Critical Success Factors in the Implementation of Public-Private Partnership Projects in the Field of Energy in the Islamic Republic of Iran (Case Study: Power Industry)

Noruzi, Mohammad; Asheri, Mohammad Reza; Baladian, Seyyed Mostafa

Critical Success Factors in the Implementation of Public-Private Partnership Projects in the Field of Energy in the Islamic Republic of Iran (Case Study: Power Industry)

Document Type : Research Article (Original Article)

Authors

Mohammad Noruzi ¹

Mohammad Reza Asheri ²

Seyyed Mostafa Baladian ³

¹ PhD candidate of Management of International Contracts Oil and Gas, Faculty of Islamic Studies and Economics, Imam Sadiq University, Tehran, Iran.

² MSc student of Industrial Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran.

³ MSc student of Business Management, Faculty of Islamic Studies and Management, Imam Sadiq University, Tehran, Iran.

Abstract

Energy-related industries require large financial investments and Financing in this area is the one of the country’s most important issues. Using Public-Private Partnership is one of the most effective strategies in financing through cooperation with the private sector. Successful implementation of PPP in the country requires the identification of critical success factors according to the type of industry and through international experiences as well as the opinions of experts and professionals in the industry. In this paper, the critical success factors in the implementation of PPP projects in the electricity industry is concerned, after extensive literature survey and review of documents, as major contributing factors were identified and were used to validate the experts. Using a questionnaire survey of relevant experts examined the results of the questionnaire were ranked by TOPSIS. The results indicate that socio-political factors matter most in the critical success factors are identified, financial and economic factors and infrastructure were next in rank. While the ranking of individual indicators, the political and social situation stable and transparent, healthy economic policy and human resources capacity in place first, second and third respectively.

Keywords

Public-Private Partnership

Power Industry

Financing

Energy

Critical Success Factors

Islamic Republic of Iran