Force Majeure in the Hydropower Industry: Concepts and Case Studies

This book discusses the challenges faced by hydropower companies due to force majeure, analyzing water usage in electricity production and the concept of force majeure in contracts. It presents examples from the international level and discusses the situation in Romania when the largest supplier of electricity terminated contracts invoking force majeure.

Format: Paperback / softback
Length: 156 pages
Publication date: 23 March 2023
Publisher: Springer International Publishing AG

This book aims to shed light on the unique challenges faced by certain hydropower companies due to the inability to fulfill their contracts due to force majeure. The first part of this book delves into the analysis of water's role in electricity production, emphasizing that all energy sources, albeit to varying degrees, utilize water. The spatial and temporal availability of water is crucial, particularly in the context of hydropower. The focus will be on hydropower, presenting the current global situation and the impact of reducing river water levels.

The second part of the book focuses on the concept of force majeure and the various ways in which it can be presented and drafted in contracts. The provisions of this article play a pivotal role in resolving disputes and the success of contracts. However, there are instances where signatory parties may misuse or fail to receive protection from these force majeure provisions. By drawing from brief examples from the international arena, the book expands into a comprehensive discussion of the situation in Romania, where the largest electricity supplier based on water terminated multiple contracts, invoking force majeure. The analysis examines the manner in which the opinions of the involved parties are presented to the court, providing detailed insights.

Weight: 267g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031274015
Edition number: 1st ed. 2023