TITLE:
Research on Delay Risks of EPC Hydropower Construction Projects in Vietnam
AUTHORS:
Mai Sy Hung, Jianqiong Wang
KEYWORDS:
Engineering, Procurement and Construction (EPC), Risk Research, EPC Hydropower Project, Construction Projects
JOURNAL NAME:
Journal of Power and Energy Engineering,
Vol.4 No.4,
April
21,
2016
ABSTRACT: In recent years, in Vietnam, economy has been developing rapidly. To ensure rapid and sustainable economic growth, strong support from the energy sector is required. Governments in Vietnam have invested in numerous hydropower projects, many of which employ the EPC (Engineering, Procurement and Construction) contract. However, the EPC general contractors are facing many difficulties, resulting in schedule delays and considerable losses. This research is conducted to highlight the main risk factors in the delays of hydropower construction projects in Vietnam. The research employs the method of statistical calculations and risk analysis to obtain feedback from experts participating in similar projects. The research outcomes are as follows: identifying the risks that can cause delays in EPC hydroelectric construction projects in Vietnam; calculating and classifying the degree of impact of each risk to the progress of the construction. The practical significance of this study is to ensure the timely completion of projects, benefits for the investors, and the EPC general contractors.