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Factors influencing the success of BOT power plant projects in China: A review

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  • Zhao, Zhen-Yu
  • Zuo, Jian
  • Zillante, George

Abstract

The rapid economic growth in China has created massive demand for power generation facilities. Build–operate–transfer (BOT) concessions have been granted to attract foreign and private investment. Interest in the BOT scheme for power plant projects has been growing rapidly. BOT projects normally involve a number of parties and usually face a number of constraints. The identification of key factors for Chinese BOT projects helps to accomodate these constraints so that the expected project outcomes can be achieved. A multi-facet qualitative approach is adopted in this research to investigate the factors influencing the success of BOT electric power projects in China. The results showed that there are 14 factors at both macro level and micro level, affecting the success of Chinese BOT projects. The results indicate that the success of China's BOT electric power projects require a combined efforts from all related stakeholders. These findings provide a valuable reference for both policy makers and investors for the future BOT power plant developments in China.

Suggested Citation

  • Zhao, Zhen-Yu & Zuo, Jian & Zillante, George, 2013. "Factors influencing the success of BOT power plant projects in China: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 446-453.
    • Handle: RePEc:eee:rensus:v:22:y:2013:i:c:p:446-453
    DOI: 10.1016/j.rser.2013.02.025
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    References listed on IDEAS

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    Cited by:

    1. Zhao, Zhen-Yu & Chen, Yu-Long & Li, Heng, 2019. "What affects the development of renewable energy power generation projects in China: ISM analysis," Renewable Energy, Elsevier, vol. 131(C), pages 506-517.
    2. Shiying Shi & Heap-Yih Chong & Lihong Liu & Xiaosu Ye, 2016. "Examining the Interrelationship among Critical Success Factors of Public Private Partnership Infrastructure Projects," Sustainability, MDPI, vol. 8(12), pages 1-20, December.
    3. Yu Zeng & Weidong Chen, 2019. "The Determination of Concession Period for Build-Operate-Transfer Solar Photovoltaic Power Project under Policy Incentives: A Case Study of China," Energies, MDPI, vol. 12(18), pages 1-23, September.
    4. Wu, Yunna & Song, Zixin & Li, Lingwenying & Xu, Ruhang, 2018. "Risk management of public-private partnership charging infrastructure projects in China based on a three-dimension framework," Energy, Elsevier, vol. 165(PA), pages 1089-1101.
    5. Muhammad Haris & Qing Yang, 2023. "Investigating the Moderating Role of Political Factors on Internal Success Factors and Project Success: Empirical Evidence from Pakistan," Sustainability, MDPI, vol. 15(11), pages 1-20, May.
    6. Lih-Ren Liu & Yuh-Ming Lee, 2016. "Remedial Measures for Erroneous Environmental Policies: Assessing Infrastructure Projects of Waste-to-Energy Incineration in Taiwan with a Case Study of the Taitung Incinerator," Sustainability, MDPI, vol. 8(12), pages 1-13, December.

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