of the initial expenses that should be paid in advance. Therefore, decision-makers in developing countries are divided into two groups. The first group prefers to spend money on setting up renewable resources, while the second group believes that using non-renewable energy would save money for other projects that give better income than the power sector. Many factors are considered by the decision-makers to reach final regulations. Quantities of those factors along with each factor's weight have to be investigated. The results of different case studies have to be reported and compared using a real-life, recent dataset. An econometric one-equation model:​ GDP = f(Government spending, exports, imports)​ Y1t= γ1X1t+ γ2X2t+ γ3X3t+ γ4X4t+ u1t​ Declaration of Variables:​ a) Endogenous variable​ Y1t – GDP of India (in billions EUR)​ b) Exogenous variables​ X1t – Unit vector (no unit)​ X2t – Government spending on renewable energy (in billions EUR)​ X3t – Exports (in billions EUR)​ X4t – Imports (in billions EUR)​ u1t – Error term (no unit)​ γ – parameter, added to the model (constant term) The second part would be a case study, involving the computation of the Economic balance sheet for hydroelectric power plant.

Keywords

Power, Energy, Economy, Hydroelectric, Renewable

Language used: English

Date on which the thesis was submitted / produced: 29. 11. 2022

Thesis defence

• Supervisor: Ing. Ghaeth Fandi, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management