Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/43337
Title: Critical risk factors affecting the implementation of PPP waste-to-energy projects in China
Authors: Xu, Y
Chan, APC 
Xia, B
Qian, QK
Liu, Y
Peng, Y
Keywords: China
Project transfer
Public-private partnership (PPP)
Risk management
Waste-to-energy incineration plant
Issue Date: 2015
Publisher: Pergamon Press
Source: Applied energy, 2015, v. 158, p. 403-411 How to cite?
Journal: Applied energy 
Abstract: Since 2003, Mainland China has been promoting the public-private partnership (PPP) procurement model in the waste-to-energy incineration sector to reduce the waste burying rate and improve environmental quality. Five critical risk factors (CRFs) that affect the construction and operation of waste-to-energy incineration projects have been identified from real-life risk events of 14 PPP waste-to-energy incineration plants through content analysis. These risk factors are insufficient waste supply, disposal of non- licensed waste, environmental risk, payment risk, and lack of supporting infrastructure. A recently completed PPP waste-to-energy incineration plant, the Shanghai Tianma project, was investigated to learn from the effective management of CRFs. First-hand data about the Shanghai Tianma project was collected, with a focus on project negotiation and concession agreement. Lessons learned about risk management were acquired. This paper presents a detailed study of the contractual structure, risk sharing scheme, risk response measures to CRFs, and project transfer of a PPP project. The study results will provide governments with management implications to prepare equitable concession agreements and benefit private investors by effectively mitigating and managing risks in future PPP waste-to-energy incineration projects.
URI: http://hdl.handle.net/10397/43337
ISSN: 0306-2619
EISSN: 1872-9118
DOI: 10.1016/j.apenergy.2015.08.043
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