OPPORTUNITIES AND RISK FACTORS IN PUBLIC-PRIVATE PARTNERSHIP ON ENERGY: A CRITICAL ANALYSIS OF SOLAR PHOTOVOLTAIC PLANT AT BAHAWALPUR

Abstract

This study delineates a 1000 Megawatt (MW) very large scale Photovoltaic (PV) system designed in three phases, from which 100 MW has functional and the remaining two phases of 300MW, 600 MW has yet to be functional at Quaid-eAzam solar park (QSP) in Cholistan desert near Bahawalpur City of Pakistan. This study describes the opportunities and risks in the construction of solar PV plant (QSP), which is constructed through public-private partnership (3P).This study uses the case study as a part of research methodology. Firstly it explains about 3Ps, their various types and necessity. Secondly, explores the critical factors in the construction of QSP PV Plant through PESTLE (political, economic, social, technological, legal, environmental) analysis. Thirdly outlines the effect of RE projects on the socioeconomic status of the periphery which is ignored in previous studies. The recommendations will guide the policymakers how they can embed social acceptance in RE projects.