The Process
Running River is positioned to offer a seamless transition at every stage from initial assessment to physical connection of a turbine to the national grid. Although each project is approached on an individual basis, a typical project will consist of the following stages.
Initial site assessment, the pre-feasibility study - this will indicate as to whether the proposed geography has sufficient potential for a hydroelectric generation project. Viability from both an ecological and economical stand point will be surveyed. Factors that need to be considered include:
Running River Plc has a unique funding structure which will be attractive to a wide range of investors. The landowner themselves can participate in the funding of their project should they wish.
Comprehensive feasibility study - dependant upon the complexity of the project, a hydrological survey will be undertaken to assess long term records of rainfall and flow data, as well as analysis of the catchment geology and soil types in order to produce flow duration curve. Once assessed, a detailed design can be constructed finalising the overall project layout including civil works, details of generation equipment and grid connection. The work undertaken by the project company at its cost, dependent upon each individual site and case situation, will include:
Implementation .If the prospective returns are sufficiently attractive the investment decision is made and the project will go into the steps:
Running River is positioned to offer a seamless transition at every stage from initial assessment to physical connection of a turbine to the national grid. Although each project is approached on an individual basis, a typical project will consist of the following stages.
Initial site assessment, the pre-feasibility study - this will indicate as to whether the proposed geography has sufficient potential for a hydroelectric generation project. Viability from both an ecological and economical stand point will be surveyed. Factors that need to be considered include:
The availability of a suitable waterfall or weir and a turbine site;- Consistency in flow and sufficient head;
- The likely logistics of diverting water to a turbine and site accessibility;
- The proximity and level of demand for local electricity and/or a nearby grid connection at reasonable cost;
- Land ownership and/or the prospect of securing or leasing land for the scheme at a reasonable cost; and
- An indication of design power and annual energy output.
Running River Plc has a unique funding structure which will be attractive to a wide range of investors. The landowner themselves can participate in the funding of their project should they wish.
Comprehensive feasibility study - dependant upon the complexity of the project, a hydrological survey will be undertaken to assess long term records of rainfall and flow data, as well as analysis of the catchment geology and soil types in order to produce flow duration curve. Once assessed, a detailed design can be constructed finalising the overall project layout including civil works, details of generation equipment and grid connection. The work undertaken by the project company at its cost, dependent upon each individual site and case situation, will include:
- Civil Costs
- The cost of grid-connection
- The cost of electro-mechanical equipment
- Engineering and project management fees
Implementation .If the prospective returns are sufficiently attractive the investment decision is made and the project will go into the steps:
- Finalise the agreement with the Landowner
- Application for planning permission
- Negotiating the power take off agreement
- Detailed engineering design
- Construction
- Commissioning
- Connection to the grid
- Setting up the maintenance and operation contracts
- Handover from contractors to the PC
- Revenues commence to the landowner and the investors
