> Someone needs to watch the stacking process.
Why do you say that? We have fully automated CNC machines and 3D printers that can make things to amazing tolerances without human intervention. Stacking blocks neatly isn't a hard AI problem like self-driving cars are.
> If there is a single error the whole tower can collaps and do a lot of damage.
My reading of it is that the whole thing is fenced off anyway, since it contains an autonomous crane. Just put it somewhere that land isn't too valuable. If it all does collapse, the worst that can happen is it damages itself. Most wind turbines are similarly situated in places where, if they fail, there's nothing else really there to damage anyway.
> Is the low-cost-concrete a strong enough building material?
Presumably so, or if it's not, then it won't be used. I'd leave that to the engineers.
> The generator needs cooling (in hydro pump it is cooled by the water flowing through)
Cooling is not a hard problem. There are much larger plants generating way more power that operate 24/7 that handle cooling just fine. This idea is only generating as much power as a tower crane typically uses anyway, so whatever a tower crane has for cooling its motors should be fine. Probably some kind of closed loop liquid cooling system going to a big radiator with fans, like for a typical automobile engine.