Government Pushes for New Hydroelectric Projects Amid Drought and Climate Change Challenges

The government has set ambitious goals and is prioritizing hydroelectric projects. However, drought and climate change pose significant obstacles, as they have already reduced water levels in the country’s rivers and reservoirs. Yesterday, during a parliamentary discussion, Deputy Minister of Environment Mr. Tsafos highlighted that the national energy and climate plan has set high targets for hydroelectric power. Specifically, large-scale projects are expected to increase from 3 GW today to 4.7 GW by 2050. Similarly, the total capacity of small hydroelectric plants will double from 250 MW to 490 MW. Pumped storage will also play a crucial role. Mr. Tsafos described hydroelectric technology as an energy treasure and a battery for the country, providing flexibility to the energy system on both daily and seasonal bases. This resource will become increasingly important as renewable energy production expands. The current goal is for the state to convince investors that it can support hydroelectric projects. Mr. Tsafos cited the large Mesochora hydroelectric project, which has been delayed for decades, as an example: “A major challenge is proving that the country can execute such projects. For instance, the Mesochora hydroelectric project has been stalled for years. Any potential investor must see that we can successfully implement these initiatives.” Nevertheless, drought remains a hurdle, significantly reducing reservoir levels this year compared to last. Long-term climate forecasts indicate worsening water availability. While the national energy plan considers specific climate assumptions, the pace of change may still challenge its objectives. “We are highly concerned about the drought and the reduced hydroelectric reserves,” the deputy minister noted.