Title: A PROMETHEE I, II and GAIA-based approach by Saaty's subjective criteria weighting for small hydropower plant investments in Turkey
Authors: Burak Omer Saracoglu
Addresses: Orhantepe Mahallesi, Tekel Caddesi, Geziyolu Sokak, 34865 Dragos, Kartal, Istanbul, Turkey
Abstract: Academics, politicians, and researches have underlined that societies in the world cannot reach mutual happiness and peace without satisfying their daily necessities. One of these needs is the electricity. Most of the countries have been working to increase their electricity generation and quality; and some of them have been searching ways to supply electricity to their rural areas. Nowadays, mainly environmental concerns have been shifting the core business strategies of the electricity generation companies, from consuming fossil fuels to renewable energy sources. Small hydropower technology is one of the most widely used renewable energy technologies. The foreign and domestic investors have been looking for the most appropriate private small hydropower plant (SHPP) (PSHPP) projects/investments (PSHPPI) in the privatised electricity generation sector in Turkey. This study shows how the PROMETHEE method can help in this respect at the pre-development investment stages in Turkey.
Keywords: investment decisions; domestic energy; privatised electricity generation; foreign investors; pre-development stages; PROMETHEE; renewable energy; energy selection; small hydropower; Turkey; GAIA; hydropower investments.
International Journal of Renewable Energy Technology, 2016 Vol.7 No.2, pp.163 - 183
Received: 31 Oct 2014
Accepted: 23 Aug 2015
Published online: 23 Apr 2016 *