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November 30, 2021

Versetz, Austria

By Carmen

Versetz is a 400MW hydro power project. It is planned in Tyrol, Austria. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2027 and is expected to enter into commercial operation in 2030.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Hydropower 400 400 Announced Tyrol, Austria Tiwag-Tiroler Wasserkraft

Description

The project is being developed and currently owned by Tiwag-Tiroler Wasserkraft.

Versetz is a pumped storage project. The hydro reservoir capacity is planned to be 182 million cubic meter. The gross head of the project will be 700m. The project is expected to generate 787 GWh of electricity. The project cost is expected to be around $542.18m.

Development Status

The project construction is expected to commence from 2027. Subsequent to that it will enter into commercial operation by 2030.

About Tiwag-Tiroler Wasserkraft

Tiwag-Tiroler Wasserkraft AG (TIWAG) is a power services provider that operates power plants. The company owns and operates smaller generation power plants with maximum capacities. It is a fully owned by the provincial government of Tyrol, and also undertakes the transmission and distribution of electricity across the state. TIWAG also ventures in solar based power generation, parallel expanding its traditional hydro power plants for meeting the demand, and others. It operates 9 large and 34 small scale power stations. The company operates its power plants in Kaunertal, Kuhtai, Imst, Kirchbichi, Silz, Achensee, Langkampfen and Amlach, Austria. TIWAG is headquartered in Innsbruck, Tirol, Austria.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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