电力投资项目融资风险评价及防范对策研究
发布时间：2019-06-28 11:01
【摘要】：电力企业融资方式的发展演化表明,国内银行贷款、债券融资、股票融资、项目融资等各种融资方式都有其固有的优点,但也存在一些缺陷和不可避免的风险。项目融资作为资本密集型的电力企业一种行之有效的融资方式,相对于传统的融资方式更加适应国际政治、经济、法律环境和社会因素的不断变化。因此,对电力企业项目融资风险的研究是十分必要的。 本文通过对华润浙江苍南发电厂项目融资的风险进行识别,进而建立华润浙江苍南发电厂项目融资风险综合评价指标体系,运用多层次模糊综合评价模型对华润浙江苍南发电厂项目融资风险进行具体综合评价,最后针对相应风险提出了风险防范措施和建议。 研究结果认为,华润浙江苍南发电厂项目融资的风险,随类型不同其风险程度也是不同的,甚至差距甚大。通过对融资风险的综合评价,华润浙江苍南发电厂项目融资风险可以被归纳为严重风险、较严重风险、一般风险、轻微风险等四级风险。其中地区政府主管部门不利的行政行为、上网电价风险、突发性自然灾难风险等严重风险为Ⅰ级风险；国内宏观政策对火电行业的影响、通货膨胀风险、爆炸、化学污染引起的风险、成本超支风险等较严重风险为Ⅱ级风险；环保风险、经营和维护风险、招标风险、项目业主风险、延期完工风险等一般风险为Ⅲ级风险；无法完工风险等轻微风险为Ⅳ级风险。 通过对华润浙江苍南发电厂项目融资风险综合评价分析,不仅清楚地了解项目的风险层次,还可以相应提出风险防范措施和建议,对项目进行有策略、有重点的风险管理,既把握了全局,又能关注重点,统筹人力物力,提高效率。
[Abstract]:The development and evolution of financing methods of electric power enterprises show that domestic bank loans, bond financing, stock financing, project financing and other financing methods have their inherent advantages, but there are also some defects and inevitable risks. Project financing, as an effective financing method for capital-intensive power enterprises, is more suitable for the continuous change of international political, economic, legal environment and social factors than the traditional financing method. Therefore, it is very necessary to study the project financing risk of electric power enterprises. This paper identifies the risk of project financing in Cangnan Power Plant of China Resources Zhejiang Province, and then establishes the comprehensive evaluation index system of project financing risk of Cangnan Power Plant in Zhejiang Province of China Resources. The multi-level fuzzy comprehensive evaluation model is used to evaluate the project financing risk of Cangnan Power Plant in Zhejiang Province. Finally, the risk prevention measures and suggestions are put forward. The results show that the risk of project financing in Cangnan Power Plant of China Resources Zhejiang Province is different with different types, and even the difference is very large. Through the comprehensive evaluation of the financing risk, the project financing risk of Cangnan Power Plant in China Resources Zhejiang Province can be classified into four levels of risk, such as serious risk, more serious risk, general risk, mild risk and so on. Among them, the serious risks such as the adverse administrative behavior, the risk of electricity price and the risk of sudden natural disaster are grade I risk, and the serious risks such as the influence of domestic macro policy on thermal power industry, inflation risk, explosion, risk caused by chemical pollution, cost overexpenditure risk and so on are grade II risks, and the serious risks such as the influence of domestic macro policy on thermal power industry, inflation risk, explosion, chemical pollution risk, cost overexpenditure risk and so on. The general risks, such as environmental protection risk, operation and maintenance risk, bidding risk, project owner risk, delay completion risk and so on, are grade III risks, while minor risks such as uncompleted risks are grade IV risks. Through the comprehensive evaluation and analysis of the project financing risk of Cangnan Power Plant in China Resources Zhejiang Province, we can not only clearly understand the risk level of the project, but also put forward the corresponding risk prevention measures and suggestions, carry out strategic and key risk management of the project, not only grasp the overall situation, but also pay attention to the key points, coordinate the manpower and material resources, and improve the efficiency.
【学位授予单位】：华北电力大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.61
[Abstract]:The development and evolution of financing methods of electric power enterprises show that domestic bank loans, bond financing, stock financing, project financing and other financing methods have their inherent advantages, but there are also some defects and inevitable risks. Project financing, as an effective financing method for capital-intensive power enterprises, is more suitable for the continuous change of international political, economic, legal environment and social factors than the traditional financing method. Therefore, it is very necessary to study the project financing risk of electric power enterprises. This paper identifies the risk of project financing in Cangnan Power Plant of China Resources Zhejiang Province, and then establishes the comprehensive evaluation index system of project financing risk of Cangnan Power Plant in Zhejiang Province of China Resources. The multi-level fuzzy comprehensive evaluation model is used to evaluate the project financing risk of Cangnan Power Plant in Zhejiang Province. Finally, the risk prevention measures and suggestions are put forward. The results show that the risk of project financing in Cangnan Power Plant of China Resources Zhejiang Province is different with different types, and even the difference is very large. Through the comprehensive evaluation of the financing risk, the project financing risk of Cangnan Power Plant in China Resources Zhejiang Province can be classified into four levels of risk, such as serious risk, more serious risk, general risk, mild risk and so on. Among them, the serious risks such as the adverse administrative behavior, the risk of electricity price and the risk of sudden natural disaster are grade I risk, and the serious risks such as the influence of domestic macro policy on thermal power industry, inflation risk, explosion, risk caused by chemical pollution, cost overexpenditure risk and so on are grade II risks, and the serious risks such as the influence of domestic macro policy on thermal power industry, inflation risk, explosion, chemical pollution risk, cost overexpenditure risk and so on. The general risks, such as environmental protection risk, operation and maintenance risk, bidding risk, project owner risk, delay completion risk and so on, are grade III risks, while minor risks such as uncompleted risks are grade IV risks. Through the comprehensive evaluation and analysis of the project financing risk of Cangnan Power Plant in China Resources Zhejiang Province, we can not only clearly understand the risk level of the project, but also put forward the corresponding risk prevention measures and suggestions, carry out strategic and key risk management of the project, not only grasp the overall situation, but also pay attention to the key points, coordinate the manpower and material resources, and improve the efficiency.
【学位授予单位】：华北电力大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.61
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4 杨s，
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