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Bootstrapping the Cost Modelling of Hydropower Projects in Sub-Saharan Africa: Case of Chinese Financed Projects

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  • Desire Wade Atchike

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Zhen-Yu Zhao

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Geriletu Bao

    (Inner Mongolia Technical College of Construction, Huimin, Hohhot, Inner Mongolia Autonomous Region 010070, P. R. China.)

Abstract

In last decades, many scholars have studied the cost of hydropower plants based on the capacity and head. The different correlation equations obtained depend mostly on geographical locations and electro-mechanical characteristics. As Sub-Saharan Africa remains the region with the largest untapped hydropower potential, coupled with the need of expansion of Chinese energy companies, this paper aims to estimate the cost of hydropower projects financed and constructed by Chinese companies in Sub-Saharan Africa. The data used in this study were rigorously selected. After refinement of the raw data, screening was performed to improve the quality of the database suitable for the log transformed linear regression. Furthermore, a bootstrap resampling with replacement was applied to assure the robustness of the model. The results show a good accuracy of the model confirmed by the high value of the coefficient of determination and an average error

Suggested Citation

  • Desire Wade Atchike & Zhen-Yu Zhao & Geriletu Bao, 2020. "Bootstrapping the Cost Modelling of Hydropower Projects in Sub-Saharan Africa: Case of Chinese Financed Projects," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 136-146.
    • Handle: RePEc:eco:journ2:2020-03-17
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    References listed on IDEAS

    as
    1. Aggidis, G.A. & Luchinskaya, E. & Rothschild, R. & Howard, D.C., 2010. "The costs of small-scale hydro power production: Impact on the development of existing potential," Renewable Energy, Elsevier, vol. 35(12), pages 2632-2638.
    2. Donald W. K. Andrews & Moshe Buchinsky, 2000. "A Three-Step Method for Choosing the Number of Bootstrap Repetitions," Econometrica, Econometric Society, vol. 68(1), pages 23-52, January.
    3. Cavazzini, Giovanna & Santolin, Alberto & Pavesi, Giorgio & Ardizzon, Guido, 2016. "Accurate estimation model for small and micro hydropower plants costs in hybrid energy systems modelling," Energy, Elsevier, vol. 103(C), pages 746-757.
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    More about this item

    Keywords

    Hydropower project cost; Capex modelling; bootstrap resampling; Sub-Saharan Africa; Chinese investment.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other

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