Strategies application in project evaluation- the case of bumbuna hydroelectric project (BHP), Sierra Leone

This paper discusses environmental sustainability vis-à-vis regulatory compliance and environmental policy issues as related to the challenges and benefits being experienced by the Bumbuna Hydroelectric Project (BHP) in Sierra Leone. The paper's goal is to present strategies by applying established theoretical concepts and frameworks to the BHP case. It examines some critical success factors that could be integrated into best practice management, especially in the face of future environmental and socio-economic challenges. It shows that BHPs' critical success factors depend on the project's peculiar historic and organizational context. The assumption is that achieving environmental compliance in view of responding to public expectations, and recognizing business opportunities, are critical success factors for BHP. The paper focuses on the Environmental Mitigation and Area Development (EMAD) component of the project as opposed to project contracts and technical assistance. The authors believe that the EMAD component has a direct influence on the livelihood of the people, and as such, it could be used to gain further insights into BHP. If effectively implemented, the EMAD component may become one of the most significant strategic management initiatives taken by BHP in complying with environmental regulations, in reaping potential benefits, and in putting the project in a better position for future financial assistance. As such, this paper's main focus is on activities related to EMAD and recommends the adoption of a competitive strategy like a focused low-cost strategy that will provide the project with a strategic advantage whilst capitalizing on the World Bank's Dam Planning/Management Action Plan (DAMAP).