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Green Energy Project`s Efficiency: A Cross-industry Evaluation

Author

Listed:
  • Assel K. Kozhakhmetova

    (Department of Management and Marketing, Al-Farabi Kazakh National University, High School of Economics and Business, Almaty, Kazakhstan,)

  • Kenzhebek T. Gabdullin

    (Al-Farabi Kazakh National University, Faculty of Oriental studies, Almaty, Kazakhstan.)

  • Duissekul A. Kunanbayeva

    (Department of Management and Marketing, Al-Farabi Kazakh National University, High School of Economics and Business, Almaty, Kazakhstan,)

  • Samal K. Tazhiyeva

    (Department of Management and Marketing, Al-Farabi Kazakh National University, High School of Economics and Business, Almaty, Kazakhstan,)

  • Renata E. Kydaybergenova

    (Al-Farabi Kazakh National University, Faculty of Oriental studies, Almaty, Kazakhstan.)

Abstract

Renewable energy attracts wide attention of world due to high importance and relevance. The study is devoted to this topic and aims to identify critical Project Management (further PM) knowledge areas those affect efficiency of green energy project, and to reveal PM tools those increase an efficiency. The study investigates 253 high-tech projects from Kazakhstan and compares green energy projects with projects from other industries like Information technologies (further IT), nanotechnologies and communications. Authors use Project Management Planning Quality (further PMPQ) model for measuring the efficiency of these projects and for identifying critical factors of efficiency. Results show that IT projects have highest level of efficiency (cost overrun 12,2%, schedule overrun 2,8%, project performance 8,8), when green energy projects show average level of efficiency (cost overrun 45,13%, schedule overrun 6,2%, project performance 7,5). Research findings link these results with use intensity of PM processes. Project efficiency evaluation has also revealed critical knowledge areas for green energy projects like project schedule management, communication management, risk and quality management. Thus, authors have suggested tools and techniques from revealed knowledge areas for improving efficiency of project.

Suggested Citation

  • Assel K. Kozhakhmetova & Kenzhebek T. Gabdullin & Duissekul A. Kunanbayeva & Samal K. Tazhiyeva & Renata E. Kydaybergenova, 2019. "Green Energy Project`s Efficiency: A Cross-industry Evaluation," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 207-215.
    • Handle: RePEc:eco:journ2:2019-05-23
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    References listed on IDEAS

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    Cited by:

    1. Galymkair Mutanov & Aziza Zhuparova & Dinara Zhaisanova, 2020. "Measuring the Knowledge-Based Performance Efficiency in the Oil-Exported Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(3), pages 109-122.
    2. Yerkin G. Abdildin & Serik A. Nurkenov & Aiymgul Kerimray, 2021. "Analysis of Green Technology Development in Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 269-279.
    3. Zhanar M. Orynkanova & Diana I. Stepanova, 2020. "Evaluation of the Economic Efficiency of Heat Recovery from Exhaust Gas of Diesel Power Plants in Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 399-404.

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    More about this item

    Keywords

    Green Energy Project; Project Efficiency; Project Management; Project Planning; Kazakhstan.;
    All these keywords.

    JEL classification:

    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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