Prioritizing Financing Methods for Dam and Power Plant Projects Using Hierarchical Analysis Process

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Prioritizing Financing Methods for Dam and Power Plant Projects Using Hierarchical Analysis Process (AHP) Model (Case Study of Dam and Power Plant Projects in Iranian Water and Power Resources Development Company)

Original Article, D61
Kasrai AR, KhorsandiSaniKavaki R, Soloukdar A.
J. Civil Eng. Urban. 4(4): 402-408. 2014

ABSTRACT: Today there are many methods of financing in the world and every country selects its convenient financing methods according to its economic and political relations and technological and technical conditions and management skills. Due to the many constraints, developing countries must act with greater sensitivity, so that projects can be completed in the desired time and with optimal and economical cost. This paper aims to briefly review the theories, methods and concepts of financing to take a   step toward understanding the financial situation and choosing the best and most useful techniques. For this reason, Hierarchical Analysis Process (AHP) Model was used which is one the most comprehensive systems designed for multiple criteria decision-making. After forming a tree structure of the factors affecting the financing of projects, using Expert choice Software, the weights of criteria were specified. And after ranking the alternatives, appropriate methods for financing the dam and power plant construction projects were prioritized. The research findings showed that among the seventeen major methods proposed for financing dams and power plant projects in Iranian Water and Power Resources Development Co., according to experts, the "financing" factor has the first priority by earning the most points. Also factors like "compensatory transactions", "foreign investment", "sales of assets", "usance", and "BOT contracts" are the next factors in the ranking of project financing methods, respectively.
Keywords: Finance, Financial resources, Financing of project, Project Financing Techniques, Analytical Hierarchy Process (AHP)

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