Abstract
Almost all of the today’s modern daily life conditions of humankind depend on the electricity. The countries either by only themselves or sometimes with some international intuitions and/or organizations have been trying to find the best methods, ways, and projects to supply the electricity to their societies. One of the important tools for the countries to increase the amount and quality of the electricity generation is to activate/ignite/initiate the private investment capabilities/opportunities. The electricity generation market in Turkey is a free/open market for both the foreign and domestic private investors. Hence, both the foreign and domestic private investors have been looking for the most suitable electricity generation plant projects. Small hydropower plant (SHPP) investments (SHPPIs) are one of the alternatives in the Turkish electricity generation market especially for the private investors searching for the renewable energy investments. This experimental research study investigates the possibility of using the ELECTRE III/IV, Shannon’s Entropy, and Saaty’s Analytic Hierarchy Process (AHP) subjective weighting (for criteria) methods for the solution of this problem. In the experimental case study, the most appropriate SHPPIs amongst five alternative SHPPIs at the SHPPIs’ predevelopment investment stages in Turkey were evaluated and ranked in order.
Highlights
The causes of this almost steady electricity demand increase condition are mainly given as the increase in the population in Turkey and the increase in the income growth in Turkey by the researchers
These increasing conditions of the population and the gross domestic product (GDP) in Turkey are presented by the help of the historical data as shown in Figure 1 for expressing and showing the actual situation of these conditions very clearly and plainly to the researchers, the academics, the private investors, and the whole readers
In addition to these historical data, several projection studies for these two indicators present that the growth status will continue in the long term
Summary
The causes of this almost steady electricity demand increase condition are mainly given as the increase in the population in Turkey and the increase in the income growth in Turkey by the researchers (see and read some studies on this issue [1,2,3]) These increasing conditions of the population and the gross domestic product (GDP) in Turkey are presented by the help of the historical data as shown in Figure 1 for expressing and showing the actual situation of these conditions very clearly and plainly to the researchers, the academics, the private investors, and the whole readers.
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