The Regional Economic Linkages of a Planned Investment in the Generation of Renewable Energy from Hydropower in Carinthia
A Short Study for Kärntner Elektrizitäts-Aktiengesellschaft (KELAG)
Kärntner Elektrizitäts-Aktiengesellschaft (KELAG) is planning to build a hydropower plant in Upper Carinthia. This brief analysis is intended to help estimate the regional economic effects of this planned investment. The estimation with the WIFO regional model ASCANIO shows that the investment sum of 200 million € in the production process is associated with domestic value creation of about 120 million € (of which 80 million € in Carinthia itself). Including income effects, the value added in Austria associated with the investment sum increases to 220 million € (of which Carinthia's share is estimated at 100 million €).