Feasibility analysis of a hydraulic ram pump investment project


ARABIAN JOURNAL OF GEOSCIENCES, vol.11, no.9, 2018 (SCI-Expanded) identifier identifier


Usage and management of water resources issues are considered world's environmental problems of primary importance. Half of the global workforce is employed in several water and natural resource-dependent industries, i.e., agriculture, energy, building, and transport. Due to these reasons, rationally planning and usage of water resources is essential. The most common use of water in the world is in the agriculture sector with the rate of 70%. Since water resources are one of the most important inputs for agriculture, the use of this resource in agricultural irrigation with the right methods has great importance in terms of sustainability of agricultural production. Considering that a great percentage of agricultural areas are very far from the electricity supply due to the geographical conditions, the hydraulic ram pump, taking advantage of basic physic and mechanic principles, the wide spread usage of hydraulic ram pump is crucial. Our attention has been given to the fact that in the abovementioned conditions, a feasibility study of a hydraulic ram investment project was carried out with the proper methods of watering. Hydraulic ram is an environmentally friendly water pumping device with no fuel and no electricity consumption. Two scenarios were examined in the feasibility study. In the first scenario, a feasibility study was carried out for the leasing of a workshop to manufacture hydraulic rams, while all required procedures for manufacturing a water coach were outsourced in the second scenario. As a result of the study, these two evaluated scenarios were presented and interpreted.