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Addy, M N, Akunyumu, S and Simons, B (2019) Key risk factors affecting renewable energy independent power producer (IPP) set-up projects in developing countries. Journal of Engineering, Design and Technology , 17(06), 1340–55.

  • Type: Journal Article
  • Keywords: Ghana; Renewable energy; Risk identification; Independent power producers;
  • ISBN/ISSN: 1726-0531
  • URL: https://doi.org/10.1108/JEDT-03-2019-0072
  • Abstract:
    Sustained access to efficient electricity plays an essential role in improving living conditions of people and contributes to the economic development of the nation as a whole. Volta River Authority (VRA) mainly manages the generation plants (hydropower sources and thermal plants) alongside independent power producers (IPPs). Power generation in the country has been influenced by myriads of factors. Thus, the purpose of this study is to assess the key risk factors affecting renewable energy of IPPs set-up project in Ghana. Design/methodology/approach Quantitative approach was adopted for the study. Empirical investigation was carried out using the survey approach. The likelihood of occurrence of the risk and the degree of impact of same motivated the use of risk significance index to analyze the data and make deductions from the results. Findings From the study, three key risk factors have high level of severity, which include long and complex procedures for authorization of project activities, stability of the policy environment and ease of obtaining rights to land. These risks could be found in the business/strategic risks and policy/regulatory risks categories, respectively. A total of 25 key risk factors had moderate level of severity and 12 key risk factors have low level of severity on renewable energy IPP set up projects. Practical implications Top-ranked risk factors require maximum attention. The identified risks should be alleviated with strategies to reduce levels of severity by targeting either the likelihood of occurrence or the level of impact. This will serve as a catalyze to promoting renewable energy IPP set-up projects in Ghana. Originality/value Key contribution of the paper to the body of knowledge is demonstrated by the empirical evidence of the risks IPPs are likely to encounter in setting up renewable energy plants in Ghana. The distinctive attribute of this study is further demonstrated by the fact that it focused on the set-up stage, which is a critical stage in the renewable energy provision value chain.

Aghimien, D O, Aigbavboa, C O and Thwala, W D (2019) Microscoping the challenges of sustainable construction in developing countries. Journal of Engineering, Design and Technology , 17(06), 1110–28.

Asa, E, Anna, A S and Baffoe-Twum, E (2019) An investigation of mechanical behavior of concrete containing crushed waste glass. Journal of Engineering, Design and Technology , 17(06), 1285–303.

Bendak, S and Alhammadi, A A (2019) A multi-criteria decision-making approach to minimising fire risk in detached house designs. Journal of Engineering, Design and Technology , 17(06), 1146–60.

Bhaurkar, V P and Thakur, A G (2019) Investigation of crack in beams using anti-resonance technique and FEA approach. Journal of Engineering, Design and Technology , 17(06), 1266–84.

Entner, D, Prante, T, Vosgien, T, Zăvoianu, A, Saminger-Platz, S, Schwarz, M and Fink, K (2019) Potential identification and industrial evaluation of an integrated design automation workflow. Journal of Engineering, Design and Technology , 17(06), 1085–109.

Katoch, V and Mohan, S (2019) Design and fabrication of a safety frame for workers carrying out head lifting at construction sites. Journal of Engineering, Design and Technology , 17(06), 1250–65.

Matarneh, S, Danso-Amoako, M, Al-Bizri, S, Gaterell, M and Matarneh, R (2019) BIM-based facilities information: streamlining the information exchange process. Journal of Engineering, Design and Technology , 17(06), 1304–22.

Oke, A E, Ogunsemi, D R and Adeyelu, M (2019) Quadrant and gap analysis of required and exhibited quantity surveyors’ competencies. Journal of Engineering, Design and Technology , 17(06), 1161–73.

Othman, A A E and Hafez, M G (2019) A framework integrating corporate social responsibility for marketing architectural design firms in developing countries. Journal of Engineering, Design and Technology , 17(06), 1174–91.

Owusu-Manu, D, Edwards, D J, Mohammed, A, Thwala, W D and Birch, T (2019) Short run causal relationship between foreign direct investment (FDI) and infrastructure development. Journal of Engineering, Design and Technology , 17(06), 1202–21.

Rajabion, L, Sataei Mokhtari, A, Khordehbinan, M W, Zare, M and Hassani, A (2019) The role of knowledge sharing in supply chain success. Journal of Engineering, Design and Technology , 17(06), 1222–49.

Srivastava, A, Srivastava, D K and Misra, A K (2019) Spatial variability modeling and reliability analysis of flexible pavement through mechanistic–empirical model. Journal of Engineering, Design and Technology , 17(06), 1129–45.

Tengan, C, Aigbavboa, C O, Guribie, F and Annor-Asubonteng, J (2019) Analysis of the outcome features of effective monitoring and evaluation in construction project delivery. Journal of Engineering, Design and Technology , 17(06), 1192–201.

Titirla, M and Aretoulis, G (2019) Neural network models for actual duration of Greek highway projects. Journal of Engineering, Design and Technology , 17(06), 1323–39.