Cost overruns and delays in energy megaprojects: How big is big enough?

Volume: 114, Pages: 211 - 220
Published: Mar 1, 2018
Abstract
Power generation megaprojects are central in energy planning and policy. However, many megaprojects fail to deliver the scale and efficiency aspirations initially expected. The purpose of this paper is to estimate the probability distribution function of cost overruns and delays in the construction of power generation projects, with a particular focus on mega hydroelectric dams recently built in Brazil. Results show that construction costs were,...
Paper Details
Title
Cost overruns and delays in energy megaprojects: How big is big enough?
Published Date
Mar 1, 2018
Volume
114
Pages
211 - 220
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