Build Operate and Transfer (BOT) in power plant projects in Iran

Abstract

Iranian electric power industry has adopted Build Operate Transfer (BOT) approach in a number of projects as an alternative to utilize private sector investment. Therefore, some power plant projects have been successfully implemented through BOT such as South Isfahan power plant as a first BOT power plant; in contrast, some of them have been failed in the procurement process. Thus, there is a need for improving procurement approaches for future BOT projects. This study identifies and analysis various success factors in BOT power plant projects in Iran. The research methodology that has been utilized including literature review, and survey questionnaire have distributed to BOT experts. Hence, this research establishes success factors for BOT power plant project in Iran comprise of 33 factors. All 33 success factors are considered as important factors in BOT infrastructure projects; moreover, there is a good agreement in significance of success factors between government organization, consultants, and concessionaires.