This study combines photovoltaic (PV) technology with rural revitalization, constructs a new long-term mechanism by using a BOT model, and applies fuzzy number processing to the model of the real ...option method to dig out the potential value of the project. Based on the field research of X county, the article comprehensively analyzes the PV power generation project in terms of economic and social benefits and its impact on poverty alleviation. The results show that the total benefit of X county can reach 3720.34 million yuan in 30 years, and the average annual benefit is about 124.011 million yuan. The full power generation capacity of the project is 4,987 MWh, and the total income from electricity sales reaches 471,985,000 yuan. The PV power project has contributed significantly to environmental protection, with reductions in carbon dust, carbon dioxide, sulfur dioxide, and nitrogen oxides of 12.12 billion tons, 44.61 billion tons, 13.77 billion tons, and 750 million tons, respectively. The study also found that villages with larger administrative territory and suitable topographic conditions are more ideal for establishing large-scale PV ground power plants to help alleviate poverty. Meanwhile, villages with good grid quality are more efficient in reducing poverty when implementing PV poverty alleviation programs. This study provides an innovative perspective for village revitalization strategies and demonstrates the great potential of PV technology in promoting village economic development and environmental protection.
The author's interest in water usage under the concession model envisaged in the domestic legislation of Republika Srpska was sparked by the Decision of the Constitutional Court of Bosnia and ...Herzegovina in Case No. U-16/20. The analysis of this decision has paved the way for broader reflection, leading to further research which resulted in the creation of this article. Methodologically, the paper is rooted in the normative analysis of the Concessions Act and the Real Rights Act, the latter being the primary legislative act when discussing real property institutions in Republika Srpska. While the initial segment of this article addresses the specific legal regulation of certain kinds of properties and delineates the concepts of water, water assets, and water entities as subjects of property rights, the main focus is on pertinent issues related to water as the subject matter of concession. The scope of concession can encompass a vast array of economic activities. In the context of water, it typically pertains to the utilization of public water assets (e.g., water for technological processes in economic activities, water and waterfronts for hydro reservoirs, swimming pools, ponds, waterfronts for conducting certain economic tasks, and extraction of materials from waterways). Furthermore, the energy potential of water can be tapped when the objective of concession is the construction and operation of energy plants, which stand as one of the paramount economic facets of water utilization. The concluding section delves into the Constitutional Court's practices regarding the concession institution, as well as the notion of "state property" as an increasingly emphasized topic in domestic jurisprudence.
Build-Operate-Transfer (BOT) model of public-private partnerships (PPPs) are among the most popular infrastructure delivery models used by governments across the globe. Yet, concession agreements are ...criticized for being dispute prone. This study identifies a few areas where BOT projects are often challenged and proposes further interventions. Interviews with the private developers and the transactions advisory provided the necessary evidence for exploring the expectations of revising the BOT Concessions. The study found interventions that the private sector stakeholders suggest. These interventions span over the procurement, construction, and operation phases of the infrastructure delivery and are argued to build a rubber wall that can absorb the impacts of risk events. The suggested interventions would be helpful to policymakers to understand the prevailing challenges and expectations of the private sector developers. Future BOT concessions can be less dispute prone by deliberating and effectuating a mutually beneficial bargaining power. This study did not focus on the public sector perspective and their challenges for not considering these alternatives. Future studies need to expand to make the results more amicable and implementable. BOT concession model is popular but ever evolving. This study challenges the status quo by identifying a few challenges to be considered for increasing its effectiveness.
This article presents an empirical study on the effectiveness of Public-Private Partnerships (PPPs) in the water supply industry in Georgia. The study identifies vital and causal problems within the ...industry, including outdated infrastructure, lack of technical and financial resources in rural areas, absence of consolidated state policy, and insufficient state subsidies. Through a comprehensive assessment that considers economic, social, and environmental sustainability, as well as stakeholder perspectives, the study evaluates the relative importance of different PPP models. Findings indicate that the Build-Operate-Transfer (BOT) model is highly prioritized due to its reliance on private capital and the preservation of state control. The results contribute to evidence-based decision-making, enabling policymakers to design effective PPP frameworks that address the specific needs and characteristics of the water supply industry in Georgia.
Making the Megaproject Baez Ullberg, Susann
Water alternatives,
2019, Letnik:
12, Številka:
3
Journal Article
Recenzirano
Odprti dostop
To meet an increasing industrial and urban demand for water in a context of water scarcity in Peru, the state has invested heavily in hydraulic megaprojects to ensure water supply to citizens and ...corporations. The Majes Siguas Special Project (PEMS) in the Arequipa Region is an example of such a water infrastructure project. While the first stage of PEMS, built in the 1980s, was financed and run by the Peruvian government, the second stage that is currently underway is being co-financed and built by a private transnational consortium that will run the infrastructure for 20 years. This can be understood as a process of temporary commodification of the water infrastructure and places the hydraulic megaproject at the heart of tensions between seeing water infrastructure as public utility and seeing it as private provision. This article asks how this tension between public and private is played out in practice within the hydraulic bureaucracy and examines ethnographically how the Majes Siguas Special Project is made over time by way of the everyday practices of experts. The study finds that these experts anticipate the potential political effects of temporary commodification of water infrastructures to be both a risk and a distinct possibility. The article argues that building, maintaining and managing hydraulic megaprojects are far from straightforward processes, but should instead be understood as open-ended experimental reconfigurations that the hydrocracy deals with through contingent practices of knowledge.
To meet an increasing industrial and urban demand for water in a context of water scarcity in Peru, the state has invested heavily in hydraulic megaprojects to ensure water supply to citizens and ...corporations. The Majes Siguas Special Project (PEMS) in the Arequipa Region is an example of such a water infrastructure project. While the first stage of PEMS, built in the 1980s, was financed and run by the Peruvian government, the second stage that is currently underway is being co-financed and built by a private transnational consortium that will run the infrastructure for 20 years. This can be understood as a process of temporary commodification of the water infrastructure and places the hydraulic megaproject at the heart of tensions between seeing water infrastructure as public utility and seeing it as private provision. This article asks how this tension between public and private is played out in practice within the hydraulic bureaucracy and examines ethnographically how the Majes Siguas Special Project is made over time by way of the everyday practices of experts. The study finds that these experts anticipate the potential political effects of temporary commodification of water infrastructures to be both a risk and a distinct possibility. The article argues that building, maintaining and managing hydraulic megaprojects are far from straightforward processes, but should instead be understood as open-ended experimental reconfigurations that the hydrocracy deals with through contingent practices of knowledge.
Every decision-making problem is oriented towards the selection of the correct strategies for achieving objectives, and depends on the assumptions associated with different scenarios. Project ...planning in a buildoperate-transfer (BOT) project is a complicated decision-making problem because the model has a complex financial and organizational structure which is influenced also by the socio-economic environment in a country. A decision support framework is reported, as used in the planning stage of a hydropower plant project in Turkey, which helped the project company to check project viability against some predefined critical success factors, define the risk sharing scenarios under which a project becomes viable, incorporate risks into cash flow analysis and, finally, define effective risk mitigation strategies. Key challenges in the realization of BOT projects, particularly in developing countries, are discussed together with possible risk sharing principles between the private and public sector participants.
The term "project financing" is often used to describe all types of project financing, but in recent years it has evolved towards a more precise definition, so that it implies the financing of a ...particular economic unit in which lenders are comfortable to rely initially on the cash flow and income of these economic units, which the loans will be repaid from, and on the property of that economic unit as collateral for the given loan. Project funds can be adequately used to finance the defense system. They generally fall into the category of development priorities and usually enjoy numerous benefits (primarily tax and customs benefits) provided by the host country of a project, which generally generates more income for participants in project financing than when it comes to conventional credit. The BOT model for financing infrastructure projects has a number of potential benefits and it is an effective alternative in many countries with a more traditional approach to using government borrowing or state budget, with the government retaining strategic control over the project which will become public sector property.
With the growing demand of Large Scale Gymnasiums and the tight budget on the government, BOT is one of the best alternatives to solve this problem. However, in order to create a successful BOT ...project, it is necessary to avoid controllable capital structure risk, completion risk and revenue risk, etc. First, the concept of BOT risk and risk management is introduced. The paper aims to study the BOT model in the investment and financing system of the large scale gymnasiums in china and understand the present situation of BOT financing by analyzing the significance and features of risks. The specific categories of risks are classified into uncontrollable and controllable risks theoretically. Some strategies are proposed to deal with different categories of risks.
In this chapter, the build-operate-transfer (BOT) model in the investment and financing system of the universities in China is researched. The necessity and feasibility of applying the BOT model and ...the notable problems are posed, and then the risk factors in financing process are analyzed and a series of risk reduction strategies are proposed.
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