Abstract
The purpose of this paper is to investigate the factors that influence decision making in the selection of projects in renewable energy sector of Zambia. Project selection and development of a portfolio of projects in line with corporate strategy is an important task of decision makers in the renewable energy sector of both public and private organizations. The selected projects have to meet the appropriate time frame for completion and delivery, a suitable risk profile and other distinct factors in order to pursue corporate objectives successfully. A modified Delphi approach was applied in this study to investigate the factors that contribute to optimal selection of projects in the renewable energy sector of Zambia. The significance of the findings in this research established which critical factors decision makers must be considered when building up their project portfolio and considering the value of their investment. Key words: Project selection, renewable energy, strategic decision making, Zambia.
Highlights
The renewable energy sector in Zambia is one of the areas identified by government under the seventh national development plan (7NDP) as key for Zambia‟s economic growth and development
The purpose of this paper is to investigate the factors that influence decision making in the selection of projects in renewable energy sector of Zambia
A modified Delphi approach was applied in this study to investigate the factors that contribute to optimal selection of projects in the renewable energy sector of Zambia
Summary
The renewable energy sector in Zambia is one of the areas identified by government under the seventh national development plan (7NDP) as key for Zambia‟s economic growth and development. SADC member countries have signed several intergovernmental memorandum of understanding (MoUs) like the southern African power pool (SAPP) established 1995 and the Regional Energy Protocol (REP) of 1996. These agreements ensure consumers in each member country optimize the use of available energy resources in the region, and support inter-country co-operation during emergencies and recognize the need for a coordinated approach to energy strategy formulation and planning for the SADC. The report estimates the cost of such investment at USD 41 billion per year, which represents 6.4% of the region‟s GDP This cost is in exclusion of the cost for clean energy (African Development Bank , 2010)
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call