Risk analysis and allocation in public-private partnership power transmission line projects

Abstract

The aim of this paper is risk analysis for the delivery of public-private partnership (PPP) power transmission line projects in India and to address risk analysis and their proper risk allocation between the different stakeholders involved. An empirical questionnaire survey was designed. A total of 45 valid responses were obtained for data analysis. The expected monetary value method (EVM) is employed for risk analysis and allocation. It was found that one risk was high risk, 65 were moderate, 35 were major, nine were minor risks and two were low risk. Risk allocation was done both phase and stakeholder wise. A key finding from this research is the execution phase of the power transmission line project involves huge risk, i.e., 64% and the project company takes a maximum of 53%. Hence, project company should focus more on critical risk factors of execution phase.