RISK MANAGEMENT STRATEGIES AND SUSTAINABILITY OF GREEN ENERGY HARNESSING PROJECTS IN KENYA: A CASE OF OLKARIA ONE UNIT SIX, NAKURU KENYA
RISK MANAGEMENT STRATEGIES AND SUSTAINABILITY OF GREEN ENERGY HARNESSING PROJECTS IN KENYA: A CASE OF OLKARIA ONE UNIT SIX, NAKURU KENYA
Gitau Samuel Kinuthia - Master of Arts Degree in Project Planning and Management, University of Nairobi, Kenya
Dr. Anthony Ndungu - Lecturer, Faculty of Business and Management Sciences, University of Nairobi, Kenya
ABSTRACT
As a result of this ever-changing external pressure, businesses are rapidly adopting new management strategies in order to maintain their economic viability. The primary purpose of this research was to analyze how the management practices of one Kenyan power company, Olkaria Kenya, affected the sustainability of green energy harnessing in the country over the long term. The resource-based approach and the stakeholder theory provided the framework for this investigation. This study used a descriptive research strategy. In all, 180 workers from the Olkaria branch of the Kenya Electricity Generating Company were included in the analysis. A statistical technique known as simple random sampling was used to establish the size of the sample to be used. To gather information, a questionnaire was sent. Cronbach's alpha was used to determine the degree of reliability. Research relied on both content and facial validity. Descriptive and inferential statistics were used to examine the information. With a significance level of 0.000, which is less than 0.05, the model was statistically significant in predicting how the components (Risk management) affect the sustainability of green energy harvesting in Kenya. At a significance level of 5%, the F-value threshold was 3.123. The entire model was noteworthy as the computed F is larger than the F critical (value = 8.781). The8 study8 found8 that8 to8 a8 great8 extent8 that there is a channel for communication in case of any green energy harnessing emergencies. The study also found that mitigation plans have been put in place by the organization in case of the occurrence of any problems during production of green energy, a checklist of the risks identified in relation to the green energy harnessing is normally prepared in line with the organization’s priorities.
