Project Planning and Profitability of Biogas Generating Plants in Malaysia
DOI:
https://doi.org/10.53819/81018102t4075Abstract
To attain renewable energy goals, many developing countries, including Malaysia, acknowledge the adoption of waste-to-renewable energy technologies being the best means. For a considerable amount of time, Malaysia has witnessed an increase in animal husbandry to generate massive feedstock, which can serve as the raw material for the generation of biogas. With the implementation of WTRE technologies, Malaysia is starting to use a suitable method of power generation from the conversion of animal dung to biogas. The purpose of this study was to assess the impact of projects planning on profitability of the biogas generating plants in Malaysia. Project planning is at the heart of the project life cycle, and tells everyone involved where you’re going and how you’re going to get there. Biogas generating sector is fairly new in Malaysia and most companies have an amazing concept but dismally fail at execution due to lack of planning. Biogas production in Malaysia dates back to the 1980s but it has been limited to small scale only recently are more studies being done on biogas and their use, which has a sparked a market frenzy. Globally, 52% of the world’s population are using non-renewable energy for cooking and heating, representing a huge market share for biogas plant globally. The projection in growth of profitability is directly attributable to unavailability of cooking fuels especially in developing countries and biogas are mostly preferred due to low emissions. The uptake of biogas in Asia has however been low due to lack of awareness by consumers of clear advantages of the product. The study was a literature based in which a desk top review was conducted to derive themes. The study found a positive and significant relationship between financial resource planning and Profitability; human capital planning and Profitability were positively and significantly related, material requirement planning and profitability were positively and insignificantly related. The study concludes that project planning positively and significantly influences profitability volume in biogas generating plants in Malaysia. The study recommends that the managements of biogas generating plants should strive to implement project planning strategies such as financial resource planning, human capital planning, time management planning and material requirements planning because they have been found to influence Profitability.
Keywords: Project planning, Profitability, Biogas plants, Human capital, Malaysia
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