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Identifying risks and mitigation strategies in private sector participation (PSP) in power generation projects in Ghana

Collins Ameyaw (Chair of Construction Economics, Bauhaus-Universitat Weimar, Weimar, Germany)
Hans Wilhelm Alfen (Chair of Construction Economics, Bauhaus-Universitat Weimar, Weimar, Germany)

Journal of Facilities Management

ISSN: 1472-5967

Article publication date: 15 May 2017

Abstract

Purpose

The purpose of this paper is to identify the risks associated with private sector participation (PSP) in power generation (PG) projects, how they were allocated and the strategies used to mitigate their likely adverse effects.

Design/methodology/approach

The paper adopts case study research method and cross-case analyses to unearth the key risks and the contractual instruments used to manage them.

Findings

The paper identified 30 risk factors associated with four major private sector PG projects in Ghana. The allocation and mitigation strategies of these risks are also reported.

Originality/value

This is the first study to create a risk register of PSP PG projects. Private investors and government have been provided with a comprehensive list of risks associated with PG infrastructure. Would-be investors have also been armed with some potential risk management strategies for proper project structuring.

Keywords

Citation

Ameyaw, C. and Alfen, H.W. (2017), "Identifying risks and mitigation strategies in private sector participation (PSP) in power generation projects in Ghana", Journal of Facilities Management, Vol. 15 No. 2, pp. 153-169. https://doi.org/10.1108/JFM-07-2016-0030

Publisher

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Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited